RESEARCH

Industrial Market Overview 2H 2023

Research Date: Monday, 25 March 2024
Industrial Market Overview 2H 2023 | KF Map – Digital Map for Property and Infrastructure in Indonesia

Annual demand fell short despite a strong land sales rebound in the second half of 2023. Data center, chemical and electronics remained as the key support sectors.

Driven by rising demand and output, the manufacturing industry sector experienced continued growth and positive momentum at the end of 2023. Overall sentiment is expected to improve as companies continue to 
grow, anticipating continuous sales expansion in 2024. 

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