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Property Prices in Indonesia are Stable
The easing of Covid-19 cases in the second quarter of 2022, fosters optimism in the property industry. This is triggered by consumers returning to search for property, both for residential and investment purposes.
Based on data from the Indonesia Property Market Index for Q1 2022, the property price index in Indonesia is stable after experiencing significant growth in Q2 2021 by 2.29 percent (quarter-to-quarter) and Q3 2021 by 1.79 percent (quarter-to-quarter).
This situation was caused by slower growth in landed house and apartment prices in Q4 2021. Meanwhile, the property supply index fell by 2.15 percent on a quarterly basis.
The index shows that property prices are stable and there is a decline in property supply. However, demand is increasing. Measures to contain price and supply increases are anticipatory steps for supply providers or sellers to the annual property market cycle.
Although the government plans to increase the price of subsidized housing in 2022 and the increase in a number of building materials such as cement, steel, and aluminum due to the wars between Russia and Ukraine, it has not affected the commercial price index. Various government stimulus for the property industry is able to make consumers more confident in making decisions to buy property.
Indonesia Property Market Index Q1 2022 data shows an increase both quarterly and annually in terms of prices throughout 2021, although the trend shows a slowdown in the 4th quarter of 2021.
The slowdown still looks normal, in line with the annual cycle where supply providers anticipate consumer activity to focus more on spending on holidays and consumer goods spending. According to the annual cycle, it is estimated that the trend of prices, supply and demand will increase again in 2022.
Doc : apartemen-jakarta
Source : Bisniscom, apartemen-jakarta
Based on data from the Indonesia Property Market Index for Q1 2022, the property price index in Indonesia is stable after experiencing significant growth in Q2 2021 by 2.29 percent (quarter-to-quarter) and Q3 2021 by 1.79 percent (quarter-to-quarter).
This situation was caused by slower growth in landed house and apartment prices in Q4 2021. Meanwhile, the property supply index fell by 2.15 percent on a quarterly basis.
The index shows that property prices are stable and there is a decline in property supply. However, demand is increasing. Measures to contain price and supply increases are anticipatory steps for supply providers or sellers to the annual property market cycle.
Although the government plans to increase the price of subsidized housing in 2022 and the increase in a number of building materials such as cement, steel, and aluminum due to the wars between Russia and Ukraine, it has not affected the commercial price index. Various government stimulus for the property industry is able to make consumers more confident in making decisions to buy property.
Indonesia Property Market Index Q1 2022 data shows an increase both quarterly and annually in terms of prices throughout 2021, although the trend shows a slowdown in the 4th quarter of 2021.
The slowdown still looks normal, in line with the annual cycle where supply providers anticipate consumer activity to focus more on spending on holidays and consumer goods spending. According to the annual cycle, it is estimated that the trend of prices, supply and demand will increase again in 2022.
Doc : apartemen-jakarta
Source : Bisniscom, apartemen-jakarta
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