Indonesia

Asking prices of Jakarta apartments inch up 0.3% in Q1

South Jakarta had the greatest price increase.
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Jakarta records Q1 retail occupancy rate of 73.8%

Middle class malls continue to struggle with occupancy.
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Jakarta to see nearly 5,000 new apartment units by 2027

Over half of these units will be handed over this year.
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Jakarta CBD office occupancy inches up to 74.5% in Q1

Multinational companies remain attracted to the CBD area.
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Jakarta prime retail rents up 3.26% in FY2024

Rental growth remained stable due to high occupancy rates.

Jakarta to see several condominium projects in 2025

Ascott is expected to introduce three new developments this year.

Jakarta Grade A office rents decline by 1.1% in 2024

This is despite the slight increase in Q4.

Will Jakarta retail rents increase this year?

Average rents have remained stable in 2024 as landlords prioritise occupancy levels.

Apartment prices in Jakarta to increase by 1-2% by 2027

South Jakarta is expected to see the highest price hikes.

Jakarta serviced apartment supply to hit 7,752 units by end-2025

Nearly 600 new units are expected to be completed within the year.

Jakarta retail supply reaches 4.9m sqm by end-2024

A new mall opened in the final quarter of the year.