Indonesia
Why Jakarta office landlords must focus on tenant retention strategies
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 retail occupancy rate to remain stable at 75% by end-2024
Thanks to committed tenants in upcoming malls.
Jakarta to see over 9,300 new apartments by 2026
Over 4,500 units will be completed in 2024.
Two new serviced apartments to watch out for in Jakarta in 2025
The projects will introduce over 400 new units.
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 serviced apartment supply to hit nearly 7,800 units by 2025
There are 7,074 units as of Q1 2024.
Jakarta office occupancy to reach 76% by year-end
The average occupancy rate in the CBD was at 74.7% in Q1.
Jakarta apartment prices to rise by up to 2% between 2024 and 2026
Prices slightly increased by 0.6% 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.
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