Colliers’ Post

In Q1 2024, the average rental rate for malls in Jakarta was IDR 563,428, which remained relatively stable compared to the previous year. Similar to rental rates, landlords are likely to consider gradually increasing service charges. What are the projected mall service charge increasement for 2024 and beyond in Jakarta? To find out, read our Colliers Quarterly Property Market Report Q1 2024 | Jakarta Retail by clicking this link: https://ow.ly/zIoK50S1wMP To discuss more about retail market in Indonesia, please reach out to our #experts, Sander Halsema and Ferry Salanto. Find out more about Colliers Indonesia reports, insights, and recommendations, by clicking this link: https://ow.ly/bacW50S1wN5 #ColliersIndonesia #PropertyReport

Despite the improving retail market conditions in Jakarta and Surabaya, mall owners remain cautious about raising rental prices. According to Ferry Salanto, Head of Research Colliers Indonesia, mall owners are prioritizing service enhancements to attract more visitors, rather than increasing rental rates. To read the full article, please click the following link: https://ow.ly/RN3450TwSZo To understand more about retail market in Indonesia, please connect with our experts, Sander Halsema and Ferry Salanto. Subscribe to our mailing list for updates on Colliers Indonesia reports, insights, and recommendations: https://ow.ly/NyFJ50TwSZn #ColliersIndonesia #NewsArticle

According to Colliers Indonesia's research data, mall occupancy improved in the third quarter of 2023, with an average occupancy rate of 72.8% in Jakarta and 70.4% in Bodetabek (Greater Jakarta area). This positive trend has inspired developers to enthusiastically introduce new malls or commercial centers that incorporate open spaces. To read the full article click this link: https://ow.ly/ES4B50QnkhR For more information about retail market in Jakarta, connect with our experts Sander Halsema, Head of Retail Services, and Ferry Salanto, Head of Research. To read our latest report, recommendations, or insights, click this link: https://ow.ly/liJv50QnkhS #ColliersIndonesia #NewsArticle

Based on Colliers Indonesia’s projection, there have been no new apartment project launches because developers are still awaiting the completion of the election. Although no new projects have been initiated, it is said that developers are currently feeling wiser to sell the remaining units. To read the full article, click this link: https://ow.ly/QcCM50QH0yR To discuss more about apartment market in Indonesia, please reach out to our #expert, Ferry Salanto. Find out more about Colliers Indonesia reports, insights, and recommendations, by clicking this link: https://ow.ly/y13O50QH0z8 #ColliersIndonesia #NewsArticle

Post-pandemic COVID-19 continues to show signs of market vitality, particularly in the property sector, indicating an upward trend in performance. According to data from Colliers Indonesia, 6,172 apartment units in Jakarta were transferred throughout 2023, marking a fourfold increase compared to 2022. To read the full article, click this link: https://ow.ly/XJ4L50QG17i To discuss more about apartment market in Indonesia, please reach out to our #expert, Ferry Salanto. Find out more about Colliers Indonesia reports, insights, and recommendations, by clicking this link: https://ow.ly/4arc50QG17Y #ColliersIndonesia #NewsArticle

Positive trends are increasingly noticeable in the retail sector. With foot traffic steadily improving, many mall owners are gearing up to optimise their operations and facilities. Nevertheless, landlords must carefully curate the tenancy mix to ensure their malls remain competitive. To find out more about retail market in Jakarta, download and read Colliers Quarterly Property Market Q2 2024 Report | Jakarta Retail through this link: https://ow.ly/zzkt50SRV9G To discuss more about retail market in Indonesia, please reach out to our #experts, Sander Halsema and Ferry Salanto. #ColliersIndonesia #AccelerateSuccess

In pursuit of retail excellence, forward-thinking landlords are meticulously curating their tenant mixes and exploring innovative retail concepts while awaiting the right market conditions to launch new initiatives. Some malls may also consider renovations to modernize their appearance and maintain competitiveness. To find out more about retail market in Jakarta, download and read Colliers Quarterly Property Market Q3 2024 Report | Jakarta Retail through this link: https://ow.ly/60KY50TPywC If you want to discuss more about retail market in Indonesia, please reach out to our #experts, Sander Halsema and Ferry Salanto. #ColliersIndonesia

Learn From Bangkok BTS + 2nd Level Connection (Part 2) An integrated pedestrian system is built above busy and crowded streets. It m links buildings separated by roads and a river, such as Central World Mall and Big C. The development is the result of a cost-sharing initiative between the two mall developers to create a pedestrian connection on the second level. Currently, it has become more bustling, and people can easily access to the mall. if you look at the R walk or second walk map at the Ratchaprasong intersection, you can observe that this bridge connects various buildings, including malls and hotels such as Siam Square, Siam Paragon, Central World, Grand Centara, Novotel Bangkok and Platinum Malls, and various other facilities. All of these stems from two main stations, which are BTS Siam and BTS Childom. On the second level, there are facilities such as escalators, spacious walkways, and maps to guide pedestrians toward their destination. Great work BTS Bangkok. As Jakarta is also surrounded by numerous malls, buildings, and served by MRT, LRT, TransJakarta but seperated by big roads, maybe we could start innovating second-level solutions to improve connectivity and accessibility of the users, especially mass transport users. Such initiatives can significantly enhance urban mobility and contribute to a more pedestrian-friendly cityscape. #bangkokbts #2ndlevelconnection #mrtj #lrtjabodetabek #transjakarta #urbandesign

Given the challenging office market conditions in 2024, the key for landlord is to remain flexible and willing to adapt to tenants' demands as long as they are still acceptable. To read the full article, click this link: https://ow.ly/mIZR50QAvIm To discuss more about office market in Indonesia, please reach out to our #experts, Colliers// Bagus Adikusumo and Ferry Salanto. Find out more about Colliers Indonesia reports, insights, and recommendations, by clicking this link: https://ow.ly/ol5L50QAvMP #ColliersIndonesia #NewsArticle

According to the Prime International Residential Index (PIRI) of the latest edition of The Wealth Report, luxury residential prices worldwide increased by 3.1%. This positive trend was observed in 80 out of 100 cities, and Asia-Pacific stood out as the region with the highest growth performance, reaching 3.8%. Within the same index, Indonesia's premium residential market demonstrated stability with a growth of approximately 0.6%. The residential property market in Jakarta, particularly the condominium segment, was predominantly driven by the middle-segment sector. Despite ongoing economic uncertainties, this trend persisted, with the Indonesian government implementing incentives to stimulate the condominium market. The average price of high-end apartment units was reported at IDR 57.7 million per square meter. This means that with US$1 million, one could acquire a luxurious apartment unit with approximately 276 square meters of floor area in Jakarta. Discover the latest trends shaping Jakarta's premium residential landscape. Read: https://okt.to/iZAfPh. #APACWealth #Indonesia