Comparison of the property practitioners and consumer preferences on housing prices in the Jakarta metropolitan region

Abstract

Purpose

The purpose of this paper is to compare the different preferences between property practitioners and residential consumers on housing prices in the Jakarta Metropolitan Region.

Design/methodology/approach

The Jakarta Metropolitan Region as the largest metropolitan city in Indonesia was selected as the main sample city for this study. This study comprises 134 respondents from property practitioners and 277 respondents from residential consumers. Data were collected from all regions in Jakarta Metropolitan Region and their respective satellite cities. Descriptive analysis, the correlation study, Wilcoxon t-test and principal component analysis were used to compare the findings between each group’s preferences on housing attributes.

Findings

The results of this research provide an analysis on the different decisive attributes for each group, disparities on the correlation between attributes in housing consumers and property practitioners and disagreements among each group on the attribute preferences influencing housing prices in the Jakarta Metropolitan Region.

Research limitations/implications

In conclusion, the study provides valid and dependable evidence on different consumers and property practitioners attribute preferences for housing products in the Jakarta Metropolitan Region.

Originality/value

This research is the first to compare the attribute preferences for housing products between housing consumers and property practitioners in Indonesia. In addition, this study is one of the first to reaffirm preference attributes influencing housing product prices in Indonesia.

Citation

Rahadi, R.A., Wiryono, S.K., Koesrindartoto, D.P. and Syamwil, I.B. (2015), "Comparison of the property practitioners and consumer preferences on housing prices in the Jakarta metropolitan region", International Journal of Housing Markets and Analysis, Vol. 8 No. 3, pp. 335-358. https://doi.org/10.1108/IJHMA-10-2014-0043