Property Marketing and Sales Review

300,000 250,000 200,000 Overview of Jakarta's shopping mall & CBD office market NET ABSORPTION, NEW SUPPLY AND OCCUPANCY Retail Market Overview RENTAL RATES 150,000 σ 100,000 50,000 0 -50,000 2011 2012 Net demand 2013 2014 2015 2016 2017 OCCUPANCY BY GRADE 100% 90% Occupancy 80% 70% 60% 50% 1015 2018 2019 ي 2020 2021 2022 Occupancy rate 2023 2024 2025 100% 95% 90% 85% 80% 75% 70% 65% 60% 800,000 700,000 600,000 500,000 IDR per sqm per month 400,000 300,000 200,000 100,000 Upper Middle Middle Low FY21 3Q21 2Q21 1Q21 4Q20 3Q20 2Q20 1Q20 3Q19 1Q19 3Q18 1Q18 3Q17 1Q17 CBD Office Overview RENTAL RATES 2018 3018 4018 1019 2019 3019 4019 1020 2020 3020 4020 1021 2021 3Q21 IDR per sqm per month Premium Grade A Grade B Grade C CBD Overall Grade C: 83% Grade B: 79% CBD Average: 72% Premium: 70% Grade A: 66% 500,000 400,000 300,000 200,000 100.000 0 1015 2015 3015 4015 1016 2016 3Q16 4Q16 1017 2017 3Q17 Premium 4017 1018 2018 3018 4Q18 1Q19 2019 3Q19 4Q19 1Q20 2020 3020 FY22 4020 1021 FY23 2Q21 3021 Grade A Grade B Grade C Source: 9M21 Jones Lang LaSalle Research 74 FY24 FY25 SOLIPPO PT LIPPO KARAWACI TOK

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