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| Listening to the Development of Household Price in Yogyakarta
Jakarta Special Region of Yogyakarta until now still holds great potential in property sector especially home tread. The reason, Yogya is a tourist area and educational center that always has an attraction for immigrants to stay.
Adoram Arthanto, Marketing Manager of PT Merapi Arsita Graha to Rumah.com said that the potential of making property business in Yogyakarta prospective. In fact, buyers from outside the Student City is estimated to reach 50%.
"Usually the motivation of people outside Jogja to stay is to go to school. At first it was only boarding, then if his brother followed school in Yogya, his parents bought a house for his children, "he said.
Listening to the Development of Household Price in Yogyakarta
In line with Adoram, Widjaja Daniel Yunanto as Manager of the Middle East Peace Group Marketing Manager said that besides being occupied by students, the house is also in demand by those who have lived or worked in Yogyakarta.
"Usually they buy a house for a place to live after entering retirement," he explained.
Daniel added that the most sought-after area today is around Kaliurang or the northern ring road. "In this area the land price is around Rp 10 million per square meter," he said. "This is where our project, Casa Grande."
The most expensive area around the city center, which is along Malioboro. There the land price ranges from Rp30 million - Rp40 million per square meter.
But there is an offer at a price of Rp50 million per square meter. Problem capital gains, Daniel and Adoram agreed the increase could reach 15% every year.
According to Adoram, another promising area, among others Sleman and Bantul. Meanwhile, the plan to build a new airport in Yogyakarta in Kulonprogo Regency makes the Wates-the capital of Kulonprogo-and the surrounding areas are starting to attract developers.
Listening to the Development of Household Price in Yogyakarta
House Rp600 Millions Most Interested
Rumah.com Property Index of Central Java and DI Yogyakarta (Central Java and DIY) reached 117.2 in Q1 2017 or edged up 2.3% (qoq) from 114.6 in Q2 2016. This increase continued a positive trend where in Q4 2016 showed an increase of 0.9% (qoq).
This increase reinforced indications of recovery in the property market in Central Java and Yogyakarta, which previously weakened since Q2 2016. Index of property prices in Central Java and Yogyakarta also showed an increase of 1.9% compared to 2016 Q1 (y-o-y).
Data Rumah.com Property Index noted that in the second quarter of 2017 the price of tread houses in Yogyakarta Special Region (DIY) with a range below Rp600 million reached Rp4.23 million per square meter. Increased by 2.11% compared to the previous quarter.
If seen from the quarter-IV 2016, the price is likely to experience upward trend until the peak is in the second quarter of this year.
One of the factors that cause the price of home treads to rise consistently is because the area is a major tourist destination in Indonesia other than Bandung, and Bali.
Listening to the Development of Household Price in Yogyakarta
Positive trends from the tourism sector contributed to the economic growth of Yogyakarta Province by 0.20% in the first quarter of 2017, compared directly with the increase in house prices in the same quarter by 0.96% (quarter on quarter).
Based on the facts in the field, sales of homes in Yogyakarta dominated the upper middle house for Rp600 million to Rp1, 2 billion. Nevertheless, the sale of Casa Grande in Yogyakarta precisely dominated the house for Rp1 billion - Rp1, 5 billion.
In the southern part of Yogya there is an upmarket housing called Grand Permata Residence. Cluster surrounded by swimming pool, playground, park and CCTV in every cluster.
From home, residents can reach Malioboro and Ambarukmo Plaza in about 15 minutes. Calculated according to the Affordability Calculator, this is the nominal to be saved per day if you want to buy a Pearl type house (47m2) at Grand Permata Residence.
Price: Rp500 million
DP 15% = Rp75 million
Mortgage ceiling = Rp425 million, tenor 15 years (180 months)
Mortgage installment per month = Rp425 million: 180 months = Rp2.361.111
Savings per day = Rp2.361.111: 30 days = Rp78.703
Already found the ideal home you will buy? Check here for residential options priced under Rp500 million!
Listening to the Development of Household Price in Yogyakarta |