Indonesia

Why Jakarta office landlords must focus on tenant retention strategies 

Demand is expected to remain modest for the rest of 2024.

Why Jakarta office landlords must focus on tenant retention strategies 

Demand is expected to remain modest for the rest of 2024.

Existing projects dominate Jakarta’s Q2 residential sales

Nearly 69% of the sales were from existing projects, thanks to buyer preference for established developments.

Jakarta’s cumulative office supply hits over 11m sqm in Q2 

Analysts expect it to remain unchanged until 2025.

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 to see over 9,300 new apartments by 2026

Over 4,500 units will be completed in 2024.

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 office occupancy to reach 76% by year-end

The average occupancy rate in the CBD was at 74.7% 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.