Property Business to Stay Strong During 2024 Elections

The property sector in Indonesia, in general, is expected to continue its upward growth trend in 2024. Five cities in Indonesia will have property growth prospects in 2024: Jakarta, the Capital City of Nusantara (IKN), Bali, Surabaya, and Tangerang.

Yanita Petriella

23 Jan 2024 - 20.11
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Property Business to Stay Strong During 2024 Elections

Illustration - View of multi-storey buildings in Jakarta./Bisnis-Arief Hermawan P.

Bisnis, JAKARTA — The property sector is expected to experience growth and recovery in each of its sub-sectors throughout this year. 

Country Director of Ray White Indonesia, Johann Boyke Nurtanio, believes that the ongoing economic growth in Indonesia will lead to a positive performance in this year’s property sector.

According to him, the property sector is one of the most significant engines driving economic growth, and the election year is not a significant concern for the property sector. 

"Don’t let global sentiments be channeled here because our economy is largely based on consumption. Thus, we must safeguard this market consumption," he said on Monday (1/22/2024). 

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Editor: Yusuf Waluyo Jati
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Property Business to Stay Strong During 2024 Elections

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