Semester II-2017, Landed House Sales in Jabodetabek Reach Rp 7.1 T

By : Ahmad Fadli And Aldi Firhand. A | Sunday, May 06 2018 - 22:52 IWST

Property Illustration
Property Illustration

INDUSTRY.co.id - Jakarta - Throughout the second half of 2017, the transaction of a house or landed house in Jakarta, Depok, Bogor, Tangerang and Bekasi (Jadebotabek) areas reached Rp 7.1 trillion.

"The transaction comes from the sale of 5,363 housing units, projected that demand will increase in H1 (first semester) 2018," said Arief Rahardjo, Senior Associate Director and Head of Research and Advisory Cushman and Wakefield Indonesia in a press statement on Friday (4/5/2018 ).

 The value of the transaction is lower than the same period in previous years which could be perched at Rp 8 trillion. Although growth is predicted to occur in the first half of 2018, but estimates will not be more than two percent.

This is because of the political conditions that are happening. As is known, this year the election of regional heads simultaneously re-held. In addition, at the same time preparations are being made to face the national political contest in 2019.

"The property market, especially landed residential, is projected to be positive, but it will not be significant because the low inflation rate is also the year of simultaneous regional head elections, the middle and upper middle class which will dominate supply in 2018," Arief said.

During the second semester of last year, the Tangerang region still recorded the highest sales transaction compared to other regions in Jabodetabek. This is known from research conducted Cushman and Wakefield against 34 housing in Jadebotabek. There is also the most desirable home or a favorite consumer, worth Rp 1.2 billion until Rp 1.6 billion, with the dimensions of the building 68-84 square meters and the land area of ​​72-90 square meters.

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