Commentary
Indonesia Real Estate Market Outlook 2023
Stepping forward with caution
January 27, 2023
2022: Improved pandemic situation with the logistics and landed housing remain resilient
The Indonesian government gradually relaxed social restrictions since the beginning of 2022, which resulted in more robust economic growth.
Office occupiers from various industries generally resumed their real estate plans cautiously in Jakarta, with cost saving and flight to quality remaining the main theme.
Prime malls in strategic locations also have enjoyed healthy foot traffic, while condominium buyers still doing wait-and-see.
Continuing the trend from the early pandemic, logistics and landed houses have proven resilient during 2022.
2023: Stepping forward with caution
We will discuss further about "Indonesia Real Estate Market Outlook 2023" on our upcoming webinar, see here for more details.
