Jakarta Property Market Review 4Q 2021

Cautious optimism for the Jakarta real estate market in 2022

February 09, 2022
  • Yunus Karim

Office leasing activities slightly improved in the last quarter while downsizings remained to occur. However, overall FY2021 net demand still falls under negative territory.

A shopping mall completion caused a spike in net absorption while the condominium developers continued to be cautious in launching new projects.

Nonetheless, landed housing projects still received positive responses from the market. E-commerce and 3PLs firms remained the primary demand driver for modern warehouse space.

We hope you enjoy this quarter’s JPMR.

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