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Over 70% of the new rooms to enter the market are from serviced apartments.

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JLL has forecast another robust year of funding in Asia Pacific real estate with Jakarta persevering with to be a spotlight for first-time buyers. Block71, a Singapore-based global network of entrepreneurial hubs set up and managed by the National University of Singapore enterprise, has lastly landed in Jakarta after partnering with distinguished conglomerate Salim Group. Colliers has launched its Asia Pacific Market Snapshot for the first quarter of 2020, detailing the impression of COVID-19 throughout all sectors of Indonesia’s property market.