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Premier Insight : Following study by SHPR (Survei Harga Properti Residential) conducted by Bank Indonesia
Thursday, May 16, 2019       09:24 WIB

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Following study by SHPR (Survei Harga Properti Residential) conducted by Bank Indonesia, residential property sales is 1Q19 increase 23.7% qoq from 4Q18 due to increase in small size residential sales (+30% qoq) and large size residential sales (+24.56% qoq), while sales in medium size residential remained stable. As for financing scheme, majority of 74% buyers still use the KPR scheme. In addition, SHPR expect price increase in residential property by 0.5%qoq in 2Q19 following increase in material price and wages.
Comment: We remained Buy for with TP of Rp1,400, following the successful of its Citra Maja residential property that supply lots of small size residential, including the subsidized housing.

Sumber : IPS RESEARCH

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