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Property Market Report | Q2 2019 Jakarta Retail

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Retail 1536x1040

The phenomenon involving the closure of several retail stores indicates the difficult situation in the retail industry has yet to end. Online shopping has yet to replace traditional shopping centres, but its extensive presence is creating some impact to conventional stores.

Today, shopping is more about efficiency and simplicity. We have witnessed a change in the preference of people to shop at a nearby store, supermarket or through online shopping. For fashion or cosmetic products, people prefer to come to speciality stores rather than big ones. We think it is a chief priority to re-arrange tenancy composition and immediately replace underperforming retailers with new tenants that could attract more people and bring in a crowd.


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Property Market Report | Q2 2019 Jakarta Retail

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Related Experts

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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Eko Arfianto

Senior Manager

Research

Jakarta

I started working at property business since 2005 when i worked as Site Supervisor at Construction Management company in Jakarta. My responsibilities covered architecture design supervision of high-rise buildings. As an acrhitect, I worked with thousands concepts and ideas and also did cost estimator / quantity surveyor. I also did advisory for interior design works. Then i continued my working experience by joining with Colliers in June 2007 at Research Department. I started from the beginning at this business as Database Administrator. After spending 10 years working at Colliers International Indonesia, my current posistion is Senior Manager at Research Department. 

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