The provision of land for the food self-sufficiency programme is\nestimated to erode the availability of land for housing. The property\nmarket will thus shift towards vertical housing.<\/p>\n
\u201cAn interesting point is that Indonesia is now aggressively pursuing\nfood self-sufficiency, which requires an extraordinary amount of land.\nAnd just recently, regulations or prices for vertical houses have been\nissued,\u201d said Deputy Chairman of the Regulation and Permitting Division\nof the Real Estate Indonesia (REI) Central Java Chapter, Bambang\nSriyanto, at the opening of REI EXPO 2026 at Mall Solo Paragon on\nFriday, 17 April 2026.<\/p>\n
REI EXPO 2026 is organised by the REI Solo Raya Commissariat. This\nexhibition is the fifth to be held since the REI Solo Raya\nCommissariat\u2019s board was inaugurated in 2024.<\/p>\n
Bambang predicts that over the next five years, the housing trend\nwill shift from landed houses to vertical housing. Land scarcity and\nrising land prices are seen as making land-based homes increasingly\nunaffordable for the public. The public will be directed towards\nvertical housing, with the consequence of higher construction costs and\nhigher operational expenses.<\/p>\n
\u201cIn the next five years, there will be no houses touching the ground.\nIn the next five years, houses will be expensive, and you won\u2019t be able\nto garden. And living in houses that don\u2019t touch the ground, besides the\nhigh building costs, the operational costs are very high, and\nsocialisation is very limited,\u201d he said.<\/p>\n
Bambang also encourages the public to take advantage of the current\nmomentum, when stocks of landed houses are still available in the\nmarket. He views the organisation of the REI Expo as a strategic\nopportunity for prospective buyers before the property market structure\nchanges become more evident.<\/p>\n
\u201cSo at this extraordinary expo opportunity, while the developers\u2019\nhouse stocks here are still all touching the ground, please take\nadvantage of it, everyone present in this mall. Feel free to transact,\u201d\nBambang stated.<\/p>\n
Meanwhile, according to the Chairman of the REI Solo Raya\nCommissariat, Oma Nuryanto, another structural challenge facing the\nproperty industry currently is the global and domestic economic\nconditions, including issues with Protected Paddy Fields (LSD) with\noverlapping regulations between central and local or regency\/city\nlevels.<\/p>\n
\u201cMany developer friends who have already taken credit end up being\nhampered by this problem and stop halfway, potentially leading to bad\ndebts,\u201d he revealed.<\/p>\n
Through REI EXPO, which this time is held from 16 to 26 April 2026,\nit is hoped to boost property sales amid industry pressures that have\nbeen felt since the beginning of the year. According to Oma, the current\nmomentum is considered right for the public to buy houses.<\/p>\n
\u201cInterest rates are relatively low, around 4 to 5 percent. This is\nvery attractive for consumers to take out mortgage loans, both\nsubsidised and commercial,\u201d he said.<\/p>\n
In addition to low interest rates, other stimuli come from government\npolicies in the form of tax incentives. The Value Added Tax (PPN)\nexemption programme, which still applies until the end of the year, adds\nfurther appeal for prospective buyers.<\/p>\n
The organisers are also offering aggressive promotions, including\nUmrah pilgrimage prizes for consumers who buy houses in cash worth Rp 2\nbillion. This step is expected to encourage instant transactions at the\nexhibition site.<\/p>\n
Optimism among industry players is also driven by the latest policy\nfrom the Financial Services Authority (OJK) regarding the relaxation of\nrules for the Financial Information Service System (SLIK). In that\npolicy, people with small credit records under Rp 1 million still have\nthe opportunity to access subsidised home ownership credit (KPR).<\/p>\n
\u201cThis is a breath of fresh air for developers, especially the\nsubsidised segment, because previously many credit applications were\nhampered,\u201d said Oma.<\/p>\n
REI EXPO 2026 is attended by 30 participants consisting of 15 housing\ndevelopers and 15 supporting sectors, such as banking, building\nmaterials shops, to Umrah travel agencies. The organisers target\ntransaction values of Rp 50 billion, up from last year\u2019s achievement of\nRp 30 billion.<\/p>\n
One of the exhibition visitors, Nur Anggraini, said she was looking\nfor information about housing. She plans to buy a house this year for\ninvestment in the Solo Raya area.<\/p>\n
\u201cThere are many interesting choices. I\u2019m looking for information\nfirst for consideration in buying the house I want. Hopefully, there\u2019s\none that fits,\u201d Nur said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/rei-land-for-food-self-sufficiency-triggers-vertical-housing-trend-1776505843", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }