Indonesia
Jakarta retail rents remain stable but service charges grow
The average rental rate in Jakarta was IDR 563,428 in Q1.
Jakarta retail rents remain stable but service charges grow
The average rental rate in Jakarta was IDR 563,428 in Q1.
Farpoint clinches two Real Estate Asia Awards for Maestria Residences
Its Maestria Residences aims to become a vibrant community and a role model for sustainable development.
Jakarta retail occupancy rate to remain stable at 75% by end-2024
Thanks to committed tenants in upcoming malls.
Jakarta to see over 9,300 new apartments by 2026
Over 4,500 units will be completed in 2024.
Two new serviced apartments to watch out for in Jakarta in 2025
The projects will introduce over 400 new units.
Jakarta to see one new prime shopping mall this year
It will be located in the city’s central area.
Jakarta office rents down 7.3% in Q1
The rate of decline has slowed over the last two years.
Jakarta retail supply to hit 5m sqm this year
Three new malls are currently under construction.
Jakarta to see over 1,800 new luxury hotel rooms by year-end
This will be the highest figure for the next three years.
Jakarta serviced apartment supply to hit nearly 7,800 units by 2025
There are 7,074 units as of Q1 2024.
Jakarta office occupancy to reach 76% by year-end
The average occupancy rate in the CBD was at 74.7% in Q1.
Jakarta apartment prices to rise by up to 2% between 2024 and 2026
Prices slightly increased by 0.6% in Q1.
Jakarta office space demand to hit up to 150,000sqm per year till 2026
Rightsizing continues to be a trend amongst occupiers.
Jakarta to see over 9,300 new residential units by 2026
Nearly half of these units will be completed this year.
Here are 5 Indonesian hospitality sectors that are slated to perform well this year
Business hotels are expected to grow by up to 8%.
Jakarta prime retail supply expected to be ‘scarce’: JLL
Though there is a notable new mall slated to open in the first half of 2024.
Over 1,600 rooms to enter Jakarta’s hotel market in 2024
This will cause the city’s hotel supply to grow by 2.9%.
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1. Hotel investments lag despite operational improvements 2. APAC 2024 data centre investments to be fuelled by “insatiable demand”: analyst 3. Mumbai office supply hits highest quarterly level in almost three years 4. Singapore real estate investment sales to hit up to S$25b this year 5. Hong Kong real estate investment drops to second-lowest half-year total since 2008Resource Center
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Real Estate Asia Awards 2024 Winner: Dubai Land Department
![Real Estate Asia Awards 2024 Winner: Dubai Land Department]()
Residential
Mureed Mustafa, Director of Operations at Dubai Land Department highlights their digital platform Dubai REST that allows customers to conduct transactions 24/7 online. The company saved notable amounts of carbon emissions, equivalent to conserving billions of trees.
Dubai Land Department won the Customer Service Innovation Of The Year - United Arab Emirates and Digital Initiative Of The Year - United Arab Emirates at the Real Estate Asia Awards 2024. For leading the company to success, CEO, Majid Saqer Almmari won the CEO Of The Year at the awards programme.
Visit here for the full story.
Residential
Real Estate Asia Awards 2024 Winner: Dubai Land Department
Mureed Mustafa, Director of Operations at Dubai Land Department highlights their digital platform Dubai REST that allows customers to conduct transactions 24/7 online.
