Colliers | Colliers Quarterly Property Market Report H1 2022 Surabaya Retail

Still in a downward trend but leading a way to recovery

The shopping centre market in Surabaya signaled a gradual return, as tenants have begun re-opening their stores and visitors become more comfortable coming to shop. The vibe inside malls has improved with regular events and exhibitions.

Owners and management continue to change in order to determine the best format in maintaining positive performance in their malls. During the pandemic, competition amongst shopping centres has forced management to find the best way to keep their shopping centre a leading shopping destination. Mall managements need to pay attention to their target customer demography and meticulously formulate a suitable composition of their tenants.

Colliers Quarterly Property Market Report H1 2022 Surabaya Retail

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Ferry Salanto

Senior Associate Director

Research

Jakarta

+62 21 3043 6888

+62 812 835 6660

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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Sander Halsema

Senior Associate Director

Retail Services

Jakarta

+62 21 3043 6888

+62 813 1529 5517

Sander joined Colliers International in July 2013 as Head of Marketing for Colliers the Netherlands, based in Amsterdam. After working for Colliers the Netherlands for two years Sander moved to Indonesia to join the Colliers team in Jakarta. Sander is currently heading the Retail Services Department at Colliers International Indonesia.

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