Sunday 21 August 2016

The apartment market ahold of East Surabaya



Predicate second largest and most populous city after Jakarta trigger the growth rate ofproperty in Surabaya increasingly unstoppable. This fact is in line with the results of the report of Colliers International Indonesia.


In this research, a new supply of strata-title apartment in Surabaya is projected to increase sharply by 2019 with the addition of approximately 28 640 units of 37 new projects.


Colliers estimates that the total supply of apartments in 2016-2018 will reach 75 083 units,lower than the previous forecast in figures 77 549 units. Of the total units, around 26 583units to be completed in 2016, 24,447 units in 2017, and 24 053 units in 2018.



This figure prediction is reinforced Associate Director of Research Colliers, FerrySalanto, which exposes the biggest supply over the next four years will appear inSurabaya East with a share of 47% followed by 36% in West Surabaya.



While South and Central Surabaya will only get the addition of approximately 5,000 units from 10 projects to be built.


"The handful of new developers began to attend and to enliven the apartment market inSurabaya by targeting the eastern and western regions. This indicates there is stillconfidence in the outlook for the apartment market in Surabaya over the next few years,"he explained.



Purposely developed for categories of consumers who want a practical and modernlifestyle in a prestigious area. The apartment tower located on Jl Rungkut. Kyai AbdulKarim No. 37-39, Rungkut, Surabaya East.



The apartment tower in Rungkut, residents can enjoy the presence of a swimming pool, fitness, food court, playground, exclusive shops, public areas, and parking.



With an affordable price tag, perhaps a market share of apartments is among the students who want education at the National Development University "Veteran" East Java.Because the distance between campus apartment with only 2,8km.



The same applies when the distance to the Polytechnic Sailing Surabaya.



Similar consumer segmentation seems to contribute emulated Amega Crown Residence developed by Amega Development. The difference is, the selling price for the smallest unit (Studio) was observed cheaper namely Rp199 million.


Given the location, the apartments are located within a short cruise Surabaya Polytechnics (1,1km). Another feature that owned the apartment is just five minutes travel time to the Toll Gate Pond wells.

Still in the area of ​​East Surabaya precisely Mulyorejo, leading property player Pakuwon Jati Tbk PT enliven competition through Educity Apartment apartment.

The public facilities are located in one number with the apartment include Institute of Technology, Electronic Engineering Polytechnic Institute of Surabaya (PENS), Surabaya Shipbuilding State Polytechnic (investigators), and the University of Airlangga.

The apartments are also just a stone's throw away with Pakuwon Indah Supermall which was developed by PT Pakuwon Jati Tbk.

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