Colliers | Colliers Quarterly Property Market Report H2 2022 Surabaya Industrial Estate

Gresik is ready to welcome EV related industries

Generally, industrial land sales have synergy with the level of direct investment into the manufacturing sector. We believe that higher direct investment will translate into more industrial land sales. The government’s commitment to developing EV in Indonesia is real and we are expecting a surge in demand for industrial land from the EV-related industries, particularly in the Gresik area, in the next few years.

Logistics demand remained active in 2022 with the pandemic gradually contained, and the retail sector regained some momentum alongside a strong performance from e-commerce. Going forward, with the downtrend of pandemic related cases followed by the easing of social restrictions, the performance of the warehouse sector is likely to be positive.

Colliers Quarterly Property Market Report H2 2022 Surabaya Industrial Estate

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Ferry Salanto

Senior Associate Director

Research

Jakarta

+62 21 3043 6888

+62 812 835 6660

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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