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To velocity up the event of industrial areas in Indonesia, the government has provided numerous incentives both for industrial property developers and firms operating factories and warehouses in the industrial zones. Despite slowing demand in the Greater Jakarta area, the general demand for industrial property in Indonesia in 2016 is rising. The Indonesian Industrial Estates Association forecasts that only 250 hectares out of 800 hectares of matured land in Greater Jakarta space will be bought by the end of 2016. Rather, the demand for industrial property in Banten, Central Java, East Java, and outside Java is on the rise.

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Indonesia’s Industrial Property Market Indonesia’s financial slowdown in 2013 has not been without impression on the market for industrial actual property. As a outcome, the manufacturing sector lost a number of the buoyancy it had displayed, which in flip softened demand for factories and warehouses and the land they stand on.

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Thus, there has been a shift of demand from the areas of Greater Jakarta and West Java to new industrial centres which provide cheaper land costs and decrease labour prices . Most of Indonesia’s industrial land areas or ninety four{3f2e30b7ce373fba3104e5c6db51f05795439efb754b4f707436b26fa7beec87} are owned by the non-public sector. The Indonesian government, via state-owned enterprises, owns 6{3f2e30b7ce373fba3104e5c6db51f05795439efb754b4f707436b26fa7beec87}.

In Japan, for example, the government owns 85{3f2e30b7ce373fba3104e5c6db51f05795439efb754b4f707436b26fa7beec87} of the entire area of commercial land, Taiwan has ninety{3f2e30b7ce373fba3104e5c6db51f05795439efb754b4f707436b26fa7beec87}, Singapore 85{3f2e30b7ce373fba3104e5c6db51f05795439efb754b4f707436b26fa7beec87}, Malaysia 78{3f2e30b7ce373fba3104e5c6db51f05795439efb754b4f707436b26fa7beec87}, South Korea 70{3f2e30b7ce373fba3104e5c6db51f05795439efb754b4f707436b26fa7beec87}, and Thailand has 53{3f2e30b7ce373fba3104e5c6db51f05795439efb754b4f707436b26fa7beec87} underneath state possession. Going forward, the Indonesian government will develop new industrial zones away from the Greater Jakarta area and West Java to try to make sure a good distribution of wealth and improvement throughout the nation. Based on the Master Plan of the National Industrial Development 2015 — 2035, the Indonesian government has set a goal to develop 36 new industrial estates with a complete space of 50,000 hectares. Indonesia’s industrial property sector has been subject to challenges as industrial investors have hesitated and delayed their entry or growth because of higher uncertainty in the local and international economic local weather. Under the Indonesian authorities’s infrastructure drive (See Concrete Developments in Indonesia’s Infrastructure), industrial land and industrial estates have been given renewed attention and given the sector a lift.