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View all search resultsJakartans have long been predicting the demise of many of the city’s aging shopping malls, but a select few are working to defy their bleak prognoses and take out a new lease on life, despite today’s harsh brick-and-mortar retail realities.
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.
A property consultant has projected a downward trend in the overall occupancy rate of Jakarta’s retail spaces in the coming years and, as such, is suggesting that landlords and retailers improve accessibility and target millennials by developing leisure spaces.
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