Survey, Property Purchase Increase Despite Purchase Power Down

By : Ahmad Fadli And Aldi Firhand. A | Monday, August 28 2017 - 15:15 IWST

Country General Manager Rumah123.com, Ignatius Untung (Foto Ridwan)
Country General Manager Rumah123.com, Ignatius Untung (Foto Ridwan)

INDUSTRY.co.id - Jakarta - Although there is a tendency to weaken the purchasing power of the public, but it did not affect the property market. The secondary property market is still considered to enjoy growth during the first semester of 2017. The increase in secondhand transaction is reflected in the transaction record at Properti123.com.

Country General Manager of Rumah123.com, Ignatius Untung said, there is a lack of news that mentions the purchasing power of the people down with data owned Rumah123.com which recorded a growth in property sales. "This is reflected in the increase in house search on our site good, new product listings and quantities sold," said Untung, last weekend.

Search trends on Rumah123.com website in the first half of 2017 increased 48.3% in the same period last year. Meanwhile, if you look at the performance of the second half of 2016 search on this site on an increase of 64.95%.

Data Rumah123.com shows that searches in Bintaro, Kelapa Gading and Bumi Serpong Damai (BSD) make these three areas a favorite area. As for the non-Jabodetabek area, namely Antapani Bandung, Citraland Surabaya and Dago still superior.

Not only from searching, mortgage submission also looks increasing with the trend is also interesting. The mortgage application is dominated by the age of 30-39 years. Approximately 46.8% of mortgage applicants are in the age range, of which 16.47% of them earn Rp 5 million-Rp 9 million per month.

With the average income, the most targeted credit ceiling maximum 250 million. The next position is still occupied by consumers in the same age range but has an income of Rp 10 million-Rp 19 million. The credit ceiling targeted by this group is Rp 250 million-Rp 500 million.

Interestingly, there is a trend that makes a large income investing in middle-class properties. At least 5.72% of consumers who earn above Rp 50 million per month also apply for credit with a maximum ceiling of Rp 250 million. "There is anomaly in the salaried segment of Rp 50 million and above" said Untung.

The identification of an increase in property transactions is also seen from sold listings. The average growth of sold list per month for rental and selling properties since the second half of 2016 until the first half of 2017 reached 7.4%. Especially for property selling, the average growth of 6.6%. So what's wrong with purchasing power?

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…