Property Finders At IKN Are Dominated By The Young Generation

Illustration (Photo: Doc Antara)

JAKARTA - The results of a Rumah123 property portal study related to the property market trend in the Capital City of the Archipelago (IKN) revealed that property seekers in the IKN area are dominated by the younger generation.

Head of Research Rumah123 Marisa Jaya said, during the January-April 2024 period, property seekers in the IKN area were dominated by the younger generation with an age range of 18-34 years, with details in Balikpapan (56.9 percent), Kutai Kartanegara (71.4 percent), Penajam Paser Utara (48.5 percent), and Samarinda (56.4 percent).

The proportion of property seekers in the 35-64 year age range also looks quite significant, such as in Balikpapan (42.8 percent), Kutai Kartanegara (28.6 percent), Penajam Paser Utara (51.5 percent), and Samarinda (43.6 percent).

"The interest in the IKN project is a significant factor in attracting the interest of the younger generation in finding property in the area," he said as quoted by ANTARA, Friday, July 19.

This generation, which generally always follows the latest developments, wants to know more about the prospects and developments of the big IKN project.

"They are also interested in seeing the projects to be built in IKN and what the prospects for the development of this region will be in the future," said Marisa.

In addition, he continued, some of them also see IKN as an investment opportunity for property.

In this context, the younger generation who already have strong financial power is looking for investment loopholes in new areas with high growth potential.

"They may see the area around IKN as an area that has a great prospect of increasing property value in the future, especially considering various infrastructure development projects to planned public facilities," said Marisa.

The demand for property in the IKN area is dominated by landed houses and land. The younger generation (age 18-34 years) became the largest interested group, they were interested in finding property based on curiosity about the development of the IKN project to investment prospects.

The majority of enthusiasts came from the IKN and Jakarta areas, with preferential housing prices varying from middle to middle to upper class.

In terms of the profile of the origin of the search in the four areas, demand is dominated by residents who come from around the IKN and Jakarta areas.

In Balikpapan, the highest property seekers came from the city itself (29.9 percent), Jakarta (21 percent) and Samarinda (13.2 percent).

Meanwhile in Kutai Kartanegara, the demand came from Jakarta (23.4 percent), Samarinda (15 percent) and Balikpapan (10.5 percent).

In North Penajam Paser, the highest demand also came from Jakarta (31 percent), followed by residents from Balikpapan (9.5 percent) and Samarinda (6.1 percent).

In Samarinda, the largest demand comes from its own citizens (39.3 percent), followed by Balikpapan (19 percent) and Jakarta (13.7 percent).