Tangerang Becomes the Most Popular Home Search Location in Indonesia

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The used house type property index experienced a significant movement in terms of year-on-year drastic It was recorded in the June 2022 edition of the Flash Report Rumah123.com, the supply volume of used houses soared up to 28.1% higher than the May 2021 period and Tangerang was the most popular location for property searches.

Chief Executive Officer (CEO) of 99 Group Indonesia, Wasudewan explained, this phenomenon of increasing supply is a good sign of the growth of the property industry in the country.

"With the increasing stock of second-hand houses on the market, property seekers have more choices when it comes to buying their dream home," said Wasudewan, in his statement, Tuesday (21/6/2022).

According to him, the growth in property supply that occurs in various regions in Indonesia can be a positive stimulant to answer the demand trend which is currently also experiencing a progressive increase," said Wasudewan.

The property market index from Rumah123.com shows an increase in house prices which grew by 3.4% in May 2022, compared to the same period the previous year.

Meanwhile, 12 of the 13 cities experienced price increases on an annual basis. The fastest annual price increases occurred in Medan and Makassar with a record increase of 6.9% for both cities.

In the Jabodetabek area, on a monthly basis, for the Tangerang and Depok areas, the price of used houses increased by a fairly thin percentage, namely 0.2%, while house prices in Jakarta, Bogor and Bekasi decreased by 0.2%, 1.5%. , and 0.9% in the same month.

House prices in Bandung, Surabaya, Semarang and Yogyakarta grew by 3.1%, 1.1%, 2.4%, and 3.1% respectively from May 2021. Meanwhile, house prices in Surakarta fell 0. 7% in the same period.

For other big cities in Java, on a monthly basis, house prices in Semarang and Yogyakarta grew 0.2% and 0.9% respectively, while house prices in Bandung, Surabaya and Surakarta fell by 0.8%, 0.4% , and 1.7%.

Apart from Java, Rumah123.com's Flash Report also provides observations on the market prices of used houses in several other big cities in Indonesia. On an annual basis, house prices in Medan, Denpasar, and Makassar rose by 6.9% and 2.0%, and 6.9% respectively.

In terms of demand for housing on the Rumah123.com property search page, the most popular location is Tangerang with a percentage of 16.1% of the total demand for houses in Indonesia this month.