Residential Property Prices in Indonesia Decrease by 2.2pct for 2011

08-Dec-2011 Intellasia | PRWEB (press release) | 7:01 AM Print This Post

A recent survey by Bank Indonesia revealed that residential property prices in Indonesia decreased by 2.2 percent while property sales climbed to 4.5 percent from last year. Despite this decrease, prices of residential properties are expected to start rising, although at a slower rate. Economists are puzzled by this dip in prices for residential property. As the fourth most populated country in the world, the housing demand in Indonesia is getting stronger. One probable cause is the unpredictable inflation rate of Indonesia which tends to outpace the economic growth of the country. In fact, local publications like the popular Rumah Magazine, Majalah Properti and Laporan Rumah Dijual are closely watching this phenomenon.

“One way to guard against inflation is to invest in real estate,” said Handy Chang, Marcomm manager of Rumah123.com, Indonesia’s number 1 and most established Property Portal. “The current economy is really conducive for getting Indonesian real estate at a bargain. People have this misconception that it’s hard to find a good property to buy. That was true. But now, Rumah123.com has made it a lot easier for people to find the house of their dreams.”

With the decrease in prices of residential property in Indonesia, now is the perfect time to invest in real estate. Those who want to buy a property can benefit from visiting Rumah123.com as it has 68,000 listings that are no older than 3 months. Each property is individually moderated to ensure that customers get only the best search experience.

Property sellers can also advertise their property on Rumah123.com. With over 850,000 property buyers visiting the site every month and Asia-wide exposure due to its connection to iProperty group network, you can get maximum ad exposure. This is a marketing opportunity unrivalled by any other property portal site or group.

Rumah123.com has the highest level of visitor engagement amongst all real estate portals, with each user browsing over 16 pages per visit and spending over 17 minutes on the site per visit. The Group has more than 400,000 registered members or investors across Asia.

Said Chang, “The goal of Rumah123 is to optimise user experience to make it easier for both buyers and sellers to make real estate transactions online. Our focus is on our customers. We facilitate real estate investors to make easy and lucrative transactions”

Rumah123 Indonesia (http://www.rumah123.com) is a part of iProperty Group Ltd – the number 1 online property Group in Asia. It has leading property websites in Malaysia, Singapore, India, Indonesia, Philippines and Hong Kong. It is a part of the Australian Securities Exchange-listed IPGA Limited. It made history in 2009 when it won the prestigious CNBC Asia Pacific Property Award in the “Best Property Portal” category for six of its websites – Malaysia, Singapore, India, Hong Kong, Philippines and iLuxuryAsia.

http://www.prweb.com/releases/prweb2011/12/prweb8977209.htm

 


Category: Indonesia

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