INSIGHT

INSIGHT

The latest market insight about all property market sectors, including office building, retail, and industrial space

Jakarta Property Market Insight Q4 2023

Despite the positive demand in the office sector in 2023, yet the movement for Jakarta office market remains cautious, and we expect that such condition would remain unchanged. Careful assessment of space expansion amongst corporations amidst uncertainty or so-called wait-and-see, is the most likely scenario in the election year 2024.

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Jakarta Property Market Insight Q3 2022

The prolonged escalation of the war in Europe has brought series of problems that narrows down to growing inflation, increase of interest rate, and concerns about global recession in 2023. With all of the factors in play, the property market has faced a new challenge after shifting from the covid-19 problem.
 

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Jakarta Property Market Insight Q2 2022

The improving pandemic situation earlier this year, along with the sign of a resurgence of office leasing activity, the market is expected to be more positive in the long run. The continued use of remote working practices especially in service-based industries is leading to a tendency for larger corporation to consolidate their office. Logistics and technology-based companies that are concerned with flight-to-quality are expected to drive the growth in demand in the Jakarta office market.

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Jakarta Property Market Insight Q1 2022

Forecasted economic growth of 5% for 2022 by the government implies that business activities amongst sectors would massively resume.

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Jakarta Property Market Insight Q4 2021

The positive sentiment towards recovery in 2022 has been high as the projected economic growth of 2022 by the government ranges 4.7%-5.5%. Some factors including vaccination rollout, the resume of business activities, and government stimulus would boost market confidence. The third dose of vaccination has been planned by the government and will be starting in the first quarter of 2022. A positive economic outlook driven by ongoing global economic improvement is expected to drive next year’s property demand growth.

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