The Greater Jakarta residential property market has remained strong amid the economic downturn of the COVID-19 health crisis, while the retail property market took a hard hit from repeated extensions and frequent changes to the government's restrictive policies, says property consultancy Jones Lang LaSalle (JLL). JLL said at a virtual press briefing on Wednesday that the residential property market recorded a supply of 16,000 new houses in 2020, the highest since the consultancy started collecting data in 2017. Residential sales reached 13,000 houses with a sales rate of 72 percent, higher than the 63 percent rate for condominiums in Greater Jakarta. The majority of houses sold in 2020 fell within the Rp 600 million (US$42,901.32) to Rp 1.3 billion price range, had two to three bedrooms and were located in the satellite city of Tangerang, Banten province. JLL head of researc…