Transit Oriented Development: The Future of Jakarta

Posted on : The Jakarta Post, 24 March 2018
HARIZUL AKBAR NAZWAR, B.Eng., M.Ec.Dev., MAPPI (Cert.)
(Certified Property Valuer & Real Estate Analyst at Amin, Nirwan, Alfiantori & Partners Valuation Firm)

According to a report from the United Nations, the world population growth is expected to touch 6.3 billion in 2030, of which 94% of the figure is contributed by developing countries including Indonesia. While there is an estimation of about 828 million people in developing countries will live in slums and live in homes that are unfit for habitation. This indicates that there are still many people who do not have the ability to have a decent and affordable home. Therefore, it becomes a logical consequence for our country, to control the problem of housing needs with an appropriate and effective approach. One of the solutions used in the context of housing needs is the procurement of affordable housing. (more…)

Property Market Review: From Commodity to Infrastructure Driven

Posted on : Bisnis Indonesia, 19 February 2019
HARIZUL AKBAR NAZWAR, B.Eng., M.Ec.Dev., MAPPI (Cert.)
(Certified Property Valuer & Real Estate Analyst at Amin, Nirwan, Alfiantori & Partners Valuation Firm)

A new era of the Indonesian property market began in the 1980s as seen in the development of new towns during the period between 1985 until the 2000s, such as Lippo Karawaci, Gading Serpong, Bumi Serpong Damai in Tangerang and Kota Legenda in Bekasi, east of the capital.

The new towns triggered the property market in the Greater Jakarta as an alternative for most of the middle and lower middle-class. Within a relatively short period the new town development managed to enter the market boom cycle due to soaring demand levels. (more…)

Land Banking : Solution for Agrarian Reforms

Posted on : The Jakarta Post, 22 December 2017
HARIZUL AKBAR NAZWAR, B.Eng., M.Ec.Dev., MAPPI (Cert.)
(Certified Property Valuer & Real Estate Analyst at Amin, Nirwan, Alfiantori & Partners Valuation Firm)

Housing backlog in Indonesia is relatively high. According to the Ministry of Public Works and People’s Housing, the housing backlog in Indonesia has reached 13.5 million units. This figure indicates that there are 13.5 million families that have no living place and/or permanent living place. Even the latest data from Perumnas stated that there is an increase in housing needs of about 800,000 units each year, caused by population growth and urbanization. On the other hand, the supply of houses that can be met in the residential class segment for low-income communities (MBR) is only 400,000 units per year, with a gap of 400,000 units per year. According to the data taken from Central Bureau Statistics, DKI Jakarta is the province with one of the lowest home ownership rate of 51.09%. (more…)