Until the end of the second quarter – and 2012, a total of 3688 completed condominium units. This adds to the cumulative supply of condos to be 93 846 units, or 4.5% higher when compared with last quarter. Thus the results of research conducted by Cushman & Wakefield Indonesia.

According to Arief Rahardjo, Senior Associate Director of Research & Advisory Indonesia Cushman & Wakefield, a total of 13 new projects launched and will be completed in stages until 2015. “Thus, the cumulative total to 57 947 units of condominiums coming,” Arief said in a press release received Rumah.com.

The projects are:

Central Green (Tower Cerberra)
St Moritz (New Presidential Suite Tower)
Grand Center Point (Tower D)
U Residence (Tower 2)
Green Bay Seaview Tower L
Sherwood Residence (Tower Regent)
Scientia Residence (Tower C & D)
Providence Park Apartment
The Gianetti Apartment
One 8 Hotel
Northland Ancol Residence
SOHO @ Podomoro City
Ocea

Condominium sales price continues to rise. At the end of June 2012, the average selling price of condominiums in the CBD reached Rp 23,106,618 per m2, up 12% from the previous quarter.

Until June 2012, the sale of condominiums built in Jakarta and surrounding areas reached 95.3%, up 0.4% from a year earlier and up 0.2% over the first quarter of 2012. In addition, the occupancy rate stands at 66.2%, up 1.8% from the previous quarter.

Meanwhile, sales of pre-sales rate reached 61.6% with 22 274 units remaining unsold. The figure shows an increase of 2.7% from the previous quarter, up 2.5% from 2011 last year. Pre-sales activities of the upcoming projects is dominated by middle-class projects, or about 65.52% of total transactions.