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Colliers Quarterly Property Market Report H1 2021 Surabaya Apartment

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In the middle of this semester, the government relaxed some regulations related to the residential sector. At the same time, many developers have been removing their promotional programmes. As a result, the apartment market in Surabaya remains sluggish, as consumers cannot see the benefit of the government’s measures.

We hope that those developers reconsider their current sales strategy. It is much better if developers can cooperate with the government in providing some incentives to consumers to boost their sales and create a rebound in the market. If this current situation continues, we predict a continuation of the current gloomy situation.


Colliers Quarterly Property Market Report H1 2021 Surabaya Apartment

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Ferry Salanto

Senior Associate Director



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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