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Property Market Report | Q4 2019 Jakarta Apartment

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Multifamily 1536x1040

In general, sales performance is still in under pressure, as absorption rate in Q4 2019 only reached 87.2%. Despite the different types of sales promotions done, transaction volume has yet to show improvement. Investor-type of buyers are much concerned about the oversupply situation, which might lead to the downward pressure in rental yield.

Potential buyers are generally expecting to see more fiscal stimuli from the government to accelerate the real estate sector, a reduced consumer loan interest rate or more significant discounts, and benefits from developers. We think now is the right time to enter the market as it is currently a buyer’s market. The wide plethora of options (unsold units) will lead to intensive promotions as developers focus to clear off their inventories.


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Property Market Report | Q4 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

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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