Residential Property Prices Rise, Apartments Sought After

(I/I HAVE)

The results of the Residential Property Price Survey (SHPR) by Bank Indonesia (BI) indicate that residential property prices in the primary market in the second quarter of 2024 increased only slightly. This is reflected in the growth of the Residential Property Price Index (IHPR) in the second quarter of 2024, which was recorded at 1.76% year on year (yoy).

Included in residential properties are apartments. “Apartment units are widely targeted by young millennial consumers, young executives, and mature markets because they fit a lifestyle that prioritizes practicality, comfort, and security in daily activities. Along with the development of the times, apartment buyers also pay attention to the advantages of concepts that can provide added value so that their apartment units can also be investment instruments,” said Director of PT Sintesis Kreasi Bersama Thomas Go.

For that reason, his party developed Asthana Kemang to meet the needs of quality housing for across generations, from young millennials to mature markets, both end-users and investors. Location and accessibility factors are still the main considerations for purchasing apartment units. In addition, the completeness of facilities as a residence and increasing investment value of the apartment unit.

The apartment is located in Kemang with the advantage of main access between two CBDs in South Jakarta, namely TB Simatupang and Sudirman. The apartment is built on a 2.2 hectare land with 4 apartment towers and 1 commercial area.

Thomas said his work won the Golden Property Awards People Choice Awards 2024 by winning Best Choices Apartment Jakarta And Surrounding. In mid-2024, his party won the Indonesia Property & Bank Award XVIII 2024. (Ant/Z-2)

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