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Colliers Quarterly Property Market Report Q3 2021 Jakarta Apartment

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Sales activity signals a recovery as public activity restrictions gradually ease

Vaccination rates are being used as one of the indicators to assess the levels of Covid-19 curbs across Indonesia in a bid to speed up inoculation programmes while allowing people to go about their daily routines with the easing of public activity restrictions (PPKM). The PPKM level was downgraded and more transaction-related activities can be held in marketing galleries and show units. Consumers have become slightly more optimistic too, as shown in the quarterly sales performance result. However, only some projects have benefited from the situation as some criteria must be fulfilled by developers accelerating sales. In the long run, we expect the recovery process to continue with no more stagnation.

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Colliers Quarterly Property Market Report Q3 2021 Jakarta Apartment

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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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