The third quarter of 2016, the investment climate in the property sector is in fact still a significant advance. Some sub-sectors both sales and leasing property, gain is still far below the growth in the supply of properties.
Property Magazine Indonesia (MPI) edition November) to discuss in full along with a number of competent resource persons. Among them Director of Research Colliers International Indonesia, Ferry Salanto who see a trend that is going on, the condition of the property market entered in a time of buyer’s or tenant’s market, ie a market condition that puts a buyer or tenant at a higher bargaining position.
This condition means that the buyer can negotiate the price as low as possible until the desired agreement. That is because the current supply of properties mainly for office space, and apartments showed the phenomenon of excess supply (oversupply)
while demand continues to weaken.
In line with Colliers, Jones Lang LaSalle (JLL), represented Head of Advisory JLL Indonesia Vivin Harsanto, said that although there is still like conditions in previous years, but the developer and consumer property sector is now more active indicating sluggishness of the property began to change.
“Although it has not been marked by a significant increase , both developers and consumers look more active than the previous quarter, “he said.
According to him, the macro economic sluggishness gradually improved rated unable to generate a positive sentiment towards the property business keselu totality of. For that, business people like a pro is expected to always come up with new strategies as the competition will be more competitive.
JLL Indonesia Country Head Todd Lauchlan added that within a few instead of forwards, a number of activities that occur in the country will be able to stimulate the real estate business into a better direction.
In different occasions, the Senior Associate Director of Office Services at Colliers International Indonesia Ricky Tarore revealed, see the condition of this market, there is an opportunity that should be utilized by property investors.
He was optimistic that today is the most favorable time to buy property. Ricky reasoned, developers incentive to provide attractive offers like discount price, ease of payment, as well as other facilities that can be selected consumers. When various policies to support the revival of the property sector started to work well, prices will slowly but surely creeping up.
“in the form of policy relaxation of LTV 85%, interest rates are already at the level of 5.25%, ease licensing, taxes are low and the latter is a tax amnesty, “said Ricky. Prices will come back crawling up, he added, about the second half of 2017, in line with the market excited again due to improvements in purchasing power and liquidity ability of developers to build the property. MPI / MRR. The digital version can be accessed via MPI http://ift.tt/2eatRRo or http://ift.tt/2ewFNxN more practical and more economical .
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