The Masstige Strategy For Boosting Property Sales: Performance Analysis And Recommendations For Product Differentiation At PT. Neo Pudji Jaya

Authors

  • Setiyo Budi Tripriyono Universitas Muhammadiyah Jember
  • Feti Fatimah universitas muhammadiyah jember

DOI:

https://doi.org/10.37676/jmea.v5i2.1340

Keywords:

Masstige, Diferensiasi Produk, Penjualan, Perumahan, Citra Merek, Segmentasi Pasar

Abstract

Purpose: This study aims to analyze the potential of adding a variant of masstige-concept housing (2-storey houses) to increase sales for developer PT. Neo Pudji Jaya at Shaistanaya City Sidoarjo Housing, both for the masstige variant and the 1-storey house variant. Research methodology: The study uses a descriptive quantitative approach with secondary data in the form of annual sales data for the 2022–2025 period (realizations and sales targets), gap achievement analysis, and integration of Indonesian property market context data. Results: Sales realizations for 2022–2025 amounted to 145 units out of a cumulative target of 405 units (achievement 35.8%); the trend shows a peak in 2023 (64.4%) but declined sharply in 2024–2025 (30.8%–24.0%) despite continuously increasing targets, with a cumulative deficit gap of 260 units. Limitations: Data are not yet available by house type and do not yet include specific price variables, measurable promotion intensity, or prospect (leads) data, so causal proof is limited to theoretical and empirical argumentation. Contribution: The article provides managerial recommendations based on masstige literature evidence, Indonesian market segmentation, and property consumer behavior for product differentiation that can enhance area image and cross-variant sales.

Downloads

Download data is not yet available.

References

Burhanudin, B. (2024). Social media word of mouth and masstige purchase behaviour. Journal of Consumer Studies, 12(3), 156–172. http://cebr.vse.cz/artkey/cbr-202405-0004_social-media-word-of-mouth-and-masstige-purchase-behaviour.php

East Ventures. (2025, July). Unlocking the urban middle-class insights from Indonesia's fast-growing consumer segment. East Ventures Summit 2024 Report. https://east.vc/news/insights/unlocking-the-urban-middle-class-insights-from-indonesias-fast-growing-consumer-segment

Fasya, A. R. (2022). Masstige products and quality of life. SEAN Institute Journal of Economics, 5(2), 87–105. https://ejournal.seaninstitute.or.id/index.php/Ekonomi/article/download/801/666

Imalia, I., Kusumastuti, R. D., & Sugiharto, S. (2020). The influence of price, facilities, and location to the house purchase decision at PT Bhummi Graha. International Journal of Economics, Business and Accounting Research, 4(2), 45–58. http://repository.stei.ac.id/2409/2/21157500339_ArtikelInggris_2019-2020.pdf

Kasus, K., Susanto, H., & Rahman, A. (2021). Brand trust and perceived quality in housing purchase decisions: Evidence from Indonesia. Journal of Property and Real Estate, 8(1), 34–51.

Ken Research. (2026, January). Indonesia mortgage growth to USD 70Bn reshaping real estate market. Real Estate Market Analysis Report. https://www.kenresearch.com/articles/indonesia-mortgage-growth-rewiring-real-estate

Kencana, I. K., Putro, D. W., & Kusumadewi, D. (2024). Location and brand image outshine price in homebuyer decisions in Indonesia. Academia Open, 9(2), 1–18. https://acopen.umsida.ac.id/index.php/acopen/article/view/9155

Khusniah, R. (2024). How social media impacts on customer brand engagement: Evidence from masstige brand in Indonesia. Profit: Indonesian Journal of Economics and Business, 2(3), 112–134. https://profit.ub.ac.id/index.php/profit/article/view/2714/1399

Kumar, A., Paul, J., & Unnithan, A. B. (2020). 'Masstige' marketing: A review, synthesis and research agenda. Journal of Business Research, 121, 410–420. https://www.sciencedirect.com/science/article/abs/pii/S0148296319305557

Limakrisna, N., Latif, A., & Baskara, H. (2023). Influencing factors on housing purchase decisions: A quantitative study. International Journal of Law and Economics Research, 5(2), 89–108. https://ijler.umsida.ac.id/index.php/ijler/article/view/970

Mayasari, I. (2020). Purchasing massive prestige brands: The exploration of middle-class consumers in Indonesia. Advances in Management Journal, 7(1), 45–67. https://scholarhub.ui.ac.id/cgi/viewcontent.cgi?article=1079&context=amj

Moreno, J., & Paniagua, J. (2024). The mediating role of brand image on the influence of digital marketing and word of mouth on purchase intention in the property industry. International Journal of Social Sciences and Economic Studies, 5(2), 112–127. https://journalkeberlanjutan.com/index.php/ijesss/article/view/1052

Nustini, Y. (2025). Financial performance analysis of the Indonesian property market: Strategy and competitiveness of leading developers. Proceedings of International Conference on Accounting & Finance, 3, 507–522. https://journal.uii.ac.id/inCAF/article/download/38766/17864/131541

Paul, J. (2018). Toward a 'masstige' theory and strategy for marketing. European Journal of International Management, 12(4), 521–540. https://drjustinpaul.com/wp-content/uploads/2019/12/EJIM-Masstige-car-published.pdf

Paul, J. (2019). Masstige model and measure for brand management. European Management Journal, 37(3), 335–348. https://drjustinpaul.com/wp-content/uploads/2019/12/EMJ-Masstige-publishedCirrected-July-12.pdf

Rajput, A. S. (2024). The role of masstige strategies on perception of consumers toward premium products. KUEY Multidisciplinary Research Journal, 3(4), 234–251. https://kuey.net/index.php/kuey/article/view/2967

Silverstein, M. J., & Fiske, N. (2003). Luxury for the masses. Harvard Business Review, 81(4), 48–57.

Downloads

Published

2026-04-29

How to Cite

Tripriyono , S. B., & Fatimah, F. (2026). The Masstige Strategy For Boosting Property Sales: Performance Analysis And Recommendations For Product Differentiation At PT. Neo Pudji Jaya. Journal of Management, Economic, and Accounting, 5(2), 781–788. https://doi.org/10.37676/jmea.v5i2.1340

Issue

Section

Articles

Similar Articles

You may also start an advanced similarity search for this article.