James Riady Urges National Property Industry to Strengthen Local Foundations

Jakarta — Property taipan James Riady has emphasised the importance of strengthening the local ecosystem amid global economic uncertainty. One key strategy involves promoting the national building materials industry as a foundation to maintain the resilience of the property sector in the future.

Riady highlighted that dependence on global supply chains often creates vulnerabilities. This step is considered crucial to maintain price stability and unit availability amid market fluctuations frequently triggered by economic dynamics from the United States.

Riady specifically monitors United States economic movements as a barometer that influences the response of domestic economic models. He believes that market psychology is heavily influenced by fiscal and monetary policies from abroad, which subsequently impact investment interest in Indonesia.

Despite concerns about oversupply, Riady sees significant opportunities if the industry can adapt to future needs. “We cannot look at things from just one perspective. There needs to be courage to see broader economic potential, including how millennials view current property inventories,” he said.

One of Riady’s sharpest observations concerns changes in market behaviour. He observed a shift from passive investors to more active and selective ones. Opportunities no longer come automatically but must be created through architectural innovation and more human-centred regional development.

Integration between digital and physical infrastructure has become key to ensuring the property sector remains relevant to new generations. Riady believes that with the right ecosystem and deep understanding of market psychology, the national property industry will be able to overcome the challenges of the current uncertain global economic cycle.