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Colliers Quarterly Property Market Report Q3 2022 Jakarta Apartment

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The Apartment market not out of the woods yet

Market optimism abounded in the early 2022, especially with more business activities opening up, but challenges in the property market remain. Several key factors are still impacting the market, these mainly being geopolitical instability, supply chain disruptions and the threat of higher inflation impacting the cost of living. With the current economic headwinds taking a toll on the property sector, overall growth will be limited this year, thus we expect apartment sales to remain at around the same level as in 2021.

Given subdued demand, developers will continue to provide attractive and innovative promotion and payment schemes, as well as highlighting the amenities that will differentiate their projects from other developments.


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Colliers Quarterly Property Market Report Q3 2022 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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