House Price Increase in Manado Reaches 18%

By : Ahmad Fadli And Aldi Firhand. A | Tuesday, May 29 2018 - 19:12 IWST

Residence Illustration
Residence Illustration

INDUSTRY.co.id - Jakarta - Potential property in Manado increasingly stretched, the capital of the province of North Sulawesi is now one of the cities coveted property investors.

Based on Lamudi data, during the year 2017, the increase in house prices in Manado became one of the highest. Recorded price reached 18% per year for middle and large home segment.

According to Mart Polman, Managing Director of Lamudi Indonesia, North Sulawesi, especially Manado has huge potential for property business, as economic growth is above the national average and its security is relatively stable.

"Not only that, there are also many tourist attractions, so it can attract many tourists to the city of Manado," said Mart.

Mart also said that the rampant factor of infrastructure development is also key to the development of property business in Manado. According to him, nowadays in Manado, there are many transportation facilities such as Manado-Bitung toll road, Manado-Bitung railway, Bitung port revitalization and expansion of Sam Ratulangi international airport.

Seeing the opportunities that exist, so no wonder many large developers who build a variety of property projects in Manado. Examples such as Citra Land Manado which sells a house unit at a price of Rp 750 million then there is also PT Wika Realty who builds Tamansari Metropolitan Residence on Jalan Ring Road II, Mapanget, Manado. One house unit there sold for Rp 900 million.

Then there is PT AKR Land Development building Kawanua Emerald City, which is a township area of ​​A.A Maramis Street, Kairagi Dua, Mapanget, Manado. One unit of the house there sold starting from Rp 500 million.

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