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Property Market Report | Q4 2018 Jakarta Apartment

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Multifamily 1536x1040

Notwithstanding a 2.5% increase in 2018, the price of apartment units actually underwent negative growth since it was below inflation rate. The pace of absorption has been relatively stagnant throughout 2018, despite the fact that the number of newly launched projects was limited. 


We estimate annual apartment price growth to remain flattish at about 3.0%. We do not expect a significant price increase, unless the economy expands at a more rapid rate and overall confidence in the economy scales a new high. 


In the currently sluggish market when price growth is stuck, individual investors should consider selective projects that potentially provide better yield. 


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Property Market Report | Q4 2018 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

Senior 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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