Unlike the office market that slumped to the lowest point since 1999, the strata apartment sector (condominium) is still better. Jakarta Office Price Down 30 Percent According to Colliers International Indonesia research, there are at least five new apartment projects launched in Jakarta in the first quarter of 2017 developed by PT Bumi Serpong Damai Tbk (BSDE), PT Mahardika Gagas Sejahtera, Providen Group, and PT Duta Paramindo Sejahtera.

The reason they are not separated from the fact that Jakarta is a densely populated area with high occupancy needs. The apartments offered, ranging from price ranges from the cheapest Rp 11 million per square meter to the most expensive Rp 56.5 million per square meter. The newest apartment in west Jakarta, Bandara City is cheap it's only cost Rp 40 million per square meter. People are interested renting a new apartments, because they have various advantages when buying a [url=http://bandaracity.com/blog-item/apartemen-baru-di-jakarta]new apartment in Jakarta[/url]

Meanwhile, Cushman and Wakefield Indonesia's research shows that there is an increase of 14.8 percent uptake for projects that have been completed in the first quarter of 2017 compared to the same period last year 2016. Nevertheless, on the quarterly basis, the selling rate declined slightly from 97.2 percent to 96.5 percent. "This is due to the sale of the newly completed project (completed) is lower," said Director of Research and Advisory Cushman and Wakefield Indonesia Arief Rahardjo to KompasProperti, Monday (10/04/2017). In addition to absorption and sales, occupancy rates also dropped 2.8 percent to an average of 56.2 percent.

Similarly, pre-sales records were 1.4 percent lower on the quarterly basis, and 2.9 percent on an annual basis, leaving 86,808 unabsorbed units. From several apartment segments, Cushman and Wakefield's research also reported pre-sale of roof projects remained high at 74.2 percent during the period from January to March 2017. Following middle- and high-grade projects showing pre-sales levels of 59.4 percent. For the sake of the project being absorbed by the market, developers still offer friendly payment methods such as cash in stages for a maximum of 3 years, apartment ownership loans (KPA) with special interest, and others. "Buyers of middle and upper-class projects prefer a gradual cash payment method, while lower middle-class buyers prefer KPA loans," said Arief.