Resilient Sectors in Greater Jakarta Amid the Pandemic

The pandemic has resulted in a challenging period for much of the Greater Jakarta real estate market.

- James Allan

Large-scale social restrictions led to a relatively weak net absorption of available office space and also impacted shopping mall traffic. Meanwhile, condominium demand has slowed down as the investor-buyers it mainly relies upon have remained extremely cautious due to the current uncertainty generally.

Nevertheless, some sectors have proven to be resilient amid the pandemic − specifically, modern logistics warehouses and landed residential property.