"Occupiers and buyers alike are more selective than ever, rewarding quality and well-positioned assets across every sector."

"Following a strong second semester last year, the office market in Jakarta CBD started off the year with a rather soft performance. While enquiries continue to derive from tenants looking for better quality space, net take-up in the first three months fell from a quarter ago."

"The retail market in Jakarta got off to a slow start in 2020 after a strong rebound last year. The situation deteriorated further with COVID-19 which pushed the government to impose strict social distancing rules in Jakarta."

"2019 has been a tough period for the global economy with trade tension between US and China and recessions in some countries. "