Jakarta property business increase sharply

REPUBLIKA.CO.ID, JAKARTA – Jakarta property business increases significantly in 2012 according to the research from Colliers International. The increasing is seen from property rent in several sectors, such as office, apartment, retail, and industry.

“Rent has increased unexpectedly in 2012,” the Director Office Service Colliers International, Bagus Adikusumo, said on Monday.

The increasing rates of property rent are caused by some factors, namely stable safety rate, over-all drop rate or stable quality, little supply or building, and the tendency of foreigners to invest in Indonesia. “The increasing is mainly caused by the big market in Indonesia, especially in Jakarta,” the Managing Director Colliers International, Mike Broomell.

He added, Indonesian market was big because it had broad area and big population. Thus, local or foreign investors are potential to invest on property sectors in Indonesia, especially in Jakarta.

The potency of office sector has increased sharply and significantly from 2011 to 2012. It is seen from the increasing of occupancy rental rate in central business district (CBD) and non-CBD in 94.5 percent. “Office business will be more prospective until 2013. In 2014-2015, it will be stable,” Adikusumo said.

The number of apartment also increases 4.31 percent this year. With the additional of 4,237 units of apartment in Jakarta, the total number is 101,776 units.

While in retail sector, the development is not fast. In 2012, the retail building increases 81 percent with the total of 247,456 m2.

Industrial sector has better rate development than the others. The increasing of rental rate on 2011 to 2012 is 10 percent, especially in Karawang and Bekasi. The rate in Bekasi increases from 150.33 USD/m2 to 164.75 USD/m2, while in Karawang it increases from 108.22 USD/m2 becomes 116.98 USD/m2.