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Jakarta Post

Property market to bounce back next year: MarkPlus

  • The Jakarta Post

Jakarta   /   Thu, June 4 2020   /  01:00 am
Illustration of a housing complex.(Shutterstock/karelnoppe)

While house sales are expected to be slow this year due to the pandemic, some consumers are merely delaying purchase and planning to buy a house next year, according to a survey by marketing consulting firm MarkPlus. MarkPlus, which surveyed 100 respondents living mostly in Greater Jakarta, found that consumers were currently saving their money to maintain personal financial stability amid the COVID-19 pandemic that affected the country’s economy. However, half of the surveyed respondents still expect to buy a house next year. “The future demand may not be as strong, but we expect demand to bounce back next year as customers already have plans to buy [a house],” the firm’s senior associate, Irfan Setiawan, said in a virtual discussion on Friday. To anticipate the recovery, Irfan said, he expected the current situation to have implications for the prici...