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Colliers Quarterly Property Market Report H1 2021 Surabaya Retail

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As restrictions begin to loosen, the public now has more enthusiasm to return to shopping malls. Health protocols have been implemented by landlords to ensure the safety of shoppers. However, retail business has not yet fully returned to normal due to mall capacity and operating hour restrictions.

Landlords need to be more flexible in leasing terms to pursue committed tenants, such as providing options for profit-sharing for tenants who have experienced difficult times, new strategies on rents by offering friendly installments for down payment, and short-term or trial rental periods by freeing fitting-out fees that need to be applied. From the tenant side, providing online platforms is expected to continue to generate sales.

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Colliers Quarterly Property Market Report H1 2021 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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