Manado's House Price Growth Highest Compared to Other Cities
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Manado recorded the highest house price growth in Bank Indonesia's (BI) Residential Property Price Survey (SHPR). House prices in Manado grew by 5.97% year-on-year (yoy) in the third quarter of 2021.
Pontianak followed in second place with 3.9% yoy growth in the same period. Yogyakarta ranked third with 3.24% yoy growth.
The Jakarta, Bogor, Depok, Bekasi, and Banten (Jabodebek-Banten) area ranked tenth with growth of only 1.25%.
Bandar Lampung was the only city in the survey to record a decline in house prices. Residential property prices in the province fell by 1.58% in that city.
The SHPR involved 18 cities in its survey. Data collection was conducted directly and included data on house sale prices, the number of houses built and sold, and estimated house sale prices in the following quarter.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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