Chairman of Kadin: Now is the Right Time to Buy Property

INDUSTRY.co.id - Jakarta, Stigma that millenial generation is reluctant to buy property has been increasing recently. Seeing this condition, the Indonesian Chamber of Commerce (Kadin) held a Property Chat (NGOPI) event. When Buy This event property is organized to provide answers to the problem. Thursday, (26/4/2018).

Located at 57 Promenade, Graha Niaga Thamrin, Jakarta, the event brings together millenial generation with industry players in property, banking and fintech and representatives from policy makers.

Vice Chairman of the Chamber of Commerce and Industry of Property, Hendro Gondokusumo said, through this activity it wants to hear and discuss with millennial generation directly related to the constraints faced by them in buying property.

The educational forum is expected to provide a tactical solution to help millennials to own and invest in property, he said.

Meanwhile, according to Chairman of Kadin Indonesia, Rosan P Roesli is currently the right time to buy property. With projected economic growth above 5 percent, intensive infrastructure development and enhancement of business ease rankings give hope to the property market to continue growing.

It can be exploited by property business developers to be more careful in looking at opportunities and reading market demand, especially millennial generation who usually want friendly, flexible and affordable payment, Rosan said in his speech.

Rosan added, the challenge for property developers is that development orientation should lead to property products that can be reached by the millennial generation market. Moreover, this segment has the potential to continue to grow until the next ten years so that it affects the industry.

Banks of mortgage lenders must be open to access by millennials because of the ability of this generation to buy a maximum property of Rp 1 billion, of which 17% are only able to buy a house priced above Rp300 million.

This is because their average income of Rp3-6 million, while to buy a house worth Rp300juta, required minimum income of Rp7, 5 million per month.

It is hoped this millennial issue can be accommodated by the government, so it can be issued a policy that supports millennial generation to be able to own property, "he concluded.