SEO Version
19
LIPPO MALLS INDONESIA RETAIL TRUST
ANNUAL REPORT 2013
SUPPLY IN JAKARTA
The total Jakarta retail supply was recorded
BU
TRN
:P:
DPNQSJTJOH
TRN PS
XJUIJO SFUBJM
DFOUSFT GPS MFBTF BOE
PS
JO TUSBUB UJUMF TQBDFT BT PG
%FD
$#% +BSLBSUB DPOUSJCVUFT UIF MBSHFTU QPSUJPO
PG TVQQMZ BU
TRN PS
PG UIF
total), followed by the South Jakarta at
/PSUI BOE 8FTU +BLBSUB
GPMMPX BU
TRN
BOE
PG TQBDF
SFTQFDUJWFMZXIJMTU $FOUSBM
and East Jakarta make up the remainder at
TRN
BOE
Since operations began at Lotte Shopping
"WFOVF JO 2
UIFSF IBT CFFO OP
additional retail mall development in the
$#% BOE UIVT GBS
OP QMBOT GPS OFX
TJ[BCMF
retail space projected to be developed in
UIF $#% VQ UP
%VSJOH
POMZ 4U .PSJU[ EFWFMPQFE
CZ UIF -JQQP (SPVQ
BOE UXP PUIFS TNBMM
TDBMF FYQBOTJPO QSPKFDUT XJUI
TRN
PG SFUBJM TQBDFT BSF FYQFDUFE UP FOUFS UIF
market. Should these proposed new retail
malls meet their completion schedule,
the total supply within Jakarta will reach
TRN CZ UIF FOE PG UIF ZFBS
DEMAND
International retailers are continuing to
foray into Indonesia market to tap the
huge and growing middle class. With
) . PQFOJOH JUT öSTU PVUMFU JO (BOEBSJB
$JUZ
#VSUPO
POF PG UIF 6, T MFBEJOH NFOT
clothing and fashion retailers also opened
JUT öSTU PVUMFU JO $FOUSBM 1BSL 6OJRMP PQFOFE
BOPUIFS PVUMFUT JO ,FMBQB (BEJOH .BMM
and Mal Taman Anggrek after the success
of its frst outlet in Lotte Shopping Avenue.
1BVM JO 1BDJöD 1MBDF
$PDP *DIJCBOZB 0MJWF
7JOF BOE ;BSB )PNF IBWF CFFO FYQBOEJOH
their footprint in Indonesia as well.
Retail malls’occupancy in Jakarta increased
:P: BOE TUPPE BU
CZ UIF FOE
PG
XIJMF PDDVQBODZ SBUF PG UIF TUSBUB
UJUMF TQBDFT JODSFBTFE TMJHIUMZ UP
considerably below that of the retail malls.
As such, the average occupancy rate of
+BLBSUB SFUBJM NBSLFU JODSFBTFE UP
OUTLOOK
The outlook for quality retail spaces is
FYQFDUFE UP SFNBJO PQUJNJTUJD JO UIF OFYU
NPOUIT "U UIF TBNF UJNF
IJHIFS
disposable income, large and growing
consumer class coupled with emerging
MJGFTUZMF USFOE PG TIPQQJOHNBMM JT FYQFDUFE
to fuel the demand for retail space.
INDONESIA’S POPULATION IS GROWING AND BECOMING MORE AFFLUENT
Monthy household
Expenditure
(IDR millions)
1
Indonesian Population,
2020 (millions)
Indonesian Population,
2012 (millions)
Elite
BOE NPSF
Afuent
6QQFS NJEEMF
23.2
Middle
Emerging middle
Aspirant
Poor
MFTT UIBO
NJMMJPO ."$T in 2020
NJMMJPO ."$T JO
4PVSDFT #PTUPO $POTVMUJOH (SPVQ 3FQPSU
.BSDI
/PUF ."$ QPQVMBUJPO JODMVEFT NJEEMF
VQQFS NJEEMF
BõVFOU BOE FMJUF DPOTVNFST
Sources: Statistics Indonesia
INDONESIA GDP GROWTH YOY %
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