# Developers favour asset upgrades over new malls in Jakarta

- **Source:** Real Estate Asia
- **Published:** 2026-07-30T22:45:01.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-retail/news/developers-favour-asset-upgrades-over-new-malls-in-jakarta
- **Topics:** Commercial & Industrial, Regional Markets

## Featured rationale

Measured supply and lower-risk asset enhancement may favour established malls, while neighbourhood centres could benefit from residential demand for convenience, services and community experiences.

## AI summary

Jakarta retail development in Q2 2026 centred on mall extensions, asset repositioning and mixed-use integration, with limited construction of new standalone shopping centres.

## Original article

New retail supply remained limited in Q2.

Jakarta's retail market is entering a more mature phase, with developers increasingly prioritising the evolution of existing retail assets over the construction of new shopping malls, according to Colliers.

In its Q2 2026 market report, Colliers said new retail supply remained limited during the quarter, with activity largely centred on mall extensions, asset repositioning and the integration of retail into mixed-use developments rather than standalone projects.

The property consultancy said developers are adopting a more disciplined strategy in response to changing consumer behaviour, higher development costs and the need to maximise the long-term performance of established assets.

Colliers noted that extending successful malls allows owners to refresh tenant mixes, introduce new experiential concepts and respond to evolving consumer demand while reducing development risk compared with building entirely new shopping centres.

Neighbourhood retail centres are also becoming a more prominent part of Jakarta's retail landscape, supported by growing residential catchments and demand for convenience, food and beverage, daily services and community-focused experiences.

Looking ahead, Colliers expects retail supply to remain measured, with future growth focused on selective expansion, asset enhancement and repositioning. The consultancy said developers that modernise existing assets and strengthen retail ecosystems are likely to deliver more sustainable long-term performance than those relying on new supply.

## Chinese translation

> Translation model: grok_cli

### 发展商在雅加达更倾向升级现有资产而非新建商场

雅加达零售市场正进入更成熟阶段，发展商日益优先推动现有零售资产的升级演进，而非新建

第二季度新增零售供应仍然有限。

据高力国际（Colliers）称，雅加达零售市场正进入更成熟阶段，发展商日益优先推动现有零售资产的升级演进，而非新建购物中心。

在其2026年第二季度市场报告中，高力国际表示当季新增零售供应仍然有限，活动主要集中在商场扩建、资产重新定位，以及将零售融入综合用途发展项目，而非独立项目。

该物业咨询机构表示，面对消费者行为变化、开发成本上升，以及最大化既有资产长期表现的需要，发展商正采取更审慎的策略。

高力国际指出，扩建成功商场可让业主刷新租户组合、引入新的体验式概念，并响应不断演变的消费需求，同时相较全新购物中心，开发风险更低。

邻里型零售中心也正成为雅加达零售版图中更突出的一部分，受益于不断扩大的居住辐射区，以及对便利性、餐饮、日常服务与社区体验的需求。

展望未来，高力国际预计零售供应将保持克制，未来增长聚焦于选择性扩张、资产提升与重新定位。该咨询机构表示，现代化现有资产并强化零售生态的发展商，相比依赖新增供应者，更有望实现更可持续的长期表现。