Just before Covid-19 took hold, the average number of housing units sold in Greater Jakarta rose 28.9 units per month per estate in the second semester of 2019, according to data from Cushman. Photo: SCMP Handout Just before Covid-19 took hold, the average number of housing units sold in Greater Jakarta rose 28.9 units per month per estate in the second semester of 2019, according to data from Cushman. Photo: SCMP Handout
Just before Covid-19 took hold, the average number of housing units sold in Greater Jakarta rose 28.9 units per month per estate in the second semester of 2019, according to data from Cushman. Photo: SCMP Handout

Coronavirus threatens to derail Indonesia’s housing market recovery, with sales of flats down almost a third

  • Sales of high-rise flats are likely to have dropped by 30 per cent in the first quarter, according to property consultancy Cushman & Wakefield
  • The market had been recovering from a slump after political turmoil in the wake of last May’s disputed presidential election

Topic |   Coronavirus pandemic
Just before Covid-19 took hold, the average number of housing units sold in Greater Jakarta rose 28.9 units per month per estate in the second semester of 2019, according to data from Cushman. Photo: SCMP Handout Just before Covid-19 took hold, the average number of housing units sold in Greater Jakarta rose 28.9 units per month per estate in the second semester of 2019, according to data from Cushman. Photo: SCMP Handout
Just before Covid-19 took hold, the average number of housing units sold in Greater Jakarta rose 28.9 units per month per estate in the second semester of 2019, according to data from Cushman. Photo: SCMP Handout
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