Industrial Estates Rely on Cheap Warehouses

Summary

Better prospect awaits Industrial estate business, supported by sales of cheap factory land or warehouses measuring 500 - 2,000 square meters. PT Kawasan Industri Jababeka Tbk Hyanto Wihadhi said ready-to-use factories or warehouses are currently being offered with relatively low prices at around Rp 3 billion to Rp 8 billion (US$ 220.000 – US$ 585.000).

More affordable properties allow businesses in new industrial estates to get as many consumers as possible. Industrial Estate Association Chairman Sanny Iskandar is optimistic that sales or land transaction growth in industrial estates will reach at least 20 percent. Moreover, many investors begin to resume their business and investment contracts after the end of the 2019 General Election. After waiting on the sidelines, new investors usually try their luck by doing business on smaller-size lands.

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