COMMERCIAL COMMERCIAL PROPERTY SURVEY

Transcription

1 + COMMERCIAL COMMERCIAL PROPERTY SURVEY December In general, the monthly selling rate of commercial property in December slightly decreased except apartment rate stable. In annualy, the rent rate hotel and industrial estates increased. The monthly selling price was stable, while in annually slightly decreased except apartment was stable. The monthly occupancy rate of apartments and hotels decreased while for retails and offices increased. In annually, the occupancy rate of commercial property increased except for apartments decreased. Retails in Jabodetabek The occupancy rate slightly increased, the rental rate and stock were stable Leased Retails In December, the occupancy rate of retails in Jabodetabek (Jakarta, Bogor, Depok, Tangerang and Bekasi) slightly increased in level 0.01% to be 96.86% (m-t-m). Rent rate of retails in monthly was stable, slightly decreased from Rp.304, to Rp.304, (Graph1 ). Stock retails on December were the same as the level at October. Annually, occupancy rate of retails increased by 1.84% from 95.12% while rent rate and stock were stable Graph 1 The Development of the Occupancy Rate and The Price of the Retails Occupancy Rate (%) Rent Rate (Rp/m2/month) Methodology Commercial Property Survey is a monthly survey conducted by Bank Indonesia since March The survey has 242 property companies as panel respondent that are selected by purposive sampling method. Properties observed consists of retails/shopping centre, offices, hotel, apartment, and industrial estates in Greater Jakarta area or known as Jabodetabek stands for Jakarta-Bogor-Depok-Tangerang-Bekasi. Data collection is conducted by interviewing with respondents and utilizing companies reported data on occupancy rate, price or rent rate. Data processing mostly carried out by weighted average method applied to each property segment. Note : Selling rate is the ratio between total sold area/units and the cumulative of new stocks and existing stocks Real Sector Statistics Group 1

2 Sold Retails (strata-title) The selling rate, the selling price and stock were stable The selling rate of retails in December was stable at 95.32% (m-tm). The selling price of the retails strata-title in Jabodetabek as compare to that in the previous month was stable at Rp48,032,496 /m 2. Retails stock strata-title was stable at 1,716/m 2 as compare to that in the previous month. Offices in Jakarta Leased-office The occupancy rate, the rental rate and stock increased In the reporting periode, the average occupancy rate increased 0.23% (m-t-m) become 91.38%. The rent rate of offices in secondary area (non CBD area) increased from RP94.889/m 2 /month to RP94.893/m 2 /month, while the rent rate in Jakarta in average slightly decreased from Rp.123,535/m 2 to Rp.123,53 4/m 2 /month. It was mainly caused by the strengthening of Rupiah exchange rate (Graph 2). In December, stock position of offices in Jakarta remained the same with the previous month condition 3,946 thousand/m 2. But both in CBD and non-cbd slightly increases by additional new supply of leased offices building either in CBD i.e. Indofood Tower or in Non CBD area i.e. Beltway Office Park A and Ratu Prabu 2. Annually, the occupancy rate of offices increased by 3.46%, while the rent rate and stock of offices were stable compared to December. Graph 2 The Development of the Occupancy Rate and the Rental Price of the Offices in Jakarta Occupancy Rate (%) Rent Rate (Rp/m2/month) Strata-titled Offices The selling rate and stock in creased, while the selling price was stable In December, the average of offices selling rate (strata-titled office) in Jakarta increased 0.35% as compare to that in the previous month from 90.57% to be %. There was no changes in selling price (m -t-m) at level Rp.11,285/m 2 since early of the year. (Graph 3) In December, the stock of offices in Jakarta, slightly increased by of additional new supply from Menara Kuningan and Plaza Marein in CBD from unit to unit. Real Sector Statistics Group 2

3 Annually, the selling rate of offices increased by 0.35% from 90,57% to 90,84%. In other side, while the selling price was stable, slightly decreased as compared to the same periode last year. Graph 3 The Development of the Office Selling Rate and Selling Price In Jakarta (Rp) Selling Rate (%) Selling Price (Rp/m2) (%) Apartments in Jakarta Leased Apartment The occupancy rate decreased, while the rental rate and stock were stable In December, the occupancy rate of the leased apartment in Jakarta was decreased 0.37% to be 84.30%. It was mainly caused by the end of job period of expatriat in Jakarta. The average rental rate of the leased apartments in Jakarta were stable, slightly decreased from Rp129,788/m 2 /month to Rp129,7 87/m 2 /month. It was mainly caused by strengthening of Rupiah Exchange rate (Graph 4). In December, the amount of stock leased apartment were stable at 5,375 unit. Annually, the average of occupancy rate decreased 1.30% and rental rate of the leased apartment in Jakarta area was stable, while supply was increased at 0.09%. Graph 4 The Development of Occupancy Rate and Rental Price of the Apartment in Jakarta Occupancy Rate Rent Rate Real Sector Statistics Group 3

4 Strata-titled Apartment The selling rate price and stock increased, while the selling price was stable In December, the average selling rate of the strata -titled apartment was increased 0.04%, in result the selling rate was about 97.38%. It was mainly caused by transaction projects of the strata-titled apartment in non- CBD area. The average of selling price was stable, slightly increased from Rp7, /m 2 become Rp7, /m 2. (Graph 5). In the reporting month, the total stock of apartment strata title in Jakarta was stable slightly increased from 36,201 unit to unit. Annually, the selling rate of the apartment strata title increased 4.85%, selling price was stable while stock was increased 0.02% become /m 2. Graph 5 The Development of the Selling Rate and Selling Price of the Apartment in Jakarta Selling Rate (%) Selling Price (Rp/m2/month) Hotels in Jabotabek The occupancy rate and rental rate decreased while stock was stable In general, the occupancy rate of the three, four, and five-star hotels in Jabotabek area at December in average decreased 6.01%, from 74.28% to 69.82%. The occupancy rate of the three, four and five-star hotels decreased each by 4.06%, 4.83% and 9.91% (m-t-m). Graph 6 The Development of the Occupancy and the Room Rates Hotels in Jabotabek ( Rp ) (% ) Occupancy Rate (%) Room Rate (Rp/night). Real Sector Statistics Group 4

5 The average room rates of the three and four-star hotels were increased each by 5.02% and 0.28%, while the five-star hotels decreased 5.91%. In average hotel room rates in Jakarta decreased 2.20%, from Rp /night to Rp /night (m-t-m) (Graph 6). In the reporting month, there were not additional supplies of hotels of the three-star, four-star and five-star, so that the total stock of hotels in Jakarta area were stable at room (m -t-m). Annually, the occupancy rate of the three, four, and five-star hotels in average increased 13.60% compare to 61.46% in December (y-o-y). Meanwhile the room rate grew up by 9.47%. The total stock hotels of the three-star, four-star and five-star in average decreased 7.41%. Industrial Estates in Jabotabek The selling rate increased, the selling price, the rental rate and stock were stable. In the reporting month, the selling rate of the industrial estates in Jabodetabek was increased 1.77%, from 70.69% to 71.94%, some significant transaction which were recorded among others at KIIC (7.5 Ha) and indotaisei industrial estate (14 Ha). The selling prices of industrial estates was stable at Rp605,286/m 2 (Graph 7). In the reporting month, the development of the rental rate in the industrial estates in Jakarta was stable, slightly decreased from Rp25.136,99/m 2 to Rp25.136,99/m 2. The total stock of the industrial estates was stable at Ha. Annually, the average of the selling rate of the industrial estates grew up 1.58%, while the selling price slightly decreased, while the rental price increased 0.06% and the stock increased 0.01% respectively. Graph 7 The Development of the Selling Rate and Selling Price of the Industrial Estates in Jabotabek Selling Rate (%) Selling Price (Rp/m2) Real Sector Statistics Group 5

6 Table Development Commercial Property Survey I T E M S GROWTH DES JAN FEB MAR APR MAY JUN JUL AGS SEPT OCT NOV DES M-T-M Y-O-Y A. Retails Lease = Stock (thousand /m 2 ) = The Occupancy (%) * Gross Rent (Rp/m 2 ) (0.00) 0.00 Retails Strata Title = Stock (thousand /m 2 ) = Selling Rate (%) = Selling Price (thousand Rp/m 2 ) B. Office Strata = Stock (thousand /m 2 ) = Selling Rate (%) = Selling Price (thousand Rp/m 2 ) (0.00) Office Lease = Stock (thousand /m 2 ) = The Occupancy (%) * Gross Rent (Rp/m 2 ) (0.00) 0.00 C. Apartment Strata = Stock (thousand /m 2 ) = Selling Rate (%) = Selling Price (thousand Rp/m 2 ) Apartment Lease = Stock (number of units) = The Occupancy (%) (0.37) (1.30) * Gross Rent (Rp/m 2 ) D. Hotel Star 3, 4, 5 = Stok (number of rooms) (7.41) = The Occupancy (%) (6.01) (2.20) 9.47 E. Industrial Estatate = Stok (ha) = Selling Rate (%) = Selling Price (thousand Rp/m 2 ) (0.00) = The Occupancy (%) (0.00) 0.06 Real Sector Statistics Group 6