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.
