Indonesia
Why Jakarta’s hotel sector is set to have a lacklustre performance in Q4
Why Jakarta’s hotel sector is set to have a lacklustre performance in Q4
The sector won’t recover until Q2 2024.
Jakarta retail supply remains stable at nearly 5m sqm as of Q3
Two new malls will add 85,000sqm by year-end.
Jakarta apartment rents to grow by up to 3% in the next three years
This is due to the upcoming supply of new upscale serviced apartments.
What could drive mall occupancy rates in Jakarta in the near term?
There is a palpable eagerness for retailers to open new stores.
Jakarta apartment take-up rate to remain at 88% in Q4
The apartment market is set to continue its sluggish performance.
Jakarta to see two new apartment projects by year-end
The city currently has a supply of over 225,000 apartment units.
Bali hotel room supply now at nearly 60,000
This is a 0.8% decline from 2019 supply levels.
Here’s a rundown of Jakarta’s hotel market performance
At least five hotels are slated to open by end-2023.
These were the recently completed prime residential projects in Jakarta
There was one new luxury condo and two new serviced apartments.
Jakarta hotel supply to grow at an annual rate of 2.6% until 2025
Over 1,700 rooms will be added in 2023.
Jakarta office rents to continue declining in the next 12 months
But it’s expected to do so at a slower rate.
How experiential retail is transforming Jakarta malls
Interactive art exhibitions are now becoming popular.
Jakarta industrial net absorption hits 90,000sqm in H1
Third-party logistics remained the key growth driver.
This city is set to be Indonesia’s next data centre hub after Greater Jakarta
JLL outlines three reasons why it’s attracting hefty data centre investments recently.
Dwicitra Land’s initiative in providing housing concepts for millennials
The developer targets the middle class seeking to purchase homes for immediate occupancy.
Jakarta’s cumulative office supply to grow 2.5% annually until 2025
Almost 80% of the upcoming supply is premium buildings.
Jakarta CBD’s office occupancy rate rises to 73.7% in Q2
Various sectors drove demand during the quarter.
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