{
    "success": true,
    "data": {
        "id": 1582240,
        "msgid": "developers-slow-down-new-projects-amid-iran-versus-us-israel-conflict-1772466971",
        "date": "2026-03-02 22:00:00",
        "title": "Developers Slow Down New Projects Amid Iran versus US-Israel Conflict",
        "author": "Hilda B Alexander",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Property",
        "summary": "Indonesian property developers are slowing the launch of new projects in response to the Iran-US-Israel conflict, which has driven up fuel prices and increased construction material transport costs. The conflict threatens to elevate property prices significantly, and prolonged warfare could drastically reduce consumer purchasing power and market demand as potential buyers adopt a wait-and-see approach.",
        "content": "<p>Jakarta \u2014 The conflict between Iran, the United States and Israel is\nbeginning to impact the domestic property sector.<\/p>\n<p>Developers are reportedly tending to slow down the launch of new\nprojects, though this has not yet reached the stage of total suspension\n(hold).<\/p>\n<p>\u201cIt may be slowed down, not immediately put on hold,\u201d said Bambang\nwhen contacted by Kompas.com on Monday (2 March 2026).<\/p>\n<p>According to Bambang, the most directly felt impact comes from the\nrise in fuel prices, which has triggered a surge in transport costs.<\/p>\n<p>\u201cThe direct impact is more related to transport costs. Because with\nfuel rising, haulage costs increase. Whereas all construction materials\nare heavy\u2014such as cement, sand, steel, ceramics and so on\u2014these will\naffect construction costs,\u201d said Bambang.<\/p>\n<p>The increase in distribution costs for such materials will, he\ncontinued, automatically drive up property selling prices. Particularly\nif the war drags on and global oil prices return to three-figure levels\nper barrel.<\/p>\n<p>Bambang even suggested that oil prices could spike sharply if the\nconflict does not quickly ease.<\/p>\n<p>\u201cOil is forecast to rise tenfold if the war is prolonged. Property\nimmediately has no price,\u201d he said.<\/p>\n<p>Beyond the direct impact on construction costs, Bambang also\nhighlighted the indirect effect of global economic instability.<\/p>\n<p>\u201cUltimately, there will be many redundancies, purchasing power will\ndecline, and the property market will also be hit. Prospective property\nbuyers will wait and see,\u201d Bambang said.<\/p>\n<p>Earlier, Kompas.com reported that Iran was attacked by Israel and the\nUnited States on Saturday (28 February 2026) local time.<\/p>\n<p>Israel was the first party to confirm that the nation officially\nattacked Iran.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/developers-slow-down-new-projects-amid-iran-versus-us-israel-conflict-1772466971",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}