Jakarta, EDITOR.ID,- The property industry is predicted to become enthusiastic again after the 2024 elections. Several subsectors that will increase their growth in 2024 are landed houses, industrial areas and warehousing. The Indonesian Capital City or IKN area is considered to have the potential to experience property growth. The results of the latest research state that the Capital City of the Archipelago (IKN) is the second most targeted city for investors.
Not only that, the research results also show that IKN has the potential to experience rapid growth in the property sector in 2024.
Property consultant Knight Frank Indonesia, in his Jakarta Property Highlight H2 2023 presentation, said that the results of a survey of property sector stakeholders, such as developers, consumers, investors, consultants, banks, government and academics showed optimism for the growth of the property sector. As many as 56.5 percent of respondents believe property will grow in the political year.
The research was conducted and released by Knight Frank. This institution conducted a survey at the end of 2023 and processed the data into a property outlook for 2024. The survey was distributed to property sector stakeholders such as Property Developers, Property Consultants, Property Investors, Financial Institutions and academics.
Knight Frank Indonesia Senior Research Advisor Syarifah Syaukat said that the property sectors whose performance is predicted to increase after the 2024 election are residential, industrial areas and warehousing.
Meanwhile, hotels and retail growth is stable, while apartments (strata title) or condominiums, villas, resorts and offices are predicted to tend to stagnate.
“So this property outlook is one of the publications resulting from a survey we conducted at the end of last year,” said Kinght Frank Research Senior Advisor, Syarifah Syaukat in a written statement received on Sunday (25/2/2024) last week.
In the survey, it was found that 78% of respondents expressed optimism in the political year 2024. According to the respondents, property growth will remain relatively stable and continue to grow positively.
“So regarding the political year that occurred this year, we tried to calculate that 78% of our respondents expressed optimism. “Declaring that despite the political year this year, property growth will remain relatively stable and will continue to grow positively,” explained Syarifah.
The economic sectors that have the potential to have the greatest leverage over the property sector are renewable energy, logistics, e-commerce, data centers and financial technology.
