Indonesia

A third of them will be serviced apartments.

Rents are likely to continue their recovery momentum this year.

Whilst the real estate industry sees a positive outlook for 2022, owners must stay up to date with market trends and innovation to identify enhancements and increase asset performance and value, says JLL Indonesia Head. 

Rent decreased 2.5% in the final quarter of the year.

Find out why JLL says market confidence will be stronger than last year.

Operational efficiency is now more important than ever.

Four new malls will be completed this year.

It increased by 9.4 percentage points compared to the previous quarter.

Supply was stagnant at 6.96 million sq m in Q4 2021.

There are still massive discounts available for tenants.

There were at least 3 transactions of 13 hectares for data centre companies in Q3.

But rental declines are now slowing with only a 0.6% drop in Q3.

This is a 7% decline from the start of the pandemic in Q2 2020.

Some have been using online channels like Instagram and TikTok. 

Total supply will grow 1.6% this year, but it will be 50% lower than last year.

This translates to 1,500 new rooms.