The latest market insight about all property market sectors, including office building, retail, and industrial space
As this country is expected to hit economic growth of 5.2% this year, market sentiment remains positive. As the market has normally run, demand for office space is projected to remain moderate with positive absorption for the rest of this year. Some new supplies are slated to complete and might bring pressure on the occupancy rate, especially in the OCBD. In parallel, CBD market is expected to increase due to the absence of new office supply.
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Welcoming the New Normal :
The continuation of COVID-19 Pandemic situation has led Indonesia to adjust their lifestyle as well as how-to-do business in property market as they are urged to modify their strategy in order to adapt to the new normal situation.
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