JAKARTA. The potential increase in the demands for property would likely boost the housing price. The prices of house and residential property are predicted to further increase, mainly after the quarter I. Secretary General of Real Estate Indonesia (REI) Totok Lusida predicts that the price of residential property could increase by 10%-20% in 2017. This would be driven by the capital inflow of tax amnesty program. “The property sector is the most stable investment instrument for the foreign capitals, as the property value would not shrink,” he told KONTAN, Tuesday (14/2). According to Totok, the tax amnesty program is still running, while the sales of residential property, mainly at the segment of middle-high class, tend to be stagnant in the quarter I. He is optimistic that the property sales would be more massive.
House price potentially to increase by 10%
JAKARTA. The potential increase in the demands for property would likely boost the housing price. The prices of house and residential property are predicted to further increase, mainly after the quarter I. Secretary General of Real Estate Indonesia (REI) Totok Lusida predicts that the price of residential property could increase by 10%-20% in 2017. This would be driven by the capital inflow of tax amnesty program. “The property sector is the most stable investment instrument for the foreign capitals, as the property value would not shrink,” he told KONTAN, Tuesday (14/2). According to Totok, the tax amnesty program is still running, while the sales of residential property, mainly at the segment of middle-high class, tend to be stagnant in the quarter I. He is optimistic that the property sales would be more massive.