The only thing that is beneficial is that the land price will continue to rise and the building built on the land can be rented out.
So at this stage building a business in this sector can also be profitable.
Regardless of the amount of profit that can be obtained, the potential is still good enough to be pursued.
In my place, the enthusiasm of developers in building temporary housing is currently quite high from the developers and on average they have a partnership with the bank and if there are prospective buyers who have already made a deal with the property they will build, the installment payments will be immediately linked to the designated bank.
Of course, it is not only special investors who have a lot of money who take part, middle-class investors are also starting to take this opportunity because the need for affordable housing is increasing, both from ordinary people or civil servants or the private sector.
I am living in Indonesia, and here-let's say Jakarta the capital city and its surroundings, the already existing market shows a more mixed picture. Yes, the demand for low-cost housing has gone up, the middle class buyers started to get involved, but there are challenges too. For example, prices have gone up over time, and many buyers find tight borrowing conditions due to higher interest rates. Although the government has taken supportive steps-like extending mortgage tenors and offering incentives-again, not all of them are smoothly sailing, especially for middle class income.