The Biggest Property Exhibition Indonesia International Property Expo (IIPEX) 2019

The Biggest Property Exhibition Indonesia International Property Expo (IIPEX) 2019. From holding exhibitions in four cities simultaneously, the Chairperson of the Indonesian Real Estate DPP (REI),

The biggest property exhibition Indonesia International Property Expo (IIPEX) 2019 was officially opened yesterday (Wednesday, 9/25) at the Jakarta Convention Center. The exhibition was inaugurated by the Minister of Agrarian Affairs and Spatial Planning / Head of the National Land Agency (ATR / BPN) Sofyan Djalil. The process was carried out simultaneously through live streaming in four cities namely Jakarta, Bali, Medan and Surabaya.

The Minister of ATR / BPN was accompanied by the Director General of Construction of the Ministry of PUPR, Syarif Burhanuddin; Chairman of the Indonesian Real Estate DPP (REI), Soelaeman Soemawinata; PropertyGuru Group Chief Business Officer, Jeremy Williams; President Director of Dyandra Promosindo, Hendra Noor Saleh; BTN Consumer Banking Director, Budi Satria; BRI Consumer Loan Division Assistant Vice President, Oky Nugroho; and Vice President of BNI Consumer Lending, Egos Mahar.

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IIPEX 2019 is an event organized by the collaboration of Real Estate Indonesia (REI) with Dyandra Promosindo and Rumah. com as the leading property portal in Indonesia.

In his remarks, the Minister of ATR / BPN congratulated the opening of the 2019 IIPEX exhibition. "We from the ATR / BPN Ministry congratulate, good luck until the following years. Through this exhibition, investors and property businesses must be optimistic that the Indonesian economy will be better going forward and be able to overcome various obstacles both on an international and domestic scale, "he said.

The ATR / BPN Ministry itself participated in IIPEX 2019 by presenting a booth with the State Savings Bank (BTN), which offers a variety of land services from land offices throughout DKI Jakarta. These services range from changes in land rights, checking certificates, checking land value zones, as well as socialization of electronic mortgage rights or HT-el systems.

The HT-el system is a series of mortgage rights service processes in the context of maintaining land registration data carried out through an integrated electronic system. Types of services in the HT-el System include registration of mortgage rights, transfer of mortgage rights, change of creditors' names, and write off of mortgage rights (roya).

The existence of the HT-el system will shorten the time for completion of the making of the Mortgage certificate, from the previous 3 to 6 months to only 7 days. In implementing this system, the ATR / BPN Ministry appoints BTN as a partner bank.

Meanwhile, the Director General of Construction of the Ministry of Public Works and Public Works, Syarif Burhanuddin, said that his party was very happy to hold an exhibition that was enlivened by the presence of local and foreign developers with various property options.

"I am sure that the exhibition will be able to boost the performance of the housing market, both in terms of supply and demand. This exhibition also provides information, education, and alternative choices for the people of Indonesia, especially millennials in finding and choosing housing. Hopefully the IIPEX 2019 exhibition will also be able to inspire investors to invest in Indonesia in a rush, "he said while giving a speech.

The IIPEX 2019 property exhibition in Jakarta has been going on for four days since September 21 and can still be visited by the public until September 29, 2019. While in the other three cities, it will be held from September 25-29 in 2019 at Trans Studio Mall (Bali), Plaza Medan Fair (Medan) , and East Java Expo (Surabaya).

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More than 200 developers with 1,000 property projects have participated in the exhibition, with varied pricing options ranging from Rp 100 million subsidized houses to Rp 5 billion luxury residences.

IIPEX Targets IDR 1 Trillion Transaction

From holding exhibitions in four cities simultaneously, the Chairperson of the Indonesian Real Estate DPP (REI), Soelaeman Soemawinata, said he was optimistic that the event would be able to record a total transaction value of Rp1 trillion.

"We predict the highest transaction from the exhibition in Jakarta worth Rp830 billion, then in Surabaya as the largest business city after the capital of the transaction target of at least Rp70 billion. "For the other two cities, Bali and Medan, each has a minimum of Rp. 50 billion," he explained.

The optimism upheld by REI is based on the principle that the property market in Indonesia still exists and will always exist. Although there had been a weakening in the last few years, still the human need to have property as a means of residence and investment has not been replaced.

"Therefore, we believe that IIPEX 2019 is capable of bringing an ice breaking effect, not only for consumers but also for developers to be subjects, pioneers, and proactives in picking up economic and property market revival. REI members themselves annually contribute 40% of the achievement of the One Million Houses program, which is a concrete effort by REI as the Government's leading partner in providing public housing, "he added.

The enthusiasm shown by hundreds of developers in participating in the IIPEX 2019 event, according to Rumah. com's Country Manager, Marine Novita, is a reflection of the positive trends in the property sector in the second quarter of this year. Referring to the Rumah. com Property Index Q2 2019 report, residential property price trends show an increase both quarterly and annually.

The pace of rising property prices has not stopped since the recovery in the middle of last year. "The index shows property prices in Q2 2019 at 112.0 or up 2.17% quarterly (quarter-on-quarter / q-o-q). This increase is better compared to the increase in the previous quarter which was only 0.8%, "he explained.

On the other hand, the Government is responding to the market with a number of policies that have been created to reduce the burden on society. One of them on August 22 yesterday, Bank Indonesia (BI) again cut its benchmark interest rate to 5.50% after previously being at 5.75% as of July 18, 2019.

The decline in the BI 7-Day Reverse Repo Rate or BI7DRR, which is a reference for interest rates in the property market for two consecutive months, is believed to be an attraction in the eyes of the public, especially for the lower middle segment who utilize the House Loan (KPR) facility from banks as the means in reaching the ideal home.

"The positive growth trend in the second quarter of this year is predicted to continue into the quarters afterwards. Generally the growth in property price increases is higher in the third quarter, where in the annual property cycle, the first quarter and the third quarter become a period of action. In this period, developers will be more aggressive in marketing. This is the reason why IIPEX 2019 which took place at the end of the third quarter was highly sought after by the property industry, "concluded Marine.

Target Presents 100 Thousand Visitors through Various Prizes


Meanwhile, President Director of Dyandra Promosindo, Hendra Noor Saleh, said that in terms of the target visitors, his party ensured IIPEX 2019 would be attended by a total of 100,000 property visitors.

"For Jakarta, we target 70 thousand visitors, while the other three cities will reach 10 thousand each. Since this event is dominated by middle and lower middle class projects, it is likely that the young families will come to buy housing for the first time, "he added.

Kohen, the nickname of Hendra Noor Saleh, continued that if he saw the current situation on the ground in connection with the demonstration yesterday (9/24), the organizers had now cooperated with the relevant security forces to ensure conditions around the exhibition area remained conducive and comfortable.

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Visitors can now access Hall A JCC through GBK 5, 7 and 10. In addition, we work with JCC to provide a free shuttle bus to accommodate visitors who come through these entrances, "he explained.

Buy the most important house collect the intention to buy a house

Therefore, to keep attracting people's attention towards the 2019 IIPEX event, the organizer presented a special promo for visitors, namely lucky draw in the form of cash worth Rp7.5 million. This prize will be drawn only on Thursday 26 September and Friday 27 September.

In addition, there are also various attractive offers from IIPEX 2019 including cashback of up to IDR 10 million for visitors who make transactions at the exhibition, lucky draw with various attractive prizes every day for visitors who come and register, and a grand prize of 1 unit of Toyota New The Avanza will be announced at the end of the event on 29 September.

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