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Property Market Report | Q1 2020 Jakarta Apartment

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Multifamily 1536x1040

Potential buyers became cautious on the investment front due to weakening business prospects as the worsening economic environment (GDP is forecast to grow by only 3% in 2020) may deter buying decisions. Measures implemented by policymakers to support the economy will take time to flow through. As such, the implications to the apartment market will be most evident over a longer period of time rather than being immediately apparent. While businesses or individuals may be affected by the outbreak, their demand for apartments is likely to be delayed rather than disappear. Investors are advised to adopt a “wait-and-see” approach until the situation improves, which could potentially be in H2 2020. Nonetheless, underlying demand in the middle-low segment should remain solid and, with pent- up demand accumulating, the market could potentially revive.


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Property Market Report | Q1 2020 Jakarta Apartment

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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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Rizal Gobi

Manager

Research

Jakarta

Rizal Gobi serves as the Research Manager, focusing on residential market. Gobi tracks economic, demographic, property related issues, new policies related to property market and apartment and housing data and utilize the information to produce insightful reports on a recurring basis.

He is proficient in aggregating intelligence from a variety of third party resources and also collects tabulates, and distributes primary research. In this role, Gobi works closely with Advisory Services team, Residential Tenant Representation team, and Capital Market & Investment Services team.

He is familiar with Greater Jakarta area (Bekasi, South Tangerang, Depok, Bogor), Surabaya and East Timor property market.

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