Surabaya Property Market Still raging


SURABAYA, KOMPAS.com – Who says the property market slumped Surabaya? This assumption is completely wrong. Proven two issuers Intiland Development Tbk and PT Ciputra Surya Tbk gain significant sales.

Chief Operating Officer and Vice President Director of PT Intiland Sinarto Darmawan said, the company experienced a special condition that contrary to the general conditions.

“in 2014 fell, as well as in 2015. However, this year our achievement is actually good. Compared to other developers, we are better,” said Sinarto by Kompas.com (7/1/2/2016).

Intiland Sales in City of Heroes has reached 90 per cent of the target of Rp 1.1 trillion by the end of 2016.

According Sinarto, passion Listing Surabaya fueled economic growth reached 8 percent, or above national economic growth.

“growth in the property reaches 10 percent to 15 percent,” he said.

The biggest contributors to the acquisition Intiland in the capital of East Java is derived from residential, good tread, and vertically.

Currently they market the apartments Sumatera 36, ​​The Rosebay, Graha Golf and Graha Natura in Surabaya West.

Special conditions are also recognized Director of PT Ciputra Surya Tbk Sutoto James. According to him, for a certain segment of the market it is very good Surabaya.

This was evidenced by the sale of clusters North West Lake in housing CitraLand Surabaya. Only a day release, the entire 989 units sold out.

Unlike other cluster size large, North West Lake designed smaller at an affordable price. For the size 5×12 square meters has been set at 700 million and the dimension 9×15 square meters worth USD 2 billion.

“This product to accommodate market segment first home buyers are in fact a young family. The market trend is indeed small size, because the more expensive land prices, “said Sutoto to Kompas.com, Friday (09/12/2016).

Indeed, the success of selling small type is not the first time the company experienced. Last year, they launched the North West Park.

A total of 1,000 units are offered with prices starting at US $ 750 million was sold out in a short time.

success story, according to Associate Director of Ciputra Surya Andy Soegiardjo not apart from ease of payment.

“We are implementing a cash advance or cown payment (DP) of 40 percent can be paid in installments of up to 3 years. the rest can be paid by credit (mortgage) or cash,” said Andy.

in addition to the house footprint, this year Ciputra Surya also markets Cornell, and Denver. This is a cheap apartment with serentang price of Rp 450 million to Rp 500 million.

Around 416 units of Cornell offered, sold out in just 2.5 hours. Likewise with 453 units of Denver.

Of these projects, Ciputra Surya sales gain of Rp 1.780 trillion.

“Next year we will focus on the realization of the construction of the North West Lake, North West Park, Cornell, and Denver, and other projects in the CBD CitraLand,” said Sutoto.

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