PREMIUMTiny space-living: Jakartans squeeze into smaller, more affordable apartments

first_imgLOG INDon’t have an account? Register here apartment apartment-management housing housing-sector satellite-city Jakarta-housing Forgot Password ? Facebook Linkedin Topics : Log in with your social account With land expensive and hard to get and house prices rising in Jakarta, accommodation issues remain a challenge with many people shifting to tiny-space living for the sake of getting a roof over their head.The need for affordable living space, even if small, is seen as an opportunity with some property firms starting to develop smaller apartments, and studio units, of around 20 square meters.Wendy Haryanto, executive director of the Jakarta Property Institute (JPI), which mediates a dialogue between the government and real-estate players, said there was a growing business to provide apartment units of smaller size.She cited as an example the Osaka Riverview apartments — part of the 1,000-hectare Pantai Indah Kapuk 2 complex in North Jakarta owned by property giants Agung Sedayu Group and Salim Group. The apartment building, to be developed in 2022 according to its website, i… Googlelast_img