Growth in Indonesia 's property market is still considered to be reasonable because with strong demand as a result of economic growth that drives bertambahnha middle class with increasing purchasing power .
Observers are banking on the Deposit Insurance Agency ( LPS ) , Mochamman Doddy Ariefianto , express it , related phenomena property market slump in Asian countries such as China , Hong Kong , and Singapore to Kompas.com , Saturday ( 04/19/2014 ) .
" Implementation of LTV , higher interest rates or other cooling policies in a monetary tightening package can effectively slow the rate of growth of property to the state fair and positive . Since 2012 Indonesia has already anticipated the possibility of a property bubble . So , if there is a decrease will not be too steep dive , " said Doddy .
The decline in growth , said Doddy , occurs very smooth . This condition has been going on before the property slump phenomenon in China , Hong Kong , and Singapore . Moreover , the total value of mortgages ( mortgage) only half of the 28 percent of consumer loans to total loans of Rp 3,200 trillion as of January 2014 .
" So , the growth will continue . Percentage is not as high as before the only monetary tightening 35 percent . Currently and in the future growth of only 20 percent , " Doddy said .
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The growth , he added , driven by sales incentives that stimulate developers to produce . Despite braking , sales remain high . Prices skyrocketed as demand continues to strengthen.