Indonesia
Jakarta Grade A office rents down 2.2% in Q3
There are still massive discounts available for tenants.
Jakarta Grade A office rents down 2.2% in Q3
There are still massive discounts available for tenants.
Automotive, tech firms scrambling for industrial land in Jakarta
There were at least 3 transactions of 13 hectares for data centre companies in Q3.
Jakarta office rents on a downward streak for over two years now
But rental declines are now slowing with only a 0.6% drop in Q3.
Jakarta’s retail occupancy rate drops to 71.2% in Q3
This is a 7% decline from the start of the pandemic in Q2 2020.
Indonesian residential developers find new creative ways to promote projectsÂ
Some have been using online channels like Instagram and TikTok.Â
Jakarta’s office supply to be halved by end-2021
Total supply will grow 1.6% this year, but it will be 50% lower than last year.
Eight lodging properties to open in Jakarta before year-end
This translates to 1,500 new rooms.
How ready is Jakarta's office market for the rising demand in green spaces?
Less than 20% of the city's office supply obtained green certifications.
Office tenants in Jakarta still undergoing massive downsizing
One tenant surrendered around 30,000 sqm of space.
Everything you need to know about the data centre market in Indonesia
Greater Jakarta is the key market in the country with over 70MW of capacity as of 2020.
Jakarta CBD office occupancy rates hit sub 80% for the first time
The average occupancy rate fell 1.1% to 79.2% in Q2 2021.
Giant global tech firms to build data centres in IndonesiaÂ
Projects by Microsoft, Google, Amazon, Alibaba, and more will be completed over the next two years.
Industrial land expansions to watch out for in Greater Jakarta
Several industrial areas in the region are expected to be further developed.
Jakarta’s retail supply to rise 2.5% annually till 2025Â
By the end of 2021, total retail supply will reach 2.91 million sq m.
Jakarta’s strata-title apartment sector has yet to recover despite government intervention
Only 575 units were sold until the first semester of 2021.Â
Jakarta tagged as the most variable market for office rents in APAC
Between 2010 and 2015 rents in Jakarta more than doubled and then subsequently tumbled by 30% over the next five years.
Why Indonesia’s data centre market looks promising for property developers, investors
Developers may consider developing assets inside Central Jakarta.
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EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges
![EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges]()
Co-Written / Partner
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
