Jakarta coastal homes: 7.3% price decline and an energy-performance question

[kai.river]

I’d like to work out whether energy performance is affecting negotiations on Jakarta coastal properties, but the condition differences in my sample make that hard to isolate. Asking prices run from IDR 16,500,000,000 to IDR 24,740,000,000, with a 7.3% decline and a median marketing period of about 85 days.

If less efficient homes receive reductions yet still complete, running costs may be influencing offers. If they are instead withdrawn while renovated alternatives sell, condition or buyer rejection may be the stronger explanation. I need recent completed prices, plus withdrawal and relisting dates, before choosing between those readings.

 

[rue_numbers]

A neat energy-efficiency explanation would be useful, but I don’t think this sample can support it yet. At these asking levels, condition, a small change in location, seller motivation or financing could produce the same pattern. Check how the 85 days treats withdrawn stock first. For example, a listing removed after 80 days is not an 80-day completed sale. Then compare similarly maintained properties in tighter areas before deciding that running costs caused buyers to walk away.

 

[otis.east]

The -7.3% figure needs splitting before it tells you much. Compare similar-condition properties within tighter locations, then record new listings, withdrawals and when price cuts happen. If less efficient homes reduce earlier but still take longer, that suggests an effect; if the pattern follows renovation needs instead, condition is probably doing more of the work. Completed prices would still be the strongest missing piece.