Will Jakarta office prices hold steady till the end of the year?

Strata office prices are currently at IDR55.7m/sqm in the CBD.

Prices of strata-title office space have yet to see any significant change in 2022. According to a Colliers report, the average selling prices remain unchanged both in the CBD and outside the CBD, and these are IDR55.7 million and IDR36.2 million/sqm, respectively. 

“With no strong catalyst in the office market, the average selling price is projected to stay stable until the end of 2022,” the analyst said.

Here’s more from Colliers:

Nevertheless, some landlords still confidently expect higher prices, especially for buildings which have small available space for sale. In terms of sub-markets, the selling prices in Jakarta show large gap variations. 

Strata-title building owners of relatively newly operating projects are becoming more motivated to offer leasing schemes in order to cover operating costs. On the positive side, this will make the project become more interesting for strata-title buyers because the property will already have guaranteed rental income.