This week LetsMoveIndonesia’s New Developments Manager Adjie Dewangga talks to us about investing in real estate now.
A.D: Everyone knows that the market for prime real estate in Indonesia has slowed down recently; but that doesn’t mean that it is a bad time to invest. With the slowdown in the market and the continual production of development, developers are selling units at great prices! Off plan units in particular are being sold for amazing rates, all of which will yield fantastic returns for the smart investor.
You may have noticed where ever you go, signs for new developments, people standing around in malls promoting new complexes, websites filled with promotional advertising; developers are desperate to offload properties which is why I believe this really is a buyers’ market, right now, for those who are in a position to act.
If you don’t believe me, look at the evidence; The Indonesian government is doing everything it can to help encourage people to start buying property, and not only has kept the Bank of Indonesia exchange rate low, it has also reduced the loan to value mortgage values from 80% to 70%. Other interesting legislation worth noting, is the turnaround in now allowing foreigners to own luxurious apartments, which in turn, has seen developers scrambling to find ways to appeal to a wider market.
But most important of all, why do I think property is still a good investment; it’s because property prices have more than doubled since 2009, which makes it one of, if not, The Most Successful Investment Product available. Yes, prices have slowed down, but they are still moving forward.
Overall, LetsMoveIndonesia has flourished during this ‘alleged quiet period’ and has become the market leader of new premium developments across Jakarta, boasting the largest collection of premium properties of any agency whilst continuing to grow. We therefore have a complete array of property types and locations to he lp the savvy investor invest their money wisely.
