The latest market insight about all property market sectors, including office building, retail, and industrial space
The running year has been quite challenging to office sectors. Some concerns such as global tension, inflation, weakened Rupiah exchange rate, which would impact on fit-out cost, may have brought impact on the occupiers’ decision in business space expansion. However, the targeted economic growth of 4.9% - 5.7% for 2026 seems to bring confidence in doing business amongst corporations. Some business lines such as general merchandising, banking, logistic, plantation, garment, construction, technology-related are expected to drive the office enquiries that might lead to transactions
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Further Restriction, Further “Delay” of Business Operational Improvement.
During the implementation of “New Normal” in the previous quarter, business activities contracted as operations resumed. However, surging case of Covid-19 in Q3 2020 urged Jakarta Governor to impose further restriction to 25% of capacity in September, bringing business to further decelerate.
Welcoming the New Normal :
The continuation of COVID-19 Pandemic situation has led Indonesia to adjust their lifestyle as well as how-to-do business in property market as they are urged to modify their strategy in order to adapt to the new normal situation.
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