Research

Jakarta Property Market Review 1Q 2018

Another quarter of healthy office demand; more new supply

​The recovery in demand in 2017 continued in the first quarter of 2018 with tech firms leading the way. More new supply, however, caused occupancy to fall and rents continued compressing. Prime retail remained stable with F&B and entertainment tenants dominating the demand profile while some projects with unique selling points sold well in the residential market.

Investor interest, particularly in office, residential and warehouse developments, remained strong.

We hope you enjoy this quarter’s JPMR.

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