Indonesia

Some buildings have made slight corrections in their asking prices.

Find out which projects are slated to be completed soon.

The sector won’t recover until Q2 2024.

Two new malls will add 85,000sqm by year-end.

This is due to the upcoming supply of new upscale serviced apartments.

There is a palpable eagerness for retailers to open new stores.

The apartment market is set to continue its sluggish performance.

The city currently has a supply of over 225,000 apartment units.

This is a 0.8% decline from 2019 supply levels.

At least five hotels are slated to open by end-2023. 

There was one new luxury condo and two new serviced apartments.

Over 1,700 rooms will be added in 2023.

But it’s expected to do so at a slower rate.

Interactive art exhibitions are now becoming popular.

Third-party logistics remained the key growth driver.

JLL outlines three reasons why it’s attracting hefty data centre investments recently.