Posts Tagged ‘Global Financial’
The Global Financial Crisis Didn’t affect
The global financial crisis did not affect the public interest to buy exclusive residential superblock. During January to May 2009, an apartment developer Ciputra World recorded sales of approximately 70 percent of apartment units in cash and only 30 percent of the rest in loans.
“In terms of nominal, not denying the value of sales during the year 2009 was down about 20 percent compared to last year due to the impact of the crisis. However, surprisingly, just 70 percent of apartment purchases made in cash rather than credit,” said General Manager Marketing Ciputra World Natalia Apartments Tanudjaja, Monday (18 / 5) in Surabaya.
In fact, two of the penthouse suite of the six units that cost Rp 5 billion respectively have been sold in cash. In total, since it was launched in October 2007 and then, two-tower apartment occupancy rate, that is Via and Vue apartment as much as 90 percent and 60 percent. In fact, each unit apertemen it pegged the price of USD 1 billion up to Rp 5 billion.
According to Natalia, apartment occupancy is still a favorite choice, especially for the businessman. The reason, occupancy is practical because it is a complex with shopping malls, hotels and office buildings and close to urban centers.
“In addition to the practical, lived in an apartment now become a lifestyle for the upper middle class. Gradually, the concept of landed residential houses in the community shifts to vertical house,” he said.
In general, apartments and residential development in the urban center is run in a short time. Electricity, water, telephone, until the gas is already available in urban centers facilitate residential development.
Constrained network
If residential development in the urban center quickly realized, experienced different things healthy development of simple home (RSH) which are generally banned in the suburbs do. DPD Secretary Real Estate Indonesia East Java Wakkhid Nur said, RSH Development must be done in the suburbs because land prices are relatively cheap in the area.
However, although the developers to get cheap land prices, they must bear the cost of making electricity, water, or telephone, has not been touched suburb. Though government set a maximum price of USD 55 million RSH per unit. This situation has become the main obstacle for the community settlement construction simple lower middle economic class.