Colliers Market Report 2Q 2011

8/2/2019 Colliers Market Report 2Q 2011

1/24

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.


2/24

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)


,,

,,

,,

,,

,,

,,

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


p. | colliers international

JAKARTA | 2Q 2011 | THE KNOWLEDGE | OFFICE SECTOR


3/24

cUmUlative sUpply within oUtside cbd area (sQ m)

,

,,

,,

,,

,,

Q F F F

sqm

F Lese F S- i le S le


annUal sUpply vs no of proJects within oUtside cbd area

,

,

,

,

,

,

AnnualSupply(sqm)

No.ofProject

annul Suly N. pec




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.


4/24

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.




5/24

Jakarta historical occUpancy


%

%

%

%

%

%

%

%

%

%

%

Q Q Q Q Q Q Q F

CBD ouside CBD



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


6/24

space available and committed in - within cbd area


space available and committed in - within oUtside cbd area


absorption of Under constrUction of strata-title for sale office within cbd area


, , , , , , ,

F

F

absbed peced Suly

, , , , , , ,

F

F

absbed peced Suly

, , , , , , ,

F

absbed peced Suly



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 .


7/24

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



asking rental rates, service charge and prices

absorption of Under constrUction of strata-title for sale officewithin oUtside cbd area


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.


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.


8/24

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 .



average service charges for office bUilding in Jakarta


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.


9/24

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


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

.%



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


10/24

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


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





11/24

composition of apartment for lease


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%


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


Unseviced

%

Seviced

%middle-Lw

%

middle-

Ue

%

Luxuy

%




12/24

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


Unserviced serviced

average rental rates of apartment for lease


.

.

.

.

.

Q Q

CBD Suh j Nn CBD avege




13/24

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 Huse 400 - 750 US$3,000 - US$5,000

4- 5-Bed Huse 550 - 1,000 US$3,500 - US$7,000

Cilnd



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




3-Bed Huse 300 - 500 US$2,500 - US$3,500

4- 5-Bed Huse 400 - 800 US$3,500 - US$7,000

peen


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


JAKARTA | 2Q 2011 | THE KNOWLEDGE | EXPATRIATES HOUSING AND APARTMENTS SECTOR


14/24

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




15/24

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


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





16/24

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


cUmUlative sUpply of retail spaces in different regions in Jakarta


,

,

,

,

,,

Q Q F F

sqm

Suh Cenl j Wes j Es j Nh j CBD


JAKARTA | 2Q 2011 | THE KNOWLEDGE | RETAIL SECTOR


17/24

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


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


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)




18/24

occUpancy rates of retail centres in Jakarta and debotabek


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





19/24

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





20/24

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


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


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




21/24

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

%


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


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

hectares


JAKARTA | 2Q 2011 | THE KNOWLEDGE | INDUSTRIAL ESTATE SECTOR


22/24

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


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

hectares




23/24

greater Jakarta indUstrial land prices


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




24/24

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


.

.

.

.

.

..

.

.

.

.

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.


Date post:	05-Apr-2018
Category:	Documents
Upload:	jonip9m
View:	229 times
Download:	0 times

Colliers Market Report 2Q 2011

Documents