colliers market report 2q 2011
TRANSCRIPT
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jakarta rEaL EStatEmarkEt rEport
colliers international indonesia i the knowledge
...
2Q 2011
Economic Indicatorsindonesian economic indicator
2007 2008 2009 2010 2011
Ecnic Gwh (% YY) 6.30 6.10 4.50 6.1 6.51
Inin re (%) 6.59 11.06 2.78 6.96 1.062
Exchnge re (r/US$) 9,124 9,672 10,326 9.084 8,7482
SBI re (%) 8.00 9.25 6.50 6.50 6.753
Nes: Q jnuy - june june
Suce: Sisics Indnesi, Finnce Deen, Bn Indnesi
higligts
office sector
Bse enl es in he CBD s Q wee ecded s he highes in he ls yes bh US dll nd ruih denined buildings. Duing he que
lne he CBD ce e winessed n incese in sing bse enl es .% q--q r,/sq /nh ruih denined buildings nd .%
q--q US./sq /nh US dll denined buildings. menwhile sevel ie quliy ce buildings in he CBD hve begun inducing new bse
enl es bve US./sq /nh. the e winessed cnsisenly sng dend ce which hs exceeded new suly esuling in n ccuncye which hs incesed .% nd which is nicied incese uhe by ye end. on he s-ile n, he excellen e-u e .% hs iggeed
ice inceses % y--y r. illin/sq in he CBD nd % incese y--y uside he CBD r. illin/sq .
apartment sector
asing ices ll clsses ens wee elively sble when ced he evius que. menwhile, cuulive e-u ued .% in Q
.% s esul cninued bsin newly buil ens. Duing he que, hee s-ile en ecs i.e. klib regency, keng
Villge residence nd Sesns Ciy (twe B) wee cleed binging he cuulive suly unis , unis while he ening unis in Fse
residence Sudin ens incesed he l suly ens lese , unis.
eXpatriates hoUsing and apartment sector
the exie husing e is niciing n incese in enl es due he senghening ruih vlue gins he US dll. Lndlds hve sed sing
highe ens becuse hei exenses ei, envin nd he ein he huse e id in lcl cuency while enl es hve yiclly been qued in US
dlls. Duing he s hl he ye, nube cnies, icully FmCG (s ving cnsue gds) cins hve been exnding. this hs
been llwed by n incesing nube exies being hied, uelling he ex husing e.
retail sector
a ssive un shing cene sce (Ciu Wld j mll, kuningn Ciy Liesyle & Eneinen Cene nd mll k ksbln) is nw unde
cnsucin in he CBD which will dd , sq nd incese he suly by % bee id-ye nd which will ush dwn he ccuncy es
eiu shing cenes in he CBD which nw snd %. Le Deen Se hs ecenly cied lesing % he , sq eil sce
Ciu Wld j mll. Hweve, Le will sublese ls % his sce he eiles. New eil suly ws nly nied in he gee e
j wih he ein Living Wld al Sue viding und , sq eil sce. reil ccuncy levels in he ciy j in Q chieved
.% which is .% highe hn he evius que, while he eil ccuncy suunding he ciy j gew .%. Neveheless, lndlds e genelly
sill cuius due he incesing ceiin ng shing cenes nd hey hve lgely decided inin sing enl es he cuen levels.
indUstrial estate sectortl lnd sles eched n hisic high he ls eleven yes wih sles duing he s hl hving sussed l sles ll . addiinlly,
indusil lnd ices e nw qued hisic highs. Lnd sld u Q ws H while l lnd sles ll ws H. Wih his iessive
e-u ence, develes hve hd he cndence ise he sing lnd ices wih .% in he Q lne u by .% ced . the
uive nd cnsue gds secs e he ey dives he bsin indusil lnd.
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Ofce Sector
cUmUlative sUpply within cbd area (sQ m)
Cllies Ineninl Indnesi - resech
Jakarta sUpply conditions
ae nly viding less hn , sq ls
que, j ce suly suged hedwih n ddiinl , sq ce sce
sulied by w ce wes in ech he CBD
nd uside CBD e, whee % he sce
is lced in he uside CBD e. F , he
uside CBD e will cnibue e he
l nnul ce sce wih nube sll
buildings eced ene he e.
cbd area
ae hving n ddiinl ce sce in he
beginning he ye, w ce buildings wee
eed duing Q . allinz twe lced
in rsun Sid dded und , sq hs
lied se geen building inciles in he
building. the he building cleed his
que is k-Lin twe lced in G
Sub. this building vides und ,
sq sei gss sce develed by k-Lin,
n ineninl new eing gu
mlysi. tl new ce sce in he CBD
e ccuned , sq his que,
binging he cuulive suly . illin
sq , % highe YY. o his l ce
sce in he CBD, und % is ce sce lese.
ae hving ecded siive suly gwh,
he inux s-ile ce buildings will be
sgnn his ye. all ce buildings eced
ene he e in will be feed
lese. the e s-ile ce suly nd
bsin ccued in he - eid,
nd s he new s-ile ce buildings
wee bsbed by he e. Given such
ising ul, nube develes
sed cnsucing e s-ile buildings.
Wih he buildings ing und dys
cnsucin ne le wih he
echnicl, elecicl nd u ws, his
ens h nube new s-ile
buildings will be cleed in - .
thee e w eining buildings scheduled
be cleed by , i.e p lced in he
Sudin CBD (SCBD) nd te Scn twe
lced in jln (see) rsun Sid. physiclly,
he p, cising id-ise wes, is
% cleed nd lnned ee in
ocbe his ye. a -level buildingcnsucin civiy te Scn twe is
being hsened ee he clein
schedule, nd cldding w ls cves he
whle sucue he building.
Jakarta office cUmUlative sUpply (sQ m)
Cllies Ineninl Indnesi - resech
,,
,,
,,
,,
,,
,,
Q F F F
sqm
CBD ouside CBD
,,
,,
,,
,,
,,
,,
Q F F F
sqm
F Lese F S- i le S le
annUal sUpply vs no of proJects within cbd area
,
,
,
,
,
AnnualSupply(sqm)
No.ofProject
annul Suly N. pec
Cllies Ineninl Indnesi - resech
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JAKARTA | 2Q 2011 | THE KNOWLEDGE | OFFICE SECTOR
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cUmUlative sUpply within oUtside cbd area (sQ m)
,
,,
,,
,,
,,
Q F F F
sqm
F Lese F S- i le S le
Cllies Ineninl Indnesi - resech
annUal sUpply vs no of proJects within oUtside cbd area
,
,
,
,
,
,
AnnualSupply(sqm)
No.ofProject
annul Suly N. pec
Cllies Ineninl Indnesi - resech
p. | colliers international
JAKARTA | 2Q 2011 | THE KNOWLEDGE | OFFICE SECTOR
Building cnsucin sevel buildings
eced be cleed in is cively
gessing, such s Ciu Wld oce
twe, oce , aXa twe, the Ciy Cene,
Wld tde Cene (WtC) nd Eighy. the
WtC will be eed unde he Geen m
sndd se u by Singe BuildingCnsucin auhiy, which will be
bench geen buildings in j.
anhe building ching is clein is
oUtside cbd area
the uside CBD e eues w new ce
buildings he que, i.e. Cenl p oce
twe nd men Ciicn. Cenl p is buil
wihin he cecil cund develed by
agung pd nd is ne he lges
s-ile ce wes in he uside CBDe, wih size , sq . Lced in he
se e Wes j, men Ciicn,
, sq ce we, ce n he
e in he iddle he secnd que.
this building induced veicl ciculin by
viding vehicle ing elevs. this new
echnlgy cnce is n widely lied by
ny ce buildings in j.
the ein hese w new buildings
incesed he cuulive ce sce .
illin sq in he uside CBD e. Suly in
his e will ee gwing duing , nd is
he hisic high nnul suly in he ls
yes.
the ein hese w new shisiced
ce wes dded he uside cuulive
sce by , sq . Including he ecin
lis, he suly will ee gwing u he end
. th wuld be he lges nnul suly
in he ls yes, wih .% gwh n
vege e nnu. S-ile ce shwed
sligh gwh. Ced wih ls que, in
Q , hee ws n incese %.
oce ey s-ile sle duing
eesens % he l nnul suly.
thee e nube develes lnning
build ce wes unde he s-ile schee
ve he nex w yes. I is nicied h in
nd , nnul ce suly s-
ile sle will eesen % nd %
esecively. this descibes he esecive
ny develes, i.e. vided he e is
gd, hey wuld ee e hei buildings
unde he s-ile schee.
mulivisin twe, which will be eed ely
nex ye. addiinl ce sce will n
necessily ce new building. Exi
meli in jln mH thin, which is being
enved, is nicied be elesed nex
ye nd will dd nhe s he e.
on he lnning sge, w buildings e sn
be develed. men pi is lnned il
he success is edecess, men pi.
S , lnd checing civiy hs been
cnduced, signling h cnsucin will be
sed shly. Liewise, wihin he se
cund he Ineninl Finncil Cene
(ex Bclys/BCa building) nhe ce
we nd ing building will be buil.
Desie cusing bd c duing ush hu,
jln tB Siung, s he inen ce
cid e he CBD, eins he vuie
ce lcin. a he ecin we
hve ulined, hee e sevel ecs unde
lnning ecs. ohe hn in he tB
Siung e, sevel unde lnning ceecs will ls be buil in Wes nd Cenl
j. Wis akr in Wes j is ging
build new we, which will be ineged
wihin ixed-use develen including
esidenil nd eil es. this -sey
ce building is execed be sed nex
ye nd will cnibue und , sq
ce sce sle by id-. Fuhe,
-sey ce building wih le
und sq is lnned be develed inCenl j wih ne-hid he sce
wne ccuied.
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sUpply proJection dUring 2011 - 2013
proJected
completion
year
bUilding name location marketing scheme statUs*
cbd area
2011 18 park SCBD F Lese Unde Cnsucin
te Scn twe Hr rsun Sid F Lese Unde Cnsucin
2012 Ciu oce twe Si F Lese Unde Cnsucin
mulivisin twe Hr rsun Sid F Lese Unde Cnsucin
oce 8 Seni S-ile F Sle Unde Cnsucin
men pi 2 meg kuningn F Lese Unde Cnsucin
Wld tde Cene 2 Sudin F Lese Unde Cnsucin
aXa twe Si S-ile F Sle Unde Cnsucin
Eighy8 Csblnc S-ile F Sle Unde Cnsucin
the Ciy Cene kH ms mnsyu S-ile F Sle Unde Cnsucin
oce Seibudi Seibudi S-ile F Sle Unde Cnsucin
2013 Chse twe Sudin F Lese Unde plnning
Lie twe Hr rsun Sid F Lese Unde plnning
mnguluhu twe B G Sub F Lese Unde plnnning
Ineninl Finncil Cene 2 Sudin S-ile F Sle Unde plnning
men Sels Sudin F Lese Unde plnning
oce twe @ex Wis Benhil Sudin S-ile F Sle Unde plnning
the Ciy Cene (phse 2) kH ms mnsyu S-ile F Sle Unde plnning
the Ciy Cene (phse 3) kH ms mnsyu F Lese Unde plnning
ri 2 Si S-ile F Sle Unde plnning
t = 854,836 q
oUtside cbd
2011 men 165 tB Siung F Lese Unde Cnsucin
als twe tB Siung F Lese Unde Cnsucin
men Su kel Gding S-ile F Sle Unde Cnsucin
2012 Wis pnd Indh 3 Suln Isnd mud F Lese Unde Cnsucin
Gnd Sh Slii Slii S-ile F Sle Unde Cnsucin
Sveeign plz tB Siung S-ile F Sle Unde Cnsucin
Chiex twe tB Siung F Lese Unde Cnsucin
2013 alnd twe tB Siung F Lese Unde plnning
tlve Suie tB Siung F Lese Unde plnning
Gh Elnus 2 tB Siung F Lese Unde plnning
the mnhn (twe 2) tB Siung F Lese Unde plnning
Ciylnd twe tB Siung F Lese Unde plnning
Ns twe tB Siung F Lese Unde plnning
Signu twe tB Siung F Lese Unde plnning
Gh kin mndii tB Siung F Lese Unde plnning
Geen tebe mt Hyn F Lese Unde plnning
t = 465,792 q
Cllies Ineninl Indnesi - resech*) Unde Cnsucin: whee cnsucin civiy is in gess, including eihe undin suesucue.Unde plnning: n cnucin civiies n sie bu ll eis hve been ved by he venen.
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Jakarta historical occUpancy
Cllies Ineninl Indnesi - resech
%
%
%
%
%
%
%
%
%
%
%
Q Q Q Q Q Q Q F
CBD ouside CBD
p. | colliers international
JAKARTA | 2Q 2011 | THE KNOWLEDGE | OFFICE SECTOR
space absorption
the cbd
the CBD e cninued cue esilien
ence in es ccuncy level, which
sd .%, highe by .% ced he ls ques snding. Desie he inux
w new ce wes wih high e-
cien level, hweve, hese w buildings
ls heled he vell ccuncy ence.
F exle, allinz, Gen-bsed insunce
cny, hd signed e hn %
vilble sce in n ce we h ws hen
ened allinz twe. Siilly, k-Lin twe
ws buil he bse ein his cny
nd i hs ls cived he enns lie
edi cny, s he building ws well
bsbed when i sed ein.
ovell, he clib in ccuncy ws genelly
elled by iving ence he
exising buildings, which eecs h he ce
e in he CBD is sill gd. kyei pince in
Sudin de he s vcn eil sce
by hving jn-bsed cny in he seel
business, lesing nd he l edi
indusy s new ce enns. acss
kyei pince building is he ex Bclys building
(nw ened he Ineninl Finncil
Cene), which hs dded e enns is
lis ccuns, including n It cny h
hs en lge sce. Fuhe, he exnsin
n exising elecunicins business
enn nd he elcin n insunce
cny hve lied he ccuncy level he
building. In he se lcin, midlz
welced new enns he ding, il nd
gs nd exile secs. menwhile, myd
twe egiseed new lw , insunce
nd It enns.
In he meg kuningn e, the Es eceived
w new enns, glbl x nd nncecnsuln h will ccuy ne whle nd
ining cny Indi h hl
.
one lge elcin ken-bsed bn
ccued in G Sub. the elcin
lce in he se cid, i.e. Gedung
mi Wis muli, nd invlved und
, sq ce sce. the vcn sce
le by he bn will be ccuied he building
wnes wn use.
Desie eching ue ccuncy level,
the plz ce building in mH thin
cninued be in high dend nd cncluded
sevel signicn nscins. a
ineninl ccuning nd cnsuling
hs secued e hn , sq nd glbl
It bsed in he US will ccuy sce e
hn , sq . ohe nscins belw
, sq cninued w he building. In
ddiin, n ged ce building in his lcin
hs eled ne lw . Such enns
wih liied budge will lde buildings
h e lced wihin he business cecil
e.
In rsun Sid, jn-bsed cny
ducing clinicl lby esing devices
sce in Cybe building.
a he new bsin duing he
que, ne building in Sudin hd elese
inen enns new buildings. Due
secuiy cncens e e inciden in he
building, w enns decided ve u. a
US-bsed inn eeding, hceuicls nd
enel nuiin duce eslved ve
the plz, while leding c nucue Sweden will elce is ce Senl
Senyn.
tenants acitivities in the oUtside
cbd area
the ccuncy level ce buildings in he
uside CBD e sw sligh cecin
e hn % .% his que. relcin
nd veen civiies hve seeingly
inined sble ccuncy wihin he
que.
Sevel ce buildings in he Wes j
e egiseed nscins duing he que.
Se new enns jn nd ke in he
shes nd uive indusies cquied ce
sce in building lced in jln S. pn.
anhe del invlving jnese nsin
cnsuln nd shiing cny ccuied
sce in Gh aiu in Cenl j. a
men BtN, ibe nd ining cny
eneed s enns.
In Suhen j, wding cny
cninued ideniy ce sce sll
buildings. Liewise, w ce wes lced in
tB Siung enyed gwing enn liss
hei buildings. F exle, glbl ing
equien ei sevices cny is
ee acdi oce p, while ru
pbu (we ne) will hve se new enns
he ey, invesen nd edi
indusy businesses.
Newly eing ce men Ciicn, besides
ciliing ce sce he wne he
building, hs ls cued se enns
he il & gs nd ding secs.
oce lesing civiies eling cnies
ving in u buildings lwys ccu
he se ie. a elecunicins indusy
enn ved u n ce we siued
und pncn nd bdcsing cny
le building in he mng e.
Shhuses ein genel cei
buildings lced uside he CBD. ou
ecds indice h ve he ls w yes,
enns wih liied einl budge hveeeed ccuy shhuses insed
ce buildings. Hweve, such enns e
enil e ce buildings, becuse
nce hey hve esblished hei business nd
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space available and committed in - within cbd area
Cllies Ineninl Indnesi - resech
space available and committed in - within oUtside cbd area
Cllies Ineninl Indnesi - resech
absorption of Under constrUction of strata-title for sale office within cbd area
Cllies Ineninl Indnesi - resech
, , , , , , ,
F
F
absbed peced Suly
, , , , , , ,
F
F
absbed peced Suly
, , , , , , ,
F
absbed peced Suly
p. | colliers international
JAKARTA | 2Q 2011 | THE KNOWLEDGE | OFFICE SECTOR
need highe exsue c cliens when
hey need e sce gw, hey wuld
cnside ccuying n ce building. In ny
cses, quie ew ce buildings in he uside
CBD e eceived he vew such
enns.
commitment level
anhe gd indic esue ce
ence besides he uwd end in enl
nd ccuncy is he cien level
unde cnsucin buildings. o he l sce
vilble duing , und % hs been
bsbed by he e. this eesens
cien cing lgely insunce,
ding nd secuiy cnies. menwhile,
und , sq sce vilble
lese duing , % hs been cied
while he buildings e sill unde cnsucin.ms he cien buildings eced
be cleed in is insunce,
bn nd edi cnies. ohe hn ces
lese, in hee will be und ,
sq ce sce s-ile sle, nd
% hs been sld insunce, lw, il & gs
nd nnce eled cnies.
In he uside CBD e, hee will be l
und , sq ce sce nd s ,
% his hs been cied. tw buildings
lced in tB Siung hve secued
cien sevel enns. als,
glbl enegy sluins nd ns cny,
hs cied als twe, which is he
cil building nd is ned e als.
Liewise, he unde cnsucin men
hs secued leding helh ce nd
hceuicl cny.
strata-title for sale
Wih cninued bsin s-ile ce
sce, i is nw quie chllenging nd lgesce vilble, icully wihin gd quliy
ce buildings. the vell e-u e
und % es i dicul nd sizeble
sce. the QQ e-u eesened und
, sq bsin, while he YY gue
ws und , sq . Duing he eviewed
que, i ws ecded h ining cny
cquied sizeble sce n ce we in
meg kuningn e, which eesened %
he l sce sld in Q . Wih gwing
business, ining cny signicn
sce in ne ce we unde cnsucin in
he Seni e. this nscin ccuedlng bee he building will ee in .
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average asking rental rates of offices in Jakarta
within cbd area within oUtside cbd area
.
.
.
.
.
.
.
r,
r,
r,
r,
r,
r,
2007
2008
2009
2010
1Q2
011
2Q2
011
3Q2
011F
.
.
.
.
.
.
.
r,
r,
r,
r,
r,
r,
r,
2007
2008
2009
2010
1Q2
011
2Q2
011
3Q2
011F
avege sevice chges in he CBD ws
egiseed r,/sq /nh, while
buildings wih US dll deninin, sevice
chges wee ecded US./sq /
nh, sligh ise ced he ls que.
Duing he se eid, he uside CBD e
eched highe gue hn he evius
que by chieving r,/sq /nh.
the se end ws ls llwed by buildings
wih US dll es, which ecded %
incese US./sq /nh.
vege nd he dusen in he egged es.
avege enl es ws egiseed
r,/sq /nh in Q . renl es
in US dlls wee elively .
, , , , , , ,
F
F
absbed peced Suly
p. | colliers international
JAKARTA | 2Q 2011 | THE KNOWLEDGE | OFFICE SECTOR
asking rental rates, service charge and prices
absorption of Under constrUction of strata-title for sale officewithin oUtside cbd area
Cllies Ineninl Indnesi - resech
landlords market
Given he eviling dend cndiins,
lndlds signlled hey wuld ise enl
es. Duing Q , sevel ce buildings
in Sudin quing es in uih
deninin hd hei sing enl es
incesed. the incese, gehe wih es
induced by new buildings, dused he
vell clib enl in uih r,/
sq /nh, which eesens gwh %
QQ. menwhile, enl es in US dlldeninin ued .% QQ .% YY
US./sq /nh. the incese ws
iggeed by he dusen de by six
buildings lced in Sudin.
albei nly sligh clib, he vege sing
enl es in he uside CBD egiseed
% dusen QQ due he ein
new ce buildings wih highe es hn he
tw ce wes in he e uside he
CBD ls blseed hei ence. Gndi
nd mt Hyn Sque de ge sides
wih excellen ence. Liewise, Cenl
p oce, which is illy feed sle,
hs secued enns lie design cnsuln,
sulie, ining, giculul nd dingcnies nd n educinl insiuin. ms
hese buyes ls lese sce wihin he
business disic e.
F se eids, ces sle in he uside
CBD e cninued shw incesing
ence. In Q , vell e-u
chieved .%, while eneing he secnd
que, e-u chieved .%. We exec
h s-ile ence will cninue
gw, given h se he s-ile
buildings hve been bsbed bee hey e
efecively in ein.
Cllies Ineninl Indnesi - resech
service chargeCed Q , sevice chges bh
he CBD nd uside CBD wee elively sedy
QQ s new eing ce wes eneed
he e wih elively siil es wih he
vell e. In ddiin, sevice chges
US dll deninin buildings hve been
senghening quie bi.
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pricesthee e quie ew cs h cnn
wihsnd he ice s-ile ces
incesing. angs he e incesing
cnsucin css nd cninued dend. In
he uue, lnd ice will be he deeining
c ce sce ice, icully
ey lced in he CBD e. ou ecds
indice h he vege g beween he iniil
ice s-ile ey nd he cuen
ice is %. on vege, he ice ce
sce in he CBD ws r,,/sq
duing he eviewed que, eecing n
incese % YY. Siilly, % incese
YY ws seen in he uside CBD e,
egiseed r,,/sq .
p. | colliers international
JAKARTA | 2Q 2011 | THE KNOWLEDGE | OFFICE SECTOR
average service charges for office bUilding in Jakarta
Cllies Ineninl Indnesi - resech
r
r,
r,
r,
r,
r,
r,
Q Q Q Q Q
CBD ouside CBD
price of strata-title for sale for office bUilding in Jakarta
,
,
,
,
,
r,,
r,,
r,,
r,,
r,,
r,,
Q Q F F
CBD (r) ouside CBD (r) CBD (US)Cllies Ineninl Indnesi - resech
oUtlook
the gd news ce Wld Ecnic
Fu (WEF) n Es asi held in Indnesi,
which hs u he cuny unde he sligh
invesen uniies. accding he
WEF e, Indnesi is he s ceiive
nin in he G ecnic guing.
this is execed igge uhe business
exnsin, icully esblished yes
businesses he cnsue gds,
nncil eled indusy, il nd gs, ining,
inin echnlgy, nucuing indusy
nd hceuicl secs.
Wih cninued gd lesing ence
diven by exnding business, lndlds e
e cnden induce highe ens. pie
quliy ce buildings in he CBD e nw
inducing new enl es chingUS./sq /nh, hisic high in he
ce e. We nicie his will uhe
gw, icully when such buildings ech
high ccuncy.
a elively sll un new ce sce
nly , sq in he CBD his ye will
hel egule he ccuncy level. o he new
ce buildings eneing he e in Q
(in he CBD nd uside CBD), he vell
cien level hs eched %.
a nube gwing lcl cnies hve
been he dive he gwh s-ile
ces sle. In he uside CBD e,
l , sq s-ile ce sce
duing , % ws sld he e.
Liewise, nube exising s-ile
ces in he CBD hs eed cninued
bsin, icully lcl cnies.
the en ce lesing eined he
se, wih elcin nd exnsin civiy
chceising he e. relcing civiies
e genelly llwed by exnsin nd hislgely inins sble ccuncy e
desie he inux new ce buildings.
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8/2/2019 Colliers Market Report 2Q 2011
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Apartment Sector
apartment for strata-title sale
sUpply
thee en ecs - klib regency
nd keng Villge residence, ech cnsising
hee wes, nd Sesns Ciy (we B) -
cleed duing he Q eid. these
ecs e lgely lced in he Suh j
e nd Wes j. F he lw ue
clss segen, l , unis ens
eneed he e in Q, binging he
cuulive suly , unis. In he
wds, l suly duing he que
cnibued s uch s .% js
en sc, u by .% ced heevius que (q--q). In es clss, lw
clss ens cise % he l
js en suly.
klib regency, he klib Ciy
Sueblc, cnsiss hee wes (wes H,
j nd k). this ec ces he lw clss
segen, cising he s his ques
suly (%). anhe ec cleed his
que is Sesns Ciy (we B), lced jl.
Luenen, Wes j, ied he iddle-
lw clss segen nd cising % hisques suly. thee wes keng
Cllies Ineninl Indnesi - resech
list of of completed proJects in 2Q 2011
development region market segment
klib regency (3 twes) Suh j Lw
keng Villge (the Eie) Suh j Ue
keng Villge (the riz) Suh j Ue
keng Villge (the Cslin) Suh j Ue
Sesn Ciy (twe B) Wes j middle-Lw
t: 3,899 UCllies Ineninl Indnesi - resech
Villge residence (the riz, the Cslin,
nd the Eie), geed he ue clss
segen, ls cnduced hndve
unis duing his que. ovell, he iddle-
lw clss nd lw clss segen hve cninued
dine he ls w yes nd he e
uside he CBD, even in he inge j,e eeed lcins, s lnd is elively
che nd vcn lnd is sill widely vilble.
these iddle-lw nd lw clss segen
ens such s klib regency nd
Sesns Ciy, yiclly e lcins clse
in see ne ll ges, becuse ne he
ey success cs n en is ccess
nsin enbling enns ech heiwlce esily.
Lw
.%
middle-Lw
.%
middle-Ue
.%
Ue
.%
Luxuy
.%
CBD
.%
Cenl
j
.%
Suh
j
.%
Nh
j
.%
Es
j
.%
Wes
j
.%
Cllies Ineninl Indnesi - resech
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JAKARTA | 2Q 2011 | THE KNOWLEDGE | APARTMENT SECTOR
apartment sUpply of strata-title for sale by market segment in Jakarta
apartment sUpply of strata-title for sale by region in Jakarta
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demand
Cninued inux new en ecs hs
n been cuneblnced by cnsisen
bsin, nd his hs esuled in he
dwnswing e-u end, i.e. bu .%egiseed Q , dwn .% in he
evius que. thse gues eesen he
bsin ll he exising nd unde-
cnsucin en unis, bu hve ledy
being eed. the bsin e by e
indiced h he CBD sw he highes level,
n vege .%, while he uside CBD
nly nged ech .%. In es he
ge e, he iddle-lwe nd iddle-
ue sill dined sles civiy, egiseing
.% nd .% e-u e, esecively.
penil dend ws geneed new
cules, sudens, nd invess ling
euns he secndy e.
Sles es eing cndinius in
j exeienced decline by less hn %
he evius ques gue .% bu
incesed by .% he ls yes gue .%. the dusen ccued becuse
sevel new ecs wih ssive nube
unis eneing he e.
menwhile, duing he que he e-sles
e ens unde cnsucin ws
ecded .%. Duing he que, e-
sles civiies wee dined by he
nscin he iddle-ue segen,
ecded .%.
Unsold and take-Up pre-sales
%
%
%
%
%
%
,
,
,
,
,
Lw middle-Lw middle-Ue Ue Luxuy
Unsld (Uni) te-u pe-Sles
Cllies Ineninl Indnesi - resech
asking price
In genel, sing ices en unis in
j wee elively sble, exeiencing
nly in incese, lgely due cive
cnsucin gess, which bsed
develes cndence dus en
ices. the vege sing ice ll clsses en incesed r. illin/sq
, u r. illin/sq eviusly. as
shwn in he gh belw, sing ices
ens in he CBD nd nn-CBD hve been
elively sble since Q .
the CBD inined sedy ice, egiseing
r. illin/sq , while ices in Suh
j se .% ced he evius
que. menwhile, hee e se iddle-
ue ue clss ecs lced in he
uside CBD (Wes j) such s the
Winds, S. miz nd ancl mnsin (Nh
j), which dused he vege ice
he uside CBD e r. illin/sq ,
u by .% q--q.
Dii nd Cs tece, lced in Cenl
j, ancl mnsin nd De pdis
aen, lced in Nh j, ryl
medieni Gden residence (twe
Lvende) nd Cenl p residence (twe
andine) lced in Wes j, nd nly
ne ec lced in Suh j: Nifklib.
ovell, hee is n big chnge in he csiin
en disibuin, wih und .%
l suly lced in he CBD. Elsewhee,
he gviy suly is lgely in Wes nd
Nh j, whee en ecs sly
ce wih ssive unis. Wes j
eesens .% he l en sc
in j, while Nh j hs .%
js l unis. on he geed segen,
he s-ile en e ws dinedby iddle-lw clss ecs (% he l
exising suly), while he luxuy clss segen
eesened he les.
U his que, s uch s % (
welve en ecs l eced
, unis) eneed he e, dined by
he lw nd iddle-lw clss segen. By
cns wih suly in Q nd Q, he eining
ecs will be dined by iddle-ue nd
ue clss develens. the CBD willcnibue hee ecs: abssde
residence, Dens residence nd Css
Gnde residence. menwhile ,Cenl j,
Nh j nd Wes j will be
esecively sulying w ecs: @Ci
r
r
r
r
r
r
r
Q
Q
Q
Q
Q
Q
price(inRpmio)/sqm
CBD Suh j
Nn CBD avege
average price per sQUare meterof strata-title for sale apartments
in Jakarta
Cllies Ineninl Indnesi - resech
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composition of apartment for lease
Cllies Ineninl Indnesi - resech
sUpply
F he ls w yes since Gl pnd Indh
(we ) eneed he e, hee hs been
ciclly n ddiinl suly unseviced
en unis (uely lesed ens). U
his que, ddiinl suly eneing he
e iginlly ce seviced
ens. the ening unis, in Fse
residence Sudin ens Fses
Hsiliy pe Ld, lced in he glden
ingle cenl business disic, incesed
he l suly j Seviced nd
Unseviced ens , unis s Q
. o his nube, seviced ens
cninued led he e by %.
the disibuin lesed nd seviced
ens ws iily cncened in he
CBD nd Suh j, wih s uch s %
nd % he l sc, esecively.
reining es, such s Cenl, Nh, Es,
nd Wes j, vide ewe hn
ens seviced nd unseviced
ecs. Wihin hese es, he iddle-ue
clss en ecs ed he lges
he e, bu % he l
unis.
demand
the vege ccuncy e ens
lese (seviced nd unseviced) in genel
duing his que ved uwd n vege
.%, .% in he evius que.
the inux eign wes he cuny hs
been signlled he beginning ail nd
his s bbly cused he ccuncy
ence.
the CBD sw he s signicn ccuncyincese seviced ens, s his e
cninued s he eeed lcin he
seviced en ye. ae ding in he
ely que he ye, seviced ens
in he CBD nged ecd highe ccuncy
es hn he he ve uniciliies, n
vege .%, u .% q--q. Siilly,
Suh j e ls sed sng
dend hughu he que, u n
vege .% incese, .% q--q. ohe
es besides he CBD nd Suh j
exeienced .% ccuncy es, llwing
unis bece vilble n he e.
apartment for lease (serviced and Unserviced)
by category by market segment
In he uue, hee will be bu n ddiinl
unis unseviced ens,
plz Senyn aen (wes C & D)
eced ee in le . menwhile,
seviced ens, asc Seviced
residences Ciu Wld j nd
Cidines rsun cnibue nd unis,
esecively, nd hey e ediced ee
in le .
occUpancy of apartment for lease in different locations
area
1Q 2011 2Q 2011 increase
serviced Unserviced serviced Unserviced serviced Unserviced
CBD 66.47% 82.09% 80.28% 83.72% 13.81% 1.62%
Suhen j 67.95% 73.42% 79.46% 77.21% 11.50% 3.80%
ouside CBD 52% 72.39% 56.91% 73.56% 4.63% 1.17%
Cllies Ineninl Indnesi - resech
performance of apartment for lease in different locations
area total sUpply Units occUpied vacant Units occUpancy (%)
CBD 3,447 2,829 618 82.07%
Suhen j 2,956 2,297 659 77.71%
ouside CBD 1,655 1,166 489 70.45%
t 8,058 6,292 1,766
Cllies Ineninl Indnesi - resech
Unseviced
%
Seviced
%middle-Lw
%
middle-
Ue
%
Luxuy
%
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oUtlook
In he nex ew yes, en develen
will be e cused n he ne-s living
cnce, whee ccuies/enns cn sh, d
business, execise in he gy, wch cine
nd eel he. this ye en is
sly und in ixed-use esidenil nd
cecil cund. Se exising ixed-
use cund ecs wih esidenil
cnens e Sudin CBD, Senyn Ciy,
ru plz, kel Gding Sque nd plz
Senyn. this will be llwed by he eny
se uue nging ecs, including
kuningn Ciy, Ciu Wld j, rsun
Eicenu, k ksbln, keng Villge,
Gndi Ciy, Geen By plui, S miz, nd
pd Ciy. ang he siive ics
ixed-use develen e he cncenins
civiies in ne e, which enbles iend cs eciency nd educes i lluin.
aen ices wuld enilly suge ve
ie, icully becuse lnd ices
signicnly incese (wihin he CBD) nd
gdul cnsucin cs, which will inevibly
fec en ices. In he sh e, he
senghening he uih vlue gins he
geenbc will ush lndlds incese hei
enl cs, becuse he einl cs is in
lcl cuency.
Inquiies luxuy enl ens, sly
lced in he CBD, e nicied gw
gdully, lng wih he incesed civiy
big cins, which is cnsideed he in
dend gene he luxuy en
e. menwhile, i is seen h lesing
civiy in Suh j e ws bsed bysh-e ccuies.
Exising enl en ecs in j,
lgely csed ged develens, e
lcing eniies h newe cndiniu
develens fe. this will liely led
dend cncene seleced quliy ecs
such s seviced ens (icully hse
nged by ineninl hel es)lced clse wihin he CBD.
rental rates
the vell enl es ens lese
(seviced nd unseviced) wee sedy n
vege US./sq /nh. a sll
inceen ws cnibued by n en,
lced in kebyn Bu, which dused he
enl e incese by US e uni,
einl cs esns.
Hweve, in he uue we nicie h he
senghening uih deninin gins
he U.S. dll wuld cec he vege enl
es, becuse in his clculin we snddize
he clculin using U.S. dlls. thus ,
becuse ny lesed en use dlls
nscins, lndlds wuld nicie
incesing he es becuse he einl
css e in uihs.
aens in he CBD eined he e
lede in quing sing ens US./sq
/nh, US./sq /nh
eviusly. menwhile, hse in Suh j
nd he uside CBD inined vege enl
es US./sq /nh nd US./sq
/nh, esecively.
In es enl if e uni (n vege),
enl cs unseviced ens wee
ecded US,/uni/nh. the lwes
en his ye en ws US/
uni/nh, while he highes ws US,/
uni/nh. menwhile, vege enl es
e uni seviced ens egiseed
US,/uni/nh. the lwes en sed
US/uni/nh, nd he highes
US,/uni/ nh.
,
,
,
,
,
,
CBD Suh j Nn CBD
,
,
,
,
,
,
CBD Suh j Nn CBD
Cllies Ineninl Indnesi - resech
Unserviced serviced
average rental rates of apartment for lease
Cllies Ineninl Indnesi - resech
.
.
.
.
.
Q Q
CBD Suh j Nn CBD avege
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Expatriate Housing and Apartments
eXpatriate hoUsing
sUpply and rental rates
F he ls six nhs, und huses
exie sndd wee dded u dbse,
including new enved huses. peeed
exie es, such s kebyn Bu,
pnd Indh, keng, Ciee, ec., genelly
vide huses n exies cn
sndd, lie iniu u beds
wih building size iniu
sq . addiinl ciliies lie swiing
ls nd bc yds e sill he in cin
in selecing huse.
the unde cnsucin eleved d
cnnecing jln tB Siung Bl m
e is scheduled nish in augus nex ye.
Duing he cnsucin hee wee lgely
unusied es ngs newly ived
exies h i wuld igge cngesin
ccess es lie keng, Cilnd Ciee.
me nd e exies e nw eyeing
vuie lcins lie pnd Indh
kebyn Bu. Neveheless, he chllenge
lies in he liied sc in hse lcins, which
hs iggeed highe sing ens hee. Husingsuly is elively sgnn in hese w es,
due sly he scciy lnd. F exle,
lnd in he ie lcin in kebyn Bu
cn be feed s high s r illin/sq
(equivlen US,/sq ), nd his
iedes he develen new huses.
the ble belw gives bie desciin
vege lnd ice in se eeed exie
lcins.
eXpatriates hoUsing rental rates
hoUsing by area size (sQ m) rental rates (Us$)
meneng
3-Bed Huse 150 - 700 US$2,000 - US$3,250
4- 5-Bed Huse 500 - 1,200 US$3,000 - US$9,000
kuningn
3-Bed Huse 400 - 700 US$3,000 - US$4,500
4- 5-Bed Huse 500 - 900 US$3,500 - US$11,500
pnd Indh3-Bed Huse 500 - 700 US$2,500 - US$4,000
4- 5-Bed Huse 550 - 1,000 US$3,500 - US$15,000
3- 4-Bed/clex 350 - 600 US$3,000 - US$4,500
kebyn Bu
3-Bed Huse 500 - 750 US$2,000 - US$4,000
4- 5-Bed Huse 600 - 1,500 US$3,000 - US$15,000
2-Bed twnhuse/clex 135 - 200 US$2,500 - US$3,500
3- 4-Bed twnhuse/clex 250 - 700 US$3,000 - US$6,700
pe Hiu, Siug
3-Bed Huse 300 - 500 US$2,500 - US$3,500
4- 5-Bed Huse 400 - 1,500 US$2,500 - US$12,0003- 4-Bed twnhuse/clex 220 - 240 US$2,500 - US$5,000
keng
2-Bed twnhuse/clex 210 US$2,000 - US$3,000
3-Bed twnhuse/clex 300 - 500 US$3,000 - US$4,500
4-Bed twnhuse/clex 400 - 700 US$3,500 - US$5,500
3-Bed Huse 400 - 750 US$3,000 - US$5,000
4- 5-Bed Huse 550 - 1,000 US$3,500 - US$7,000
Cilnd
2-Bed twnhuse/clex 200 - 300 US$1,500 - US$2,500
3-Bed twnhuse/clex 280 - 400 US$2,000 - US$3,500
4-Bed twnhuse/clex 300 - 700 US$2,250 - US$6,5003-Bed Huse 300 - 600 US$2,500 - US$5,500
4- 5-Bed Huse 450 - 750 US$2,500 - US$7,000
Ciee
2-Bed twnhuse/clex 150 - 220 US$1,500 - US$2,000
3-Bed twnhuse/clex 200 - 300 US$2,000 - US$3,500
4-Bed twnhuse/clex 400 - 700 US$2,750 - US$6,000
3-Bed Huse 300 - 500 US$2,500 - US$3,500
4- 5-Bed Huse 400 - 800 US$3,500 - US$7,000
peen
3-Bed twnhuse/clex 400 - 600 US$1,500 - US$7,000
4-Bed Huse 500 - 900 US$3,000 - US$7,000
Cllies Ineninl Indnesi - residenil tenn reesenin Sevices
average land prices in severaleXpatriate locations
location
average land price/sQ m
in rUpiah Us$ eQUivalent
kuningn r21.4 i US$2,490
kebyn Bu r19.3 i US$2,240
meneng r19.1 i US$2,220
pnd Indh r17.6 i US$2,050
pe Hiu r15.7 i US$1,830
keng r8.4 i US$980
Ciee r7.4 i US$860
peen r7.3 i US$850
Cilnd r6.5 i US$760
Cllies Ineninl Indnesi -residenil tenn reesenin Sevices
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the enl if husing hs been elively
he se ve he ls six nhs, wih ll
husing qued in U.S. dll ens.
Neveheless, lng wih he senghening
uih vlue gins he geenbc, lndlds
sed sing highe ens, nging
US US, becuse hei exenses ei, envin nd he ein he
huse e id in lcl cuency. on he
ce side, his will be ugh issue, since
ccdin cs budges eined he
se.
High ning cils genelly i pnd
Indh nd kebyn Bu, whee luxuy
huses cn be feed bve US,/
nh. Fuhee, hee e ewe edy
sc huses vilble in hese w lcins.
demand
Sevel lines businesses duing he s hl
he ye wee quie exnsive, icully
FmCG (s ving cnsue gds)
cins. this is yiclly llwed by n
incesing nube exies being hied,
uelling he ex husing e. We hve
winessed nube husing inquiies
such n indusy. menwhile, he end
husing dend oil Cny hs been
elively cnsn.
thee e elively ew ex-sndd huses
wihin kebyn nd pnd Indh lcin
nd, hse hee e, he budge will be high.
pnd Indh is eeble lcin in Suh
j, i fes gd eniies nd
bience nd is ls vey clse j
Ineninl Schl. Exies wih ce
lcins in he CBD wuld sill vu his
lcin nwihsnding h i is quie
hei wlce, becuse en he xiiy
he ineninl schl is he highe iiy.
as kebyn Bu, enl es e veyhigh becuse i is ne bh he wlce in
he CBD nd ineninl schls lie jIS
piu.
apartments
sUpply and rental rates
F he ls six nhs, he vege enl es
if seleced exie ens hs
shied uwds. In Sudin e, we hvewinessed enl inceses in he nge %
s high s % in US/uni. ovell, s
inceses wee seviced en unis. In
genel, enl ifs unseviced ens
e elively . Ced ls seese,
enl es seviced en in meneng
se by %; in kuningn e (rsun Sid)hey clibed by % %; in pnd Indh
enl hey incesed by %. In kebyn
Bu enl es wee elively .
apartment rental rates
apartment by area size (sQ m)rental rates (Us$/Unit)
Unserviced serviced
Sudin
1-Bed aen 50 - 121 US$1,500 - US$1,700 US$2,200 - US$3,5002-Bed aen 84 - 180 US$1,500 - US$4,000 US$2,500 - US$4,000
3-Bed aen 106 - 370 US$2,200 - US$5,000 US$3,000 - US$5,800
4- 5-Bed aen 236 - 513 US$3,500 - US$8,000 -
meneng
1-Bed aen 70 - 100 - US$1,500 - US$1,700
2-Bed aen 112 - 142 1,500 US$1,800 - US$2,400
3-Bed aen 147 - 213 US$1,800 - US$2,500 US$2,000 - US$3,500
kuningn
1-Bed aen 62 - 80 US$1,500 - US$1,800 US$1,900 - US$3,000
2-Bed aen 95 - 145 US$1,500 - US$2,200 US$2,000 - US$3,800
3-Bed aen 96 - 323 US$1,500 - US$4,300 US$2,100 - US$4,200pnd Indh
1-Bed aen 58 - 91 - US$1,800 - US$2,700
2-Bed aen 83 - 190 US$1,500 - US$2,000 US$2,500 - US$3,500
3-Bed aen 121 - 300 US$1,800 - US43,500 US$2,900 - US$5,000
4- 5-Bed aen 285 - 500 - US$5,250 - US$5,750
kebyn Bu
2- 3-Bed aen 120 - 350 US$1,750 - US$4,000 -
pe Hiu, Siug
1-Bed aen 45 - 75 US$1,500 US$1,900 - US$2,200
2-Bed aen 90 - 175 US$1,500 - US$2,000 US$2,450 - US$2,500
3- 4-Bed aen 165 - 300 US$1,700 - US$4,000 US$2,750 - US$3,900keng
1-Bed aen 45 - 76 US$1,500 - US$2,000 US$2,400
2-Bed aen 78 - 143 US$1,500 - US$1,800 US$2,700
3-Bed aen 165 - 200 US$1,750 - US$2,600 US$4,700
Cilnd
2-Bed aen 90 - 114 US$1,500 - US$1,900 US$2,200
3-Bed aen 125 - 315 US$2,000 - US$3,500 US$3,000
4- 5-Bed aen 262 - 300 US$3,450 - US$3,950 US$3,400
Ciee
3-bed aen 220 - 295 US$3,300 - US$4,500 -
Cllies Ineninl Indnesi - residenil tenn reesenin Sevices
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occUpancy
Ue-clss ens genelly cue high
ccuncy beween % nd %. this
gue ws ily sble ced wh ws
chieved in he evius seese.
average occUpany rate of selectedapartments preferred by eXpatriates
Legend:
a: Dhwngs, Silend
B: Fu Sesns, plz Senyn, the plz residence
C: the residence, Gl pnd Indh, Bui Gl, asc,
meneng Execuive
D: asn, pe Belin, pui Csblnc, Csblnc
E: tn rsun, pui Ieiu
Cllies Ineninl Indnesi -residenil tenn reesenin Sevices
demand
thee e elively ew ex-sndd huses
wihin kebyn nd pnd Indh lcin
nd, hse hee e, he budge will be high.Exies wih n ids will be dieced
en ccdin, bu such n
ngeen is n s ul ngs
exies, wh ee huses he
hn ens.
trend of nUmbers of eXpatriates
the Indnesin Huse reesenives
(Dpr-rI) hs ved d legislin h
ises n unecedened level ese
eign esidens. Se he eigne-iendly egulins include he llwing:
I will llw eign invess bin
enen esidency in Indnesi i hey
ee cein ciei. While eign
invess in he s hd sy in
Indnesi ve yes bee being ble
ly enen esidency, he new
ules shen h equieen hee
yes;
penen esidency will be given
ilies ixed iges beween
Indnesins nd eign ninls. this
ciliy will exend husbnds, wives nd
childen such unins.
penen esidency wihu ie lii
will be given cein invess ied Indnesin ciizens, which cn be
enewed wihu yen evey ve yes
n iigin ce;
Disciinin wds he fsing
ixed iges beween Indnesins
nd eign ninls is execed end
wih he new iigin lw. Childen
esuling such unins e eniled
Indnesin ciizenshi nd llwed sy
enenly in Indnesi;
Childen ixed iges wh e
living veses bu wish bece
Indnesin ciizens will be cilied wih
ey ciizenshi idenicin vlid
w yes. ae he w-ye eid
hey cn bin enen esidence in
Indnesi.
United states
the nube exies he U.S. he
ls u yes hs been elively sedy. the
quely d sed h und
exies ce Indnesi, while in
nubes ucued, whee in se
eids quely nubes exies
ded ele, bu ls eched e
und exies. F nwds,
he nube exies he U.S. hs
gdully incesed. By nlyzing he gh
end, he nube exies he U.S.
will n ucue uch.
eUrope
the quely d exies Eue
dense n uwd end he ls u
yes. the nube exies Eue
exeienced suge evey ely que he
ye. a signicn u ccued in Q
nd sill cninued s in he Q . In
sh, he end gwing nube
exies Eue will cninue edge
highe, given sble ecny nd siive
invesen clie.
%
%
%
%
%
%
a B C D E
averge
nUmber of U.s. eXpats grantedtemporary and permanent
resident permits
1Q2
007
2Q2
007
3Q2
007
4Q2
007
1Q2
008
2Q2
008
3Q2
008
4Q2
008
1Q2
009
2Q2
009
3Q2
009
4Q2
009
1Q2
010
2Q2
010
3Q2
010
4Q2
010
1Q2
011
Diece Genel Iigin - reublic Indnesi
nUmber of eUropean eXpats grantedtemporary and permanent
resident permits
1Q2
007
2Q2
007
3Q2
007
4Q2
007
1Q2
008
2Q2
008
3Q2
008
4Q2
008
1Q2
009
2Q2
009
3Q2
009
4Q2
009
1Q2
010
2Q2
010
3Q2
010
4Q2
010
1Q2
011
Diece Genel Iigin - reublic Indnesi
aUstralia
Siil he nube exies he
U.S. nd Eue, ausli hs ls shwn siive end he ls u yes . Sing
wih ele in , he ls w yes
he nube hs nicebly dubled, n
vege ele e que in . I we
l he disibuin, he quely en is
bi nd; hweve, in seesely nlysis
hee is e dely en. Wih such
en, cbined wih gee he bee
ecny, he nube exies shuld
enilly gw.
nUmber of aUstralia eXpats grantedtemporary and permanent
resident permits
1
Q2
007
2
Q2
007
3
Q2
007
4
Q2
007
1
Q2
008
2
Q2
008
3
Q2
008
4
Q2
008
1
Q2
009
2
Q2
009
3
Q2
009
4
Q2
009
1Q2
010
2
Q2
010
3
Q2
010
4
Q2
010
1Q2
011
Diece Genel Iigin - reublic Indnesi
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Retail Sector
sUpply
Jakarta
ae hving liied suly ne shing
cde ls que, gin, he j eil
e sw n ddiinl eil sce duing
he eviewed que. Nneheless, he
cnsucin gess is sill cninuing wihu
dely, ensue h he schedule is sill n
c. abu hee eil cenes e execed
nish his ye, including sizeble eil e
in kuningn Ciy ixed-use cund, nd
nhe w shing cdes he size eil,
i.e. ae nd Geen tebe Shing acde,
which is eced ee in he nex end
que .
anhe eil develen lced in Suh
j nd ls ineged in ssive
high-ise esidenil clex h is nicied
ee his ye is klib Ciy Sque. as
neighbuhd eil cnce, he iy
enns will be d nd bevege eiles
us s su. ohe enil suly will ls
ce he exnsin exising ItC rxy,
heic gdge cene in Wes j, which
will veiclly exnd ne cilie
elecnic ducs.
Wih n ddiinl suly, eil sce in j
eined . illin sq . as hee will be
liied eil sce cing his ye, he nnul
suly will be he lwes he ls
hee yes.
fUtUre sUpply list of retail centre in Jakarta
retail centre location proJected completion constrUction progress
klib Ciy Sque klib 3Q 2011 Unde Cnsucin
kuningn Ciy Si 4Q 2011 Unde Cnsucin
ae 51 pnd Indh 4Q 2011 Unde Cnsucin
Geen tebe mt Hyn 4Q 2011 Unde Cnsucin
keng Villge pngen ansi 1Q 2012 Unde Cnsucin
meneng Sque plsi 1Q 2012 Unde Cnsucin
k ksbln ksbln 2Q 2012 Unde Cnsucin
Ciu Wld j Si 4Q 2012 Unde Cnsucin
Ciinng Indh mll Ciinng 4Q 2013 Unde plnning
Geen By plui plui 4Q 2013 Unde plnning
S miz pui Indh 4Q 2013 Unde plnning
puls X Venue puls 4Q 2013 Unde plnning
mll the Ciy Cene kH ms mnsyu 4Q 2014 Unde plnningt = 543,467 q
Cllies Ineninl Indnesi - resech
cUmUlative sUpply of retail spaces in different regions in Jakarta
Cllies Ineninl Indnesi - resech
,
,
,
,
,,
Q Q F F
sqm
Suh Cenl j Wes j Es j Nh j CBD
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fUtUre sUpply list of retail centre in debotabek
retail centre location proJected completion development
tngeng Ciy tngeng 3Q 2011 Unde Cnsucin
plz Du r Bg 1Q 2012 Unde Cnsucin
Shing mll al Sue tngeng 2Q 2012 Unde Cnsucin
the Beeze Sin ms Lnd tngeng 3Q 2012 Unde plnning
Suecn mll Seng II tngeng 4Q 2012 Unde plnning
Cindl Ciy mll Bg 4Q 2013 Unde plnning
Cindl Ciy tde Cene Bg 4Q 2013 Unde plnning
ml Hn Indh Besi 4Q 2013 Unde plnning
Besi juncin Besi 4Q 2013 Unde plnning
Besi tde Cene 2 Besi 4Q 2013 Unde plnningmelin Gnd mll Besi 4Q 2013 Unde plnning
Bin Liesyle Cene tngeng 4Q 2014 Unde plnning
t = 431,720 q
Cllies Ineninl Indnesi - resech
demand
Suly eil sce ls eches illin
sq , leving und , sq . this
eecs he ccuncy level in Q
chieving .%, u .% q--q. Since id-
, he ccuncy end in j hsended gdully incese. the eguled
Living Wld al Sue, lunched in my
, is he nly shing cene cleed his
que. ofeing difeen bience, he
cene is designed wih syligh cnce wih
de dined by glss, which iizes
he sunligh. the cene vides und
, sq ne leble eil sce,
binging he l eil sce in he DEBotaBEk
e . illin sq .
the tngeng e will dine he suly
csiin eil sce in he uue. Bsed
n he nube ecs in he ieline, duing
uue , hee will be sevel cenes
lnned en, including tngeng Ciy,
Suecn mll Seng II, Shing mll
al Sue nd w liesyle cene lls: the
Beeze nd Bin Liesyle Cene. anhe
cive e is Besi, wih sevel lns new
eil cenes, llwed by Bg. In Bg,
he uue eil sces being
lnned, Bellnv Cuny mll in Senul will
dd ne e hei exnsin nd his
will seeingly be sed nex ye.
cUmUlative sUpply of retail spaces in different regions in debotabek
Cllies Ineninl Indnesi - resech
suly incese nd he high e-cien
level new eil cenes e seeingly he
in ey dives inining ccuncy level.
the vell vcn sces e sly
cncened in he s-ile eil cenes(widely nwn s de cenes).
Siil j, he vege ccuncy level
in he DEBotaBEk e densed n
uwd ence. Duing Q , he
ccuncy level ws egiseed .%, u by
% n he evius que.
,
,
,
,
,
,
,
,
Q Q F F
sqm
Bg De tngeng Besi
sUrroUnding the city of Jakarta (debotabek - depok, bogor, tangerang and bekasi)
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occUpancy rates of retail centres in Jakarta and debotabek
Cllies Ineninl Indnesi - resech
tenant transactions
Jakarta
Sevel nscins wee ecded in ve
egins j, sing Wes j,
which eched he highes gwh q--q. this
chieveen is lgely buyed by he excellen
ence Cenl p mll. this shing
ll, lced wihin Cenl p cecil
cund, cninued dd hei enns lis
since ening in , n nly cied
ccuying bu wih new enns ls ening
hei ses. the ein new shin nd
ccessies eiles ws dined by suchs Besh, Sdivius, Lee, Feless, Nex,
Ubn Icn Nuic, Guess, Eienne aigne,
rul, Hug, mng nd tds. F dining nd
gue dining, i ws ble ecui Cls j,
Dh kichen, nd ti kichen. Eh
hecy, beuy nd esnl ce ls
ened his ll, which eceived wds
he ninl nd asi pcic level ecenly.
occUpancy rates in different regencies in Jakarta
a eil cene iginlly eed sle bu
vilble lese is ItC rxy ms, which
ecded sund ence. ae being %
sld, his cene sill fes he vced sce
lese whee, duing he eviewed que,
new enns selling gdges heled his cene
chieve high ccuncy. aniciing uhe
inquiies, he lndld is lnning exnd ne
veiclly, in icul llcing he sce
n elecnic cene.
In Suh j, eil sce nscins
icully uned u wihin he business
disic e, which lied he vell ccuncy
ence in his egin. pcic plce mll
cninued ee u gd lesing ence
wih he ein new enns lie tese
(ls ening plz Senyn) culiny lcl
enn. ohe newly eing enns include
the S nd oe Blnc. Sill wihin his
ll e he elcin civiies, invlving C
Bewi, which sees lge sce, kidzne,
which will elce dcen kidzni. this is
lnned bee gnize nd e cle
zne he cene. Fuhe, in niciin
he inux new deen se pis,
Gleies Lyee, which is cned
ccuy sce sn, he lndld is niciing
elcing sevel eing enns.
ohe enncy civiies e ls ccuing
Senyn Ciy his que nwd. ae
nishing envin, kiddy Cu e-ens,
llwed by tn, ens shin eile,
nd Cldsne, n ice ce ule. I ws ls
indiced h se enns will ccuy lge
sce und lw zne es he ll.
Lesing civiies wee ls cuneblnced
wih clsue he ses; exle, iBx, n
ale duc cene, clsed hei exising
ule envin nd ened ey
ule in n islnd e, while he dec,
ichen & unishing ule ws seen clse
hei ein.
tw eil cenes in rsun Sid e - rsun
Eicenu nd ps Fesivl - ls welced
he ennce sevel eiles, he iy
he d nd bevege indusy. I ws
ineesing ne h n unusul ye cive
enns ened Seibudi one: pse
Dnce mngeen, dncing clss ccuying
he hid . menwhile, wihin his cene,
Dbu-Dbu eily clsed envin
nd ming Sed sed eing.
%
%
%
%
%
%
%
Q Q Q Q Q Q
j Gee j
%
%
%
%
%
%
%
%%
Q Q Q Q Q Q
Cenl j Suh Nh j Es j Wes j
Cllies Ineninl Indnesi - resech
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a well nwn liesyle cene, Cis (Cilnd
twn Sque), bugh Delince s new
enn, while plz Bl m lled in he eining
vcn sce wih vius eiles d,
shin nd ccessies.
as he CBD es e wihin he Cenlj regin, sevel lls e cegized
s ue clss lls. F exle, plz
Indnesi will hve a|X ani Exchnge, Sin
Luis Hees nd tie plce. I is ls
indiced h ane, mndii Bn, Edidi,
Fendi nd Blencig e lnning en
sn.
a plz Senyn sevel enns F&B
hve ened, including De Luc, den
Ilin esun nd ccil b, nd pdise
Dynsy, gehe wih mnlg, cfee sh
wih g line cfee nd ll-dy bes ened
n he gund .
the wes wing side Gnd Indnesi
Shing twn hs eed bee hn he
es wing nd cued w shin nd
ccessies eiles, Bni nd Sell.
menwhile, in he es wing side, se
buiques lcl designes hve ccuied
vcn sce le by ne deen se
(desie he l vced sce nly ne
hving been ccuied). In sh ie
sevel eiles e ls lnning en snin he es wing, cising Vede, rcc,
mdisn nd png kencn. j a
Disic ls icied in ccuying lwe
zne, selling vius hndics nd inings.
this enncy ix is execed e evenly
disibue visi c he ll nd bs
ccuncy.
N nly eiu lls e enying cninuing
lesing nscins; he clsses shing
cenes, icully lced wihin Cenl
j, hve ls shwn gd ence.F exle, he eun mcDnlds hs
esed Sinh s ul lce
hngu eeing in nd hus eniced
Sinh exend is deen se he
gund . anhe eil cene, plz
aiu, hs cquied enns selling gdges,
shin nd d nd beveges. In tnh
abng, well-nwn gcey e, he s-
ile sces wee sublesed by eiles selling
shin duc nd ccessies.
menwhile, mhi Deen Se
lunched ne new se ecenly. this se
nd sevel sll eiles ccuied ll
lced und kel Gding, Nh j.
Sill in he kel Gding, nhe big ll
dded tys kingd, mui Se nd Clny s
ini nch enns.
all he gd sies bve wee cnsed
wih lesing einins, in icul when
he nscin wihin eil cene cnn
cve he einl cs. this sly ccued
in lw eing s-ile eil cenes.
Fuhe, n ll shing cdes sed gd
ence, icully when he inenl
ge visis cnn su he ein
he enns. In u view, new enns wuld
e he uniy en hei ules wih
iniu enl bu when c wihin he
cene is lw, ny clsed dwn. By cns,
well-nwn nd bnded eiles wuld nly
en in esblished shing cenes wih
cnsisen c w.
debotabek
Bee cilly lunching, Living Wld al
Sue hd cquied se id-size enns
lie XXI, Disc t, Elecnic Sluin, In,
ace He Cene, tys kingd nd He
Suee. this ll is ls equied wih
lis F&B eiles, such s j.Co, Bed tl,
tigw, rn, kii, Se Senyn,
Sli, Bengwn Sl, nd my ki hd
ledy ened. ohe enns, lie Bie Clny,
Gudin, Cenuy, Bdy Sh, oi Seis, oi
tunggl nd oi melwi, e n he lis
new enns. S , he cien level
his shing cene hs chieved und %,
which hels inin he vell ccuncy
he DEBotaBEk e.
occUpancy rates in different regencies in debotabek
one DEBotaBEk es, De Ciy, shwed
n uwd end in eil sce bsin.
Fd nd bevege eiles, such s DCs,
Bubu Des nd rice Bwl, ened Cinee.
anhe viey enn cising shin
eiles, ss sin nd ccessies
wen ened Lis De twn Sque,lced in mgnd. anhe geing shing
cene lced in he se cid, De mll
hd enved is de c e visis
s well s viding -hu sevice
visis e mcDnlds nd kFC ules.
these segies e quie efecive in iving
he ll cee wih newe lls in he
suundings. t de, the Fdhll nd mizn
bse e in he ing-u gess en
in his ll.
In he esen DEBotaBEk e, Besi
Sque nd pnd Gede plz hve cied
wih sevel d nd shin eiles, while in
he suhen , Bellnv Cuny mll,
lced in Senul, is lnning exnd veiclly
ccde he exnsin deen
ses.
%
%
%
%
%
%
%
%
%
Q Q Q Q Q Q
Bg De tngeng Besi
Cllies Ineninl Indnesi - resech
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commitment level in the Under-constrUction retail centre
Le Deen Se ke hs signed
ccuy he whle sce in Ciu Wld
shing cene in jln p. Si, nd is
eced en in . t de, Le is ne
he s cive eiles, which is ls
lnning ee in kuningn Ciy (bu Ciu Wld) wih he bnd Le
m. a diec cei Le m is
Ceu, which will cence in he ll
k ksbln. Besides Ceu s he
nch enn, k ksbln hs secued
sevel enns ccuy illy lesble
e.
In he DEBotaBEk e, tngeng Ciy is
eing s lunch. the ll is buil
ineged wih esidenil develen nd
hs bined cien sevel
esuns, lie H H Ben, Bs
Lngn teb, Sli, rice Bwl, j.Co,
a&W, Dunin Dnus, Bed tls dn kFC.
ohe yes business ee in his ll
include jhny anden, oi Seis, oitunggl, Lily kse nd Cenuy. and lue
e visis, nube cwd ulle enns
hve geed ee, including Fun Wld,
Fun ok ke, Gedi nd Ceu.
anhe ll in tngeng, ml al Sue,
ws ls eed secue high e-
cien lesing nscins, while he
ec is cceleing cnsucin w h
will be nished by nex ye.
average asking rental rates in Jakarta and debotabek
Cllies Ineninl Indnesi - resech
Wih nly dee uwd veen, less
hn % ve ls que, ny develes
chse inin cuen sing enl es,
hus binging he vege enl es in j
e r,/sq /nh in Q . a
elively iving end .% q--q ws
enyed by he DEBotaBEk e, egise
n vege r,/sq /nh.
the vell enl es e eced sbilize,
wih he sng ssibiliy gdully
incesing, lhugh develes e e
uden in inducing highe es, due
igus ceiin. all in ll, he uwd
end in enl es will be lgely uelled by
he ein new shing cenes (
iddle ue clss), which will inducehighe es hn vege.
average service charge in Jakarta and debotabek
Cllies Ineninl Indnesi - resech
In genel, develes inined sevice
chge css hei cuen level. any
difeence ls ques gues ws
inly in he dusen de by ew
lndlds, bu his nly desly lied he
vege sevice chges in j r,/
sq /nh. In he DEBotaBEk e, cule ixed cs hve lied he vell sevice
chge gue, lbei deely. Such cs
e he need dus he if ccding
he e vlue nd he vell dusen
de due ein einin nd inux
new shing cenes. recded he
DEBotaBEk e, ws sevice chge cs
r,/sq /nh, dused by .%
q--q.
oUtlookIndnesi, wih is enus ulin nd
ising ecnic ul, hs been unde
he d ny veses invess. F
he bnded shin nd ccessies line
business, quie ew Euen bnds e nw
eyeing he enil ue clss e, which
is quie slid, icully in big ciies lie
j nd Suby. Liewise, he d nd
ue clss esun yes eiles e
sly cing Eue he U.S., nd
sevel asi cunies. they e sly geed
he iddle ue clss segens, eling
hei liesyle. the e is execing see
e new bnds, i.e. bnds which hve n
eed in Indnesi bu hve sng
esence ineninlly. Such bnds shuld
be ulling c, icully snb
shes ( which hee e quie ew).
on he hyee level, he exising
ceiin ng Ceu, Gin nd
Hye hs been chllenged by he vey
exnsive Le gu ke. they e
nw ying cquie eil sce in iy
new lls, s well s cquiing lnd heigcey ein. N wning iss he
uniy, me Csh nd Cy is ls
eyeing he big e in Indnesi, lhugh
hey wuld ee hve snd-lne eises.
all hese signs hve cned h Indnesi is
big l enil es be develed
nd we will see e new bnds cing in
Indnesi, which is gd shes
esecive, feing new ins.
asking rental rates and service charge
r
r,
r,
r,
r,
r,
r,
r,
r,
Q Q
j DEBotaBEk
r
r,
r,
r,
r,
r,
r,
r,
r,
Q Q
j DEBotaBEk
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Industrial Estate Sector
sUpply
Lnd sc, icully in he Besi egin, is
becing e due cninuing bsin.this ls hens in sevel indusil eses
in he egins, whee lns exnsin
hve n been in lce. menwhile, in he
tngeng egin, ny indusil eses hve
un u lnd sc, icully hse selling
he ublic. Bsiclly, while hee is uch
lnd sc in tngeng, sevel indusil
eses nly sell hei wn gu
cnies, which ensues lw ccuncy
sevel yes.
Duing Q we hve seen n ddiin
xiely . heces he mm
indusil ese. this is bsiclly lnd
subsiuin e develes cquie his geen
e in ulllen he bligin vide
geeney qu. the sll inceen deely
ised he vell sc seviceble indusil
lnd ,. heces in he six egins
(j, Besi, tngeng, Bg, kwng
nd Seng.
Se indusil develes hve suggesed
h hey wuld ceed wih hei exnsin
lns. F exle, ne devele in kwnghs nhe lnd exnsin und
heces bu wih he in sell he whle
lnd cel invess. ohe indusil eses
lie he ne in Seng hve sed sell hei
new hse develen heces s
indened . als in Besi, he e is
execing n ening new hse
develen ne (elively new)
indusil devele und heces
bu wih n denie schedule. anhe
inen devele in Besi/Cing e
hs ls se ge gdully en und heces e ye.
addiinl indusil lnd will n nly be
cing eing indusil eses. In
Seng, kwsn Indusi tedu mGm is
lnning en in , binging und
heces he e.
demand
Sueb is he wd descibe indusil sles
s . tl sles in lne hve usiedhe hisic high sles bu nw, e
nly six nhs , l sles u Q
hve gin sussed he l sles in
. In he ls w yes, ny indics in
distribUtion of indUstrial land in siX regions
j
%Bg
%
Besi
%
tngeng
%
kwng
%
Seng
%
Cllies Ineninl Indnesi - resech
he indusil e, such s lnd ices nd
e-u es, hve ved wd. tl sles
he s seese wee ecded
heces, highe hn he l
heces in . Wih nhe six nhs le,
l lnd sles he whle will be n
hisic high. tl sles his que lne
nly eesen % l sles in he evius
que, lling und heces.
land sales recorded Up to Q in each indUstrial estate
Cllies Ineninl Indnesi - resech
In genel, uive nd eled indusies
eined he ey dives indusil lnd
sles. U Q , nscins cncluded by
uive indusies eesened und %
he l sles in he s seese his ye,
ccuning l . heces. I isineesing ne h he iy lnd
nscins by uive nd eled
indusies ccued in eihe he Besi he
kwng e. In he ely hisy he
indusil e, he uive indusies
wee dieced cncene in hese w
egins; heee, big nes lie ty, Hnd,
Dihsu nd he ken nd Indin
uive indusies, hve been eing in
hese es. thei esence hs been gwingquie subsnilly, ls heling hei vend
nd u s nucues exnd wihin
hese es.
milleniu
CCIE
kBN
k Bui Indh (Indisei)
mm Indusil twn
kI miwng
mden Cinde
ku Indusil Es e Cilegn
kung Indusil Es e
k Bui Indh
jbbe
kIIC
Geenlnd (k Del ms)
Besi F
Del SilicnSuyci
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indUstrial land sales recorded in Q annUal indUstrial land sales cUmUlative sUpply, demand and take Up rates
Cllies Ineninl Indnesi - resechCllies Ineninl Indnesi - resech
type of active indUstries Up to Q
Cllies Ineninl Indnesi - resech
By egin/egency, Besi cnibued s
nscins duing he que, wih uindusil eses bing cnsideble
vlue. Geenlnd k Dels ned
l heces nscins by ne lcl
cny, ne Fench cny nd nine
jnese cnies, sly in he uive
indusy. the sles ecded by Geenlnd
wee uch highe hn he . heces sles
hey cncluded duing Q . In secnd lce
ws Del Silicn, which gin useed
nube sll nscins lling und
. heces. Ling hei buyes le,
s nscins wee de by wehuse
nd lgisics cnies, nd se
nucues nd he lsics indusy.
as in evius ques, hee wee e
cquisiins sll lnd cels sll
develes. this ye devele genelly
buys lnd Del Silicn, builds cy
building nd sells i. In he hid lce he
s sleble indusil eses in Besi ws
Besi F, which eed he sle l
. heces, cising he lesing
wehuse building ( -ye lese e)
inen cnsue gds cny,
und nine heces, nd selling he einde he indusies elecnics, elecicl
chiney, d, lsics nd in. anhe
indusil ese which ecded signicn
nscins ws jbbe, which in his
que ecded heces lnd
nscins, dwn he heces sld
in he evius que. Sles in jbbe
duing he s seese wee sly
uive nd cnsue gds, llwed
by slle nscins less hn w
heces by lsic, elecnics nd el
nucues, s well s wsh sevicend ding. alhugh ecding sll
nscins, mm, s ne iy indusil
ese in Besi cninued egise sles
NtC, in he uive cnen
%
%
%
%
%
%%
%
%
%
%
,
,
,
,
,,
,
,
,
,
Q
Cuul ive Suly (h ) Cuul ive Dend (h )
auive
.%
Fd &
Bevege
.%
Cnsue
Gds
.%
plsic
.%
pining
.%
phceuicl
.%
Seel reled
.%
Elecnics
.%
Cheicl
.%
mnucue.%
Lgisic/
Wehuse
.%
pcging
.%
Hevy
Equien
.%
mchiney.%
Gen
.%
texile
.%
mlding
.%
tie
.%Devele
.%
ohes
.%
anhe dynic indusy is cnsue gds
nd d. Duing he s seese , heeindusies chse Besi nd kwng s hei
lcin, wih ne sll indusy selecing
Seng s hei lcin. Gd ccessibiliy
he ll d, nd is xiiy dwnwn, e
siive ins ny indusies be lced
in Besi kwng. this is ls he esn
behind he gwing nube disibuin
cenes lgisics cnies cquiing
lcins in eihe Besi kwng.
In he tngeng e, we hve seen liied
nube nscins, s ny eing
indusil eses hve been well bsbed,
he esns such s indusil eses
nly cusing n selling lnd cnies
wihin hei wn gu. Se hes hve
liied ccessibiliy, which dissudes buyes
cquiing lnd. Big indusil eses lie
Cius, lbei leving se vcn lnd
cels, bsiclly hve vey liied lnd fe,
nd tn ten BSD, which nly vides
sll un indusil lnd. ou ecd
shws h duing Q nly millenniuIndusil Ese sld cy building
sq n exnding enn.
In he Seng e, we nly egiseed w
cive indusil eses wih cnsisen sles:
mden Cinde nd ku Indusil Ese
Cilegn (kIEC). mden Cinde sld l
. heces lnd building eil
cny nd he d nd wie indusies. all
nscins wee de by exnding enns
wihin he ese nd ll e lcl cnies.
kIEC, s ku Seel (he bigges
ninl seel duce) cninued ie sles
geeens wih seel-eled indusies, wih
.-hece nscin de by ken
cny (new Indnesi). a h,
d w eils lie sug whe u
cninued exnd wihin his ese, nd
his que we ecded ne lcl sug
indusy exnding nd cquiing nhe .
heces.
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2Q2
011
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greater Jakarta indUstrial land prices
Cllies Ineninl Indnesi - resech
indusy, which exnded nhe . heces.
all in ll, l sles Q in Besi egin
wee egiseed . heces, eesening
und % l sles duing he que.
kwng ws he secnd s cive egin,
selling nd lesing indusil lnd. als lleing indusil ese wihin kwng
egiseed nscins duing Q ,
eesening % he l sles duing he
que, und heces which hs been
bsbed by vius yes indusies. kIIC
sld he s he he indusil eses,
wih l sles . heces. Sles wihin
kIIC wee vius indusies: uive
s, in, seel cuing, e nd he
indusies. Lnd ls sld nged in size
w ve heces, lgely jn, wih
ne mlysi. ae hiing sles ecd
in Q wih l . heces,
Suyci Indusil Ese nly sld und
. heces his que. Neveheless, he
l lnd sld wihin Suyci is he highes
u Q s . Nble nscins wee
sly uive cnen indusies,
llwed by wehuse, gen, seel,
cging, hcy nd lsic indusies. kI
miwng winessed he exnsin
hei in enn, as, wih nble size
ve heces. ohe sll nscins wee
ecycling nd ecing indusies, exnding
hei ein. ohe sles nscins weeby ulding cny, ing . heces
lnd in k Bui Indh (Indisei), nd ne
uive cny jn, which bugh
eigh heces lnd hei exnded business
in k Bui Indh (Beslnd peiwi). Bsiclly,
k Bui Indh (Beslnd peiwi) nly leses
hei lnd; hweve, hey wuld fe n en-
sell in hei exising lng duin
enn.
on he lesing n, hee e ew indusil
eses feing lnd indusil buildings lese. In j, kBN hs been secilizing in
lesing indusil lnd nd buildings nd, u
his que, hee wee sll lesing
nscins sly he gen indusy,
lling und . heces. menwhile in
Bg, CCIE ecded w lesing nscins
he exnsin yn cy nd
wehuse. In kwng, k Bui Indh
(Beslnd peiwi) hd lesing dels hee
indusil buildings he uive indusy,
lling und . heces. the ls lesing
nscins in u ne wee he lesing w
exile indusies ke (lling six
heces), nd he exnsin n u-s
indusy jn u heces, ll in
kung Indusil Ese in kwng.
indUstrial land prices
tw esns hve been he deeinn cs
indusil lnd ee ving wd. Fis
is he scciy lnd vilble, nd he secnd
is he cninued bsin subsnil
vlue. agin, duing Q he e sill
winessed cninuing inceses in lnd ices,
whee ll egins eed ice inceses
duing he que. on vege, lnd ices n
vege incesed by .% ced ls
que, und n .% incese ced
ls yes gue. In Bg, lnd ices
incesed by .% q--q, u by .% ced
ls yes gue, due he ice dusen
de by ne indusil ese in Senul e. In
tngeng, ice inceses wee sly due
dusens de by se indusil eses
wih liied sc.
kwng, s ne he s cive egins
selling indusil lnd, e incesing hei lnd
ice. In his que lne, he e hswinessed ices incese by .% q--q, u
by % ced ls ye. als ll
indusil eses wihin kwng induced
new ices. Cninuing inquiies indusil
lnd in his egin ushed develes li lnd
ices.
menwhile, Besi sw nly sl l ecenge
lnd ice incese, nly .% q--q. this
elively sll incese ws becuse he lnd
ices in his e e ledy highe hn he
egins. only hee indusil eses iniiednew lnd ices duing he eviewed que.
Since Q , lnd ices in Besi hve isen
by .%.
pice inceses in Seng wee lgely diven
by w s cive indusil eses, mden
Cinde nd kIEC. Ced ls que,
ices se by .%, inly dusens
de by mden Cinde. pice inceses
ced he ls gues Q wee
u by .%, in bh eses.
ovell, ices incese he que se by
.% ve he evius que, while ice
cisn wih evius gues shwed n
incese .%.
indUstrial bUilding and rental
rates
CCIE in Bg inined hei lesing if
indusil buildings hei cuen level (i.e.
r,/sq /nh). In k Bui Indh
(Beslnd peiwi) nd kung Indusil Ese,
bh lced in kwng, enl if
indusil building ws se US./sq /
nh while if lnd is US./sq /
nh.
indUstrial maintenance cost
ovell, inennce css sd he selevel s ls que, wih he nly dusen
de by ne indusil ese in Seng e by
r. this dusen, becuse vey dee,
inined he vell vege inennce
cs s in Q . plns dusing
inennce cs if will bbly eilize
by end his ye in ne indusil ese in
kwng.
Q Q Q Q Q Q Q Q Q Q
US$/sqm
Bg tngeng kwng Besi Seng
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colliers international indonesia:
Wld tde Cene h
jln jendel Sudin kv. - j Indnesi
tel
faX
ces in cunies n cninensUnied Ses: Cnd: Lin aeic: asi pcic: EmEa:
$1.9 billion in annual revenue
2.4 billion square eet under management
Over 15,000 proessionals
Cyigh Cllies Ineninl
the inin cnined heein hs been bined suces deeed elible. While evey esnble
ef hs bee de ensue is ccucy, we cnn
gunee i. N esnsibiliy is ssued ny inc-
cucies. redes e encuged cnsul hei -
essinl dviss i cing n ny he eil
cnined in his e.
acceleing success
michel Bellmnging Diec
Wld tde Cene h jln jendel Sudin kv. - j Indnesi
tel ex
faX
Fey SlnDivisin mnge, resech
Wld tde Cene h jln jendel Sudin kv. - j Indnesi
tel ex
faX
indUstrial land prices and maintenance costs*
reginLnd pice (sq ) minennce Cs (/sq /nh)
Lwes Highes avege Lwes Highes avege
Bg US$ 50.00 US$ 174.40 US$ 112.20 US$ 0.07 US$ 0.09 US$ 0.08
tngeng US$ 60.00 US$ 174.40 US$ 113.30 US$ 0.04 US$ 0.12 US$ 0.07
kwng US$ 65.00 US$ 80.00 US$ 68.90 US$ 0.05 US$ 0.06 US$ 0.05
Besi US$ 87.20 US$ 130.00 US$ 107.80 US$ 0.06 US$ 0.07 US$ 0.06
Seng US$ 58.10 US$ 98.80 US$ 78.5 US$ 0.03 US$ 0.05 US$ 0.04
Cllies Ineninl Indnesi - resech*US = r ,
greater Jakarta indUstrial maintenance costs
Cllies Ineninl Indnesi - resech
.
.
.
.
.
..
.
.
.
.
Q Q Q Q Q Q Q Q Q Q
US$/sqm/mon
th
Bg tngeng kwng Besi Seng
oUtlook
ae hiing he l sle gues , he
indusil e will ceinly see he ye s
he hisic highes. Desie se siin in
e sles, sles civiy in he einde
he ye wuld n be slc, becuse he e
hs nicied signicn nscins such s
he -hece sles del beween ne
indusil ese in Besi nd n i cndiining
nucue jn, nd sevel slle
nscins h will invige he e les ve he hid que.
the iis is eeced in he sles ge
se develes. one ese in kwng,
exle, hs sed h hei sles u Q
hve sussed hei ge, whee %
l nscins hve been cncluded.
Liewise, ne indusil ese in Besi is vey
cnden bu hei sles ge in he uue.
key dives indusil sles wuld be siil,
i.e. he uive nd eled indusy will be
he ie ve su he indusil e.
ohe yes indusy ediced gw ve
he uue will include d indusy, cnsue
gds, hceuicls nd lgisics.
on he inves n, jnese invess will
cninue ci Indnesi, becuse heycnl huge businesses in his cuny. I is
ineesing ne ls he incesing nube
ken cnies lnning inves in
Indnesi, icully in ey businesses.
thus , kes poSCo (phng Seel nd
In Cin) nd Indnesis ku
Seel hve signed in venue geeen.
this synegy will esul in he bigges seel
ducin ln nd will igge he lns
eled he seel business ling
indusil lnd.
JAKARTA | 2Q 2011 | THE KNOWLEDGE | INDUSTRIAL ESTATE SECTOR