Trends and Potential of the Used Home Market in Jakarta, After Releasing the Status of the Capital City to IKN
PropertiTerkini.com, (JAKARTA) — The July 2024 edition of Rumah123 Flash Report reveals a number of interesting facts about the trends and potential of the used home market in Jakarta after relinquishing the status of the capital city to the Capital City of the Archipelago (IKN) in East Kalimantan.
The data also shows that Tangerang is the most popular area with a popularity of 15% of the total home listing inquiries in Indonesia in July. Followed by two areas in Jakarta, namely South Jakarta (11.3%) and West Jakarta (10.5%).
Ahead of the plan to move the capital city to IKN, Rumah123 also reveals the latest trends and potential of the housing market in Jakarta in the future.
Rumah123 Head of Research, Marisa Jaya, said that this month the annual popularity growth is still led by cities in Jakarta and its surroundings.
In June 2024, he said, the growth in demand (inquiries) for rented houses in Jakarta grew by 59.8% and houses for sale by 114.9% annually.
"Overall, the growth in demand for landed houses in Jakarta in June was recorded at 90.1% annually," he said.
Most Popular Searches for Second-hand Houses in South Jakarta
In terms of price, when compared to surrounding satellite cities, such as Tangerang, Depok and Bogor, price growth in Jakarta is relatively stagnant.
Throughout Semester I 2024, the growth in housing prices in Jakarta each month ranged from 0.8% to 1.4% annually, tending to be low compared to other cities, such as Bogor which ranged from 4.6% to 7.7%.
There are a number of reasons why Jakarta recorded price stagnation compared to other cities in Jabodetabek.
First, Jakarta is one of the largest centers of economic and business activity in Indonesia, so it has a high population density.
Property development in Jakarta has also been saturated so that there is no longer much development in Jakarta, especially for the housing sector.
New developments are generally apartments by maximizing limited land.
Jakarta has also been facilitated with good accessibility and public transportation networks, so it is different from other areas that can experience significant price increases with new developments that can increase accessibility, such as toll roads or the Jakarta-Bandung Fast Train.
"Although the increase in the price index is stagnant, used houses in Jakarta are still the main option for property seekers who are looking for housing in the city center but at affordable prices. This is because the supply of used houses offered in Jakarta is still very diverse and has a variety of price ranges, so it can accommodate the needs or preferences of the middle, upper-middle class," said Marisa.
Of the five areas in Jakarta, South Jakarta is the most popular area with a popularity percentage in searches of 31.8%. Followed by West Jakarta 26.8%, North Jakarta 17.9%, East Jakarta 16.6% and Central Jakarta 6.9%.
To continue reading, please click link below:
https://propertiterkini.com/tren-dan-potensi-pasar-rumah-seken-di-jakarta/
The data also shows that Tangerang is the most popular area with a popularity of 15% of the total home listing inquiries in Indonesia in July. Followed by two areas in Jakarta, namely South Jakarta (11.3%) and West Jakarta (10.5%).
Ahead of the plan to move the capital city to IKN, Rumah123 also reveals the latest trends and potential of the housing market in Jakarta in the future.
Rumah123 Head of Research, Marisa Jaya, said that this month the annual popularity growth is still led by cities in Jakarta and its surroundings.
In June 2024, he said, the growth in demand (inquiries) for rented houses in Jakarta grew by 59.8% and houses for sale by 114.9% annually.
"Overall, the growth in demand for landed houses in Jakarta in June was recorded at 90.1% annually," he said.
Most Popular Searches for Second-hand Houses in South Jakarta
In terms of price, when compared to surrounding satellite cities, such as Tangerang, Depok and Bogor, price growth in Jakarta is relatively stagnant.
Throughout Semester I 2024, the growth in housing prices in Jakarta each month ranged from 0.8% to 1.4% annually, tending to be low compared to other cities, such as Bogor which ranged from 4.6% to 7.7%.
There are a number of reasons why Jakarta recorded price stagnation compared to other cities in Jabodetabek.
First, Jakarta is one of the largest centers of economic and business activity in Indonesia, so it has a high population density.
Property development in Jakarta has also been saturated so that there is no longer much development in Jakarta, especially for the housing sector.
New developments are generally apartments by maximizing limited land.
Jakarta has also been facilitated with good accessibility and public transportation networks, so it is different from other areas that can experience significant price increases with new developments that can increase accessibility, such as toll roads or the Jakarta-Bandung Fast Train.
"Although the increase in the price index is stagnant, used houses in Jakarta are still the main option for property seekers who are looking for housing in the city center but at affordable prices. This is because the supply of used houses offered in Jakarta is still very diverse and has a variety of price ranges, so it can accommodate the needs or preferences of the middle, upper-middle class," said Marisa.
Of the five areas in Jakarta, South Jakarta is the most popular area with a popularity percentage in searches of 31.8%. Followed by West Jakarta 26.8%, North Jakarta 17.9%, East Jakarta 16.6% and Central Jakarta 6.9%.
To continue reading, please click link below:
https://propertiterkini.com/tren-dan-potensi-pasar-rumah-seken-di-jakarta/
Latest News
