Yogyakarta – Chairman of Real Estate Indonesia (REI) Special Region of Yogyakarta (DIY), Nur Andi Wijayanto, say, business is still sluggish property until the end of 2016.
“Sluggish business conditions of the property, making sales target of 2,200 homes this year difficult achieved, “he told reporters in Yogyakarta, on Thursday (15/12).
trend remains low property business in Yogyakarta, he said, partly because most of the customers who have a background of work in the mining and industrial sectors based commodity slows down.
“the condition of lethargy is influenced linearly with the conditions of weakening commodity prices that is currently happening,” said Andi.
He said, as of September 2016 home sales by developer member REI below 1,000 units, still far from the target of this year reached 2,200 units.
According to him, the reduction or contraction in the property sector by 30 percent to 40 percent-supply by the house at a price of Rp500 million and above. As for the home segment middle to lower the price of 300 million down, including for home subsidies / FLPP not experience significant contraction.
In fact, according to Andi, if seen from the data supply of properties in the province on the terms of the segmentation of the market, prices home 500 million to the bottom (middle low) only reached 15 percent. While the house at a price of Rp500 million to Rp 1 billion (middle-up) up to 65 percent, and the house at a price of Rp 1 billion to reach 20 percent.
“The formation of the structure of supply in the province as it was because one of them because of the price of land is enough high, “he added.
/ FER
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