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Property Market Report | Q3 2019 Jakarta Office

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Downtown Buildings 1536x1040

Enquiries and searches for office spaces continue to arrive despite low transaction activities. We still expect to see some potential tenants to either relocate to newer buildings or extend their current occupancy. Relocation will generally occur within the same area, which would therefore have little impact on the overall occupancy rate. Whilst some building owners have become increasingly aggressive in securing tenants, a few landlords opted to wait for the right tenants to fill up their spaces.

The supply pipeline from 2020 to 2022 will be a good basis in evaluating any plan for new developments. Having said that, it is very important to secure upfront commitments with big tenants prior to placing any construction plans going forward.


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Property Market Report | Q3 2019 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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