Prospects of the property business in Indonesia, especially in Jakarta, classified Psangat bright. According to research Pricewaterhouse Coopers (PWC) and the Urban Land Institute (ULI), in 2013 in Jakarta, including the first order cities in the Asia Pacific region chosen for the investment property sector, defeating the city of Shanghai, Singapore, Sydney and Kuala Lumpur.
Jakarta also occupies the eleventh position on the world stage as a property investment destination. In fact, both institutions are projecting property market in Indonesia will enter the seventh world in 2021
Jakarta also occupies the eleventh position on the world stage as a property investment destination. In fact, both institutions are projecting property market in Indonesia will enter the seventh world in 2021
Jakarta and surrounding cities become the main magnet of investment in the property sector because of a slowing economy in China and India, as well as start the property market opportunities in Japan and Australia. Indonesia's economic progress which continues to grow in the range of 6 percent per year also encourage foreign investors to invest in the property sector homeland. Even three developers from Australia, New Zealand, and Hong Kong became interested in targeting the property market in Jakarta and several cities in Indonesia.
Prospects of property in Indonesia is getting brighter due to the high number of requests compared to the number of supply. Currently there is a shortage house (backlog) of approximately 15 million units. The average occupancy requests each year to reach 700-800 thousand units, but the developers are only able to provide the maximum supply of 400 thousand units per year. With the existence of such inequality, the prospects of the property obviously still very good. Indonesia now has 50 million middle-class society, which 1,000 people of which have assets of over 300 billion. Property in Indonesia is also interesting because this country is a producer of natural resource potential is incredible.
On the other hand, the development of the property business in the country is considered too fast so that is feared to be a bubble (bubbles) which at any moment might break and cause property crisis, even the economic crisis. Bank Indonesia worried over the increasing credit in the property sector which is growing rapidly at 30% per year. However, business people consider the properties of the phenomenon is still limited to a relatively positive booming. They claim that the property market is being good-good or are in a boom period because of high demand. The price offered was still reasonable, even tend to be low compared to other countries in the Asia Pacific region.
From the data available, the property sector is still far from signs of experiencing a bubble, because the demand is still high, the supply is still limited, and the price is still within reasonable limits. Property loans ratio to total bank credit was 14%, far less than the 1998 economic crisis, which reached 21%. Non-performing loans in the property sector is still low, at less than 5%. In addition, the portion of the property in the form of mortgage loans more dominant (80%) than construction loans (20%). It is different with the current state of the economics crisis in 1998 in which it mondominasi construction loans (80%) compared with mortgages that only around 20%.
Mortgage ratio to Gross Domestic Product (GDP) is less than 3%, far below Malaysia, which reached 27%, Singapore 45%, and the United States 68%. Nevertheless, the government still has homework, the foreign ownership rules were not yet settled until today. Another issue that also must be resolved is the legal status of the land is often unclear and overlapping, and permits are still convoluted. Although the current prospects of the real estate business is booming, but prudence still needs to be prioritized in order not to happen destruction of the property sector, which could trigger the economic crisis as had happened in Indonesia in 1998 or in the United States in 2008.
In
order to prevent the property crisis, Bank Indonesia (BI) to make
regulations about the ratio "loan to value" (LTV) which will apply from 1
September 2013. The rules were intended to control mortgage (KPR) and
Apartment Ownership Loan (KPA) in order not be used as a speculative tool that can harm the banking sector and the property sector. BI
banned banks extra credit, such as credit advances, as well as limiting
the granting KPR / KPA more than once for the same customers. Husband and wife will also be considered as a single debtor, unless husband and wife who have a separation agreement treasures.
BI is currently indicated activities began rampant property speculation tefutama for home purchases footprint size above 70 m2 that credit growth rate reached 45, l% as of April 2013. Many of the customers who got KPR / KPA more than one, there are even customers who got mortgages / KPA up to 12 housing units. The phenomenon needs to be suppressed to prevent property crisis and a banking crisis, and to prevent a surge in property prices that may reduce access to lower-class people to have a decent and affordable housing.
Banking consumer credit channeled to the property sector reached a total of Rp 263 triliundengan details: KPR area of over 70 m2 of Rp 98.3 trillion in mortgages spacious 22-70 m2 of Ro 109.6 trillion, mortgage spacious 21m2 Rp 21.3 trillion, KPA area over 70m2 of 4.5 trillion.
BI is currently indicated activities began rampant property speculation tefutama for home purchases footprint size above 70 m2 that credit growth rate reached 45, l% as of April 2013. Many of the customers who got KPR / KPA more than one, there are even customers who got mortgages / KPA up to 12 housing units. The phenomenon needs to be suppressed to prevent property crisis and a banking crisis, and to prevent a surge in property prices that may reduce access to lower-class people to have a decent and affordable housing.
Banking consumer credit channeled to the property sector reached a total of Rp 263 triliundengan details: KPR area of over 70 m2 of Rp 98.3 trillion in mortgages spacious 22-70 m2 of Ro 109.6 trillion, mortgage spacious 21m2 Rp 21.3 trillion, KPA area over 70m2 of 4.5 trillion.
With the LTV rule, consumer interest in buying property is expected to be reduced. Advances for KPR / KPA for the second and subsequent units will be set greater. For
example, the first home mortgage down payment types specified above
70m2 30%, 40% second home, while the third house and beyond 50%. REI tried to anticipate LTV to encourage consumers to buy a house in cash (cash-installment) or in cash-direct (hard-cash).
In the 2009-2012, speculative property reaches 45% of the total pen] ualan property, while property investment activity reached 35%, and alsanya (20%) live alone by the end user. LTV policy considered too late because at this time the property has entered a period of slowdown in price increases. Moreover, the portion of the sale of upper-middle-class property is very little, which is only 30000-50000 units per year. In 2013-2014 is predicted to shift the composition of the purchase of the property, which is 30% speculation, investment of 45%, and end users 25%
The development of real estate business more rapidly with the progress of the Indonesian economy. Foreign investors are interested in investing in the property sector in the country, by buying the product properties or purchase securities of property companies nationwide. Local investors grabbing no less nimble investment opportunities in the property. Several explanations were offered regarding the advantages to invest in the property sector, one of which is due to ever-increasing asset values of its properties with the passage of time.
Although there are still many problems that convolute the real estate business, but it does not diminish the interest of developers and contractors to continue to build housing and other property products in the country. Currently the community is also increasingly freely buy property products because of credit facility (KPR and KPA) offered by banks. The Government through the SMF has also issued Property Asset Backed Securities (ABS Property) which can be traded in the capital market.
In the 2009-2012, speculative property reaches 45% of the total pen] ualan property, while property investment activity reached 35%, and alsanya (20%) live alone by the end user. LTV policy considered too late because at this time the property has entered a period of slowdown in price increases. Moreover, the portion of the sale of upper-middle-class property is very little, which is only 30000-50000 units per year. In 2013-2014 is predicted to shift the composition of the purchase of the property, which is 30% speculation, investment of 45%, and end users 25%
The development of real estate business more rapidly with the progress of the Indonesian economy. Foreign investors are interested in investing in the property sector in the country, by buying the product properties or purchase securities of property companies nationwide. Local investors grabbing no less nimble investment opportunities in the property. Several explanations were offered regarding the advantages to invest in the property sector, one of which is due to ever-increasing asset values of its properties with the passage of time.
Although there are still many problems that convolute the real estate business, but it does not diminish the interest of developers and contractors to continue to build housing and other property products in the country. Currently the community is also increasingly freely buy property products because of credit facility (KPR and KPA) offered by banks. The Government through the SMF has also issued Property Asset Backed Securities (ABS Property) which can be traded in the capital market.
With a very large population, Indonesia is a potential market for products marketing the property. The
developers and contractors have managed to build a wide range of
property products, such as simple houses, luxury homes, townhouses (town
house), cluster homes, home store (shop), home office (home office),
simple flats (rusunami, Rusunawa), apartment,
condominium, condotel, hotel, hotel strata, motel, villa, modern shops
(minimarket, supermarkets, hypermarkets, wholesalers, specialty stores),
shopping centers (malls, plaza, square, trade centers, shops),
superblock, offices, factories , warehouses, and others.
No property products destined for Upper-Income Communities (MBA), Middle-Income Communities (MBM), and the Low-Income Communities (MBR). The government provides low-income housing facilities, such as construction Cheap houses for Rp20-25 million per unit, and Rusunawa Rusunami development, and the provision of Housing Finance Liquidity Facility (FLPP). With FLPP, people can enjoy cheap mortgages flowering (less than 10% per year) and long term (15 years or over).
No property products destined for Upper-Income Communities (MBA), Middle-Income Communities (MBM), and the Low-Income Communities (MBR). The government provides low-income housing facilities, such as construction Cheap houses for Rp20-25 million per unit, and Rusunawa Rusunami development, and the provision of Housing Finance Liquidity Facility (FLPP). With FLPP, people can enjoy cheap mortgages flowering (less than 10% per year) and long term (15 years or over).
Source: http://memulaibisnisproperti.com/prospek-bisnis-properti-di-indonesia
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