Jakarta, CNBC Indonesia – Property prices in the Menteng area of Central Jakarta and Pondok Indah (PI) South Jakarta are among the highest in DKI Jakarta. As an elite area, both are in a strategic position in the middle of the city.
Currently there is a trend of owners selling their homes at low prices. The pandemic makes a lot of people need money, including the upper class, so the number of offers is increasing and the prices are dropping, let alone already over price.
What is the price of property in the area, especially land?
“Compared to Pondok Indah, it’s taller in Menteng. Prices in the middle of the city so the price is decent. But again, how about the form of property assets, examples of building materials? full marble or not,” said C21 United Broker Evert Niel to CNBC Indonesia, Tuesday (6/7).
He also mentioned that at several points in the Menteng area, land prices have almost reached Rp. 100 million/m2 or more. Mainly in several strategic areas to shopping centers.
“Menteng, if you take the Sudirman route, it’s more expensive in the direction of Grand Indonesia. If you go back towards Manggarai, it starts to go down. The highest is Menteng-Menteng in that area. Some are Rp. 80 million/m. Not me, but a friend who sells it on Jalan Plaju is near Tosari. That’s IDR 80 million open, the house is still good,” said Niel.
Meanwhile in the Pondok Indah area, land prices here are expensive compared to other areas in Jakarta. However, when compared to Menteng, the tendency is still to lose, especially at strategic points.
“Pondok Indah Rp. 20 million to Rp. 30 million/m2 is still available, depending on the location, so it varies,” he explained.
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