Archive for the ‘Condominium’ Category
Indonesian property sector recorded a new demand for condominiums in the quarter I-2010 as many as 1150 new units. “Active-quarter sales in 2010, supported by lower interest rates on loans by approximately 90-10 percent of bank interest,” said Associate Director of PT Procon Indah Utami Prastiana, told reporters at a press conference in the event of research results in the property market developments in first quarter Procon -2010, in Room Building Forum Indonesian Stock Exchange (IDX), Jakarta, Tuesday (11/05/2010).
In addition, he continued, active developers in offering a lower down payment and payments gradually with a sufficiently long period of trial flexible. “From our projections, new supply will enter the market in second-quarter 2010 to 2011 amounted to 12 thousand units,” he added. With the level of competition that still remain higher, the developer would provide an attractive incentive in the payment pattern. “The government’s policy while maintaining the BI rate is 6.5 percent, predicted sales would help absorption condominium better,” he said.
Just for information, the total supply during the first quarter condominium-2010 in Jakarta, was recorded at 71 760 units, where the level of sales increased 97 percent in the quarter I-2010, an increase of two percent in the first quarter-2009 amounted to 95 percent. 2010 occupancy levels increased from 63.4 percent in the quarter I-2009 to 70.9 percent in first quarter-2010. Average condo sales level was significant increased to 68 percent and sales of condominiums are still under construction amounted to 2200 units, mostly from middle and upper segments in Jakarta
A condominium, or condo, is a form of housing tenure where a particular part of real estate (generally room apartment) is owned privately while the use of and access to facilities such as hallways, heating system, elevators, exterior under law associated with private ownership and is controlled by property owners association that describes the entire section. The term is often used to refer to the unit itself to replace the word “apartment”. There have been many changes over time in line now providing apartments / condos that are sold to customers (selling an apartment or selling a condo). Condominium is the legal term used in the United States and some Canadian provinces. In Australia and the province of British Columbia in Canada is called a strata title. In Quebec the term syndicate of co-ownership is used. In England and Wales with common hold, a form of ownership was introduced in 2004 and unusual in some places.
In Indonesia there are condominiums, for example in Kemang Village. There are many available condominium for sale or apartments for sale. And will continue to grow.
Conduct Search
1. Be prepared: to create a summary of its current tenant and its previous five addresses and phone numbers, your employer and length of employment, salary and other income, personal references, among other information. Include a copy of your credit report.
2. Look in the classifieds of newspapers, apartment hunter, college campuses, bulletin boards, and online. Ask friends about openings in their buildings.
3. Consider how much you can afford to pay. A good rule of thumb is no more than 30% of net income per month.
4. Getting a rental agent to narrow your search. Depending on the market, the service may be free (paid for by landlords) or cost of a percentage of their income to the floor of the apartment. Read the rest of this entry »