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Property Market Report | Q3 2019 Jakarta Apartment

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Multifamily 1536x1040

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.


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Property Market Report | Q3 2019 Jakarta Apartment

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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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Rizal Gobi

Manager

Research

Jakarta

Rizal Gobi serves as the Research Manager, focusing on residential market. Gobi tracks economic, demographic, property related issues, new policies related to property market and apartment and housing data and utilize the information to produce insightful reports on a recurring basis.

He is proficient in aggregating intelligence from a variety of third party resources and also collects tabulates, and distributes primary research. In this role, Gobi works closely with Advisory Services team, Residential Tenant Representation team, and Capital Market & Investment Services team.

He is familiar with Greater Jakarta area (Bekasi, South Tangerang, Depok, Bogor), Surabaya and East Timor property market.

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