Youngsters set to take over Indonesian housing market


Slowing industry: An aerial view of central Jakarta. Increasing consumer prices in the country are making it difficult for younger generation buyers to finance their purchase in the housing market. — AFP

JAKARTA: Amid ongoing recovery in the domestic-property industry, younger generations are expected to take over the majority of the housing-market share; but reduced buying power means government assistance is needed to assist this segment.

In a virtual presentation conducted on Aug 26, housing consultancy-firm Indonesia Property Watch (IPW) estimated that more than 63.4% of potential house buyers are millennials or members of Generation-Z (Gen-Z).

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Indonesia , housing , real estate

   

Next In Business News

Decoding Malaysia’s cost of living
Oil market still complex
Panama Canal may double container traffic
Soros fund management to shut HK office
IPG Mediabrands maintains leading position in industry evaluation
China consumer prices up slowest in four months
Calls to relax EU bank capital rules
Reeves’ UK budget shortfall breaks promise
Coming M&A wave in US will be a boon for debt bankers
China, Indonesia sign multiple cooperation deals

Others Also Read