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Property Market Report | Q2 2020 Jakarta Retail

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Retail 1536x1040

There is no doubt that both retailers and shopping centres will change post COVID-19. Survival depends upon adaption by accelerating physical and digital integration. As large scale social restrictions to be loosened and businesses to reopen, retail community is determined to maintain the highest safety standards possible. However, social distancing will be associated with more investment on capital expenditure and maybe uneconomic for some retailers, with others expected to fail.

As many are becoming very concern over health, landlords need to consider implementing integrated touchless technologies in public areas. Landlords has to also anticipate that tenants would ask to negotiate for rental discounts and revenue-sharing or profit-sharing schemes should be viable as well. Meanwhile, retailers should be willing to offer discounts and other gimmick for certain purchases in order to bring consumers back to the malls.


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Property Market Report | Q2 2020 Jakarta Retail

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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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