Kinght Frank Research: IKN is the city most sought after by property sector investors

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.

Apartment in IKN

Furthermore, if we look at preferences based on property type, big cities such as Samarinda and Balikpapan recorded high searches for landed houses, at 48.1 percent and 59.4 percent respectively.

Apart from these two big cities, there are other cities with a high proportion of demand for landed houses, such as Bontang at 60 percent, and East Kutai at 33.3 percent.

“When compared with other big cities in Indonesia, such as Jakarta and Surabaya, the demand for shophouses in East Kalimantan is quite high, this is also influenced by the fact that many areas are still developing and generally use shophouses for various commercial activities, such as being used as offices, business spaces, even hospitality,” explained Marisa.

Marisa added that several other areas that recorded the lowest demand for landed houses, but had the highest interest in land or vacant land, were Penajam Paser Utara which was recorded at 88 percent, Kutai Kartanegara at 86.7 percent and Berau at 62.9 percent. ***

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