Property Business Prospects In Jabodetabek Still Bright, Housing Expert Says New IKN Can Balance Urbanization Rate In 50 Years

Illustration. (Photo: Doc. Antara)

JAKARTA - Housing and settlement expert M. Jehansyah Siregar assesses that the prospect of the property business in the Greater Jakarta area is still very bright and attracts many people. One of the factors is that the level of urbanization in the area is still very high.

"Urbanization in Jakarta and Bodetabek is still very fast compared to all other regions in Indonesia and the favoritism in the property business in Jabodetabek is the highest," he said in the FGD Dissecting Residential Property Development Opportunities in the Sunrise Area, quoted by Antara, Tuesday, June 21.

Jehansyah assesses that the property business is still prospective in the Jabodetabek area, which he calls the main choice for businessmen because it is the largest metropolitan area in the country. The prospect of Jabodetabek is still above the areas of Bandung, Surabaya and Medan (the second level of choice for business people) and Makassar, Batam, Palembang, and Semarang (the third level of choice for businessmen).

However, according to him, the Jabodetabek area has its own challenges, especially with the relocation of the new state capital (IKN) to East Kalimantan. The reason is, IKN Nusantara will be run by state authorities.

"So the challenge for Jabodetabek is not to lose to IKN Nusantara, which will be faster (construction and development)," he said.

Nevertheless, Jehansyah assessed that IKN and the East Kalimantan metropolitan area are only estimated to be able to keep pace with the urbanization rate of Jabodetabek as the largest metropolitan in Indonesia in the next 50 years. It happens a lot in Brasilia and other countries. But it could be fast too," he said.

Meanwhile, Head of Apindo for Property and Economic Zones, Sanny Iskandar, projects that the property market in Jakarta's buffer zone will continue to increase despite the relocation of IKN.

Properties in the Bogor, Depok, Tangerang and Bekasi areas will still develop because they have become buffer zones for the previous capital city. Especially with the support of the availability of complete infrastructure facilities and infrastructure.

The lands of former government offices that have been moved to the new IKN are also considered to be able to be used as commercial areas (central business district / CBD). "We don't need to worry because the needs are different, I think Jakarta and other buffer areas will still be commercial areas, business areas, tourism areas, which will continue to grow," said Sanny who is also the General Chair of the Industrial Estates Association (HKI).