JAKARTA - Ready-to-live apartments in Jakarta that have not been sold are beginning to seek solutions.
The developer is now exploring a sales scheme with a more affordable price through cooperation with the DKI Jakarta Provincial Government (Pemprov) so that the row of units can be immediately inhabited.
Chairman of the DKI Jakarta Real Estate Indonesia Regional Leadership Council (DPD REI) Arvin F. Iskandar explained that a number of apartments that are currently not absorbed by the market are actually ready to be occupied.
"We are working on this with the DKI Provincial Government, apartments that have not been sold but are ready to be occupied, can be sold at non-commercial prices, according to the needs of the community," he said after the Go Public Workshop entitled 'Solutions for Accelerating Non-bank Funding through the Capital Market' at the Indonesia Stock Exchange (IDX) office, Jakarta, Monday, February 23.
Arvin assessed that the price offered will not follow the scheme of simple shared housing (rusunami) or the low-income community (MBR) category, but is at a more economical level than commercial prices.
The developer will provide a price subsidy so that the apartment unit can be reached by the community with an income level equivalent to the DKI Jakarta provincial minimum wage (UMP).
"We developers at REI DKI are trying to subsidize the price, so that it can be more achieved for an economical price according to the UMR applicable in DKI Jakarta," he said.
According to him, discussions regarding the scheme have been carried out with the DKI Jakarta Housing Service.
In addition, REI also discussed with the Ministry of Housing and Settlements (PKP) regarding the opportunity to utilize ready-to-live apartments through the plan to establish the People's Housing Development Acceleration Agency (BP3R).
The scheme is not only intended for apartments in Jakarta, but also has the potential to be applied in the Jabodetabek area and other areas that have ready-to-live apartment units, but have not been absorbed by the market.
He said, developers are willing to squeeze profit margins in order to accelerate the absorption of units and meet the housing needs of the community.
"For the sake of the people, the developers will not give any big or small profits. It is not a loss, but a subsidy is given by the developers," he added.
Through this scheme, developers hope that a row of apartments that are currently uninhabited can be sold at a more affordable price while increasing the occupancy rate in urban areas.
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