Showing posts with label Market. Show all posts
Showing posts with label Market. Show all posts

Tuesday, April 15, 2014

Top Class Drops Half Property, Market Slide to Medium Type

Indonesia Property Watch ( IPW ) states the general housing market declined by an average of 49 percent of the transaction value . However , according to an analysis done , a shift in the market , especially from the upper middle segment to the middle segment .

Quoted from a statement Wednesday, April 16, 2014 , the Executive Director of the IPW , Ali Tranghanda , say , based on the composition of the existing sales , is expected to occur over the market shifts that occurred in the quarter I/2014 to the middle segment .

Compared to last year , a relatively high market segment ranges from 30 percent of the total value of the transaction , but declined rapidly in early 2014 to 15 percent . On the other hand , the composition of the middle segment increased from 30 percent to 40 percent .
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He estimated that the trend will continue given the value of the land which is already too high , even for intermediate housing built above .

" Most of the high developers are more interested in building a vertical residential or commercial sectors with high value of land already , " said Ali .

Furthermore, Ali explained , in a down market segments , the developer is still pegged to the price of a standard home facilities subsidized unadjusted .

He explained , many low-cost housing developers are pursuing a strategy of building construction with lower specifications in order to remain affordable to consumers' purchasing power .

Meanwhile , he added , some chose to try and leave in the middle segment of government subsidized housing programs .

He added that this market shift to be addressed by the developer to begin creating the types of homes in the middle segment with broad resizing .

source:http://www.viva.co.id/