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BANDUNG, (PR) .- Vertical residential demand (apartments) in Bandung City continues to increase. This corresponds to the increase in the cost of land, which is related to the higher price of houses on the site.
That's what PT Wijaya Karya (Wika) Realty Tbk., Agung Salladin, president, has said in Bandung on Saturday, November 4, 2018. As we know, more vertical housing is being built. in the city of Bandung.
"With the rising price of construction houses, the choice is on the rise," he said.
Demand, he says, is also supported by the millennial lifestyle. In addition to the trend factor, the convenience offered by the apartment also prompted more than millennials to choose apartments as a living space.
The demand for vertical housing continues to grow, according to him, which is also apparent from the order of Tamansari Kencana Apartment unit. He said that until now, 80% of the first round has been ordered.
Taman Sari Kencana Apartment is a vertical residence made by Wika Realty which will be built on Jln. Jakarta Cbad, Antapani, East Bandung. The vertical occupation will be built on 1.5 hectare of land.
"This apartment consists of three towers with 1,614 units," he said.
He said that the apartment had been built using the concept of lagoon. The architecture is integrated between the elements of water and vegetation, presenting the serenity of the city
live.
Previously, Wika Realty had built several apartments in the city of Bandung. Some of them are apartments and Condotel La Grande and Panansamic Tamansari Apartments.
Some time ago, the group head of the Bank of Indonesia, West Java (Jabar) representative office, Ismet Inono, said the demand for apartments and offices in Bandung had increased. In fact, strong demand in the apartments and office sectors has pushed up the price of commercial real estate.
In the first quarter of 2018, the price index of commercial real estate (CPI) rose 0.38% (YoY). Rising prices, particularly in the retail and apartment segments, were driven by increased demand in both segments.
Overall, the real estate sector in West Java during the I / 2018 quarter recorded growth of 5.89% (YoY). According to him, this condition is reflected in the rise in prices of residential property during this period.
"The real estate sector experienced growth in all types of homes, namely small, medium and large, each with 6.06% growth (year-on-year), 6.77% (year-on-year) and of 4.82% (year-on-year), "he said last May. ***
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