GREATER JAKARTA INDUSTRIAL ESTATE SEPT 2017

MARKETBEAT
0% -79% 69.1%
PRICE GROWTH DEMAND GROWTH SALES RATE
(YOY) (YOY) (Q3 2017)

ECONOMIC INDICATORS
12-months

HIGHLIGHTS GDP Growth

Q3 17

5.1%
Q3 16

5.0%
Forecast

Economic Performance Remained Positive

Bank Indonesia forecast a slight improvement in GDP, to between 5.10% - 5.20% by the Inflation Rate (YTD) 3.82% 2.79%
end of Q3 2017. The Central Bank also cut the benchmark rate (7-Day Repo Rate) to
Central Bank Rate 4.5% 5.25%
4.5% from 4.75% last quarter. On the currency side, the Rupiah remained stable at
Source: Central Statistic Bureau & Central Bank of Indonesia
IDR13,237 per US$1.00, while inflation dropped to 3.82% as of August 2017 (from
4.37% in the previous quarter). Stock market composite index Increased slightly during
the quarter, closing at 5,884.61 on September 18th.

MARKET INDICATORS
Lowest Net Quarterly Demand of the Decade Q3 17 Q3 16
12-months
Forecast
The Q3 net absorption of about 10.7 Ha is the lowest net demand in the last 10 years. It
fell significantly by 82% (QoQ) and 79% (YoY). Average demand size also fell Overall Sales Rate 69.1% 67.7%
significantly to below 2 Ha per transaction.
Net Absorption (Ha) 10.7 51.3
Due to the soft market, the FY2017 demand is expected to be on par with that of the
2016, which is the lowest net annual demand since 2010. Average Price (Rp/sm) 2,653,000 2,650,000
A Cushman & Wakefield
Research Publication Price Stagnant
Price remained stagnant. Slight changes were due to the fluctuation of IDR/USD
DATA exchange rate.
INTO
ACTION

www.cushmanwakefield.com
 GREATER JAKARTA INDUSTRIAL
ESTATE SEPT 2017
Arief Rahardjo
Director, Consulting, Indonesia
OVERALL AVG.
Indonesia Stock Exchange Building 2, 15/F CUMMULATIVE QUARTERLY YTD
Jl. Jendral Sudirman Kav. 52-53, SUBMARKET INVENTORY DEMAND DEMAND
SALES AVG. LAND PRICE NET RENT
DEMAND
Jakarta, 12190 RATE (W/D)
Tel: +62 2550 9500 (US$/SQ.FT
arief.rahardjo@cushwake.com (HA) (HA) (HA) (HA) (IDR/SQ.M) (/SQ.M) (US$/SQ.FT)
PA)
JAKARTA 1,089 942 0.0 0.0 86.47% 5,750,000 363.5 40.4 NA
TANGERANG 772 521 0.0 0.0 67.47% 2,600,000 164.4 18.2 13.4
BEKASI 4,555 3,612 5.0 91.7 79.30% 2,604,673 164.7 18.3 6.8
KARAWANG & 2,320 3.5 7.3 68.45% 1,896,898 119.9 13.3 6.7
3,389
PURWAKARTA
SERANG 2,855 1,347 2.2 20.5 47.19% 1,675,000 105.9 11.8 4.2

BOGOR 80 64 0.0 0.0 80.41% 2,000,000 126.4 14.0 2.9

GREATER JAKARTA TOTALS 12,740.3 8,806.5 10.7 119.5 69.1% 2,653,000 167.7 18.6 7.7

W/D = Warehouse/Distribution
NET ABSORPTION & LAND PRICE OVERALL SALES RATE
85%

350 3,000,000
80%
300 2,500,000
250 75%
DATA 2,000,000
INTO 200
ACTION 1,500,000 70% Historical Average = 71.6%
150
A Cushman & Wakefield 1,000,000
Research Publication 100
65%
www.cushmanwakefield.com 50 500,000
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helps clients transform the way people work, shop, and live. Our - - 60%
45,000 employees in more than 70 countries help occupiers and 2010 2011 2012 2013 2014 2015 2016 3Q2017
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Copyright 2017 Cushman & Wakefield. All rights reserved. The information contained within this report is gathered from multiple sources considered to be reliable. The information may contain errors or omissions and is presented without any warranty or representations as to its accuracy.