In the first half of 2021, the cumulative total supply in the Greater Jakarta area increased slightly by 2.65%, posting at 13,422 hectares. Bekasi and Karawang continued to account for the largest share of existing industrial land supply at 73%. Meanwhile, Bogor recorded the smallest share of existing industrial land supply only at 0.5%. 

After posting a record-high absorption of 374 hectares in 2019 – the highest amount since 2014, industrial land sales activity in the Greater Jakarta area faced a significant slowdown in the end of 2020 and the first half of 2021 due to the lockdown and economic downturn, generating 186 hectares or decreasing by 50% from the previous year’s total absorption and 87 hectares or achieving only 47% of 2020 absorption, respectively. Much of the industrial activities in 2020 and 1H-2021 were coming from the demand spillover effect from 2019 that existed prior to the outbreak.

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