CBD Office: The negative impact of COVID-19 has severely affected all business sectors and triggered some downsizings, relocations and even office closures across all office buildings within the CBD area.
Retail: Despite the high number of daily COVID-19 cases in Indonesia, traffic has started to pick up at malls across Jakarta, though it has not returned to the pre-pandemic level yet.
Non-CBD Office: The pandemic has severely affected all business sectors and triggered some downsizings, relocations and even office closures across all office buildings within the Non-CBD area.
Landed Residential: Developers were keeping a conservative price growth to keep their products affordable and attractive to prospective buyers, while offering other marketing gimmicks such as provision of free administration fees.
Rental Apartment: The Condominium-for-lease sub-sector experienced occupancy decline of 0.8% QoQ, to 54.2%, due to the addition units from the newly completed condominium projects during the review quarter.
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