Our standpoint for Jakarta apartment market in the short to medium term perplexes with the correction in country’s economic outlook. Heightened uncertain- ties also continue to undermine confidence with the anticipation of global economic slowdown which will indirectly impact to the apartment market. We are still in the impression that investor buyers may hold back from making their purchase in the short term. Given that, the high- rise residential market will highly dependent on genuine home- buyers who are spoilt for choice given a bunch of projects. We think that the market will require more time to absorb the unsold unit. In addition, depressed rental yield may also further discourage investor from entering the market, exacerbating the already weak sentiment in the market.