Consultant: Request For A Tapak House In The Medium Sector To The Bawang Sector Still Shows A Positive Trend
JAKARTA - property consulting firm Jones Lang Lasalle (JLL) stated that the demand for landed houses in Indonesia, especially in the lower middle class sector, still shows a positive trend.
JLL Indonesia Head of Research Yunus Karim, at a press conference in Jakarta, Monday, May 13, said that the request for landed houses at a price below Rp. 2 billion was the best-selling.
According to him, citing JLL's latest data, as much as 80 percent of total home sales in large-scale housing with an area above 200 hectares were below IDR 2 billion.
"Indeed, the market is in the price range like that. Approximately 80 percent (sales) the price of the house is up to Rp. 2 billion, and about 70 percent for houses whose prices are up to Rp. 1.2 billion," Yunus explained, quoted from Antara.
The high demand was driven by several factors, one of which was price affordability.
Yunus said that the developer responded to the request by launching various landed house products at various prices and focusing on the lower middle to lower segment.
"Developers also respond to that, they make not only one product, but they can make various kinds of products, and many in the (low middle) segment," he said.
He added that the housing market is currently still relatively healthy despite concerns regarding the increase in the benchmark interest rate of Bank Indonesia (BI).
JLL sees developers actively launching new clusters on existing housing projects.
In fact, cities that were previously quiet in property marketing have now begun to introduce new settlement clusters.
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Not only that, Yunus said the high demand for landed houses was also inseparable from the government-borne value added tax incentive (PPN DTP) for the purchase of new houses.
After being enforced in 2021 and 2022, this policy will resume in November 2023 to December 2024.
The DTP VAT incentive was given based on the imposition of taxes of up to Rp. 2 billion, which is part of the maximum selling price of houses of Rp. 5 billion.