Over sale Condotel in Cities Tourism

The development of condotel or condo hotel market prospective in cities outside Jakarta that have tourism potential, as in Bandung, Bali, Solo and Yogyakarta. Condotel is oriented on the availability of accommodation in tourist destinations.
"Condotel outside Jakarta has a different buyer profiles, especially in Bandung, Bali, Solo and Yogyakarta as a tourist destination," said Arief Rahardjo, Head of Research & Advisory at Cushman & Wakefield PT Indonesia in a discussion on "Prospects and Investment Condominium in 2012 "in Jakarta, Monday (14/05/2012).
Arief said the condo hotel concept in many tourist spots targeted by investors. Furthermore, the investor will lease or resell the dwelling.
"The development of high Condotel here, because obviously the target market and high demand levels," he said.
Special deals, up Arief, condotel rentals not only for tourism purposes, but also targeting the housing needs of the students. While in other major cities such as Surabaya and Medan, Condotel developments grow, but not for growth Condotel in Jakarta.
"Surabaya and Medan orientation for businesses such as Jakarta. However, development is not much because there are still many steps, or landed housing," he said.
Evie Susanti, Associate Director of PT. Property Service Leads Indonesia said the condominium development in Jakarta is still much centered in South Jakarta and Central Jakarta. Condominium in South Jakarta is still popular because of its target market of expatriates, while in Central Jakarta in demand because of its location close to the golden triangle of Jakarta. In recent years, condominiums have grown up in the satellite cities such as Jakarta, Bogor, and Depok.