Property Market Analysis: 2023 Reflection and 2024 Outlook by Cushman & Wakefield | ID

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src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/indonesia/insights/img-indonesia-market-outlook-2024-video-banner-big.jpg?rev=20a871486adb4029be7ae5f7e4a49be1" width="1176" height="521"/> <div class="card-animation-block mix_primary" style=""></div> <div class="card-animation-block mix_secondary" style=""></div> </div> <div class="card-body" style=""> <p class="card-category">Insights</p> <h1 class="card-title">Property Market Analysis</h1> </div> </div> </div> </section> <div class="container"> <div class="row"> <div class="col-lg-8" style=""> <section style=""> <div class="rich-text"> <h2>2023 Reflection and 2024 Outlook by Cushman & Wakefield</h2> <p>The world continues to face several risks and uncertainties, including China's economic slowdown, commodity price volatility, geopolitical complexities in Ukraine-Russia and Palestine-Israel, alongside climate change and the increase in global oil prices. These factors are impacting global economic growth, which is projected to remain low at 2.9% in 2023 and 2.8% in 2024.</p> <p>However, our researcher believes that Indonesia remains strong with a solid economic foundation, showing consistent 5% growth over seven consecutive quarters. The growth projection for Indonesia in 2024 is expected to reach 5.2%. On the other hand, Indonesia's inflation in September 2023 remained low at 2.28%, with a high level of consumer confidence reflected in the Consumer Confidence Index (CCI), positive growth in the Real Sales Index, and a continuous trade surplus of USD 3.42 billion in September 2023.</p> <p>Watch the recording to hear what our experts say.</p> </div> <div class="card mix_video" id=""> <div class="card-img-wrapper" aria-label="Play Video" data-toggle="modal" data-target="#_sm8WRowqa6YD7ZA3GejAsi"> <img class="d-block d-md-none card-img-top" alt="Img-Indonesia-Market-Outlook-2024-video-small-" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/indonesia/insights/img-indonesia-market-outlook-2024-video-small-.jpg?rev=2753b5d1702d4ab18932b6483d2510d3" loading="lazy" width="406" height="265" /> <img class="d-none d-md-block card-img-top" alt="Img-Indonesia-Market-Outlook-2024-video-big" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/indonesia/insights/img-indonesia-market-outlook-2024-video-big.jpg?rev=c6e81f336f2e42998421b3a8e3f67129" loading="lazy"/> <button class="btn btn-play" type="button"> <i class="fas fa-play"></i> </button> </div> <div class="card-body card-no-border" aria-label="Play Video" data-toggle="modal" data-target="#_sm8WRowqa6YD7ZA3GejAsi"> <p class="font-weight-bold"><a href="javascript: void(0);"></a></p> <p class="card-text card-description-non-clickable"></p> </div> </div>  <div class="modal vidModal fade js-modalVideo" id="_sm8WRowqa6YD7ZA3GejAsi" tabindex="-1" role="dialog" aria-labelledby="cardWithVideoModalLabel" style="display:none;" aria-hidden="true"> <div class="modal-dialog modal-xl" role="document"> <div class="modal-content"> <div class="modal-header">  <button type="button" class="close" data-dismiss="modal" aria-label="Close"> <i class="fal fa-times"><span class="sr-only">Close Modal</span></i> </button> </div> <div class="modal-body"> <div class="modal-body-video"> <img class="vidyard-player-embed js-vidyardPlayerInstance" src="https://play.vidyard.com/sm8WRowqa6YD7ZA3GejAsi.jpg" data-uuid="sm8WRowqa6YD7ZA3GejAsi" data-v="4" data-type="inline" data-aspect="landscape" data-autoplay="0" /> </div> </div> </div> </div> </div> </section> </div> <div class="col-lg-4" style=""> <section style=""> <div class="sidebar mix_wedged"> <div class="sidebar-animation-container"> <div class="sidebar-animation-block mix_primary"></div> <div class="sidebar-animation-block mix_secondary"></div> </div> <div class="sidebar-body"> <h4 class="text-uppercase">Get the report</h4> <p> <img class="card-img-top image-resizing h-auto" alt="Property-Market-Analysis-Report-Thumbnail" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/indonesia/insights/property-market-analysis-report-thumbnail.jpg?rev=be4494cbd3944d1798259427c6895059" width="294" height="275"> </p> <a href="https://cloud.comm.cushmanwakefield.com/property-market-analysis-2023-reflection-and-2024-outlook" class="btn btn-primary btn-block" target="" title="">View the report</a> </div> </div> </section> </div> </div> </div> <section class="container" style="" > <section class="container mb-5"> <h2 class='container-headline mix_align-center'>Speakers</h2> <div class="row"> <div class="col-lg-6"> <div class="card mix_person " onclick="location.href='/en/indonesia/people/handadjaja-sulaiman';"> <a href="/en/indonesia/people/handadjaja-sulaiman"> <img class="card-img-top image-resizing h-auto" alt="Handa-Sulaiman_Headshot_ID" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/singapore/people/handa-sulaiman_headshot_id.jpg?rev=4a42ae616ea8487b8f13a2e3de144de6" width="564" height="343"/> </a> <div class="card-body"> <h6 class="font-weight-bold"><a href="/en/indonesia/people/handadjaja-sulaiman">Handadjaja Sulaiman</a></h6> <p class="card-text mt-3"> <span class="font-weight-bold">Vice Chairman</span><br> <span class="font-weight-bold">Jakarta Raya, Indonesia</span><br> </p> <hr class=" d-block d-lg-none"/> <p class="font-weight-bold d-block d-lg-none"> <a href="/api/GetVCard?personId={8576EAB2-A634-499E-960C-0E892E58CB93}&vcn=HandadjajaSulaiman"><i class="far fa-id-card"></i> Download VCard</a> </p> </div> </div> </div> <div class="col-lg-6"> <div class="card mix_person " onclick="location.href='/en/indonesia/people/arief-rahardjo';"> <a href="/en/indonesia/people/arief-rahardjo"> <img class="card-img-top image-resizing h-auto" alt="Arief-Rahardjo" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/singapore/people/arief-rahardjo_headshot_id.jpg?rev=caaea3a40aa1452abf8d9e0412726097" width="564" height="343"/> </a> <div class="card-body"> <h6 class="font-weight-bold"><a href="/en/indonesia/people/arief-rahardjo">Arief Rahardjo</a></h6> <p class="card-text mt-3"> <span class="font-weight-bold">Head of Strategic Consulting - Indonesia</span><br> <span class="font-weight-bold">Jakarta Raya, Indonesia</span><br> </p> <hr class=" d-block d-lg-none"/> <p class="font-weight-bold d-block d-lg-none"> <a href="/api/GetVCard?personId={85F0564F-2F17-4E93-BAA0-478B9BDDF3EB}&vcn=AriefRahardjo"><i class="far fa-id-card"></i> Download VCard</a> </p> </div> </div> </div> </div> </section><section class="container mb-5"> <h2 class='container-headline mix_align-center'>Related Insights</h2> <div class="row"> <div class="col-lg-4"> <div class="card"> <a href="/en/philippines/news/the-return-to-pre-pandemic-vibrancy-of-the-real-estate-sector"> <div class="insight-triangle"> <img class="card-img-top image-resizing h-auto" alt="COVID-19 Real Estate Developer Sentiment Survey Second Edition" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/philippines/insights/research/covid-19-real-estate-developer-sentiment-survey-2nd-ed.jpg?rev=9fcf227bfffc424cbf4960aa50503044" width="564" height="343"/> </div> </a> <div class="card-insight-body card-body-line-after"> <h6 class="card-subtitle-alt font-weight-bold">News • Investment / Capital Markets</h6> <p class="font-weight-bold"><a href="/en/philippines/news/the-return-to-pre-pandemic-vibrancy-of-the-real-estate-sector">The return to pre-pandemic vibrancy of the real estate sector is expected to come only in the next 2 to 3 years: Cushman & Wakefield Philippines Surveys Property Developers</a></p> <div class="card-text"> <div class="rich-text">The lingering COVID-19 related anxieties cloud the short- and medium-term growth outlook </div> <span class="article-foot"><a href="/en/philippines/people/claro-cordero">Claro Cordero Jr.</a> • 23/08/2021</span> </div> </div> </div> </div> <div class="col-lg-4"> <div class="card"> <a href="/en/singapore/news/comments-on-q3-2021-ura-private-residential-property-price-index-flash-estimate"> <div class="insight-triangle"> <img class="card-img-top image-resizing h-auto" alt="singapore real estate" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/singapore/news/singapore-commentary-article-updated.jpg?rev=bc595f6311104976a9164d04e6802750" width="564" height="343"/> </div> </a> <div class="card-insight-body card-body-line-after"> <h6 class="card-subtitle-alt font-weight-bold">Insights</h6> <p class="font-weight-bold"><a href="/en/singapore/news/comments-on-q3-2021-ura-private-residential-property-price-index-flash-estimate">Comments on Q3 2021 URA Private Residential Property Price Index Flash Estimate</a></p> <div class="card-text"> <div class="rich-text"></div> <span class="article-foot"><a href="/en/singapore/people/xian-yang-wong">Xian Yang Wong</a></span> </div> </div> </div> </div> <div class="col-lg-4"> <div class="card"> <a href="/en/singapore/news/comments-on-q3-2021-ura-real-estate-statistics"> <div class="insight-triangle"> <img class="card-img-top image-resizing h-auto" alt="CommentsonQ32021URARealEstateStatistics" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/singapore/news/singapore-comment-realestate1022.jpg?rev=f7034e9ea8e849f9aa1dfe93fb433792" width="564" height="343"/> </div> </a> <div class="card-insight-body card-body-line-after"> <h6 class="card-subtitle-alt font-weight-bold">Insights</h6> <p class="font-weight-bold"><a href="/en/singapore/news/comments-on-q3-2021-ura-real-estate-statistics">Comments on Q3 2021 URA Real Estate Statistics</a></p> <div class="card-text"> <div class="rich-text"></div> <span class="article-foot"><a href="/en/singapore/people/xian-yang-wong">Xian Yang Wong</a></span> </div> </div> </div> </div> </div> </section> </section> <section class="container-fluid" style="" > <div class="hero mix_hero-prefooter js-hero"> <div class="hero-animation-container"> <div class="hero-prefooter-stripes"></div> </div> <div class="container"> <div class="row align-items-center"> <div class="col-lg-7 offset-lg-1"> <h3 class="text-uppercase">CAN'T FIND WHAT YOU'RE LOOKING FOR?</h3> <div class="rich-text">Get in touch with one of our professionals.</div> </div> <div class="col-lg-2 offset-lg-1"> <a href="/en/inquire" class="btn btn-primary" >CONTACT US</a> </div> </div> </div> </div> </section> <div class="cookiecontent">  <div id="banner_title" class="desc_text"> Your privacy matters to us </div> <div id="description_text" class="desc_text"> With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.<br /> <br /> Alternatively click on More Options and select your preferences before providing or refusing consent. 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Property Market Analysis: 2023 Reflection and 2024 Outlook by Cushman & Wakefield | ID | Cushman & Wakefield