The Competitive Market Condominium

Competition in the years 2012-2013 the condo market is increasingly competitive. It was marked by intense competition that is not only the construction of condominiums in the area of ​​Jakarta, but the more spread out like in Jakarta, Bogor, and Depok.Head of Research & Advisory at Cushman & Wakefield PT Indonesia, Arief Rahardjo, in a discussion on "Prospects and Investment Condominium in 2012" in Jakarta, Monday (5/14/2012), said this year's supply of condominiums will increase by 20,000 units. This will further increase the supply of condominiums in Jakarta markets that affect the level of unit sales.Arief said the demand for condominiums in Jakarta could be increased due to the trend were living in a vertical as well as buyers increasingly require complete facilities in the region. At present, he said, to stay at home footprint in premium areas in South Jakarta, like New Kebayoran, Pondok Indah, or Kemang is very difficult. These difficulties could be due to the land becomes more scarce and the price is more expensive."In 1980-1990, 70% percent of the condos purchased by investors, 30% enduser. But, now condos investor purchased 50% and 50% enduser, especially condominiums in the CBD," he said.He added, despite the addition of supply, in 2012 - 2013 occupancy rates have fallen. Decrease in occupancy rate is predicted to reach 55% - 60% from 2011, reaching 60% - 65%."The decline in occupancy rate is indeed the case, but sales remained stable. In 2012-2013, pre sale reaches 67% and 95% of sales projections," he said.