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View all search resultsOccupancy rates for offices, shopping centers and serviced apartments have declined after the government tightened mobility restrictions in the third quarter of this year in response to a spike in virus cases.
Indonesia’s capital Jakarta entered another period of large-scale social restrictions (PSBB) on Monday with most office workers forced to once again shelter in place, but some remain unconvinced that the curbs will be able to contribute much to their protection – unless there is strict enforcement.
Property prices in various sectors are projected to decrease in the remaining months of 2020 as developers try to weather the economic slowdown caused by the COVID-19 pandemic, which has crippled most economic activity in the country.
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