2014 2015 2016

DESCRIPTION
I II III IV I II III IV I II III

Commercial Property Price Index 144.74 132.84 140.37 139.76 164.27 166.19 167.13 167.79 167.78 167.66 167.34
Offices 140.02 142.45 144.29 146.37 151.83 163.62 163.99 164.15 163.46 165.30 165.52
Retails 127.46 128.99 132.12 139.57 147.03 147.77 151.44 152.21 152.59 152.75 152.22
Apartments 128.32 127.96 129.00 128.86 134.53 137.80 139.14 138.88 138.06 138.38 137.56
Hotels 119.03 127.02 126.59 145.44 109.76 109.74 145.34 141.32 134.86 135.27 149.67
Industrial Estates 152.59 153.03 163.78 159.46 195.37 197.98 198.72 199.95 200.20 200.20 200.20
Convention Halls 99.81 100.03 100.16 102.87 105.13 104.96 113.45 115.39 117.43 117.81
Warehouse Complex 94.96 99.94 105.10 123.47 128.58 132.73 133.63 134.38 134.31 134.31

1 JABODEBEK (Jakarta-Bogor-Depok-Bekasi) 143.00 130.66 138.12 137.42 172.71 174.61 175.60 175.59 175.53 175.35 175.10
Offices 140.02 142.46 144.30 146.38 153.06 165.14 165.70 165.87 165.78 167.75 167.78
Offices Leased 144.92 142.95 145.05 150.35 150.50 157.17 157.51 160.23 157.34 158.14 158.53
Offices Strata-title 139.83 142.44 144.28 146.23 153.15 165.41 165.96 166.05 166.05 168.05 168.04
Retails 126.52 127.47 130.72 138.86 148.55 149.37 152.88 153.59 153.94 154.02 153.40
Retails Leased 123.34 124.74 128.78 126.19 132.39 132.59 135.37 134.79 136.36 135.86 135.07
Retails Strata-title 126.57 127.51 130.75 139.04 148.78 149.60 153.13 153.85 154.18 154.27 153.66
Apartments 127.70 126.60 127.64 127.19 135.67 137.09 138.00 136.45 135.56 135.17 133.90
Apartments Leased 115.88 147.29 157.76 172.85 167.23 192.35 207.09 205.80 200.19 190.27 188.04
Apartments Strata-title 127.70 126.59 127.63 127.16 135.66 137.06 137.96 136.41 135.53 135.15 133.87
Hotels 114.61 127.70 126.97 153.55 114.93 121.33 166.21 162.84 152.06 154.00 173.08
Industrial Estates 150.40 151.66 162.43 157.40 206.32 207.85 208.30 208.38 208.38 208.38 208.38
Convention Halls 99.81 100.03 100.16 102.87 105.13 104.96 113.45 115.39 117.43 117.81
Warehouse Complex 94.96 99.94 105.10 123.47 128.58 132.73 133.63 134.38 134.31 134.31

2 BANTEN 161.93 160.13 169.01 169.25 180.60 195.07 197.12 206.60 207.90 208.15 208.14
Retails 128.46 130.39 133.11 133.82 154.70 155.71 155.75 155.64 155.65 154.93 154.93
Retails Leased 111.14 112.73 114.55 115.17 116.08 117.67 119.19 119.34 119.70 119.97 119.99
Retails Strata-title 128.85 130.79 133.54 134.25 155.48 156.73 156.74 156.69 156.69 155.94 155.94
Apartments 146.18 147.27 148.65 150.27 174.88 185.06 186.91 189.13 187.42 189.71 189.85
Apartments Strata-title 146.18 147.27 148.65 150.27 174.88 185.06 186.91 189.13 187.42 189.71 189.85
Hotels 104.67 100.33 95.47 106.09 75.45 70.71 121.06 126.79 130.28 124.92 124.05
Industrial Estates 168.81 166.30 177.06 177.06 185.34 202.09 204.48 215.80 217.95 217.93 217.93
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
3 BANDUNG 127.92 140.08 139.17 138.40 147.38 151.04 154.98 156.20 157.06 159.00 159.52
Offices 125.19 124.41 127.96 129.43 134.45 136.89 138.09 145.28 147.88 143.71 144.10
Offices Leased 125.19 124.41 127.96 129.43 134.45 136.89 138.09 145.28 147.88 143.71 144.10
Retails 162.00 180.12 180.73 180.77 191.52 197.29 200.66 200.76 201.82 202.36 202.42
Retails Leased 129.67 141.07 142.06 143.29 147.77 155.35 156.82 158.92 159.33 159.85 159.90
Retails Strata-title 164.99 183.60 184.16 184.42 195.51 201.04 204.62 204.62 205.79 206.35 206.36
Apartments 107.59 116.57 115.74 114.63 125.78 129.60 133.68 136.18 136.91 139.85 140.87
Apartments Leased 137.26 151.33 169.65 202.27 216.96 200.40 244.98 258.85 272.47 276.48 276.94
Apartments Strata-title 107.58 116.56 115.72 114.59 125.74 129.57 133.63 136.13 136.85 139.79 140.81
Hotels 141.74 143.23 145.77 136.24 117.88 101.68 125.56 117.31 111.01 96.01 112.91

4 MAKASSAR 94.08 101.06 104.91 121.69 138.17 151.74 151.52 154.79 154.92 154.85
Offices 95.03 99.04 105.93 112.43 119.12 119.50 119.50 119.50 123.33 123.33
Offices Leased 95.03 99.04 105.93 112.43 119.12 119.50 119.50 119.50 123.33 123.33
Retails 96.86 101.16 101.98 114.88 120.64 127.77 128.05 129.22 129.22 133.63
Retails Leased 96.86 101.16 101.98 114.88 120.64 127.77 128.05 129.22 129.22 133.63
Apartments 94.65 98.88 106.48 110.00 112.41 115.88 116.53 116.95 118.02 118.29
Apartments Strata-title 94.65 98.88 106.48 110.00 112.41 115.88 116.53 116.95 118.02 118.29
Hotels 99.16 100.38 100.47 79.99 78.73 83.62 78.66 86.32 72.54 82.58
Industrial Estates 93.86 101.53 104.61 124.75 143.94 159.29 159.29 163.12 163.13 163.13
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
5 MEDAN 99.02 99.58 99.83 101.63 101.59 101.39 101.36
Offices 96.02 100.47 101.29 102.21 103.84 101.66 103.06
Offices Leased 96.02 100.47 101.29 102.21 103.84 101.66 103.06
Retails 89.24 99.77 103.84 107.14 113.88 116.66 116.67
Retails Leased 89.24 99.77 103.84 107.14 113.88 116.66 116.67
Retails Strata-title 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Apartments 94.52 100.35 102.42 102.71 101.98 100.13 99.75
Apartments Leased 94.52 100.35 102.42 102.71 101.98 100.13 99.75
Hotels 103.23 95.21 108.06 93.50 101.08 92.65 99.57
Industrial Estates 99.50 99.50 99.50 101.49 101.49 101.49 101.49

6 SEMARANG 90.51 99.97 104.23 105.34 107.05 107.24 107.90

Offices 105.53 105.68 93.48 95.35 98.53 100.97 100.91
Offices Leased 93.60 100.74 102.74 102.92 102.93 102.88 103.69
Offices Strata-title 105.80 105.80 93.24 95.16 98.43 100.92 100.85
Retails 93.36 99.83 101.21 105.60 107.41 108.33 108.27
Retails Leased 93.36 99.83 101.21 105.60 107.41 108.33 108.27
Retails Strata-title 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Apartments 95.73 99.59 100.41 104.27 101.79 104.07 105.64
Apartments Leased 95.73 99.59 100.41 104.27 101.79 104.07 105.64
Hotels 94.66 94.60 108.95 101.78 90.90 83.56 90.50
Industrial Estates 89.88 99.95 104.65 105.53 107.58 107.58 108.17

7 SURABAYA 93.95 100.01 103.72 105.58 105.47 106.07 106.84

Offices 91.98 99.41 104.24 104.43 83.67 86.76 103.86
Offices Leased 95.37 99.70 101.77 103.16 101.18 101.58 103.14
Offices Strata-title 91.78 99.40 104.34 104.48 83.01 86.28 103.88
Retails 69.93 100.07 112.77 117.72 118.48 120.59 120.55
Retails Leased 94.66 98.23 101.17 105.94 110.46 111.55 117.02
Retails Strata-title 68.86 100.12 113.03 118.00 118.67 120.80 120.64
Apartments 94.50 100.02 101.89 103.59 103.93 103.94 105.54
Apartments Leased 96.51 92.55 105.77 105.16 106.11 106.75 106.76
Apartments Strata-title 94.50 100.02 101.89 103.59 103.93 103.94 105.54
Hotels 108.55 98.19 93.25 100.01 102.46 93.35 103.27
Industrial Estates 100.00 100.00 100.00 100.00 100.00 100.00 100.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III

Growth of Commercial Property Price Index (qtq) 0.37 -8.22 5.66 -0.43 17.53 1.17 0.57 0.39 -0.01 -0.07 -0.19
g Offices (%) 0.20 1.74 1.29 1.44 3.73 7.76 0.23 0.10 -0.42 1.13 0.13
g Retails (%) 2.76 1.20 2.42 5.64 5.35 0.51 2.48 0.51 0.24 0.11 -0.34
g Apartments (%) -4.57 -0.28 0.81 -0.11 4.40 2.44 0.97 -0.19 -0.59 0.23 -0.59
g Hotels (%) 1.41 6.72 -0.35 14.90 -24.53 -0.01 32.44 -2.77 -4.57 0.30 10.65
g Industrial Estates (%) 0.77 0.29 7.03 -2.64 22.51 1.34 0.37 0.62 0.13 0.00 0.00
g Convention Halls (%) 0.22 0.13 2.71 2.19 -0.16 8.09 1.71 1.77 0.33
g Warehouse Complex (%) 5.24 5.17 17.48 4.14 3.23 0.68 0.56 -0.05 0.00

1 JABODEBEK (Jakarta-Bogor-Depok-Bekasi) 0.44 -8.63 5.71 -0.50 25.68 1.10 0.57 -0.01 -0.03 -0.10 -0.14
Offices 0.20 1.74 1.29 1.44 4.56 7.90 0.34 0.10 -0.05 1.19 0.01
Offices Leased 0.00 -1.36 1.47 3.65 0.10 4.43 0.21 1.73 -1.80 0.51 0.25
Offices Strata-title 0.21 1.87 1.29 1.35 4.73 8.01 0.34 0.05 0.00 1.20 0.00
Retails 2.95 0.75 2.55 6.22 6.98 0.55 2.36 0.46 0.23 0.05 -0.40
Retails Leased 2.92 1.13 3.24 -2.01 4.91 0.15 2.10 -0.42 1.16 -0.36 -0.58
Retails Strata-title 2.95 0.74 2.54 6.34 7.00 0.56 2.36 0.47 0.22 0.06 -0.39
Apartments -7.13 -0.86 0.83 -0.36 6.67 1.04 0.66 -1.12 -0.65 -0.29 -0.94
Apartments Leased 5.86 27.11 7.10 9.57 -3.26 15.03 7.66 -0.63 -2.72 -4.96 -1.17
Apartments Strata-title -7.13 -0.88 0.82 -0.36 6.68 1.03 0.66 -1.12 -0.64 -0.28 -0.94
Hotels 7.15 11.42 -0.57 20.94 -25.15 5.57 36.99 -2.03 -6.62 1.27 12.39
Industrial Estates 1.07 0.84 7.10 -3.10 31.08 0.74 0.22 0.04 0.00 0.00 0.00
Convention Halls 0.22 0.13 2.71 2.19 -0.16 8.09 1.71 1.77 0.33
Warehouse Complex 5.24 5.17 17.48 4.14 3.23 0.68 0.56 -0.05 0.00

2 BANTEN -0.16 -1.11 5.55 0.14 6.70 8.01 1.05 4.81 0.63 0.12 0.00
Retails 0.36 1.50 2.08 0.53 15.60 0.65 0.03 -0.07 0.00 -0.46 0.00
Retails Leased -5.72 1.44 1.61 0.54 0.80 1.36 1.29 0.13 0.30 0.23 0.02
Retails Strata-title 0.48 1.50 2.10 0.53 15.82 0.80 0.00 -0.03 0.00 -0.48 0.00
Apartments 13.20 0.74 0.94 1.09 16.37 5.82 1.00 1.19 -0.90 1.22 0.07
Apartments Strata-title 13.20 0.74 0.94 1.09 16.37 5.82 1.00 1.19 -0.90 1.22 0.07
Hotels -4.91 -4.15 -4.85 11.13 -28.88 -6.28 71.21 4.73 2.75 -4.12 -0.69
Industrial Estates -0.91 -1.49 6.47 0.00 4.67 9.04 1.18 5.54 1.00 -0.01 0.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
3 BANDUNG 1.09 9.50 -0.65 -0.55 6.48 2.48 2.61 0.78 0.55 1.23 0.33
Offices 5.05 -0.62 2.85 1.15 3.88 1.81 0.88 5.21 1.79 -2.82 0.27
Offices Leased 5.05 -0.62 2.85 1.15 3.88 1.81 0.88 5.21 1.79 -2.82 0.27
Retails 1.97 11.19 0.33 0.02 5.95 3.01 1.71 0.05 0.53 0.27 0.03
Retails Leased 2.35 8.80 0.70 0.87 3.13 5.13 0.94 1.34 0.26 0.32 0.03
Retails Strata-title 1.95 11.28 0.31 0.14 6.01 2.83 1.78 0.00 0.57 0.27 0.00
Apartments 0.75 8.35 -0.72 -0.95 9.72 3.04 3.15 1.87 0.53 2.15 0.73
Apartments Leased 6.07 10.25 12.11 19.23 7.26 -7.63 22.24 5.66 5.26 1.47 0.16
Apartments Strata-title 0.75 8.35 -0.72 -0.97 9.73 3.05 3.13 1.87 0.53 2.15 0.73
Hotels -9.64 1.05 1.77 -6.54 -13.48 -13.74 23.49 -6.58 -5.36 -13.52 17.61

4 MAKASSAR 7.42 3.81 15.99 13.54 9.82 -0.14 2.16 0.08 -0.05
Offices 4.23 6.95 6.14 5.95 0.32 0.00 0.00 3.20 0.00
Offices Leased 4.23 6.95 6.14 5.95 0.32 0.00 0.00 3.20 0.00
Retails 4.43 0.81 12.65 5.02 5.91 0.21 0.91 0.00 3.42
Retails Leased 4.43 0.81 12.65 5.02 5.91 0.21 0.91 0.00 3.42
Apartments 4.47 7.69 3.31 2.19 3.08 0.57 0.35 0.92 0.22
Apartments Strata-title 4.47 7.69 3.31 2.19 3.08 0.57 0.35 0.92 0.22
Hotels 1.23 0.09 -20.38 -1.58 6.21 -5.93 9.74 -15.97 13.85
Industrial Estates 8.18 3.02 19.26 15.38 10.66 0.00 2.41 0.00 0.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
5 MEDAN 0.57 0.25 1.80 -0.03 -0.20 -0.04
Offices 4.63 0.82 0.91 1.59 -2.10 1.38
Offices Leased 4.63 0.82 0.91 1.59 -2.10 1.38
Retails 11.79 4.08 3.18 6.29 2.44 0.01
Retails Leased 11.79 4.08 3.18 6.29 2.44 0.01
Retails Strata-title 0.00 0.00 0.00 0.00 0.00 0.00
Apartments 6.16 2.06 0.28 -0.70 -1.82 -0.37
Apartments Leased 6.16 2.06 0.28 -0.70 -1.82 -0.37
Hotels -7.77 13.50 -13.48 8.11 -8.34 7.47
Industrial Estates 0.00 0.00 2.00 0.00 0.00 0.00

6 SEMARANG 10.45 4.26 1.06 1.62 0.18 0.61

Offices 0.14 -11.54 2.00 3.34 2.47 -0.05
Offices Leased 7.63 1.99 0.17 0.01 -0.04 0.79
Offices Strata-title 0.00 -11.87 2.06 3.43 2.54 -0.07
Retails 6.93 1.39 4.33 1.72 0.85 -0.05
Retails Leased 6.93 1.39 4.33 1.72 0.85 -0.05
Retails Strata-title 0.00 0.00 0.00 0.00 0.00 0.00
Apartments 4.03 0.82 3.84 -2.38 2.24 1.51
Apartments Leased 4.03 0.82 3.84 -2.38 2.24 1.51
Hotels -0.07 15.17 -6.58 -10.70 -8.07 8.30
Industrial Estates 11.20 4.70 0.84 1.95 0.00 0.55

7 SURABAYA 6.45 3.71 1.79 -0.10 0.56 0.72

Offices 8.08 4.85 0.18 -19.88 3.69 19.71
Offices Leased 4.54 2.08 1.36 -1.91 0.39 1.54
Offices Strata-title 8.30 4.97 0.14 -20.55 3.93 20.40
Retails 43.10 12.69 4.39 0.64 1.78 -0.03
Retails Leased 3.77 2.99 4.72 4.27 0.99 4.90
Retails Strata-title 45.40 12.90 4.39 0.57 1.80 -0.13
Apartments 5.84 1.88 1.67 0.32 0.01 1.54
Apartments Leased -4.10 14.28 -0.58 0.91 0.60 0.01
Apartments Strata-title 5.84 1.87 1.67 0.32 0.01 1.54
Hotels -9.54 -5.03 7.25 2.45 -8.89 10.63
Industrial Estates 0.00 0.00 0.00 0.00 0.00 0.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III

Growth of Commercial Property Price Index (yoy) 16.82 2.26 0.92 -3.07 13.50 25.10 19.07 20.05 2.13 0.89 0.12
g Offices (%) 20.47 16.89 10.96 4.74 8.44 14.86 13.65 12.15 7.66 1.03 0.93
g Retails (%) 23.72 17.46 16.22 12.52 15.35 14.56 14.63 9.06 3.78 3.37 0.52
g Apartments (%) 14.82 5.56 -1.43 -4.17 4.84 7.69 7.86 7.78 2.63 0.42 -1.14
g Hotels (%) 12.67 17.03 15.47 23.92 -7.79 -13.60 14.82 -2.83 22.87 23.26 2.98
g Industrial Estates (%) 16.09 11.72 11.20 5.31 28.03 29.38 21.33 25.39 2.47 1.12 0.74
g Convention Halls (%) 5.32 4.93 13.27 12.17 11.70 12.24
g Warehouse Complex (%) 35.41 32.81 27.14 8.83 4.45 1.19

1 JABODEBEK (Jakarta-Bogor-Depok-Bekasi) 16.00 1.60 0.22 -3.47 20.78 33.64 27.14 27.77 1.63 0.43 -0.28
Offices 20.47 16.90 10.97 4.74 9.31 15.92 14.83 13.31 8.31 1.58 1.25
Offices Leased 49.28 27.58 20.76 3.75 3.85 9.95 8.59 6.57 4.54 0.62 0.65
Offices Strata-title 19.61 16.54 10.64 4.80 9.52 16.12 15.03 13.56 8.42 1.60 1.25
Retails 23.67 16.98 16.17 12.98 17.41 17.18 16.96 10.61 3.63 3.11 0.34
Retails Leased 9.94 7.10 10.14 5.30 7.34 6.30 5.12 6.81 2.99 2.47 -0.22
Retails Strata-title 23.93 17.16 16.27 13.09 17.54 17.32 17.11 10.65 3.63 3.12 0.35
Apartments 12.86 1.83 -4.91 -7.50 6.24 8.29 8.11 7.28 -0.08 -1.40 -2.97
Apartments Leased 13.08 42.75 50.41 57.91 44.31 30.59 31.27 19.06 19.71 -1.09 -9.20
Apartments Strata-title 12.86 1.81 -4.93 -7.52 6.23 8.27 8.09 7.27 -0.09 -1.39 -2.96
Hotels 5.63 17.06 16.29 43.56 0.28 -4.99 30.90 6.05 32.31 26.93 4.14
Industrial Estates 15.12 12.28 11.63 5.77 37.18 37.05 28.24 32.39 1.00 0.26 0.04
Convention Halls 5.32 4.93 13.27 12.17 11.70 12.24
Warehouse Complex 35.41 32.81 27.14 8.83 4.45 1.19

2 BANTEN 22.78 11.31 10.35 4.35 11.53 21.82 16.63 22.07 15.12 6.71 5.59
Retails 17.42 11.58 10.58 4.54 20.42 19.42 17.01 16.31 0.62 -0.50 -0.52
Retails Leased 1.63 -0.51 -1.85 -2.30 4.45 4.37 4.05 3.62 3.11 1.95 0.67
Retails Strata-title 17.77 11.83 10.85 4.69 20.67 19.84 17.37 16.72 0.78 -0.51 -0.51
Apartments 32.11 33.96 19.63 16.36 19.63 25.66 25.74 25.86 7.18 2.51 1.57 (%, yoy)
Apartments Strata-title 32.11 33.96 19.63 16.36 19.63 25.66 25.74 25.86 7.18 2.51 1.57
Hotels 12.47 -2.74 -9.52 -3.63 -27.92 -29.52 26.81 19.52 72.67 76.66 2.47
Industrial Estates 22.53 9.97 10.12 3.93 9.79 21.52 15.48 21.88 17.59 7.84 6.58
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
3 BANDUNG 21.85 27.82 20.26 9.37 15.21 7.83 11.36 12.85 6.57 5.27 2.93
Offices 18.47 13.78 14.46 8.61 7.40 10.03 7.92 12.24 9.99 4.98 4.35
Offices Leased 18.47 13.78 14.46 8.61 7.40 10.03 7.92 12.24 9.99 4.98 4.35
Retails 40.53 42.48 27.27 13.78 18.22 9.53 11.03 11.06 5.38 2.57 0.88
Retails Leased 25.74 31.78 21.81 13.10 13.96 10.12 10.39 10.90 7.82 2.89 1.96
Retails Strata-title 41.56 43.10 27.51 13.96 18.50 9.50 11.11 10.95 5.26 2.64 0.85
Apartments 7.34 15.48 14.23 7.34 16.90 11.17 15.50 18.80 8.85 7.91 5.38
Apartments Leased 24.53 25.56 32.93 56.31 58.07 32.43 44.40 27.97 25.59 37.96 13.04
Apartments Strata-title 7.34 15.48 14.22 7.31 16.88 11.17 15.48 18.79 8.83 7.89 5.37
Hotels 49.98 32.66 28.47 -13.15 -16.84 -29.01 -13.86 -13.90 -5.82 -5.58 -10.08

4 MAKASSAR 46.87 50.14 44.43 27.21 12.12 2.05

Offices 25.35 20.66 12.82 6.29 3.53 3.20
Offices Leased 25.35 20.66 12.82 6.29 3.53 3.20
Retails 24.55 26.31 25.56 12.48 7.11 4.58
Retails Leased 24.55 26.31 25.56 12.48 7.11 4.58
Apartments 18.77 17.19 9.45 6.31 4.99 2.08
Apartments Strata-title 18.77 17.19 9.45 6.31 4.99 2.08
Hotels -20.60 -16.70 -21.71 7.91 -7.86 -1.24
Industrial Estates 53.35 56.88 52.27 30.76 13.33 2.41
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
5 MEDAN 2.60 1.82 1.52
Offices 8.14 1.19 1.75
Offices Leased 8.14 1.19 1.75
Retails 27.61 16.93 12.35
Retails Leased 27.61 16.93 12.35
Retails Strata-title 0.00 0.00 0.00
Apartments 7.89 -0.22 -2.60
Apartments Leased 7.89 -0.22 -2.60
Hotels -2.09 -2.69 -7.86
Industrial Estates 2.00 2.00 2.00

6 SEMARANG 18.27 7.28 3.52

Offices -6.63 -4.46 7.95
Offices Leased 9.96 2.13 0.92
Offices Strata-title -6.97 -4.61 8.15
Retails 15.05 8.51 6.98
Retails Leased 15.05 8.51 6.98
Retails Strata-title 0.00 0.00 0.00
Apartments 6.33 4.50 5.21
Apartments Leased 6.33 4.50 5.21
Hotels -3.98 -11.67 -16.93
Industrial Estates 19.70 7.64 3.37

7 SURABAYA 12.26 6.06 3.01

Offices -9.03 -12.73 -0.37
Offices Leased 6.09 1.88 1.35
Offices Strata-title -9.55 -13.20 -0.44
Retails 69.43 20.50 6.90
Retails Leased 16.69 13.56 15.67
Retails Strata-title 72.35 20.66 6.73
Apartments 9.98 3.92 3.58
Apartments Leased 9.95 15.34 0.93
Apartments Strata-title 9.98 3.92 3.58
Hotels -5.61 -4.93 10.74
Industrial Estates 0.00 0.00 0.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III

Commercial Property Supply Index 102.88 102.70 102.92 103.24 103.02 103.84 104.27 105.07 105.85 106.14 106.65
Offices 110.37 111.48 111.51 111.63 115.43 115.45 115.99 117.33 119.49 122.46 125.36
Retails 110.08 109.74 110.66 111.48 109.13 112.24 112.14 112.47 112.86 113.35 114.33
Apartments 144.28 150.70 154.68 160.66 156.94 167.61 175.22 184.57 195.84 198.56 204.09
Hotels 116.20 116.20 118.37 123.25 117.50 117.61 119.53 121.00 124.51 126.94 128.90
Industrial Estates 100.48 100.47 100.47 100.47 100.19 100.46 100.46 100.66 100.66 100.66 100.66
Convention Halls 100.00 100.00 100.00 100.00 98.80 98.39 97.02 99.28 101.14 101.14
Warehouse Complex 100.00 100.00 100.00 100.00 100.00 100.00 100.80 101.00 101.00 101.00

1 JABODEBEK (Jakarta-Bogor-Depok-Bekasi) 103.75 103.27 103.44 103.77 104.06 104.63 105.24 106.17 106.99 107.33 108.04
Offices 110.49 111.70 111.73 111.97 116.96 116.96 117.51 118.89 119.96 123.19 125.46
Offices Leased 107.18 107.44 107.47 107.78 111.46 111.46 112.17 113.95 115.32 117.64 117.64
Offices Strata-title 125.84 130.79 130.79 130.79 140.69 140.69 140.69 140.69 140.69 147.36 157.34
Retails 111.18 111.18 111.41 111.41 111.41 111.41 111.41 111.96 112.06 112.86 114.45
Retails Leased 115.30 115.30 115.60 115.60 115.60 115.60 115.60 116.32 116.46 117.39 119.47
Retails Strata-title 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.37 100.37
Apartments 147.89 153.99 157.39 163.96 165.17 176.38 186.59 198.08 208.76 210.56 218.47
Apartments Leased 102.63 102.63 102.63 102.63 102.63 102.63 102.63 106.42 106.42 106.42 106.42
Apartments Strata-title 149.94 156.22 159.72 166.46 167.70 179.17 189.60 201.28 212.15 213.98 222.01
Hotels 112.13 113.46 116.17 117.22 117.22 117.22 120.68 120.68 126.76 131.18 132.83
Industrial Estates 100.75 100.75 100.75 100.75 100.75 100.75 100.75 100.75 100.75 100.75 100.75
Convention Halls 100.00 100.00 100.00 100.00 98.80 98.39 97.02 99.28 101.14 101.14
Warehouse Complex 100.00 100.00 100.00 100.00 100.00 100.00 100.80 101.00 101.00 101.00

2 BANTEN 100.87 101.16 101.45 101.62 102.55 103.52 103.65 104.61 105.50 105.85 105.85
Retails 109.39 109.39 114.98 114.98 114.98 141.04 141.04 139.84 139.84 139.84 139.84
Retails Leased 113.31 113.31 120.85 120.85 120.85 153.68 153.68 153.68 153.68 153.68 153.68
Retails Strata-title 100.00 100.00 100.00 100.00 100.00 100.00 100.00 89.88 89.88 89.88 89.88
Apartments 142.95 156.68 165.92 172.12 204.41 220.82 224.10 233.85 256.29 264.53 264.53
Apartments Strata-title 142.95 156.68 165.92 172.12 204.41 220.82 224.10 233.85 256.29 264.53 264.53
Hotels 163.81 163.81 163.81 173.35 173.35 173.35 177.19 177.19 177.19 177.19 175.40
Industrial Estates 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.68 100.68 100.68 100.68
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
3 BANDUNG 109.23 111.75 111.89 117.10 121.18 123.84 124.55 124.38 124.84 124.84 125.14
Offices 100.00 100.00 100.00 85.94 85.94 85.94 85.94 95.41 95.41 95.41 95.41
Offices Leased 100.00 100.00 100.00 85.94 85.94 85.94 85.94 95.41 95.41 95.41 95.41
Retails 102.35 102.35 102.35 110.58 110.58 110.58 110.97 110.97 110.97 110.97 110.97
Retails Leased 102.87 102.87 102.87 112.71 112.71 112.71 113.17 113.17 113.17 113.17 113.17
Retails Strata-title 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Apartments 117.73 122.32 122.32 122.32 132.37 138.51 139.78 138.91 138.91 138.91 138.91
Apartments Leased 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Apartments Strata-title 118.24 122.93 122.93 122.93 133.20 139.45 140.74 139.86 139.86 139.86 139.86
Hotels 109.75 113.79 114.69 129.29 129.29 129.29 129.29 129.29 132.07 132.07 133.89

4 MAKASSAR 99.73 100.12 100.17 100.29 100.29 100.29 100.93 100.93 100.93 101.29
Offices 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Offices Leased 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Retails 95.02 102.49 102.49 102.49 102.49 102.49 102.49 102.49 102.49 102.49
Retails Leased 95.02 102.49 102.49 102.49 102.49 102.49 102.49 102.49 102.49 102.49
Apartments 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Apartments Strata-title 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Hotels 96.13 100.90 102.97 107.56 107.56 107.56 127.44 127.44 127.44 136.49
Industrial Estates 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
5 MEDAN 98.72 100.52 100.42 100.42 100.50 100.66 100.83
Offices 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Offices Leased 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Retails 102.75 102.75 98.57 98.57 98.57 98.57 98.57
Retails Leased 100.02 100.02 99.98 99.98 99.98 99.98 99.98
Retails Strata-title 133.76 133.76 66.24 66.24 66.24 66.24 66.24
Apartments 100.00 100.00 100.00 100.00 106.34 116.23 125.10
Apartments Leased 100.00 100.00 100.00 100.00 106.34 116.23 125.10
Hotels 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Industrial Estates 98.57 100.48 100.48 100.48 100.48 100.48 100.48

6 SEMARANG 98.69 100.37 100.47 100.47 100.65 100.59 100.59

Offices 98.11 98.11 102.19 102.19 102.19 102.19 102.19
Offices Leased 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Offices Strata-title 90.68 90.68 109.32 109.32 109.32 109.32 109.32
Retails 100.00 100.00 100.00 100.00 108.57 108.57 108.57
Retails Leased 100.00 100.00 100.00 100.00 109.02 109.02 109.02
Retails Strata-title 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Apartments 94.07 95.43 105.25 105.25 111.84 102.01 102.01
Apartments Leased 94.07 95.43 105.25 105.25 111.84 102.01 102.01
Hotels 97.89 100.70 100.70 100.70 100.70 107.85 107.85
Industrial Estates 98.72 100.43 100.43 100.43 100.43 100.43 100.43

7 SURABAYA 98.34 99.79 100.83 101.23 104.40 104.40 107.28

Offices 99.65 100.12 100.12 100.12 129.03 129.03 145.38
Offices Leased 99.60 100.13 100.13 100.13 107.72 107.72 121.29
Offices Strata-title 100.00 100.00 100.00 100.00 212.03 212.03 239.06
Retails 96.55 100.79 100.79 102.39 103.49 103.49 103.49
Retails Leased 99.47 99.47 99.47 101.59 103.03 103.03 103.03
Retails Strata-title 84.88 105.04 105.04 105.04 105.04 105.04 105.04
Apartments 95.49 98.26 103.13 103.13 107.27 107.27 112.95
Apartments Leased 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Apartments Strata-title 95.41 98.23 103.18 103.18 107.39 107.39 113.15
Hotels 99.59 99.59 99.59 101.22 103.27 103.27 106.74
Industrial Estates 100.00 100.00 100.00 100.00 100.00 100.00 100.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
100
Growth of Commercial Property Supply Index
1.00 -0.17 0.21 0.31 -0.21 0.79 0.41 0.77 0.74 0.28 0.48
(qtq)
g Offices (%) 0.96 1.01 0.02 0.11 3.40 0.01 0.47 1.16 1.84 2.48 2.37
g Retails (%) 0.65 -0.31 0.83 0.74 -2.11 2.86 -0.09 0.29 0.35 0.43 0.86
g Apartments (%) 19.19 4.45 2.64 3.87 -2.32 6.80 4.54 5.34 6.11 1.39 2.79
g Hotels (%) 0.87 -0.01 1.87 4.13 -4.67 0.10 1.63 1.23 2.90 1.95 1.55
g Industrial Estates (%) 0.00 -0.01 0.00 0.00 -0.28 0.27 0.00 0.19 0.00 0.00 0.00
g Convention Halls (%) 0.00 0.00 0.00 -1.20 -0.41 -1.40 2.34 1.87 0.00
g Warehouse Complex (%) 0.00 0.00 0.00 0.00 0.00 0.80 0.19 0.00 0.00

1 JABODEBEK (Jakarta-Bogor-Depok-Bekasi) 1.30 -0.47 0.17 0.31 0.29 0.55 0.58 0.89 0.76 0.32 0.67
Offices 0.97 1.10 0.02 0.22 4.45 0.00 0.47 1.18 0.90 2.69 1.84
Offices Leased 0.16 0.24 0.03 0.29 3.41 0.00 0.64 1.58 1.20 2.01 0.00
Offices Strata-title 3.93 3.93 0.00 0.00 7.57 0.00 0.00 0.00 0.00 4.74 6.77
Retails 0.58 0.00 0.21 0.00 0.00 0.00 0.00 0.49 0.09 0.71 1.41
Retails Leased 0.74 0.00 0.26 0.00 0.00 0.00 0.00 0.62 0.12 0.80 1.77
Retails Strata-title 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.37 0.00
Apartments 21.98 4.12 2.21 4.17 0.74 6.79 5.79 6.16 5.39 0.86 3.76
Apartments Leased 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.70 0.00 0.00 0.00
Apartments Strata-title 22.62 4.19 2.24 4.22 0.75 6.84 5.82 6.16 5.40 0.86 3.75
Hotels 0.31 1.19 2.38 0.90 0.00 0.00 2.96 0.00 5.03 3.49 1.26
Industrial Estates 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Convention Halls #DIV/0! 0.00 0.00 0.00 -1.20 -0.41 -1.40 2.34 1.87 0.00
Warehouse Complex #DIV/0! 0.00 0.00 0.00 0.00 0.00 0.80 0.19 0.00 0.00

2 BANTEN 0.38 0.28 0.29 0.17 0.91 0.94 0.12 0.92 0.85 0.33 0.00
Retails 1.80 0.00 5.11 0.00 0.00 22.66 0.00 -0.85 0.00 0.00 0.00
Retails Leased 2.41 0.00 6.66 0.00 0.00 27.16 0.00 0.00 0.00 0.00 0.00
Retails Strata-title 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -10.12 0.00 0.00 0.00
Apartments 16.45 9.61 5.89 3.73 18.76 8.03 1.49 4.35 9.60 3.21 0.00
Apartments Strata-title 16.45 9.61 5.89 3.73 18.76 8.03 1.49 4.35 9.60 3.21 0.00
Hotels 2.84 0.00 0.00 5.83 0.00 0.00 2.21 0.00 0.00 0.00 -1.01
Industrial Estates 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.68 0.00 0.00 0.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
3 BANDUNG 0.17 2.31 0.12 4.66 3.49 2.20 0.57 -0.13 0.36 0.00 0.24
Offices 0.00 0.00 0.00 -14.06 0.00 0.00 0.00 11.03 0.00 0.00 0.00
Offices Leased 0.00 0.00 0.00 -14.06 0.00 0.00 0.00 11.03 0.00 0.00 0.00
Retails 0.00 0.00 0.00 8.04 0.00 0.00 0.36 0.00 0.00 0.00 0.00
Retails Leased 0.00 0.00 0.00 9.56 0.00 0.00 0.41 0.00 0.00 0.00 0.00
Retails Strata-title 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Apartments 0.00 3.89 0.00 0.00 8.22 4.64 0.92 -0.62 0.00 0.00 0.00
Apartments Leased 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Apartments Strata-title 0.00 3.97 0.00 0.00 8.35 4.69 0.93 -0.63 0.00 0.00 0.00
Hotels 1.14 3.68 0.80 12.73 0.00 0.00 0.00 0.00 2.15 0.00 1.37

4 MAKASSAR #DIV/0! 0.39 0.05 0.12 0.00 0.00 0.64 0.00 0.00 0.35
Offices #DIV/0! 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Offices Leased #DIV/0! 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Retails #DIV/0! 7.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Retails Leased #DIV/0! 7.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Apartments #DIV/0! 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Apartments Strata-title #DIV/0! 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Hotels #DIV/0! 4.97 2.04 4.46 0.00 0.00 18.48 0.00 0.00 7.10
Industrial Estates #DIV/0! 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
5 MEDAN 1.82 -0.10 0.00 0.09 0.16 0.16
Offices 0.00 0.00 0.00 0.00 0.00 0.00
Offices Leased 0.00 0.00 0.00 0.00 0.00 0.00
Retails 0.00 -4.08 0.00 0.00 0.00 0.00
Retails Leased 0.00 -0.04 0.00 0.00 0.00 0.00
Retails Strata-title 0.00 -50.48 0.00 0.00 0.00 0.00
Apartments 0.00 0.00 0.00 6.34 9.30 7.63
Apartments Leased 0.00 0.00 0.00 6.34 9.30 7.63
Hotels 0.00 0.00 0.00 0.00 0.00 0.00
Industrial Estates 1.94 0.00 0.00 0.00 0.00 0.00

6 SEMARANG 1.71 0.10 0.00 0.18 -0.06 0.00

Offices 0.00 4.15 0.00 0.00 0.00 0.00
Offices Leased 0.00 0.00 0.00 0.00 0.00 0.00
Offices Strata-title 0.00 20.54 0.00 0.00 0.00 0.00
Retails 0.00 0.00 0.00 8.57 0.00 0.00
Retails Leased 0.00 0.00 0.00 9.02 0.00 0.00
Retails Strata-title 0.00 0.00 0.00 0.00 0.00 0.00
Apartments 1.44 10.29 0.00 6.26 -8.78 0.00
Apartments Leased 1.44 10.29 0.00 6.26 -8.78 0.00
Hotels 2.87 0.00 0.00 0.00 7.10 0.00
Industrial Estates 1.73 0.00 0.00 0.00 0.00 0.00

7 SURABAYA 1.47 1.05 0.39 3.13 0.00 2.76

Offices 0.47 0.00 0.00 28.88 0.00 12.67
Offices Leased 0.54 0.00 0.00 7.58 0.00 12.60
Offices Strata-title 0.00 0.00 0.00 112.03 0.00 12.75
Retails 4.39 0.00 1.59 1.08 0.00 0.00
Retails Leased 0.00 0.00 2.13 1.42 0.00 0.00
Retails Strata-title 23.76 0.00 0.00 0.00 0.00 0.00
Apartments 2.90 4.95 0.00 4.02 0.00 5.30
Apartments Leased 0.00 0.00 0.00 0.00 0.00 0.00
Apartments Strata-title 2.96 5.04 0.00 4.08 0.00 5.37
Hotels 0.00 0.00 1.64 2.02 0.00 3.36
Industrial Estates 0.00 0.00 0.00 0.00 0.00 0.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
100
Growth of Commercial Property Supply Index
1.71 1.23 1.35 1.35 0.14 1.10 1.31 1.77 2.74 2.22 2.29
(yoy)
g Offices (%) 4.49 2.78 2.81 2.12 4.59 3.56 4.02 5.11 3.52 6.07 8.08
g Retails (%) 3.40 3.08 3.17 1.93 -0.87 2.28 1.34 0.89 3.42 0.99 1.95
g Apartments (%) 32.65 31.73 33.75 32.73 8.77 11.22 13.28 14.88 24.79 18.47 16.48
g Hotels (%) 9.87 6.17 5.22 6.98 1.11 1.22 0.98 -1.83 5.97 7.93 7.84
g Industrial Estates (%) 0.00 -0.01 -0.01 -0.01 -0.29 -0.01 -0.01 0.18 0.47 0.19 0.19
g Convention Halls (%) -1.20 -1.61 -2.98 -0.72 2.37 2.79
g Warehouse Complex (%) 0.00 0.00 0.80 1.00 1.00 1.00

1 JABODEBEK (Jakarta-Bogor-Depok-Bekasi) 2.24 1.34 1.42 1.31 0.30 1.32 1.74 2.32 2.81 2.57 2.66
Offices 4.53 2.89 2.92 2.32 5.86 4.71 5.17 6.18 2.57 5.33 6.77
Offices Leased 2.80 1.52 1.55 0.72 4.00 3.75 4.37 5.72 3.46 5.54 4.87
Offices Strata-title 11.46 7.62 7.62 8.02 11.80 7.57 7.57 7.57 0.00 4.74 11.83
Retails 4.02 4.02 3.26 0.79 0.21 0.21 0.00 0.49 0.58 1.30 2.73
Retails Leased 5.24 5.24 4.23 1.01 0.26 0.26 0.00 0.62 0.74 1.55 3.34
Retails Strata-title 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.37 0.37
Apartments 38.43 35.41 37.21 35.23 11.68 14.54 18.55 20.81 26.39 19.38 17.08
Apartments Leased 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.70 3.70 3.70 3.70
Apartments Strata-title 39.99 36.58 38.38 36.13 11.85 14.69 18.71 20.92 26.50 19.43 17.10
Hotels 7.94 5.15 5.72 4.86 4.54 3.31 3.89 2.96 8.14 11.91 10.07
Industrial Estates 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Convention Halls -1.20 -1.61 -2.98 -0.72 2.37 2.79
Warehouse Complex 0.00 0.00 0.80 1.00 1.00 1.00

2 BANTEN 0.57 0.79 1.05 1.14 1.67 2.34 2.17 2.94 2.87 2.25 2.12
Retails 1.80 1.80 7.00 7.00 5.11 28.93 22.66 21.62 21.62 -0.85 -0.85
Retails Leased 2.41 2.41 9.22 9.22 6.66 35.63 27.16 27.16 27.16 0.00 0.00
Retails Strata-title 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -10.12 -10.12 -10.12 -10.12
Apartments 23.71 31.81 39.58 40.21 43.00 40.93 35.07 35.87 25.38 19.79 18.04
Apartments Strata-title 23.71 31.81 39.58 40.21 43.00 40.93 35.07 35.87 25.38 19.79 18.04
Hotels 41.84 28.86 12.42 8.83 5.83 5.83 8.17 2.21 2.21 2.21 -1.01
Industrial Estates 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.68 0.68 0.68 0.68
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
3 BANDUNG 2.16 4.17 2.60 7.39 10.95 10.83 11.32 6.22 3.02 0.80 0.47
Offices 0.00 0.00 0.00 -14.06 -14.06 -14.06 -14.06 11.03 11.03 11.03 11.03
Offices Leased 0.00 0.00 0.00 -14.06 -14.06 -14.06 -14.06 11.03 11.03 11.03 11.03
Retails 0.00 0.00 0.00 8.04 8.04 8.04 8.42 0.36 0.36 0.36 0.00
Retails Leased 0.00 0.00 0.00 9.56 9.56 9.56 10.01 0.41 0.41 0.41 0.00
Retails Strata-title 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Apartments 4.72 7.92 3.89 3.89 12.43 13.24 14.28 13.57 4.94 0.29 -0.62
Apartments Leased 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Apartments Strata-title 4.82 8.08 3.97 3.97 12.65 13.43 14.48 13.77 5.00 0.29 -0.63
Hotels 1.14 4.86 5.69 19.15 17.81 13.63 12.73 0.00 2.15 2.15 3.55

4 MAKASSAR 0.57 0.17 0.76 0.64 0.64 0.99

Offices 0.00 0.00 0.00 0.00 0.00 0.00
Offices Leased 0.00 0.00 0.00 0.00 0.00 0.00
Retails 7.86 0.00 0.00 0.00 0.00 0.00
Retails Leased 7.86 0.00 0.00 0.00 0.00 0.00
Apartments 0.00 0.00 0.00 0.00 0.00 0.00
Apartments Strata-title 0.00 0.00 0.00 0.00 0.00 0.00
Hotels 11.89 6.60 23.76 18.48 18.48 26.90
Industrial Estates 0.00 0.00 0.00 0.00 0.00 0.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
5 MEDAN 1.80 0.14 0.41
Offices 0.00 0.00 0.00
Offices Leased 0.00 0.00 0.00
Retails -4.08 -4.08 0.00
Retails Leased -0.04 -0.04 0.00
Retails Strata-title -50.48 -50.48 0.00
Apartments 6.34 16.23 25.10
Apartments Leased 6.34 16.23 25.10
Hotels 0.00 0.00 0.00
Industrial Estates 1.94 0.00 0.00

6 SEMARANG 1.99 0.22 0.12

Offices 4.15 4.15 0.00
Offices Leased 0.00 0.00 0.00
Offices Strata-title 20.54 20.54 0.00
Retails 8.57 8.57 8.57
Retails Leased 9.02 9.02 9.02
Retails Strata-title 0.00 0.00 0.00
Apartments 18.88 6.90 -3.08
Apartments Leased 18.88 6.90 -3.08
Hotels 2.87 7.10 7.10
Industrial Estates 1.73 0.00 0.00

7 SURABAYA 6.16 4.62 6.39

Offices 29.49 28.88 45.21
Offices Leased 8.15 7.58 21.13
Offices Strata-title 112.03 112.03 139.06
Retails 7.19 2.68 2.68
Retails Leased 3.58 3.58 3.58
Retails Strata-title 23.76 0.00 0.00
Apartments 12.33 9.16 9.52
Apartments Leased 0.00 0.00 0.00
Apartments Strata-title 12.56 9.32 9.66
Hotels 3.69 3.69 7.17
Industrial Estates 0.00 0.00 0.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III

Commercial Property Demand Index 113.85 112.95 114.16 115.23 122.79 124.76 126.11 126.78 127.26 127.62 128.20
Offices 112.19 113.59 113.66 113.62 114.40 114.57 113.39 113.28 111.83 114.09 116.67
Retails 116.65 116.23 118.00 118.70 116.05 120.14 120.31 120.41 120.72 120.96 121.33
Apartments 148.14 155.11 157.20 161.48 162.98 175.84 183.04 192.48 201.32 205.70 211.93
Hotels 126.87 135.08 135.00 140.74 106.87 105.38 128.43 136.64 126.94 115.68 131.31
Industrial Estates 112.32 113.54 114.96 115.88 125.51 127.00 127.55 127.63 127.68 127.69 127.71
Convention Halls 96.89 93.28 109.83 65.31 81.71 79.12 79.57 77.16 58.33 64.12
Warehouse Complex 99.75 99.75 100.51 100.69 101.67 105.14 105.93 106.32 107.51 107.51

1 JABODEBEK (Jakarta-Bogor-Depok-Bekasi) 113.91 111.36 112.17 112.82 125.08 126.05 127.89 128.74 129.29 129.88 130.62
Offices 112.28 113.55 113.61 113.69 115.66 115.63 114.28 114.13 111.98 114.33 116.87
Offices Leased 108.78 109.09 109.13 109.23 109.20 109.00 107.31 107.16 104.60 105.88 106.11
Offices Strata-title 128.55 133.54 133.65 133.71 143.58 144.31 144.58 144.93 144.95 151.11 160.77
Retails 117.66 116.95 117.85 117.89 118.70 119.49 119.24 119.55 119.75 120.19 121.24
Retails Leased 120.28 119.10 120.14 120.07 120.46 121.02 120.39 120.78 121.00 121.53 122.93
Retails Strata-title 110.56 111.09 111.60 111.92 113.93 115.32 116.10 116.19 116.31 116.49 116.52
Apartments 151.63 158.09 157.59 161.50 170.08 184.54 193.25 204.27 214.01 219.30 227.98
Apartments Leased 113.06 112.19 112.09 112.68 108.62 117.68 113.17 114.69 111.22 112.36 113.06
Apartments Strata-title 153.37 160.08 159.52 163.49 172.56 187.07 196.11 207.39 217.42 222.81 231.61
Hotels 123.95 133.96 134.29 134.78 96.09 99.55 123.66 128.21 125.87 121.49 130.01
Industrial Estates 111.92 112.18 113.31 113.70 131.76 131.84 132.72 132.82 132.82 132.82 132.82
Convention Halls 96.89 93.28 109.83 65.31 81.71 79.12 79.57 77.16 58.33 64.12
Warehouse Complex 99.75 99.75 100.51 100.69 101.67 105.14 105.93 106.32 107.51 107.51

2 BANTEN 113.63 115.50 117.76 119.86 130.54 134.08 134.47 134.69 135.30 135.49 135.55
Retails 116.45 115.05 122.01 121.83 127.11 160.04 159.43 153.61 154.40 152.86 151.91
Retails Leased 119.87 118.56 126.82 126.57 132.41 174.30 173.33 167.53 168.43 166.47 165.26
Retails Strata-title 108.25 106.66 109.71 109.71 113.59 113.78 114.33 103.36 103.70 103.70 103.70
Apartments 142.06 156.04 166.11 172.75 207.09 220.57 228.77 238.28 248.82 252.52 254.97
Apartments Strata-title 142.06 156.04 166.11 172.75 207.09 220.57 228.77 238.28 248.82 252.52 254.97
Hotels 173.67 184.73 183.43 195.68 137.00 145.07 174.96 178.83 174.94 159.11 165.13
Industrial Estates 113.05 114.70 116.72 118.70 128.87 131.58 131.71 131.71 131.80 131.84 131.84
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
3 BANDUNG 117.75 121.74 124.35 129.45 135.88 136.94 145.46 147.78 144.35 141.17 146.53
Offices 104.45 104.62 104.96 89.73 89.37 89.43 88.74 91.07 88.50 84.74 83.70
Offices Leased 104.45 104.62 104.96 89.73 89.37 89.43 88.74 91.07 88.50 84.74 83.70
Retails 109.16 110.20 110.54 116.96 117.06 113.32 118.52 119.28 121.14 122.02 120.84
Retails Leased 108.45 109.16 109.39 117.51 116.88 112.33 117.86 118.77 120.95 121.92 120.47
Retails Strata-title 112.37 114.89 115.74 114.19 117.92 118.27 121.86 121.86 122.06 122.49 122.70
Apartments 129.10 135.48 143.61 144.09 161.04 168.77 171.19 173.39 173.88 174.57 175.42
Apartments Leased 107.20 109.70 105.65 104.52 112.85 108.65 113.98 108.12 107.87 106.34 108.63
Apartments Strata-title 129.73 136.19 144.66 145.18 162.27 170.23 172.57 174.98 175.49 176.23 177.04
Hotels 117.10 123.07 118.39 137.72 133.55 127.39 162.12 170.65 142.90 119.58 154.70

4 MAKASSAR 132.40 133.47 134.17 147.22 149.69 151.35 152.68 152.59 151.82 152.79
Offices 132.13 133.09 134.78 141.01 142.14 142.56 143.56 143.56 141.91 141.91
Offices Leased 132.13 133.09 134.78 141.01 142.14 142.56 143.56 143.56 141.91 141.91
Retails 124.22 136.59 139.19 146.89 149.99 150.36 151.54 151.73 151.73 150.65
Retails Leased 124.22 136.59 139.19 146.89 149.99 150.36 151.54 151.73 151.73 150.65
Apartments 112.70 131.32 155.99 169.49 175.17 180.01 185.35 189.06 191.29 192.96
Apartments Strata-title 112.70 131.32 155.99 169.49 175.17 180.01 185.35 189.06 191.29 192.96
Hotels 125.01 135.17 139.82 135.20 117.90 124.25 166.79 161.27 135.29 166.57
Industrial Estates 133.33 133.33 133.33 147.19 150.15 151.69 151.69 151.69 151.69 151.69
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I I III
5 MEDAN 97.68 100.62 100.87 100.90 100.84 100.79 100.93
Offices 99.78 101.64 99.89 98.69 99.44 99.03 98.93
Offices Leased 99.78 101.64 99.89 98.69 99.44 99.03 98.93
Retails 100.68 101.17 99.93 101.02 99.65 100.02 99.83
Retails Leased 97.76 98.30 101.40 102.54 101.11 101.49 101.30
Retails Strata-title 133.76 133.76 66.24 66.24 66.24 66.24 66.24
Apartments 93.35 100.32 101.89 104.45 109.54 113.85 116.97
Apartments Leased 93.35 100.32 101.89 104.45 109.54 113.85 116.97
Hotels 91.90 91.27 109.15 107.67 97.67 84.69 92.70
Industrial Estates 97.70 100.70 100.80 100.80 100.80 100.80 100.80

6 SEMARANG 95.74 101.18 101.43 101.66 101.84 101.75 102.02

Offices 99.86 98.40 100.89 101.15 101.76 101.66 101.77
Offices Leased 101.01 99.18 99.88 99.93 100.42 100.00 100.14
Offices Strata-title 95.35 95.35 104.16 105.14 106.12 107.10 107.10
Retails 99.22 99.26 100.27 101.25 103.88 104.18 103.71
Retails Leased 99.18 99.21 100.28 101.33 104.08 104.40 103.91
Retails Strata-title 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Apartments 89.21 99.30 105.05 106.44 107.72 103.92 104.22
Apartments Leased 89.21 99.30 105.05 106.44 107.72 103.92 104.22
Hotels 92.38 92.02 99.62 115.98 92.54 82.46 97.58
Industrial Estates 95.75 101.27 101.42 101.55 101.80 101.80 102.00

7 SURABAYA 97.82 99.33 100.81 102.22 103.62 103.65 105.95

Offices 95.55 99.74 101.94 102.76 116.09 119.73 124.69
Offices Leased 97.58 100.17 100.74 101.52 105.50 105.54 110.19
Offices Strata-title 80.04 96.51 111.17 112.27 157.30 174.98 181.06
Retails 96.30 100.61 99.92 103.69 103.57 103.71 103.35
Retails Leased 99.30 99.38 98.48 102.84 102.63 102.79 102.33
Retails Strata-title 84.35 104.58 104.58 106.50 106.72 106.79 106.79
Apartments 94.82 99.05 102.35 103.78 108.51 109.41 114.06
Apartments Leased 96.97 99.19 101.69 102.15 98.84 98.22 100.49
Apartments Strata-title 94.78 99.05 102.36 103.81 108.67 109.59 114.27
Hotels 97.55 86.32 104.73 111.40 98.55 87.92 106.03
Industrial Estates 100.00 100.00 100.00 100.00 100.00 100.00 100.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III

Growth of Commercial Property Demand Index

0.96 -0.80 1.08 0.93 6.57 1.60 1.08 0.53 0.38 0.28 0.46
(qtq)
g Offices (%) 0.89 1.24 0.06 -0.04 0.69 0.15 -1.03 -0.10 -1.27 2.02 2.26
g Retails (%) 1.08 -0.36 1.52 0.60 -2.23 3.52 0.14 0.08 0.26 0.19 0.31
g Apartments (%) 19.39 4.70 1.35 2.72 0.93 7.89 4.09 5.16 4.59 2.18 3.03
g Hotels (%) -7.32 6.47 -0.06 4.25 -24.06 -1.40 21.87 6.39 -7.10 -8.88 13.51
g Industrial Estates (%) 0.13 1.09 1.25 0.80 8.31 1.19 0.43 0.06 0.04 0.01 0.01
g Convention Halls (%) -3.73 17.74 -40.54 25.12 -3.17 0.58 -3.04 -24.41 9.93
g Warehouse Complex (%) 0.00 0.77 0.18 0.98 3.41 0.75 0.37 1.12 0.00

1 JABODEBEK (Jakarta-Bogor-Depok-Bekasi) 1.29 -2.23 0.73 0.57 10.87 0.78 1.46 0.66 0.43 0.45 0.57
Offices 0.93 1.13 0.05 0.07 1.74 -0.03 -1.17 -0.13 -1.89 2.10 2.22
Offices Leased 0.11 0.28 0.04 0.09 -0.03 -0.19 -1.54 -0.14 -2.39 1.22 0.21
Offices Strata-title 3.88 3.89 0.08 0.04 7.38 0.51 0.19 0.24 0.02 4.25 6.39
Retails 0.94 -0.61 0.77 0.03 0.69 0.66 -0.21 0.26 0.17 0.37 0.87
Retails Leased 1.19 -0.98 0.88 -0.06 0.32 0.47 -0.52 0.32 0.19 0.44 1.15
Retails Strata-title 0.16 0.49 0.45 0.29 1.79 1.22 0.68 0.08 0.10 0.15 0.02
Apartments 21.88 4.26 -0.32 2.48 5.31 8.50 4.72 5.70 4.77 2.47 3.96
Apartments Leased 2.67 -0.77 -0.08 0.52 -3.60 8.35 -3.84 1.34 -3.03 1.02 0.62
Apartments Strata-title 22.50 4.37 -0.35 2.49 5.55 8.41 4.83 5.75 4.83 2.48 3.95
Hotels -9.63 8.07 0.25 0.36 -28.70 3.60 24.23 3.68 -1.83 -3.47 7.01
Industrial Estates 0.23 0.23 1.01 0.34 15.89 0.06 0.66 0.08 0.00 0.00 0.00
Convention Halls #DIV/0! -3.73 17.74 -40.54 25.12 -3.17 0.58 -3.04 -24.41 9.93
Warehouse Complex #DIV/0! 0.00 0.77 0.18 0.98 3.41 0.75 0.37 1.12 0.00

2 BANTEN 0.27 1.65 1.96 1.78 8.91 2.71 0.29 0.17 0.45 0.14 0.05
Retails 2.41 -1.20 6.04 -0.15 4.34 25.91 -0.38 -3.65 0.51 -1.00 -0.62
Retails Leased 3.07 -1.09 6.97 -0.20 4.61 31.63 -0.56 -3.35 0.54 -1.17 -0.72
Retails Strata-title 0.57 -1.47 2.87 0.00 3.53 0.17 0.49 -9.60 0.33 0.00 0.00
Apartments 18.23 9.84 6.45 4.00 19.87 6.51 3.72 4.16 4.42 1.49 0.97
Apartments Strata-title 18.23 9.84 6.45 4.00 19.87 6.51 3.72 4.16 4.42 1.49 0.97
Hotels -2.35 6.37 -0.71 6.68 -29.99 5.90 20.60 2.21 -2.17 -9.05 3.78
Industrial Estates -0.06 1.46 1.77 1.70 8.57 2.10 0.10 0.00 0.06 0.03 0.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
3 BANDUNG 0.70 3.38 2.15 4.10 4.96 0.79 6.22 1.59 -2.32 -2.20 3.80
Offices -2.92 0.16 0.33 -14.51 -0.40 0.07 -0.77 2.63 -2.83 -4.25 -1.23
Offices Leased -2.92 0.16 0.33 -14.51 -0.40 0.07 -0.77 2.63 -2.83 -4.25 -1.23
Retails 0.82 0.95 0.31 5.81 0.09 -3.19 4.59 0.64 1.56 0.73 -0.96
Retails Leased 0.82 0.66 0.21 7.43 -0.54 -3.90 4.92 0.77 1.84 0.80 -1.19
Retails Strata-title 0.83 2.24 0.74 -1.33 3.26 0.30 3.03 0.00 0.17 0.35 0.17
Apartments 2.00 4.94 6.00 0.33 11.76 4.80 1.43 1.29 0.28 0.39 0.49
Apartments Leased 1.49 2.33 -3.69 -1.07 7.97 -3.72 4.91 -5.15 -0.23 -1.42 2.16
Apartments Strata-title 2.02 4.98 6.22 0.36 11.77 4.91 1.37 1.40 0.29 0.42 0.46
Hotels -2.21 5.09 -3.80 16.32 -3.03 -4.61 27.27 5.26 -16.26 -16.32 29.37

4 MAKASSAR #DIV/0! 0.81 0.53 9.72 1.68 1.11 0.88 -0.06 -0.50 0.64
Offices #DIV/0! 0.72 1.27 4.62 0.80 0.30 0.70 0.00 -1.15 0.00
Offices Leased #DIV/0! 0.72 1.27 4.62 0.80 0.30 0.70 0.00 -1.15 0.00
Retails #DIV/0! 9.96 1.90 5.53 2.11 0.25 0.78 0.12 0.00 -0.71
Retails Leased #DIV/0! 9.96 1.90 5.53 2.11 0.25 0.78 0.12 0.00 -0.71
Apartments #DIV/0! 16.52 18.79 8.66 3.35 2.76 2.97 2.00 1.18 0.87
Apartments Strata-title #DIV/0! 16.52 18.79 8.66 3.35 2.76 2.97 2.00 1.18 0.87
Hotels #DIV/0! 8.12 3.44 -3.31 -12.80 5.39 34.24 -3.31 -16.11 23.12
Industrial Estates #DIV/0! 0.00 0.00 10.39 2.01 1.02 0.00 0.00 0.00 0.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
5 MEDAN 3.01 0.25 0.03 -0.06 -0.06 0.14
Offices 1.86 -1.73 -1.20 0.76 -0.42 -0.10
Offices Leased 1.86 -1.73 -1.20 0.76 -0.42 -0.10
Retails 0.49 -1.23 1.09 -1.36 0.37 -0.18
Retails Leased 0.55 3.16 1.12 -1.40 0.38 -0.19
Retails Strata-title 0.00 -50.48 0.00 0.00 0.00 0.00
Apartments 7.47 1.57 2.52 4.87 3.94 2.74
Apartments Leased 7.47 1.57 2.52 4.87 3.94 2.74
Hotels -0.69 19.59 -1.36 -9.29 -13.29 9.46
Industrial Estates 3.07 0.10 0.00 0.00 0.00 0.00

6 SEMARANG 5.68 0.25 0.23 0.18 -0.09 0.26

Offices -1.46 2.53 0.26 0.60 -0.10 0.11
Offices Leased -1.81 0.71 0.05 0.50 -0.43 0.14
Offices Strata-title 0.00 9.24 0.94 0.93 0.92 0.00
Retails 0.04 1.02 0.98 2.59 0.29 -0.45
Retails Leased 0.04 1.08 1.04 2.72 0.31 -0.47
Retails Strata-title 0.00 0.00 0.00 0.00 0.00 0.00
Apartments 11.31 5.79 1.33 1.20 -3.53 0.28
Apartments Leased 11.31 5.79 1.33 1.20 -3.53 0.28
Hotels -0.39 8.25 16.42 -20.21 -10.89 18.33
Industrial Estates 5.76 0.15 0.13 0.25 0.00 0.20

7 SURABAYA 1.55 1.48 1.40 1.37 0.02 2.22

Offices 4.39 2.20 0.80 12.97 3.14 4.14
Offices Leased 2.65 0.57 0.77 3.92 0.04 4.41
Offices Strata-title 20.58 15.18 0.99 40.10 11.24 3.47
Retails 4.47 -0.69 3.78 -0.12 0.13 -0.34
Retails Leased 0.09 -0.91 4.43 -0.21 0.15 -0.45
Retails Strata-title 23.98 0.00 1.84 0.20 0.07 0.00
Apartments 4.46 3.34 1.39 4.56 0.83 4.25
Apartments Leased 2.28 2.52 0.46 -3.25 -0.63 2.32
Apartments Strata-title 4.50 3.35 1.41 4.68 0.85 4.27
Hotels -11.52 21.33 6.37 -11.53 -10.79 20.60
Industrial Estates 0.00 0.00 0.00 0.00 0.00 0.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III

Growth of Commercial Property Demand Index

7.43 3.08 2.27 2.17 7.85 10.45 10.46 10.02 3.64 2.29 1.66
(yoy)
g Offices (%) 4.51 3.16 3.08 2.17 1.97 0.86 -0.23 -0.30 -2.24 -0.41 2.90
g Retails (%) 6.39 3.93 4.01 2.85 -0.52 3.36 1.96 1.44 4.03 0.68 0.84
g Apartments (%) 37.30 33.36 31.35 30.14 10.01 13.37 16.44 19.19 23.52 16.98 15.78
g Hotels (%) 17.38 15.14 9.95 2.81 -15.76 -21.99 -4.86 -2.91 18.78 9.77 2.24
g Industrial Estates (%) 6.26 3.99 3.31 3.30 11.75 11.86 10.96 10.14 1.72 0.54 0.12
g Convention Halls (%) 0.00 0.00 0.00 0.00 0.00 -15.67 -15.18 -27.55 18.14 -28.62 -18.96
g Warehouse Complex (%) 0.00 0.00 0.00 0.00 0.00 1.93 5.41 5.39 5.60 5.75 2.25

1 JABODEBEK (Jakarta-Bogor-Depok-Bekasi) 7.19 1.46 0.27 0.32 9.81 13.19 14.01 14.11 3.37 3.04 2.13
Offices 4.53 3.09 3.00 2.19 3.01 1.83 0.60 0.39 -3.18 -1.13 2.27
Offices Leased 2.56 1.65 1.62 0.53 0.39 -0.08 -1.67 -1.90 -4.21 -2.86 -1.12
Offices Strata-title 12.55 8.03 7.68 8.05 11.69 8.06 8.18 8.39 0.96 4.72 11.20
Retails 7.05 3.99 3.41 1.13 0.88 2.18 1.18 1.41 0.88 0.59 1.68
Retails Leased 7.96 4.08 3.66 1.02 0.15 1.61 0.21 0.58 0.46 0.42 2.11
Retails Strata-title 4.24 3.47 2.47 1.39 3.05 3.80 4.04 3.81 2.09 1.02 0.35
Apartments 43.10 36.52 32.41 29.81 12.16 16.73 22.63 26.48 25.83 18.84 17.97
Apartments Leased 8.46 4.47 4.47 2.33 -3.93 4.90 0.96 1.78 2.39 -4.53 -0.10
Apartments Strata-title 44.59 37.65 33.26 30.57 12.51 16.86 22.94 26.86 26.00 19.11 18.10
Hotels 12.79 12.61 10.17 -1.74 -22.48 -25.69 -7.91 -4.87 30.99 22.04 5.13
Industrial Estates 5.59 2.62 1.61 1.82 17.73 17.53 17.12 16.82 0.81 0.74 0.08
Convention Halls -15.67 -15.18 -27.55 18.14 -28.62 -18.96
Warehouse Complex 1.93 5.41 5.39 5.60 5.75 2.25

2 BANTEN 7.88 5.81 6.09 5.77 14.88 16.08 14.18 12.38 3.64 1.05 0.81
Retails 2.26 0.73 5.69 7.14 9.16 39.10 30.68 26.09 21.46 -4.49 -4.72
Retails Leased 3.33 0.56 6.48 8.83 10.46 47.01 36.67 32.36 27.20 -4.49 -4.65
Retails Strata-title -0.59 0.99 2.66 1.93 4.94 6.68 4.21 -5.79 -8.70 -8.86 -9.30
Apartments 27.97 33.32 41.14 43.78 45.78 41.35 37.72 37.93 20.15 14.49 11.45
Apartments Strata-title 27.97 33.32 41.14 43.78 45.78 41.35 37.72 37.93 20.15 14.49 11.45
Hotels 48.47 42.19 20.33 10.03 -21.12 -21.47 -4.62 -8.61 27.70 9.68 -5.61
Industrial Estates 7.52 5.26 5.34 4.94 14.00 14.72 12.84 10.96 2.27 0.20 0.10
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
3 BANDUNG 9.47 9.98 7.45 10.70 15.39 12.49 16.98 14.16 6.23 3.09 0.73
Offices 2.85 -1.67 -2.01 -16.61 -14.44 -14.52 -15.45 1.50 -0.98 -5.25 -5.69
Offices Leased 2.85 -1.67 -2.01 -16.61 -14.44 -14.52 -15.45 1.50 -0.98 -5.25 -5.69
Retails 5.37 4.91 2.59 8.02 7.24 2.84 7.23 1.99 3.49 7.67 1.96
Retails Leased 5.33 4.73 2.05 9.24 7.78 2.90 7.74 1.07 3.48 8.54 2.22
Retails Strata-title 5.51 5.70 4.99 2.46 4.94 2.94 5.29 6.71 3.51 3.57 0.69
Apartments 11.43 14.18 13.99 13.85 24.74 24.57 19.20 20.34 7.97 3.44 2.47
Apartments Leased 6.44 8.81 1.98 -1.05 5.27 -0.96 7.89 3.44 -4.41 -2.12 -4.69
Apartments Strata-title 11.53 14.27 14.24 14.17 25.08 24.99 19.30 20.52 8.14 3.52 2.59
Hotels 16.87 13.62 3.18 15.00 14.04 3.51 36.94 23.91 7.01 -6.13 -4.58

4 MAKASSAR 13.06 13.40 13.79 3.65 1.42 0.95

Offices 7.57 7.12 6.51 1.81 -0.16 -0.45
Offices Leased 7.57 7.12 6.51 1.81 -0.16 -0.45
Retails 20.75 10.08 8.88 3.29 1.16 0.19
Retails Leased 20.75 10.08 8.88 3.29 1.16 0.19
Apartments 55.43 37.08 18.82 11.55 9.20 7.19
Apartments Strata-title 55.43 37.08 18.82 11.55 9.20 7.19
Hotels -5.69 -8.08 19.29 19.28 14.75 34.06
Industrial Estates 12.61 13.76 13.76 3.05 1.02 0.00
 2014 2015 2016
DESCRIPTION
I II III IV I II III IV I II III
5 MEDAN 3.24 0.17 0.06
Offices -0.34 -2.57 -0.96
Offices Leased -0.34 -2.57 -0.96
Retails -1.02 -1.14 -0.10
Retails Leased 3.43 3.25 -0.10
Retails Strata-title -50.48 -50.48 0.00
Apartments 17.34 13.49 14.81
Apartments Leased 17.34 13.49 14.81
Hotels 6.28 -7.21 -15.07
Industrial Estates 3.17 0.10 0.00

6 SEMARANG 6.38 0.57 0.58

Offices 1.90 3.31 0.87
Offices Leased -0.58 0.82 0.25
Offices Strata-title 11.30 12.33 2.82
Retails 4.69 4.96 3.44
Retails Leased 4.95 5.23 3.61
Retails Strata-title 0.00 0.00 0.00
Apartments 20.75 4.66 -0.79
Apartments Leased 20.75 4.66 -0.79
Hotels 0.17 -10.39 -2.05
Industrial Estates 6.32 0.52 0.57

7 SURABAYA 5.93 4.34 5.10

Offices 21.50 20.03 22.31
Offices Leased 8.12 5.37 9.38
Offices Strata-title 96.52 81.30 62.87
Retails 7.55 3.08 3.44
Retails Leased 3.36 3.43 3.91
Retails Strata-title 26.52 2.12 2.12
Apartments 14.44 10.46 11.44
Apartments Leased 1.92 -0.98 -1.17
Apartments Strata-title 14.65 10.65 11.63
Hotels 1.03 1.85 1.24
Industrial Estates 0.00 0.00 0.00