The COVID-19 pandemic that hit the country three months ago was recorded to have pushed down real estate prices for both new and secondary properties. One of the factors that triggers the price decline of new properties provided by developers is the demand level (Request) It is decreasing. This was caused by the economic uncertainty caused by the outbreak of Covid-19, which reduced people's purchasing power.
The rise in unemployment due to this crisis has also led to potential consumers, especially End-user Those affected by the dismissal cancel their intention to buy new real estate. Lucky employees, on the other hand, need to postpone the purchase of new properties because they have to be vigilant in the uncertain economic conditions of the country. The reason is that even with the new normals implemented, the curve for COVID-19 patients was found to actually increase daily.
During the pandemic, there was strong pressure on the real estate business, including new residential real estate. According to data from Indonesia Property Watch (IPW), sales of new residential properties in DKI Jakarta in the first quarter of 2020 were recorded at IDR 83,230,609,980, down 33.3% on a quarterly basis (qtq).
This value is still lower than 24.3% on an annual basis (year-on-year) in the same quarter last year. This is also reflected in unit sales, down 37.9% (qtq) or 29.4% (year-on-year).
The home price segment, which exceeds IDR 2 billion, accounted for 75% of the total sales of new properties. On the other hand, the composition of home sales from IDR 1 billion to IDR 2 billion is 25%.
This new real estate market situation inevitably plagues developers, finding the best formulas and how to sell the new real estate they are developing in the economic crisis caused by this pandemic. I have to think about it.What can i do, this is necessary to play cash flow Those who were stuck because there was no new property sale transaction.
So is it the right time for consumers and investors to buy new properties?
Investment opportunities in the midst of a crisis
In Chinese, crisis is defined as: "Wage"..word Wage A combination of two words: "Wei" Temporarily means danger "Ji" Means an opportunity. This word means that there is always a chance in every threat that threatens. This includes the real estate business, especially new real estate.
In general, looking at the country's real estate cycle, the real estate business in 2020 is probably still in its infancy.Dull market " Also known as a dull market. at fIt's time for demand to decline, but not for supply (Supplya) New property. Therefore, the price of a new property will automatically drop with the minimum number of transactions that occur.
On the other hand, buyers who have money can actually enjoy the benefits of buying new properties at a lower price.Therefore, this dull market phase is often Buyer's Market, The real estate buyer is the king.
Many real estate observers have stated that the time of the COVID-19 pandemic was the lowest point in the real estate market. They predict that the country's real estate market will recover next year.However, at such times, consumers also have the opportunity to buy new properties at attractive prices and a variety of conveniences. gimmick..
Benefits of buying a new property now
In the current situation, monitored developers publish and offer many attractive purchasing programs.In essence, how consumers can absorb their products while developers can play cash flow To stay alive. Looking at the many attractive incentives given today, there is not always a similar incentive when conditions are normal.
Here are some of the benefits of buying new real estate during such a pandemic crisis:
1. Special price
law Supply And Request Applies to new real estate markets. When demand is limited, supply is plentiful, but selling prices fall naturally, or at least stagnate. In the current situation where it is difficult for developers to sell new homes, new home prices are expected to fall. Indonesian Property Watch predicts that new residential real estate prices will fall by an average of 5% to 8% in the second quarter of 2020.
The current trend is that many developers have special prices (discounts or Cash back) When selling a new property. This number can exceed 10%. For both consumers and investors, this is a great opportunity to buy new real estate.
2. Various attractive promotions
Buying a new property means enjoying various promotions and gimmick Interesting from the developers. This promotion can be in the form of cash or commodities, down payment subsidies (DPs), interest subsidies, or direct prizes in the form of mortgage rates below market rates.
In addition, developers usually offer easy payment methods, such as paid vacation.This promotion allows future buyers to order or orderReservation Depending on the promotion promised by the developer, we will get the new properties we need and start paying in a few months.
3. More choices
There is no doubt that the fewer enthusiasts you have, the more options you have for new properties. Not only can you compare properties across multiple projects, but you can also compare units in a single project. For reference, in new real estate projects, especially housing, consumers choose homes that are facing away from the west, homes with specific numbers, avoid specific numbers that are considered unlucky, skewered areas, etc. This minimizes the number of potential buyers and gives you more freedom to choose the new property units you need.
4. Capital gains high
If you buy a new property in a crisis situation where the purchase price is low, you have the opportunity to enjoy the price increase (Capital gains) High when real estate market conditions return to normal. This is because developers will gradually increase the price of new properties that are not currently for sale, especially when entering the phase. Seller's market..
Please select a new property that you are eligible to purchase
You can make a lot of profits, but you don't just buy it. Choose a new property that is worth buying. The wrong choice means you need to be ready to lose. To do this, consider the following:
1. Location
The location of the house should be strategic and accessible, such as the house in South Jakarta or Tangerang. In addition, consider three things: proximity to the right job, proximity to educational facilities, and proximity to medical facilities.
2. Building quality
The quality of a building depends on the specifications and construction method of the building. The pamphlet can be unilaterally modified by the developer at any time, so don't easily believe the specifications in the pamphlet. It's a good idea to choose a home for sale that is ready to live so you won't be disappointed in the future.
3. License
You need to get all developer permits from the beginning so that you can be sure that the house you bought is okay. Beyond that, don't hesitate to request duplicate licenses for added security.
4. Developer
Reputation and Performance The developer needs to be scrutinized. In many cases in Indonesia, the biggest complaints of home consumers are the problematic developers.
Source : http://i0.wp.com/www.dekoruma.com/artikel/104815/beli-properti-baru-sekarang
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