The increase in demand for apartments could be caused by the actions of investors who want to take advantage of apartment prices which tend to be stagnant in the past year.
Country Manager Rumah.com Marine Novita in a release received by Scrairos said that demand for apartments in DKI Jakarta will increase both quarterly and annually in the first quarter of 2021.
"Rumah.com sees the increasing demand for apartments based on investment . Apartment prices are stagnant and tend to fall in the past year making them attractive as an investment instrument, especially for the daily and monthly rental market," said Marine.
In addition, according to him, having a luxury condominium in the city center is also a trend for the upper class at this time.
There are three regions that have the highest demand growth rates on a quarterly and annual basis, namely North Jakarta, Central Jakarta, and South Jakarta.
The development of apartment trends in North Jakarta cannot be separated from the growth of the Pantai Indah Kapuk and Pantai Indah Kapuk 2 areas.
This area has business, commercial areas as well as beach and culinary recreation areas, making it an ideal residential area.
Moreover, developers are also shifting their target market towards millennials, so that property prices become more affordable.
Meanwhile in Central Jakarta, apartments have always been a target for workers in the Jakarta business district, especially in the Sudirman-Thamrin area.
The rise of daily and monthly rental apartment management services in recent years has become one of the factors driving the growth of interest in apartments in the center of Jakarta.
Meanwhile, in the South Jakarta area, consumers are dominated by housing seekers to rent back to expatriates who work in the TB Simatupang, Kuningan, and Sudirman business areas, as well as luxury condominium consumers.
This situation causes apartments with prices above IDR 4 billion to be sought after. Based on Rumah.com search data, as many as 33 percent of apartment seekers in South Jakarta are looking for luxury apartments with prices above IDR 4 billion.