|Unit||Index 2002Q1=100, NSA|
|Adjustments||Not Seasonally Adjusted|
The residential property price survey is a quarterly survey seeking information on developer's sentiments towards residential property prices. Base year is 2002Q1 = 100.
The type of houses surveyed in the Residential Property Price Index is a new house.
The data collected in each survey includes the developer's covered price and total sales in the recent quarter as well as predictions for the next quarter. The composite index is developed by simple average chain index.
Residential Property Price Survey is conducted on primary market which has a quite a lot scale of activity and while yet build a house continually.
Survey includes 16 cities such as Bandun, Bandar Lampung, Banjarmasin, Denpasar, Palembang, Semarang, Yogykarta, Padang, Medan, Makassar, Manado, Surabaya, Pontanak, Batam, Balikpapan, Jabodebek-Banten. Types of house were classified based on the width of the house, namely: small/moderate type house (under 36 m2 building width), medium type house (building width > 36 m2 to 70 m2), and large type house (building width more than 70 m2).
Data collection is conducted on quarterly basis by Bank Indonesia’s Head Office and 13 Bank Indonesia Offices about 260 developers in 14 cities by the following means: (1) Direct interview to the respondent (developers) and/or (2) Sending questionnaire to the respondents. Data collection for Jabodebek-Banten area was conducted by third parties (consultant / surveyor) appointed by Bank Indonesia, while the survey in KBI areas were conducted by theirselves and third parties.
The data are provisional when first released and are subject to ongoing revision until they are made final no later than 12 months after the end of the reference quarter.