2017 Construction value of Residential Translucent Rp 69 Trillion

JAKARTA – BCI Asia predict the value of residential property construction touched USD 69.3 trillion in 2017. Jabodetabek be the largest region, contributing around 57% of the total value of construction. Two other largest region is the East Java (18%) and West Java (6%).

In front stretching property industry, particularly the residential sector is still quite strong, even become an engine of growth. There are a number of factors, among others, is still high demand for housing and the birth of a number of government policies considered supportive. Starting macro policies to micro like trimming permitting the construction of housing.

“The value of construction of residential accounted for most of the total construction value in 2017, ie approximately 38% of total construction in 2017 which we estimate to Rp 423 trillion,” said Country Manager BCI Asia Indonesia Agus Dinar, to Investor Daily in Jakarta, recently.

The high value of construction in Jakarta, Bogor, Depok, Tangerang, and Bekasi (Jabodetabek) supported by meruyaknya development of integrated property (mixed development) and the readiness of the infrastructure that enables easy accessibility.
He explained that the company is optimistic that 2017 residential sector increasingly passionate. In fact, it can be a turning point for the property entered the peak period of 2018 to 2020. “Of course, the origin supported macroeconomic factors and stable security,” he said.

Now, he stated, macroeconomic conditions are good enough, such as the BI rate has been good, lending fell, GDP was pretty good, and low inflation. All of it will help menggeliatnya residential property writhing in 2017. “We also expect in 2017 the value of residential construction will be the same as in 2016. Although, at this time our initial forecast is no weakening of 9%,” he said.

Research Assistant ManagerBCI Asia cahyono Siswanto. adds, many the presence of foreign developers in cooperation with national developers could be akselelator housing sector in particular vertical housing for the income group above.

“Most expected to start construction around the end of 2017 or 2018, depending on the realization of the pre-sales marketing its , “he said.

Edo Rusyanto / EDO

Investor Daily

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