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Property Market Report | Q1 2019 Jakarta Industrial Estate

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Warehouse Industrial 1536x1040

Industrial transaction took place during Q1 2019 was very much fueled by astounding sales performance exposed by Modern Cikande. Concluding a total of 67.2 hectares land, sales in Modern Cikande already represent about 61.4% of total sales for this quarter. Excluding Modern Cikande and GIIC, the overall sales performance has relatively slow, thus the market responded by the adjustment in price in order to accelerate sales volume, taking the momentum of post presidential election in mid April.

In general, most industrial estates have already took the right stance in response to the market. Price adjustment, more accommodative to the potential buyers and other compelling measures has been seen over the last periods.


Property Market Report | Q1 2019 Jakarta Industrial Estate

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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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