Here’s a rundown of Indonesia’s recent industrial sales

The highest sales of over 22 hectares came from Karawang.

In the first quarter of 2023, Indonesia witnessed a total industrial land absorption of 36.91 hectares. According to Colliers, Karawang accounted for the highest sales with 22.08 hectares, followed by Bekasi with a total land absorption of 14.10 hectares. 

Notably, Karawang New Industrial City (KNIC) experienced the largest sale, as a Korean manufacturing company purchased 12.9 hectares in that area. 

Here’s more from Colliers:

In addition, Karawang International Industrial City (KIIC) reported significant sales of 6.48 hectares, comprising two transactions: a packaging company acquired 1.6 hectares and a pharmaceutical company purchased 4.88 hectares. The Suryacipta area saw a sale of 1 hectare, divided between a Chinese building materials company (6,500 sq m) and a local steel company (3,500 sq m). Another Korean company in the renewable energy sector secured 1.5 hectares of land at Artha Industrial Hill.

The Greenland International Industrial City (GIIC) area in Bekasi Regency maintained its robust sales performance, attracting companies primarily engaged in data centres. During this quarter, two data centre companies acquired a total of 11.8 hectares (across two land plots). Furthermore, Bekasi Fajar consistently recorded transactions, albeit in smaller quantities. 

A local logistics company purchased 1.5 hectares, while an automotive-related industry entity secured a land area of 3,000 sq m. Lastly, the Jababeka area in Bekasi reported relatively modest sales, with a local manufacturing company acquiring approximately 5,000 sq m of land. 

In Tangerang, land sales remained relatively small, primarily via Griya Idola, which focuses on selling industrial plots and buildings. Two transactions took place, amounting to a total land area of approximately 0.1 hectare, accompanied by buildings measuring 225 sq m and 320 sq m, respectively.

Serang, this time, only reported small land sales in two areas: KIEC and Modern Cikande. A fabrication company acquired a plot of around 5,000 sq m at KIEC, while Modern Cikande recorded a sale of 1.215 hectares to a chemical company.