Safeguarding the Property Industry During an Election Year

The result of the upcoming election is expected to affect the overall sentiment in the market.

Yanita Petriella

7 Jan 2024 - 16.57
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Safeguarding the Property Industry During an Election Year

Children play soccer in one of the subsidized housing complexes in Bogor, West Java. Bisnis/Himawan L. Nugraha

Bisnis, JAKARTA — Market uncertainties tend to emerge leading up to the general election, especially with the widespread news that sparks debates among political parties, policy plans, and future commitments from each presidential candidate. This raises concerns about the impacts on the property market.

Head of research at Colliers Indonesia Ferry Salanto said in the coming weeks leading up to the election, investors and property buyers tend to postpone business decisions. Although the election results do not determine the fate of market conditions, the elections do affect overall sentiment.

“After the election, property buyers will typically resume activities and revive the market,” he said in a report quoted on Saturday (6/1/2024).

Concerns about potential political instability do not significantly affect the office sector. Among property owners or office developers, the biggest concern is whether the election results will impact regulatory changes, especially those related to ongoing construction projects.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Jaffry Prabu Prakoso
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Safeguarding the Property Industry During an Election Year

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