Despite limited new provide within the first nine months, wholesome demand for modern warehouses from third-party logistics and FMCG continues. Expansion from fresh food/grocery supply, chilly storage, and last-mile delivery have also supported further demand for warehousing ground area across Real Estate News Greater Jakarta. Savills Asian Cities report series for 1H 2023 covers 17 cities in 15 international locations around the region. The stories take a extra in-depth look at how selected property sectors are evolving in the current surroundings and their future prospects.

  • To stimulate the true estate market, the federal government has supplied various incentives, including tax reductions and subsidies for homebuyers.
  • Further, homebuilders have underproduced for many years, leading to a shortage of 5 million housing items nationwide, in accordance with NAR research.
  • The Edge Fair Value software lets users calculate the truthful worth of a property, while the En Bloc Calculator helps to determine the chance of a Singapore project being put up for collective sale.
  • Dubai’s annual real estate transactions crossed the milestone of half a trillion dirhams for the primary time in 2022.
  • The lease time period is 60 months with a lock-in interval and instructions a rental of Rs 175 per square foot.