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Property Market Report | H1 2020 Surabaya Retail

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Retail 1536x1040

Mall visitations in Surabaya have fallen by an average of 30% due to the COVID-19 pandemic, according to Indonesian Shopping Centre Association (APPBI) East Java. Some retailers that sell basic needs, such as supermarkets and pharmacies, are still allowed to open, but restrictions and adjusted operating hours remain in force in anticipation of the spread of COVID-19.

During the pandemic, landlords need to maintain mall visitations, especially in a tougher competitive climate with newer shopping malls. Malls with rejuvenation programs focused on façade work and facility improvements have been performing quite well when re- opened. Retailers should focus on increasing sales amid limited visitors.


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Property Market Report | H1 2020 Surabaya Retail

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Ferry Salanto

Senior Associate Director

Research

Jakarta

As Head Research Department, Ferry is in charge in providing property market knowledge for internal purposes and for clients. The scope of sectors covered in the quarterly market report comprises office, apartment, retail, hotel and industrial estate.

In regional tasks, the Heads of Research of each country work together in providing regional market reports covering the Asia Pacific region and globally. Currently Research Department is not only operating as a cost-centre department, as he and his team have been assigned by the Central Bank to provide monthly market information.

On the consulting front, the task involves providing a wide range of advisory services to our clients. Working closely with Consulting Department, we help clientsby preparing feasibility studies to determine whether their property projectsare viable from both financial or marketing aspects. 

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Eko Arfianto

Senior Manager

Research

Jakarta

I started working at property business since 2005 when i worked as Site Supervisor at Construction Management company in Jakarta. My responsibilities covered architecture design supervision of high-rise buildings. As an acrhitect, I worked with thousands concepts and ideas and also did cost estimator / quantity surveyor. I also did advisory for interior design works. Then i continued my working experience by joining with Colliers in June 2007 at Research Department. I started from the beginning at this business as Database Administrator. After spending 10 years working at Colliers International Indonesia, my current posistion is Senior Manager at Research Department. 

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