Tangerang retail market going up

antarafoto-mitra10-csap-040413-bal-2Until late 2005, supply area shopping centers in Greater Jakarta (Jakarta, Bogor, Depok, Tangerang, Bekasi), about 2.98 million m2, an increase of 3.47% compared to 2004 (2.88 million m2). For the Jakarta area, supply area of ​​a shopping center in 2005 experienced growth of 70,000 m2, the addition of supply from the shopping center strata title, namely Poins, Pasar Tanah Abang Block BA and the Jakarta City Center (JCC).  For shopping centers with lease system in Jakarta has extensive additions to the opening of Pondok Indah Mall 2. While there are additions to the Bodetabek new shopping center area of 30,000 m2.

Retail space about 3.93 million sqm and no additional retail space during the quarter (May 2011).  Nonetheless, the construction progress is still continuing without delay, to ensure that the schedule is still on track. about three retail centre’s are expected to finish this year, including a sizeable retail area in Kuningan City mixed-use compound, and another two shopping arcades the size of retail, i.e. area 51 and Green Tebet Shopping arcade, which is projected to operate in the next or end quarter of 2011. Another retail Kalibata City Square. Potential supply, the expansion of existing ITC Roxy, expand one floor to facilitate electronic products. Alam Sutera Living World, released in May 2011, is the only shopping center ended the quarter. Offers a different environment, the center is designed with a skylight with a facade concept dominated by glass, which optimizes sunlight. the center offers about 70,000 square feet of retail NLA, bringing the total retail space in the Debotabek to 1.86 million square meters m. Tangerang area dominate the composition of the supply of commercial space in the future. Based on the projects in the future 2011 – 2014, will be opened several centers, including the city of Tangerang, serpong mall sumarecon II, alam sutera mall and two department stores in downtown style life: the breeze and the center bintaro lifestyle.

Its mean: Tangerang retail market going up

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