Property Growth Tripped election

                            

JAKARTA- predicted property market soared in the second half of 2017 with growth of 20% compared to a year earlier. Now, the property sector detained for their political celebration ownership of regional heads (elections) simultaneously February 15, 2017.

“Actually the property has begun to recover, but because the property is vulnerable to security, we expect the election situation affects the growth of the property, especially Jakarta. We expect the property to grow rapidly begin the second half of 2017, “said Chief Executive Officer (CEO) of Indonesia Property Watch (IPW) Ali Tranghanda in the event Rumah.com Indonesia Real Estate Summit 2016 in Jakarta, Thursday (8/12).

Ali said, in fact the property market has begun to grow at this time, given the property previously slowed down drastically. Later this year, the property should have already started to rise.

“But because of the political and security situation unstable due to growth election delayed until next June,” he said.

Some booster increase in the property, said Ali, among which is the commitment of President Joko Widodo to boost the development of infrastructure such as toll roads. The project, among others, the toll Becakayu, Cimanggis Cibitung, Trans Sumatra, and Makassar toll-Manado. Then, the construction of the LRT, railways, dams, ports and others.

In addition, he said, the government’s policy of tax amnesty, easing LTV, tax relief, and foreign ownership.

                            
                            
                            

                                   

                            

Imam Muzakir / EDO

                            

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