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Excess supply and dwindling demand have caused commercial property prices to decline. In Q4 2016, the supply of commercial properties grew by 0.6 percent, while demand only grew by 0.39 percent. As a result, commercial property prices fell by 0.06 percent compared to the previous quarter.
Growth in the supply of commercial properties in Q4 2016 occurred across all segments, except for convention halls, which decreased by 0.12 percent. The highest growth in supply was seen in the apartment segment at 3.11 percent, followed by offices at 2.61 percent, and then hotels at 2.03 percent. Bandung recorded the highest growth in commercial property supply at 2.37 percent.
Growth in demand for commercial properties in Q4 2016 was lower than the previous quarter and also lower than the growth in supply. Almost all segments of commercial property demand recorded an increase.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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