IMS - Talkshow tentang properti bersama pengamat properti Ali Tranghanda

Summary

In this discussion with Ali Tranghada, the Executive Director of Indonesia Property Watch, key aspects of the Indonesian property market are explored. The conversation touches on the importance of property as a basic need, challenges faced by first-time homebuyers, and how property prices in Jakarta have surged. Despite a slowing growth in the market, it is highlighted that prices rarely drop, and areas like Serpong and Depok are emerging as attractive investment options. The discussion also stresses the need for affordable housing and the role of government in addressing the housing crisis.

Takeaways

• 😀 The importance of owning property, like other basic needs such as food and clothing, is central to people’s lives in Indonesia.
• 😀 Investing in property is often considered crucial, but the main challenge is affordability, especially for first-time homebuyers.
• 😀 The most significant hurdle for homebuyers is the down payment, especially for young professionals or fresh graduates.
• 😀 In Jakarta, finding a house under 1 billion IDR is becoming increasingly difficult, pushing many people toward vertical housing such as apartments.
• 😀 While property prices in Jakarta and surrounding areas have been rising steadily, there has been a slowdown in the past few months, indicating slower growth rather than a drop in prices.
• 😀 Historically, property prices in Indonesia tend to increase over time, with no significant long-term price declines observed.
• 😀 Property investors often buy homes not for living but as speculative investments, sometimes flipping them for a profit in a short period.
• 😀 Developers play a crucial role in controlling property prices, driven by demand. They may raise prices if demand supports it.
• 😀 The phenomenon of property units selling out quickly during launches can be attributed to prior marketing efforts and speculative buying.
• 😀 The property market in Indonesia has been influenced by speculative investors, and there is now a trend of developers resizing properties to target more affordable segments under 1 billion IDR.
• 😀 Key factors in choosing a property include location, access to transportation, and the potential for future growth, particularly in suburban areas like Serpong and Depok.

Q & A

Why is owning property considered a primary need in Indonesia?

Owning property, like food and clothing, is a primary need in Indonesia because it is essential for living stability. However, acquiring property can be challenging due to the high costs involved, especially for first-time homebuyers.

What is the main difficulty faced by first-time homebuyers in Jakarta?

The primary difficulty for first-time homebuyers in Jakarta is the down payment, which can be as high as 30% of the property price. This is particularly challenging for young people, such as fresh graduates who may not have the financial means.

How does the property market in Jakarta compare to other areas in terms of affordability?

Property prices in Jakarta are generally high, with homes often priced above 1 billion IDR. In comparison, areas outside Jakarta have somewhat more affordable options, but they come with challenges like longer travel times and higher transportation costs.

Why do property prices continue to rise in Indonesia despite economic fluctuations?

Property prices in Indonesia continue to rise due to factors like limited supply, strong demand, and market speculation. Despite occasional slowdowns, property value rarely drops, and even during economic downturns, prices tend to stay stable or increase over time.

How does speculation impact property prices in Indonesia?

Speculation in the property market causes prices to increase artificially. Investors and developers may raise prices when they see demand, and even if prices seem irrational, they continue to increase as long as there is demand from speculators.

What is the significance of location in determining property value?

Location is crucial in property valuation, especially in metropolitan areas like Jakarta. Proximity to major transportation hubs, such as toll roads, significantly affects property prices, with areas that have better access seeing higher demand and rising prices.

What are the challenges of investing in property outside Jakarta?

Investing outside Jakarta comes with challenges like longer commute times, limited infrastructure, and fewer development opportunities. However, some areas are still growing, with infrastructure projects like toll roads improving accessibility and driving up property values.

What are the prospects of investing in areas like Serpong and Bintaro?

Serpong and Bintaro have potential for property growth due to their accessibility from Jakarta. While Serpong's prices are already high, the surrounding areas like Bintaro are seeing increased development, making them attractive for long-term investment.

What makes Serpong a unique location for property investment?

Serpong is unique because of its accessibility, with multiple toll roads connecting it to Jakarta. This connectivity drives demand for property in the area, even as prices continue to rise. Serpong remains a key area for investment due to its growing infrastructure.

How do political factors affect the property market in Indonesia?

Political events, such as elections, can slow down the property market as people wait for economic policies to stabilize. However, in general, the Indonesian property market continues to grow regardless of political uncertainties, driven by long-term demand for housing and investment opportunities.