Apartment Supply in Jakarta Will Increase This Year

By : Herry Barus And Aldi Firhand. A | Monday, April 09 2018 - 19:43 IWST

Apartment Illustration (Illustration)
Apartment Illustration (Illustration)

INDUSTRY.co.id - Jakarta - Property consultant Colliers International said that apartment supply in DKI Jakarta area is estimated to increase compared to previous years, because there is a project that will be continued until 2018.

Senior Associate Director of Colliers International Indonesia Ferry Salanto in a written statement in Jakarta, Sunday (8/4/2018) states, the reason for the increase in the supply of apartments, among others, due to some slow progress of construction of various apartment projects.

This, he added, also resulted in a number of delays due to slower unit sales, as well as licensing issues.

"Demand is not expected to differ significantly, resulting from a large supply by 2018. We believe that the property industry needs a stimulus or policy breakthrough that is implemented in order to encourage potential buyers to invest in property, especially in the upper and upper middle classes," he said .

He also believes that the Government's policy to facilitate the entry permit for expatriates to Indonesia is not expected to boost occupancy rate because there are still many additional supply in the future.

Previously, the survey Property Affordability Sentiment Index H1-2018 revealed, the people of Indonesia is increasingly interested in the apartment as a dwelling.

Based on the results of a survey conducted by the Home.com page, 60 of the 63 respondents who plan to buy shelter within six months ahead are interested in choosing an apartment as their dwelling.

"Apartments are the main target of shoppers for the first time, which in fact is mostly single," said Head of Marketing Rumah.com Ike Hamdan.

Apartments, Ike continued, generally have the advantage in terms of location and facilitation when compared with the home footprint.

According to her, at a relatively similar price with a tread house, the apartments offer a location close to the city center, equipped with complete commercial facilities, and not infrequently integrated with adequate transportation networks.

As many as 40 percent of single-time home seekers said they were interested in buying an apartment, 22 percent were not interested, and 38 percent were hesitant. Meanwhile, married respondents, 25 percent said they were not interested in buying an apartment, 38 percent were hesitant, and 37 percent were not interested.

"The home tread is still a prima donna for married home seekers, whether they already have children or not," Ike concluded.

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