This weekly newsletter chronicles top digital themes and trends playing out in SE Asia, especially Indonesia. We will decode policy and regulatory changes affecting digital economy sectors, crunch earnings data of top players, track developments related to gig economy workers and attempt to piece together ecosystem buildouts in some of the fastest-growing, venture-backed plays. You can access the previous editions of the Vantage Point weekly posts here.
Executive Summary
- Lamudi scaling up towards profitability in booming residential property market
- PropertyGuru’s exit to help the big players in competitive market
- GoTo’s core and non-core assets
- Has Grab found the secret sauce?
Lamudi scaling up towards profitability in booming residential property market
The residential property market in Indonesia is in the midst of a recovery after a lull during the pandemic, with an uptick in activity in the more affordable segment — properties valued between 700 million rupiah and 2 billion rupiah per unit.
There has also been a surge in new development areas made more accessible by new infrastructure, including toll roads, most notably the Jakarta Light Rail Transit (LRT) project which is already being tested.
All these new infrastructures have been termed as transit-oriented developments (TOD), given that the new transport links make them suddenly more accessible for commuters.
