Description
Despite in the last five years (2015 – 2019) Indonesia property industry only grew by 3.8% on the average, lower than the economic growth of 5%, industrial players are still optimistic and believe that property industry will awake again in 2020 and it will boom in 2021 and 2022. The increasing indication has been seen in 2019 with market capitalization value of Rp. 114 trillion.
Based on the investigation output of CDMI Consulting towards 50 Top Indonesia Developers which their launched projects have fantastic investment value reaching trillion until tens of trillion as performed by ASTRA Property, CT Corp, RAJAWALI PROPERTY Group, AKR Land, GAMA Land, TOKYU Land, SYNTHESIS Development, SPRINGHILL Group, PARAMOUNT Group, CENTURY Properties, PREMIER Qualitas, TRIVO Group and VASANTA Group. Two latest companies are constructing superblocks by holding foreign investors namely DAIWA House Industry and Mitsubishi Corporation.
The performance of property companies listed in Indonesia Stock Exchange (BEI) seems to keep on increasing such as SINARMAS Group, PAKUWON Group, SUMMARECON Group, INTILAND Group, JABABEKA Group, METROPOLITAN Group, MODERN Group, METLAND Group, JAYA Group, PERDANA Gapura Group, POLLUX Group and many other companies. Total assets of these companies had soared in the last five years.
