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Property Market Report | Q1 2021 Jakarta Industrial Estate

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Warehouse Industrial 1536x1040

Quite a few industrial landlords had no transactions this quarter, highlighting that the market continues to face hardship. Notwithstanding the hard times, confidence in a better outlook still persists. Landlords generally believe that pent-up demand in the industrial sector is huge. This also explains why some existing and new industrial estates are still focusing on the land development process, despite the limited availability of new land for expansion.

Landlords should anticipate increased interest from the technology-based and logistics sectors. Companies needing data centres are still eyeing industrial locations. Last year, Indonesia had the biggest e-commerce market in Southeast Asia, with a Gross Merchandise Value (GMV) of USD32 billion. This will open up more opportunities in the logistics sector, either for storage or distribution centres.


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Property Market Report | Q1 2021 Jakarta Industrial Estate

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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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