Property Prices in Bekasi Regency Remain Stable During Pandemic

The property market in the easternmost region of Jabodetabek, particularly Bekasi Regency, is increasingly developing. Compared to East Jakarta or Bekasi City, the property market in this area is relatively more stable, even during the Covid-19 pandemic.

The Rumah.com Indonesia Property Market Index (RIPMI) 2021 recorded an increase in the combined property price index (houses and apartments) in Bekasi Regency, both quarter-on-quarter (QoQ) and year-on-year (YoY).

Quarter-on-quarter, the highest increase in the combined property price index in Bekasi Regency occurred in the third quarter (Q3) 2020 at 6.5 points, with the sharpest decline of minus 0.9 points in the second quarter of 2020. Year-on-year, in the first quarter of 2021, the combined property price index in Bekasi Regency rose 6.1 points to 110.8.

Massive infrastructure development, such as toll roads, is driving the development of the property sector in Bekasi Regency. Improved land transportation access, coupled with a shift in consumer preferences for property, will make Bekasi an increasingly sought-after area for property hunters, both for residential purposes and investment.