Solo, Central Java (ANTARA News) - The Central Java branch of the Real Estate Indonesia (REI) said it is optimistic that house sales would increase in 2018 as a result of marketing drive by developers.

"This year sales totaled around 8,500 units and next year the sales are expected to rise to around 10,000 units," chairman of the Central Java branch of REI MR Prijanto said here on Wednesday.

Prijantono said he hoped there would be change in economic condition next year that would improve the purchasing power of the people.

Next year, the economic condition is expected to remain favorable despite the political tension with the regional elections, he said. Indonesia would hold simultaneous regional elections for regional leaders next year.

"At least we hope there would be no security problem, during the political year that the people would feel safe to invest in property," he said.

He said REI has succeeded in developing cooperation with a number of organizations in the procurement of houses for civil servants.

"We have cooperated with the Corps of Civil Servant (Korpri) for the provision of houses for civil servants. Here we have cooperation with the chairman of Korpri nationally and regionally," he cited.

In addition, REI has also built residential houses for the military and police , he said.

"We also cooperate with the Employee Social Security (BPJS Ketenagakerjaan) in providing house financing facility for workers in formal and informal sectors. Here there is financing facility for advanced payment or credit for house ownership (KPR)," he said.

Meanwhile, REI has also signed cooperation agreement with Bank Pembangunan Daerah (BPD) of Central Java administration on low cost house financing, he said.

"With the various forms of cooperation agreements, we are confident house sales would increase in 2018," he said.

(U.SYS/B/H-ASG/O001)

Reporter: antara
Editor: Heru Purwanto
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