‘The rich always have property, even though he is not a property businessman’. Yes, that’s a suitable phrase about property. No less a Ray Kroc-the owner of a fast-food restaurant from the land of Abang Sam-admitted that in fact his business was a property, rather than a fried chicken and burger seller. Hmmm.
Once the property business is so sexy, so now, it’s not strange we see a businessman who is usually not known as a property businessman, later he emerged as a property businessman with a flashy project.
Why are they stalking into the property business? Many reasons, especially because the property business is very attractive and profitable. Uniquely in the property business, large profits are still accompanied by relatively low business risk. The rising property value continues to be the reason.
So that a property project that is abandoned if one day will be developed again or sold can be profitable, provided the land is not problematic. This is just one reason that is put forward, there are many other reasons.
Another reason is the need for property or boards, along with clothing and food including the primary human needs. It means everyone needs property (residence). Without shelter people can not live normally. So that until whenever people will still need property so the business will never die.
Property business deals with many businesses in it
A property project deals directly and indirectly with hundreds of different professions. Inside there is a formal sector and there is also a non-formal sector.
The formal sector is represented by government agencies through its officers or staff while the informal sector is represented by workers and all those involved in the project.
Let’s take a look at a property project involving professionals like Notary / PPAT, appraisal (appraisal), architect, consultant, civil engineer, insurance, banking, surveyor, contractor, agent or property broker, graphic design, marketing consultant, property manager and others -other.
Property Project Involves Non-Formal Sector
In addition a property project involves the non-formal sector such as builders, foremen, security officers, cleaners, material suppliers, event organizers, traditional marketers, locals, food traders around the premises, community organizations, and many more professions related to a property projects.
Property Projects Also Involve the Formal Sector
The formal sector that deals with a property project are government agencies such as the Ministry of Agrarian Affairs and Spatial Planning represented by the National Land Agency (BPN) or the land office, the agencies dealing with licenses and buildings such as the local government through the spatial / city planning, Bappeda, sub-district, village or village and others. then there are ministries related to licensing such as the Ministry of Environment, Ministry of Settlement and Regional Infrastructure, Ministry of Public Works and Public Housing.