CBD Updates for Q2 2011 Is Available

Century 21 Ambassador’s CBD Updates 2nd quarter edition of 2011 is available for download. Find our latest updates on property market in CBD, plus our best listings for homes, apartments, and commercial properties for sale and for lease.

To download, just follow the link below:

http://www.box.net/shared/8f4ryilbiv

 

CBD Property Market Update for Q2 2011

As predicted in Q1 2011, the property market will continue to enjoy a strong growth this year due to healthy economic growth and political stability in Indonesia. This is especially true in the Central Business District of Jakarta, according to various market reports from prominent property management and consultant companies such as Jones Lang LaSalle, Coldwell Banker, and Procon.

In the commercial sector of the CBD market, the absorption rate for office space by mid-year 2011 has reached 99,000 m2, compared to just 50,000 m2 in 2010. A total absorption of 150,000 m2 of office space is expected by the end of 2011. With an occupancy level of 87%, the rental rate has also enjoyed a significant growth.

As for the residential sector, mainly condominiums in the CBD area, sales in 2011 is projected to double that of 2010. As per mid-year 2011 sales of new condominiums has reached around 3,700 units, which is almost equal to the sales of full-year 2010. Rental rate has also grew 13% compared to last year, which is mainly due to the strengthening of the IDR to the USD.

In the secondary market, Century 21 Ambassador has seen significant increase in inquiry rate for both commercial and residential market in CBD. For the commercial sector, while growing at 13% in 2011 inquiry rate to buy/ sell has tripled that of lease, compared to just double in 2010. In the residential sector, inquiry to buy/ sell grew 102% compared to 2010, while growth of inquiry to lease is almost flat at 3%.

Both the primary and secondary markets in CBD have shown great potential and momentum for many years to come. The time to invest is now. Century 21 Ambassador is here and ready to assist you.