Property Magazine Indonesia (MPI) November 2016 issue of lowering the reviews about the prospects of investment apartments in the property market has not improved. However, developers are still optimistic with vertical residential launches in the second half of 2016. The optimism the recovery of macro-economic conditions become market indicators will be re-excited to be immediately arrested.
Beginning the second half of 2016, the property industry in the country has not improved. Despite earlier observers foresee any positive movement after various stimulus raised. It turned out that people still unmoved to invest in the property sector, particularly Apartment.
Entering the third quarter of 2016, it was the demand for vertical housing in Jakarta is still quiet. Based on the record of the property consultant Colliers International, the growth of sales of apartments in Jakarta only reached 0.2% compared with the previous quarter.
Senior Associate Director of Colliers International Indonesia Ferry Salanto revealed, declining interest in buying fire extinguishers friends finally make an pertumbuh price apartments in Jakarta slowed. Growth in property prices in the third quarter only reached 4.6% compared to the same period last year.
Though usually rise in apartment prices could reach 10%. “Besides being lonely buyers, factors abundant supply of new apartments to be one of the factors why the price of apartments is slowing down. In Jakarta in the 3rd quarter of 2016, there were about 3,317 units of new apartments, so the total apartments in Jakarta today reached 171 014 units, “he said.
Meanwhile, according to Lilly Tjahnadi, Proper ty Business Consultant, today sectors of the property industry is the lowest point. It is characterized by declining demand for property and declining property prices. Just like a spinning wheel, the property market has the property cycle, the cycle lasts for 5 years, and the top pro like domestic business will occur later in 2018.
“I believe the year 2018 will rise again like a pro, especially now that the government has a lot to issue new policies and their impact will be felt in 2018, “said Lilly to Lamudi.co.id.
For investors, Lilly added that the actual lowest moment as it is today is the perfect time to buy a property. Because at this time, usually developers will sell their products at a cheap price.
If consumers buy a property now, then they will be lucky because they can sell it for many times in the current condition of the property has been returned. This is certainly a major consideration for developers. Based on the expected timeframe, if developers began launching a new project now. So when the building is already standing has entered the golden age of the property. This is certainly an added value for investors.
Not to mention, according to Director of PT Lippo Cikarang Tbk. Hong Kah Jin, property sales are usually crowded at the end of the year. He was optimistic with the introduction of the tax amnesty policy and credit easing from Bank Indonesia, the property industry will be to grow until the end of this year. Optimism is also indicated by PT Summarecon Agung Tbk. at the end of this year. Adrianto P. Adhi, Director of Summarecon call sales until the end of the year will begin to climb.
Driven by a stimulus such as a decline in lending, loan to value policy relaxation, until the abolition of the ban pivot credit for both credit facilities. Ferry projecting new Jakarta apartment market will stabilize and reach equilibrium point at one year to two years ahead. So it is not surprising that developers are back aggressively launching new projects. Because until 2020, there will be a projected increase the supply of 77 128 units to be completed in Jakarta.
mpi-update.com
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