TEMPO.CO, Jakarta – Property consultant Colliers International said the rental price office in Jakarta in the third quarter of this year declined. “The decline is predicted to occur until the end of this year,” said Senior Associate Director of Colliers International Indonesia Ferry Salanto through a press release on Tuesday, November 1, 2016.
In the business center, office rental prices dropped 3.6 percent previous quarter to USD 333 736 per square meter per month. Meanwhile, in a rural area such as Jalan T.B. Simatupang, rental prices decline in rental rates in the same period was 4.8 per cent.
According to Ferry, the decline in rental rates was due to the large supply of office. For, although no new office was inaugurated in the third quarter, the market has been anticipating additional supply of some of the buildings which will be inaugurated operations in the fourth quarter. “There will be an additional supply of office area of 350 919 square meters at the end of this year,” he said.
With additional supply, Ferry account the occupancy rate of offices in the business district of Jakarta will drop from 84.6 percent to 83.4 percent at the end of the year.
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this condition, according to Ferry, will benefit tenants. In addition to the rental rates go down, more and more offices choice. “The current market situation makes the tenant can move into building a new office building with the number of rental costs the same or even less,” he said.
Executive Director of Indonesia Property Watch Ali Tranghanda estimate the property sector in the country will soon rise , Because, before the downward trend has been visible since 2014. “The property cycle was at the lowest point so that the possible rise would be greater,” he said.
According to Ali Tranghanda, now what is needed is to increase efforts optimism property sector. He appreciated the government policies that have been pouring various stimulus to the property sector, including lower interest rates and simplify the permit.
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