Licensing Become Dominant Factor of Domestic Industrial Property Sluggish
By : Ridwan And Aldi Firhand. A | Thursday, May 24 2018 - 22:15 IWST

Property Illustration
INDUSTRY.co.id - Jakarta, DKI Jakarta Real Estate Region Board of Directors said, based on surveys conducted in the period February to April 2018, the developers REI predict the property industry will stagnate this year.
Jakarta DPD REI Chairman Amran Nukman explained that 55 percent of developers of REI members of DKI Jakarta stated that the property condition of 2018 will remain the same compared to the previous year. While the other 34 percent optimistic property conditions 2018 better.
"Of the overall, the majority still plans to develop simple housing, upper middle and apartments, with priority needs of infrastructure in the form of clean water and roads," he said in the Office of DPD Jakarta (23/5/2018).
Amran explained, the stagnation is mainly affected by government policy, namely taxation, licensing, credit interest rates. Especially in DKI Jakarta licensing is still a challenge in itself.
"Bureaucracy is the most dominant factor in influencing the licensing process, as 69 percent of respondents said it is easier to obtain permits outside of Jakarta than in Jakarta," he said.
This, he added, is exacerbated by Indonesia's macro conditions, especially as the weakening of the rupiah against the US dollar and the rise in Bank Indonesia reference rates. These conditions clearly put pressure on the real estate business developers.
"However, developers and property market should remain optimistic that the 2018 condition will improve," he said.
Even so, he said, developers are still optimistic in 2018 will be a brilliant year for the real estate industry. Because according to him, the majority of developers, which amounted to 32 percent see though 2018 a lot of pressure but their concern to develop is the market competition.
"We thought that the purchasing power of the people, in fact, is small, the location financing is not a problem, so the biggest competition is the market," he said.
Read Also
PT Patra Jasa: A Giant In The Making
Opening of the 2023 Mall to Mall Exhibition at Trans Studio Mall,…
Jababeka and Mitsui Fudosan Asia Launch Wimbledon Shophouse in Kota…
tops! Handover of Cluster 'The Grove' Shila at Sawangan Faster Than…
Swire Properties, A Story of World-Class Excellence and Creative…
Today's Industry

Rabu, 06 Desember 2023 - 20:43 WIB
President Jokowi Inspects Prices at Danga Market, East Nusa Tenggara
President Joko “Jokowi” Widodo Tuesday (12/05) visited Danga Market in Nagekeo regency in Nusa Tenggara Timur province to inspect prices of basic necessities. The President pointed out that…

Rabu, 06 Desember 2023 - 20:39 WIB
President Jokowi Enjoys Playing Football with NTT Residents
The Wae Kesambi Football Field in Batu Cermin Village, Komodo District, West Manggarai Regency, East Nusa Tenggara (NTT) Province was busy with people on Monday (12/04). People were gathering…

Rabu, 06 Desember 2023 - 20:35 WIB
President Jokowi Inspects Bulog Warehouse in Labuan Bajo
President Joko “Jokowi” Widodo on Monday (12/04) arrived at Komodo Airport, Labuan Bajo, East Nusa Tenggara province for a working visit. Upon his arrival at 04:30 p.m. Central Indonesian…

Rabu, 06 Desember 2023 - 20:32 WIB
President Jokowi Applauds Gov’t Success in Hosting FIFA U-17 World Cup 2023
President Joko “Jokowi” Widodo expressed appreciation for Indonesia’s success in hosting the 2023 FIFA U-17 World Cup. The President said that Indonesia received praise from FIFA for successfully…

Rabu, 06 Desember 2023 - 20:27 WIB
President Jokowi Launches E-Land Certificate
President Joko “Jokowi” Widodo Monday (12/04) launched and symbolically handed over electronic land certificates (e-land certificates) to all recipients in all over Indonesia at the State…
News Comment