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domination

Jakarta Malls: Empty Spaces and Rental Rates – A Deep Dive

by Priya Shah – Business Editor July 15, 2025

written by Priya Shah – Business Editor

HereS a transformed version of the article, focusing on unique phrasing while retaining all verifiable facts:

Retail Sector Growth remains Measured, F&B Continues to Lead Occupancy

The Indonesian retail market is experiencing a period of moderate expansion, wiht projections for dwelling levels not significantly exceeding current figures. This measured approach is attributed to the country’s economic growth trajectory.In Jakarta and the surrounding Bodetabek region,retail supply saw an approximate 2 percent increase compared to 2024. Looking ahead to the end of 2025, no new malls are anticipated. Rather, developers are prioritizing the renovation and rejuvenation of existing retail spaces over the construction of new ones for the period of 2025-2028.

Food and Beverage Sector Dominates Retail Landscape

The food and beverage (F&B) sector continues to be the primary driver of retail activity. Mall owners are actively seeking out retailers and brands that can effectively draw in visitors. F&B establishments are instrumental in boosting mall occupancy rates, with many expressing enthusiasm for opening new branches. The synergy between F&B and lifestyle tenants is also seen as a key factor in enhancing occupancy levels.

Rental Rates Show Stability with Modest Increases Expected

Retail rental rates are currently stable and are projected to remain so through the end of 2025.In Jakarta, the base rental tariff stands at Rp 564,904 per square meter per month, while in the Bodetabek area, it is indeed Rp 389,589 per square meter per month.

Maintenance or service charges for retail spaces are recorded at Rp 159,444 per square meter per month in Jakarta and Rp 130,482 per square meter per month in Bodetabek.

Annual rental rate growth is anticipated to be between 1-2 percent.Mall operators are also expected to implement adjustments in line with increases in the provincial minimum wage (UMP), which coudl lead to a roughly 3 percent annual rise in operational costs.

Detailed Retail Rental Rates and Maintenance Costs by Region and Class:

Retail Rental basic Rates:

Jakarta:
Premium: Rp 1,133,062
Middle Class: IDR 807,267
Middle Class: IDR 388,511
Lower Middle Class: Rp 260,669

Bodetabek:
Middle Class: IDR 561,609
Middle Class: IDR 387,096
Lower Middle Class: Rp 293,408

Retail Maintenance Costs:

Jakarta:
Premium: Rp 240,939
Middle Class: IDR 182,714
Middle Class: IDR 145,600
Lower Middle Class: IDR 111,849

Bodetabek:
Upper Middle Class: IDR 162,215
Middle Class: IDR 136,716
Lower Middle Class: IDR 97,028

July 15, 2025 0 comments

Sport

Luka Modric Joins AC Milan: Transfer News & Details

by Alex Carter - Sports Editor July 14, 2025

written by Alex Carter - Sports Editor

AC Milan Secures Luka Modrić on a Multi-Year Deal

AC Milan has officially announced the signing of veteran midfielder Luka modrić, marking a significant acquisition for the Italian club. The 39-year-old croatian international has agreed to terms with the Rossoneri, with his contract set to run until June 30, 2026, adn includes an option for a further year’s extension through June 30, 2027.

it’s official: luka Modrić is Rossonero ❤️🖤
#WelcomeModrić pic.twitter.com/ur2atXySas

– AC Milan (@acmilan) July 14, 2025

Modrić joins AC Milan after a distinguished tenure with Real Madrid, where he spent 13 years after his arrival in 2012. during his time in the Spanish capital, Modrić amassed 597 appearances, contributing 43 goals and 97 assists. His trophy cabinet boasts an impressive 28 titles, including four La Liga championships and six UEFA Champions League crowns. His individual accolades include the prestigious 2018 Ballon d’Or, a testament to his status as one of the era’s premier midfielders, breaking the duopoly of Lionel Messi and Cristiano Ronaldo for the coveted award.

The Croatian playmaker’s departure from Real Madrid followed the expiration of his contract last June.He had a brief extension to participate in the 2025 Club World Cup,concluding his Real Madrid journey upon their elimination in the semi-finals.

Modrić’s arrival at AC Milan follows the earlier signing of Samuel Ricci from Torino,further bolstering the squad for the upcoming season.

July 14, 2025 0 comments

Business

Is this the Gambot Suzuki motorbike challenger PCX-Nmax?

by Priya Shah – Business Editor July 14, 2025

written by Priya Shah – Business Editor

Suzuki Prepares Burgman 150 to Challenge Maxi-Scooter Rivals

New Model Aims to Disrupt Dominant Honda PCX and Yamaha NMAX Market

Suzuki is gearing up to enter the competitive maxi-scooter segment, developing a new model to directly challenge the reign of Honda’s PCX and Yamaha’s NMAX. The long-rumored project, codenamed Burgman 150, signals Suzuki’s intent to capture a share of this lucrative market.

Burgman 150: A Shared Platform for Global Ambitions

The upcoming Suzuki Burgman 150 has been a topic of discussion for at least two years. Reports suggest it will share its foundational platform with the Haojue UHR150, a scooter manufactured in China. This collaboration is reminiscent of Suzuki’s previous joint venture with Haojue on the Inazuma 250 model.

A render showcasing the design of the forthcoming Suzuki Burgman 150.

If the Burgman 150 indeed utilizes the UHR150’s underpinnings, it’s expected to sport a sharp, aggressive aesthetic. The design is described as intimidating at the front and sporty towards the rear, positioning it as a compact yet potent contender in the maxi-scooter class.

Feature-Rich Offering Expected

Sources indicate the Burgman 150 will be equipped with a comprehensive suite of standard features. These are anticipated to include full LED lighting, a start-stop system (SSS), dual disc brakes with single-channel ABS, a smart key system, and a fully digital instrument panel. Ample under-seat storage is also expected.

Is this the Gambot Suzuki motorbike challenger PCX-Nmax? — Further renders offer a glimpse into the styling of the Suzuki Burgman 150.

Performance for Urban Commutes

In terms of powertrain, the Burgman 150 is projected to feature a 149cc, single-cylinder SOHC engine. This unit, equipped with fuel injection, is estimated to deliver a maximum power output of 14.4 hp at 8,500 rpm and a peak torque of 14.2 Nm at 6,500 rpm. These specifications are considered well-suited for urban riding conditions.

The Indonesian maxi-scooter market alone saw over 500,000 units of the Yamaha NMAX and Honda PCX sold in 2023, highlighting the segment’s robust demand. This figure underscores the significant opportunity Suzuki is targeting with the Burgman 150. Whether the new model can successfully challenge the established leaders remains to be seen, as all details are currently based on speculation and unofficial information.

July 14, 2025 0 comments