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Displaying 1-24 out of 38 results
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Jakarta Retail Market Overview H2 2023
The retail market experienced its continuous recovery driven by increased consumer activities and shopping back in full swing. Pressures on purchasing power may continue to intensify due to rising…
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Jakarta CBD Office Market Overview H2 2023
Recovery persisted with flight to quality and consolidation of group companies mainly contributing to a higher annual demand. Yet, rentals remained highly competitive in a tenant-led market with…
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Industrial Market Overview H2 2023
The bi-yearly Greater Jakarta industrial market overview analyzes latest development trends, provides insights and tracks market dynamics of land sales in major industrial estates located in areas of…
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Jakarta Rental Apartment Market Overview H2 2023
Supported by short-stay guests during the year-end holiday season and business travelers, the rental apartment market continued to see gradual improvement in occupancy and asking gross rentals.
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Jakarta Strata Apartment Market Overview H2 2023
Strata condominium market in Jakarta remained to experience sluggish performance with a slower pre-sales and minimal price growth. Developers faced weak demand and financing difficulties, leading to…
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Jakarta CBD Office Market Overview H1 2023
Rentals remained under pressure despite stronger demand coming from flight-to-quality and group company consolidation as double-digit supply continued to outpace absorption.
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Jakarta Rental Apartment Market Overview H1 2023
Bolstered by the resilient economy, rising daily and short-term stays partly helped to sustain the occupancy level and rental growth. Greater supply pipeline may pose strong competition.
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Jakarta Retail Market Overview H1 2023
Amid a shifting retail landscape, upmarket retail malls have improved significantly, while other lower grade malls, particularly strata-titled malls, remained struggling in their recovery.…
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Jakarta Industrial Market Overview H1 2023
Despite slower sales absorption, asking land prices remained relatively stable. Manufacturing, Automotive-related and Data Center continued to contribute as the major demand drivers of land sales.
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Jakarta Strata Apartment Market Overview H1 2023
Demand for strata condominiums in Jakarta remained subdued amid cautious buyer sentiment. With the expected ease of property ownership for foreigners to purchase properties, it may be deemed to…
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Jakarta Strata Condominium Market Overview H2 2022
Demand for strata condominiums in Jakarta remained weak despite the re-opening, with potential buyers—especially investors—still cautious about buying. Concerns over supply glut, rising cost of…
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Jakarta Industrial Market Overview H2 2022
Data center, chemicals and electronics continued to perform as the primary drivers of land sales on the back of economic resilience and the lifting of all Covid restrictions.
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Jakarta Rental Apartment Market Overview H2 2022
With the returning of expatriates and business activity back to normal, the rental apartment market continued to see further improvement in occupancy and asking gross rentals.
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Jakarta Retail Market Overview H2 2022
The retail market rebounded strongly supporting its sales expansion, underpinned by increased footfall and consumer spending. However, the upward trend may still be clouded with concerns of…
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Jakarta CBD Office Market Overview H2 2022
The Jakarta office market showed signs of improvement after the Covid-19 restrictions fully lifted and returning to normality. However, rents continued under downward pressure despite recording…
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Jakarta CBD Office Market Overview H1 2022
The improving pandemic situation in early part of 2022 has led employees to gradually return to office, along with the resurgent of market activities. However, excess new supply and double-digit…
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Jakarta Condominium Market Overview H1 2022
The pre-sales rate in the first half of 2022 was registered flat, with the market expected to remain sluggish despite increased activities and the extended VAT waiver. Excess supply, increased cost of…
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Industrial Market Overview H1 2022
Following the lifting of lockdown measures, pent-up demand has strengthened the industrial land sales volumes in the first half with data center and chemicals industries continuing to emerge as key…
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Jakarta Retail Market Overview H1 2022
Two years after the pandemic emerged, the market recovery continued to gain positive momentum in the first half, leading to increased mall foot traffic and higher spending. After all, potential…
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Industrial Market Overview H2 2021
With greater optimism and in anticipation of future rising inquiries, the cumulative total supply in the Greater Jakarta area increased by 4. 1% (yoy), recording at 13,711 hectares in the second half…
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Jakarta Condominium Market Overview H2 2021
With the record low added new supply of condominium units, the cumulative total supply increased only slightly by 0. 9% from the end of 2020 to 225,563 units, representing an additional supply of…
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Jakarta Retail Market Overview H2 2021
Following the re-opening of retail malls and stores after the temporary closures in July to mid-August 2021 due to the Delta-variant cases, the Jakarta retail market managed to recover with increased…
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Jakarta CBD Office Market Overview H2 2021
Office inquiries started to gradually recover in the fourth quarter of 2021 after the peak of second wave in the third quarter, causing mobility and activity restrictions. New speculative projects in…
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Jakarta Rental Apartment Market Overview H2 2021
The total cumulative supply for both serviced and purpose-built rental apartments in the second half of 2021 decreased slightly by 0. 7% (yoy) to 8,919 units with a conversion of one non-serviced…
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