Indonesia
Here are 5 Indonesian hospitality sectors that are slated to perform well this year
Here are 5 Indonesian hospitality sectors that are slated to perform well this year
Business hotels are expected to grow by up to 8%.
Jakarta prime retail supply expected to be ‘scarce’: JLL
Though there is a notable new mall slated to open in the first half of 2024.
Over 1,600 rooms to enter Jakarta’s hotel market in 2024
This will cause the city’s hotel supply to grow by 2.9%.
Jakarta residential demand to remain limited in the next 12 months
New serviced apartments are expected to be completed in 2024.
Jakarta industrial tenant mix still dominated by 3PLs
Warehouses with dual functionality were in demand.
Jakarta CBD Grade A office rents decline 1.9% in Q4
Rents declined at a slower rate compared to previous quarters.
Asking prices for Jakarta CBD offices rise 2% in 2023
Prices hit approximately USD3,600.
Jakarta CBD cumulative office supply now at 7.4m sqm
Supply is also expected to increase significantly outside the CBD.
Jakarta has nearly 3 million sqm of unabsorbed office space in 2023
Almost 70% of these are located in the CBD
Serviced apartments dominate Jakarta’s new hotel supply in 2023
Over 70% of the new rooms to enter the market are from serviced apartments.
Flight-to-quality, competitive rents to dominate Jakarta’s office market in 2024
No new supply is expected for next year.
How did Indonesia’s real estate investment market fare in Q3?
The hotel and retail markets showed promise, office stabilised, and residential remained under pressure.
Jakarta retail occupancy rate rises to 72.8% in Q3
Thanks to the absence of new supply and robust mall visitations.
Jakarta’s retail market now favours landlords as mall activity recovers
Some landlords are evaluating tenancy mixes to optimise all available spaces.
Why 2026 will be a turning point for Jakarta’s office market
The market is only expected to achieve supply and demand balance by then.
Changing dynamics in Jakarta’s strata-title office market revealed
Some buildings have made slight corrections in their asking prices.
Jakarta office supply hits 7.34m sqm as of Q3
Find out which projects are slated to be completed soon.
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