Office space prices rise up in Jakarta

April 19, 2012 by admin | Filed under Property News.

propertyPemuteran coral restoration wins awards. Read more ... »-report.com – Office space prices rise up in Jakarta – PropertyPemuteran coral restoration wins awards. Read more ... » consulting firm Cushman & Wakefield claim average gross rentals for office space increased in Jakarta by 9.5 per cent from the previous quarter.

The limited supply of office space in the CBD has been attributed to the price rise. The rising prices will not cause a propertyPemuteran coral restoration wins awards. Read more ... » bubble claims Cushman & Wakefield’s research and advisory head, Arief Rahardjo.


“The marketBali property market. Read more ... » demand is still able to absorb the supply of propertyPemuteran coral restoration wins awards. Read more ... », thus I don’t see any bubble in the near future” he said.
Over 70 per cent of residentialBali residential project. Read more ... » estate buyers are end-user buyers, which reduces the chance of overpricing caused by an excess of demand from investorsEuropean real estate investors are likely to invest in Asia. Read more ... » according to The Jakarta Post.
The propertyPemuteran coral restoration wins awards. Read more ... » consulting firm raised concerns over the possibility of a property bubble in the condominium marketBali property market. Read more ... ».
In 2012, 20,302 new condominiums units are set to enter the marketBali property market. Read more ... », with a further 20,447 units expected in 2013, compared to the average of 8,468 units per year in the last five years.
Occupancy is expected to fall below 60 per cent over the next two years.
Yield rates of condominiums have been decreasing since 2008, currently hovering above six percent, which raises concerns over whether it will dip below the current deposit rates of five per cent in commercial banks.

This article : Office space prices rise up in Jakarta : Sources : http://www.property-report.com/office-space-prices-rise-in-jakarta-20363

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