Indonesia
Asking prices of Jakarta apartments inch up 0.3% in Q1
Asking prices of Jakarta apartments inch up 0.3% in Q1
South Jakarta had the greatest price increase.
Jakarta records Q1 retail occupancy rate of 73.8%
Middle class malls continue to struggle with occupancy.
Jakarta to see nearly 5,000 new apartment units by 2027
Over half of these units will be handed over this year.
Jakarta CBD office occupancy inches up to 74.5% in Q1
Multinational companies remain attracted to the CBD area.
Industrial transactions in Greater Jakarta increase by almost twofold
Total transactions hit over 427 hectares in 2024.
Surabaya retail occupancy rate to grow by 3% annually until 2027
And rents are expected to rise by 2% this year.
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 to see nearly 1m sqm of new industrial supply by 2027
This will cause vacancy rates to hit 12-13%.
Jakarta Grade A office rents decline by 1.1% in 2024
This is despite the slight increase in Q4.
Jakarta’s total hotel supply reaches 64,400 rooms in 2024
This includes serviced apartments.
Jakarta retail occupancy rate stable at 74.7% in 2024
Landlords maximised lease renewals.
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.
Serviced apartment rents in Jakarta to rise by up to 3% in 2025
The growth will be driven by increases in existing apartment rates.
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