JAKARTA – The value of the property market in 2017 is estimated to increase by about 15% to about Rp 318 trillion. Residential segment is still the muscle of the property business growth in the country.
A number of macro and micro economic factors rated sustain growth in the property industry in 2017. That factor, among others, the impact of the remission of tax policy (tax amnesty), the birth of trimming licensing regulations residential development, and a decrease in bank interest rates.
“capitalization is national property in 2017 is estimated to reach Rp 318 trillion, an increase of 15% compared to 2016 which reached Rp 277 trillion,” said property analyst Torushon Simanungkalit, to Investor Daily, when contacted from Jakarta, Wednesday (2/11).
He explained that the residential segment, namely apartments and housing was the biggest contributor, reaching 55.8% of the capitalization of national property. The rate of growth in market capitalization value of occupancy reached 16.5%, from Rp 152.7 trillion to Rp 177.9 trillion in 2017.
According to him, there are a number of factors that lead to increased value of the property market capitalization 2017. Factors Factors include bank interest rates are getting lower and is expected to reach single digit and easing loan to value (LTV). Then, the increase in domestic consumption due to both market demand and also increasingly konsennya government to suppress backlogyang now reaches 13.5 million homes, particularly for low-income communities (MBR).
In addition, the tax amnesty program (tax amnesty ) the first stage is considered successful can increase investor confidence in Indonesia to invest, particularly in the property sector. “Another factor is the improved licensing. As well as the eradication of extortion and government policy to increase public housing budget increased compared to previous years, “said Torushon.
Edo Rusyanto / EDO
Investor Daily
beritasatu.com
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