VIVAnews – Kuala Lumpur-based company that owns property portal websites, iProperty Group, has listed Indonesia the lowest in property purchase for the purpose of rent offers. Indonesia is still behind Singapore, Malaysia and China (Hong Kong).
“Indonesians are now mostly aiming at buying property in efforts to have ownership over it,” Shaun Di Gregorio, iProperty Group CEO, said in a poll on Wednesday, Feb 22.
iProperty found that 50.5 percent of Indonesia’s property buyers still have the desire to have privately-owned houses. Meanwhile, there are only 25.3 percent of investors with the intention of renting their property. The rest are buying property for investment.
The motivation to own rental property in Indonesia is lower than Hong Kong (27.2%), Malaysia (31.1%), and Singapore (39.7%).
Not only lowest in rental property investment, Indonesia is also lowest in overseas property purchase plan within the next 2 years.
It is recorded that only around 17.7 percent of Indonesians are planning to purchase overseas property, slightly better than Hong Kong investors (15.3%).
Malaysia and Singapore had highest rates of overseas property purchase plan at 17.7 percent and 42.2 percent respectively.
However, Di Gregorio continued that if Indonesian investors are interested in purchasing overseas property, then Singapore is the most desirable location, while Australia sits second.
