JAKARTA – middle-class apartment market capitalization is estimated to touch USD 192 billion in the span of five years, from 2013 to 2017. These segments are the apartments are priced under $ 1 billion per unit.
“apartment Capitalization middle and lower middle in the range of 2013-2017 reached Rp 191.9 trillion. That figure is equivalent to about 60% of the capitalization of the apartments, which reached Rp 319 trillion, “said property analyst Torushon Simanungkalit, when contacted by Investor Daily in Jakarta, Friday (2/12).
He added that the middle segment is quite attractive because the price offered relatively affordable middle class. On the other hand, an increasing number of middle class is also growing significantly since 2010. The middle class is predicted to rise to 135 million in 2030 compared to 55 people at this time.
Meanwhile, Managing Director Ronald Wihardja Megapolitan Developments Tbk, said high-potential middle segment as demand much.
He gave an example, the company’s project in the CBD apartments Centro Cinere. In Cinere, Cloud tower already sold 80%. Therefore, Megapolitan proceed with Sky Tower project, which was launched in late November 2016. “At Cinere we have recently launched Sky Tower in the CBD Centro Cinere with about 500 units,” he told Investor Daily, when contacted from Jakarta, Friday (2 / 12).
He is optimistic, in 2017, demand for apartments gradually improved. The condition begins with projects in locations that receive infrastructure improvements.
Edo Rusyanto / EDO
Investor Daily
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