Batam Property Trends 2019, Landed Houses Still Be The Pride, How About Next Year?

TRIBUNBATAM.id - Batam is increasingly developing not only in terms of infrastructure, but from variety of policies that strengthen this civil city.

This is what makes Batam City become destination for investment and property development for investors and developers.

However, the growing development of Batam has not been able to boost the value of residential sales.

Chairman of Indonesian Real Estate Regional Representative Council (DPR REI) Achyar Arfan said, sales of property sector in Batam had not yet recovered.

"Sales are still around 70 percent compared to 2017. Because in 2018 and 2019 it fell," he said, Thursday (12/19/2019).

Though his hopes in 2019 election year there will be an increase in the field of property sales in Batam.

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Because, Achyar said after the presidential election there was at least the government certainty for the next five years.

"We hope that those who intend to invest could invest, but it does not happen," he said.

Achyar said the factor in the purchase of property or residence, besides being based on the economy also considered population growth.

"In Batam, the population is among the highest increases in Indonesia," he said.

Even so, Achyar said there were 16 apartments in Batam that had begun to be good in terms of sales, such as Oxley, Ciputra, Agung Podomoro, and others.

Aside from the end of election, Achyar hopes that by seeing the 'one-handed' leadership certainty in Batam, investor confidence from the industrial sector and others can invest more to improve the economy.

In Batam, Achyar said during 2019, property trends to be excellent were landed house ownership.

"It's still landed, but in terms of numbers (the percentage increase in landed houses) we haven't been able to," he explained.

Achyar said the landed house is still favorite for property sector because there are several residential units that are ready stock.

Whereas the majority of apartments are only at the stage of buying and selling, there has not been Deed of Sale or handover.

"For its value, landed houses with price range of IDR 300 million to IDR 700 million, the majority of which are in demand," he said.

In terms of Batam City infrastructure readiness, Achyar said it was very good, both in the paved roads, also water and electricity availability.

"We expect sales for property sector in Batam will certainly continue to increase," he said. (Tribunbatam.id/Nabella Hastin Pinakesti)

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