Industrial land sales in the Greater Jakarta metropolitan area (Jabodetabek) experienced very high growth in the second quarter of 2024, with industrial land sales transaction volume reaching 182.9 hectares, an increase of 184% compared to the previous quarter. The industrial land transferred in the first quarter of 2024 was approximately 64.41 hectares.Total land transactions recorded in the first half of 2024 amounted to 247 hectares, and are expected to continue increasing by the end of the year. The Director of Strategic Consulting at Cushman & Wakefield Indonesia revealed that this is due to active demand, especially from many foreign companies planning to build factories in Indonesia. The industry most focused on industrial land in Indonesia is the automotive industry, particularly electric vehicles. Therefore, in the second quarter of 2024, demand for industrial land grew significantly. If observed more closely, this comes from the automotive industry related to electric vehicles, which dominated approximately 70% of land transaction sales in the first half of 2024. The public can see that there is still a large amount of active demand, especially from foreign companies planning to set up factories in Indonesia.
On the other hand, he revealed that there will be no new supply of industrial land in the second quarter of 2024. He expects that by the end of the year, industrial land in Jabodetabek will increase by 150 hectares. There will indeed be no new supply in the second quarter of 2024. In fact, it will still come from the land supply of up to 60 hectares in the first quarter of 2024. It is estimated that by the end of 2024, this supply will continue to grow to around 150 hectares. This year, they estimate that this will come from the eastern corridor industrial area, whether in Bekasi, Karawang, or Subang. Some foreign investors will seek industrial land in Jabodetabek, such as the automotive, e-commerce, logistics, and data center industries. This business is still related to electric vehicles, and then there are e-commerce, data centers, and some logistics companies that are still quite active in finding industrial land locally.
Industrial land sales in the Greater Jakarta metropolitan area (Jabodetabek) experienced very high growth in the second quarter of 2024, with industrial land sales transaction volume reaching 182.9 hectares, an increase of 184% compared to the previous quarter. The industrial land transferred in the first quarter of 2024 was approximately 64.41 hectares.Total land transactions recorded in the first half of 2024 amounted to 247 hectares, and are expected to continue increasing by the end of the year. The Director of Strategic Consulting at Cushman & Wakefield Indonesia revealed that this is due to active demand, especially from many foreign companies planning to build factories in Indonesia. The industry most focused on industrial land in Indonesia is the automotive industry, particularly electric vehicles. Therefore, in the second quarter of 2024, demand for industrial land grew significantly. If observed more closely, this comes from the automotive industry related to electric vehicles, which dominated approximately 70% of land transaction sales in the first half of 2024. The public can see that there is still a large amount of active demand, especially from foreign companies planning to set up factories in Indonesia.
On the other hand, he revealed that there will be no new supply of industrial land in the second quarter of 2024. He expects that by the end of the year, industrial land in Jabodetabek will increase by 150 hectares. There will indeed be no new supply in the second quarter of 2024. In fact, it will still come from the land supply of up to 60 hectares in the first quarter of 2024. It is estimated that by the end of 2024, this supply will continue to grow to around 150 hectares. This year, they estimate that this will come from the eastern corridor industrial area, whether in Bekasi, Karawang, or Subang. Some foreign investors will seek industrial land in Jabodetabek, such as the automotive, e-commerce, logistics, and data center industries. This business is still related to electric vehicles, and then there are e-commerce, data centers, and some logistics companies that are still quite active in finding industrial land locally.