The total cumulative supply for both serviced and purpose-built rental apartments in the second half of 2021 decreased slightly by 0.7% (yoy) to 8,919 units with a conversion of one non-serviced apartment into a hotel accommodation. For the serviced rental apartments, 67% of the supply remained in the CBD area with 63% of such units located in South Jakarta.
While, for the non-serviced, purpose-built rental apartments, 61% of the supply were in the Non-CBD area and 74% of the supply were located in South Jakarta.
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