2013, The Condominium Market Competition Loud!

Trends condo prices continue to rise in line with rising land prices in Jakarta. Closing the year 2012, the average selling price of condominiums in the CBD area reached Rp 24,837,060 per m2, up 3.3% k / k. While the average price of condominiums in the area of ​​primary recorded at Rp 23,469,819 per m2, up 3.2% compared to last quarter.Chicago REO properties Similarly, Cushman & Wakefield research on Jakarta Property Market in Quarter 4 of 2012 and 2013 prospects are delivered Dharmesti Sindhunatha Associate Director of Marketing & Communications and Human Resources, Cushman & Wakefield Indonesia in Jakarta, Thursday (13/12/2012). Research notes, condominium sales activity in the area around Jakarta is expected to continue to rise in 2013 due to demand from buyers comprising investors and end-users are still high. Next year, as many as 57,318 condo units expected to be launched into the market. This will make the competition tougher market. Today, many developers are offering booking unit during pre-launch, which will encourage consumers to buy a condo with large quantities. More creative sales strategies, such as auctions unit apartment on the day of the launch of the new condos, a lot of offer. This is due to more selective, potential buyers will choose the product with the best value for money. As mentioned previously, the inauguration of the new Governor of Jakarta in October has brought some changes to the rules relating to urban planning in Jakarta. There is the issue of restructuring the slums of Jakarta to be a multi-storey residential building complex is predicted to impact the performance of the condo market, especially for projects lower-middle class. However, the issue has not had a significant impact in the fourth quarter of 2012. Woke condominium sales activity and upcoming markets remained relatively stable.