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Property Market Report | Q2 2020 Jakarta Office

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From a supply standpoint, the already highly competitive market (for landlords) will further see more pressure this year and next with substantial supply projection. With rent tariff and occupancy anticipated to decline, tenants should benefit from it, but it is not always easy for them as well. Due to the pandemic, many companies will not entirely return to the previous business model. The new system, which combines office and remote work, will become more common. The current health crisis may also have implications on the operation and design of alternative working space arrangements.

As businesses move towards more flexible options that will reduce traditional office spaces at the time when they would renew the lease period, an agile office layout will be more highly preferred. We think landlords should be more accommodative of such changes and focus on achieving or maintaining break-even in occupancy level to cover maintenance costs.


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Property Market Report | Q2 2020 Jakarta Office

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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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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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