Housing-Estate.com, Jakarta – Until the third quarter of 2016 the cumulative supply of apartments flushing the market reached 171 014 units. According to Ferry Salanto, Senior Associate Director of PT Colliers International Indonesia (CII), a research company and property management, until the end of 2016 will still be a supply of apartments up to 7117 units will be handed over.
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“The total supply of apartments throughout the year 2016 reached 21 224 units. This amount could be absorbed reaching 86.9 percent and of course we hope that this achievement can be kept stable as economic indicators are also steadily improving trend, “he told housing-estate.com in Jakarta, Wednesday (2/11).
From the price, Ferry also mentioned the situation has been more stable and no longer volatile. This is because the developers did not dare to take the strategy of price increase given the market a more selective action other than to wait and see. Increasingly limited number of units coming into the market also made in terms of prices become more stable.
Some relaxation program issued by Bank Indonesia (BI) has also made the market more excited at the end of 2016. Policy relaxation loan to value (LTV), remission of taxes (tax amnesty), the flowers are relatively stable and well maintained, has begun to feel the impact, and it is predicted to be increasingly felt in the period of 2017.
“The government continues to spend favorable policies while keeping the property sector is maintained in terms of stability. This in turn will create a more healthy growth and sustainable for the apartment sector as well as other property sectors, “he concluded.
housing-estate.com
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