Batam has a promising apartment potential outside the Jabodetabek area. The city with Bandung and Surabaya in semester 1/2018 noted that vertical occupancy growth was quite high Coldwell Banker Commercial Vice President Dani Indra Bhatara said from the property growth research outside the Jabodetabek property consultant, during the first semester of 2018 the apartment grew positively in Batam, Surabaya and Bandung. He said Batam was attractive and very attractive to investors. "Batam has been attracted by many developers. People dare to invest in Batam. Also because there are lots of expatriates. Batam is also an industrial area, like the industrial area here, like Karawang which is the base. "It's the same in Surabaya, Gresik is an industrial area," Dani told Bisnis last week. He said, apartments always grow directly proportional to the economic base of an area. Economic sectors that can support apartment growth, said Dani, are three, namely the industrial sector, the education sector, in this case the university and the office worker sector. "If workers take the upper middle segment, the movement of Jakarta is like having Intiland. There are also several CBDs in the Surabaya business district. WIKA is also in Surabaya, Grand Samaya is already over Rp. 30 million / m2. The demand is still good, "said Dani.

 

Assistant Manager Coldwell Banker Commercial, Angra Angreni stated that Batam is still focused as the basis of the industrial economy, considering that education for people would prefer to Singapore. Besides industry, Batam is also driving tourism and culinary. "So far they have realized that there are industries, there are exporters there for industry. They began to look at the tourism sector market. That is one of the handles of developers in Batam to develop apartments, retail and hotels. "Angra predicts that in the future there will still be apartment development. For example, in Batam Center, there will be development with the Batam Center Mall and currently massively inviting users. The growth of supply of new apartments in Batam from the first quarter to the second quarter is higher than in Surabaya and Bandung. According to Angra, this was also triggered by the Ciputra Group superblock project, CitraPlaza in Nagoya. "There are also some who are launching and that sales are good, making growth high. Because Ciputra is booming, it attracts [consumers], "he said.

 

THE BOARD DEVELOPER

A number of top developers are working on apartment projects on the island adjacent to Singapore. Call it Podomoro Land, Ciputra Group, Sinar Mas Land and Triniti Land. PT Agung Podomoro Land Tbk is working on Orchard View's first vertical residence in the integrated area of ​​Orchard Park Batam. Agung Podomoro Land Assistant Vice President of Strategic Residential Agung Wirajaya said that only a matter of time, Batam would transform into a metropolitan city like Jakarta. "It's not jammed right now, but soon it will definitely get stuck. It is proven by the city government that is building several flyovers and several infrastructures in Batam, "Agung said some time ago. Doni Priambodo, General Manager of CitraPlaza Nagoya, a project developed by PT Ciputra Land Tbk, said during the launch of the CitraPlaza Nagoya Batam superblock, in just 6 hours it was able to sell 100 apartments. CitraPlaza Nagoya Batam consists of three types of units with prices ranging from Rp500 million to Rp1 billion. CitraPlaza Nagoya is a mixed-use area of ​​6.3 hectares and apartments will be built, which are integrated with various facilities such as shopping centers, hotels, lifestyle centers, sports centers and so on. Sinar Mas Land also worked on the city by releasing the independent city of Nuvasa Bay, which is a 280 ha project, with an allocation of 90 ha for property development, the rest for golf courses and mangroves.

 

CEO of Sinar Mas Land Strategic Development & Services Ishak Chandra said that in addition to the planned changes in special economic zones (KEK), other potentials that Batam has are becoming a supporting country for Singapore. From the intended segment, the buyer market in Batam is 80% of Indonesians, 20% are foreign buyers. "The foreign buyer is not from Singapore, but for example the Dutch, Spanish or English people who live in Singapore. Meanwhile, from 80% of Indonesian consumers, 60% are residents of Batam, "he said. Dani Indra Bhatara said, the education sector, especially students, was able to encourage the growth of apartments, including Surabaya, Bandung, Semarang, Malang, and Depok with massive growth of student apartments or flats. Local or outside investors, he said, see students as new market share and make apartments as new investment assets. Nevertheless, Dani reminded that the growth of education-based apartments such as Surabaya and Bandung, is not necessarily the same as other regions which also have student city bases.

 

Source : Bisnis Indonesia