Property Quarterly Update: Regulations on Infrastructure and Natural Resources

On 19 October 2017, Property Member Forum held Quarterly Property Business Networking at JLL office. This time, the event shared the property market update of the third quarter of 2017. Information on the development of demand and occupancy on several sectors such as CBD and non-CBD offices, condominiums, and retails space) was conveyed. Furthermore, the forum also communicated new information on the property for logistics sector. One of the updates was that currently East Jakarta becomes one of the favorite areas where logistic industries want to locate their factories, which might be the affected by the labor wages, locations (close to harbor, airport), among others.

Aside from the update shared by JLL, the event also invited Mr. Thomas W. Shreve from PT. Numada to give short overview on current conditions in infrastructure and natural resources sector in Indonesia. Mr. Shreve further explained on Government of Indonesia plans to attract more investor in the infrastructure and natural resources by simplifying some of regulations related to the those sectors.

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