Indonesia

Rental prices remained healthy despite lack of new supply.

The city’s average retail occupancy rate was 73.8% in Q1.

Rents saw a slight decrease in Q1 vs the prior quarter.

Founded in 2006, Paramount Land has grown to become one of Indonesia’s leading property developers.

Only one new development was completed during the quarter.

As a result, vacancy rates could hit up to 13%.

There were no new retail developments in the city.

Blending trusted Japanese quality with a bold vision for sustainable, high-end urban living, the company continues to shape Indonesia’s real estate landscape with resilience and innovation.

The developer projects an 18% return on investment on 30-year leases.

The beach property will offer upscale amenities and profitable investment returns, according to the group.

Most of the openings will be in the upscale and luxury segment.

Limited new supply is expected through 2025 and 2026.

There will be two 4-star hotels and one 5-star hotel.

A project from Ascott Group will add 726 units.

The total supply reached nearly 59,000 rooms during the quarter.

There are a couple more projects scheduled for delivery in 2026.