Indonesia

The highest sales of over 22 hectares came from Karawang.

International brands are now opening their first stores in the city.

Supply is expected to grow 2.7% this year.

It is a 90,000sqm office building in the Sudirman corridor.

This site is the first multi-storey warehouse development in Indonesia awarded with BCA Singapore’s Green Mark Gold certification.

Majority of the new supply will be from 5-star hotels.

The real estate firm continues to expand with residences that are attractive to consumers because of pricing, the ‘growing house’ concept, and sustainable features.

Knight Frank said six more malls will open by 2025.

This equates to around 460,000sqm of new retail supply.

Millennials in urban areas are experiencing a 79% occupancy shortage.

70% of its occupants are students, whilst 30% are investors who then rent out their units to students.

A majority of the space is located in the CBD.

Find out what challenges await this segment of the market.

There will be more 3-star hotels expected to be completed in 2024.

There will be nearly 23,000 units to be added to the city’s supply.

The average CBD rents slipped by less than 1% in 2022.