Luxury Perfumes and Chinese Tea Brand Expansion Boost Jakarta Mall Occupancy
Jakarta, KOMPAS.com - Jakarta’s retail market has shown interesting developments in the first quarter of this year.
According to the latest JLL report, demand for shopping mall space in the capital recorded a positive figure of 10,000 square meters.
The food and beverage (F&B) and lifestyle sectors were the main drivers of this retail space absorption.
Not less dominant, the premium cosmetics and lifestyle market also received a new boost with the presence of several international luxury perfume brands.
These brands chose high-end shopping malls in Jakarta to open their first stores in Indonesia.
The arrival of this diverse portfolio of new retailers has directly boosted the occupancy rate of malls in Jakarta. Currently, the average occupancy rate of shopping malls in the capital has reached 86 percent.
“This quarter’s activity was supported by the food and beverage sector, especially Chinese tea products which dominated the expansion movement in Jakarta,” said James, Tuesday (12/5/2026).
A significant contribution to demand also came from several foreign luxury perfume brands that opened their first stores in premium shopping malls in Jakarta.
“This has a positive impact on the occupancy rate of Jakarta’s shopping malls, which is currently at 86 percent,” added James.
In the first quarter of 2026, a new shopping mall, Ponfok Indah Mall (PIM) 5 with an area of 9,000 square meters, officially opened in South Jakarta. Interestingly, this mall carries a semi-outdoor concept.
The presence of this partially open-space concept mall confirms that developers and retail space owners are now more adept at reading market psychology.
Consumers no longer just look for shopping places in closed buildings, but want public spaces that offer a more visual experience and fresher air circulation.
Overall, Jakarta’s retail market in early 2026 has proven its resilience through a combination of the right strategies: massive expansion from popular Asian F&B brands, the exclusive appeal of global fashion products, and more environmentally friendly mall architectural innovations.