• Strong second quarter GDP numbers and a boost from hosting the 2018 Asian Games have come as welcome news for the Indonesian economy.

 

  • However, recent volatility in the Rupiah and somewhat surprising picks for the vice-presidential ticket ahead of the 2019 elections has reinforced the current cautious sentiment.

                                                                    

  • This sentiment continues to influence property investment and leasing activity, which remain subdued as market participants turn more risk averse.

 

  • CBRE Research retains its view that pockets of opportunity still exist and advises investors to consider these areas while closely monitoring political developments.