In 2020, the average price for a house between *** and *** square meters in Pondok Indah, Jakarta in Indonesia amounted to **** billion Indonesian rupiah or around *** thousand U.S. dollars. In comparison, the price for the same-size house in East Jakarta, Cibubur amounted to *** billion Indonesian rupiah. Pondok Indah is one of the most prestigious residential areas in Indonesia which is also located close to the central business district of Jakarta, the capital city.

As of January 2025, Central Jakarta had the highest median price for houses between 91 and 150 square meters, reaching three billion Indonesian rupiah. It was followed by North Jakarta, with a median price of 2.8 billion Indonesian rupiah.

Key information about House Prices Growth

• Indonesia house prices grew 1.4% YoY in Dec 2024, following an increase of 1.5% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2003 to Dec 2024, with an average growth rate of 3.1%.
• House price data reached an all-time high of 13.5% in Sep 2013 and a record low of 1.0% in Jun 2021.

CEIC calculates House Prices Growth from quarterly Residential Property Price Index. Bank Indonesia provides Residential Property Price Index with base 2018=100. House Prices Growth covers 18 major cities. House Prices Growth prior to Q1 2019 is calculated from House Price Index with base 2002=100. House Prices Growth prior to Q1 2013 covers 14 major cities.

Graph and download economic data for Real Residential Property Prices for Indonesia (QIDR628BIS) from Q1 2002 to Q4 2024 about Indonesia, residential, HPI, housing, real, price index, indexes, and price.

As of January 2025, North Jakarta had the highest median price for houses between 61 and 90 square meters, reaching around 1.85 billion Indonesian rupiah. It was followed by West Jakarta, with a median price of around 1.5 billion Indonesian rupiah.

As of the third quarter of 2024, the residential property price index in Greater Jakarta (locally known as Jabodetabek) increased by approximately *** percent. This indicated a sharp decline following a period of continuous increases in the price index over the past few years. Indonesia’s housing market Indonesia is currently struggling with a housing backlog, reaching nearly ** million units in 2023. This represented the number of Indonesian households who were supposed to own a house in the country. In response to this issue, the government has initiated the “One Million Houses” program (Program Sejuta Rumah), intending to build a million houses annually. Among other cities in Indonesia, Pontianak stood out with the highest house price growth as of the third quarter of 2024. The rising role of Greater Jakarta‘s satellite cities As Indonesia’s financial center, Jakarta outpaces other areas in terms of average land prices. For residential homes, the average land price is significantly higher than the land price in industrial areas in Jakarta. Greater Jakarta, home to about ** million people, encompasses Jakarta and **** satellite cities, including Bogor, Depok, Tangerang, South Tangerang, and Bekasi. As Jakarta lacks affordable housing and developed areas for landed houses, many residents are now starting to relocate to its satellite cities. This has also caused Jakarta to have a lower residential property sales rate compared to the other Greater Jakarta regions.

Indonesia House Built: Average Price per Unit: West Sumatera data was reported at 83.040 IDR mn in 2015. This stayed constant from the previous number of 83.040 IDR mn for 2014. Indonesia House Built: Average Price per Unit: West Sumatera data is updated yearly, averaging 65.000 IDR mn from Dec 2009 (Median) to 2015, with 7 observations. The data reached an all-time high of 83.040 IDR mn in 2015 and a record low of 41.000 IDR mn in 2010. Indonesia House Built: Average Price per Unit: West Sumatera data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Indonesia – Table ID.EC004: Average Price per Unit of House Built.

Indonesia House Built: Average Price per Unit: East Java data was reported at 170.200 IDR mn in 2018. This records a decrease from the previous number of 304.400 IDR mn for 2017. Indonesia House Built: Average Price per Unit: East Java data is updated yearly, averaging 114.120 IDR mn from Dec 2008 (Median) to 2018, with 11 observations. The data reached an all-time high of 304.400 IDR mn in 2017 and a record low of 50.000 IDR mn in 2011. Indonesia House Built: Average Price per Unit: East Java data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Indonesia – Table ID.EC004: Average Price per Unit of House Built.

House price index in Indonesia, March, 2025 The most recent value is 167.05 index points as of Q1 2025, an increase compared to the previous value of 166.62 index points. Historically, the average for Indonesia from Q1 2002 to Q1 2025 is 122.57 index points. The minimum of 73.91 index points was recorded in Q1 2002, while the maximum of 167.05 index points was reached in Q1 2025. | TheGlobalEconomy.com

Indonesia House Built: Average Price per Unit: DKI Jakarta data was reported at 214.100 IDR mn in 2017. This records a decrease from the previous number of 387.680 IDR mn for 2016. Indonesia House Built: Average Price per Unit: DKI Jakarta data is updated yearly, averaging 236.550 IDR mn from Dec 2008 (Median) to 2017, with 10 observations. The data reached an all-time high of 387.680 IDR mn in 2016 and a record low of 77.000 IDR mn in 2008. Indonesia House Built: Average Price per Unit: DKI Jakarta data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Indonesia – Table ID.EC004: Average Price per Unit of House Built.

As of the second half of 2024, the average land price of landed residential homes in Jakarta was about ** million Indonesian rupiah per square meter. Jakarta is Indonesia's financial center, and the average land price there is higher compared to other areas. The residential property price in Greater Jakarta also has been steadily increasing in the past decades. Jakarta residential properties are not affordable for many Approximately ** million people live in Greater Jakarta, with the majority live in the urban region surrounding the capital city. The metropolitan area consists of Jakarta and its five satellite cities: Bogor, Depok, Bekasi, Tangerang, and South Tangerang. However, as the number of affordable residential houses and developed areas for landed houses in the capital city is limited, many Indonesians, especially the younger generations, tend to buy their houses in the surrounding regions. Many Jakartans relocated to Tangerang regency Real estate in the center of Jakarta has been a stable investment and is less likely to drop in value, compared to the outer areas of Jakarta. However, since the 90s, Indonesia’s major real estate developers have been designing planned communities with excellent infrastructure in Tangerang. Since then, there is a growing number of people who have relocated there from Jakarta, leading to a lower residential property sales rate in Jakarta compared to Tangerang.

As of January 2025, North Jakarta had the highest median price for small houses with a size of ** square meters and below, reaching around *** billion Indonesian rupiah. It was followed by West Jakarta, with a median price of **** billion Indonesian rupiah.

Average Rural Consumer Price: Leased House: South East Sulawesi data was reported at 5,204,283.000 IDR/Year in Dec 2018. This stayed constant from the previous number of 5,204,283.000 IDR/Year for Nov 2018. Average Rural Consumer Price: Leased House: South East Sulawesi data is updated monthly, averaging 3,214,578.500 IDR/Year from Jan 2008 (Median) to Dec 2018, with 132 observations. The data reached an all-time high of 5,204,283.000 IDR/Year in Dec 2018 and a record low of 1,680,769.000 IDR/Year in Dec 2008. Average Rural Consumer Price: Leased House: South East Sulawesi data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Prices – Table ID.PE085: Average Rural Consumer Price: By Province: Housing Product: Leased House.

Indonesia House Built: Average Price per Unit: Jambi data was reported at 44.320 IDR mn in 2018. This records an increase from the previous number of 29.800 IDR mn for 2017. Indonesia House Built: Average Price per Unit: Jambi data is updated yearly, averaging 67.660 IDR mn from Dec 2008 (Median) to 2018, with 10 observations. The data reached an all-time high of 98.120 IDR mn in 2014 and a record low of 18.000 IDR mn in 2011. Indonesia House Built: Average Price per Unit: Jambi data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Indonesia – Table ID.EC004: Average Price per Unit of House Built.

As of January 2025, the average monthly interest rate for house loans in Indonesia was 6.87 percent. The country's house loan interest rate has gradually decreased over the past few years, with a drop of around 1.4 percent compared to the rate in January 2021. House financing and ownership in Indonesia With mortgage interest rates anticipated to remain lower compared to the pre-COVID-19 pandemic level, Indonesia's residential property market is expected to continue growing. Indonesian banks provided mortgage loans exceeding 730 trillion Indonesian as of January 2025, catering to the majority of Indonesians who rely on loans to finance their homeownership needs. Notably, house ownership rates in Indonesian rural areas are significantly higher compared to urban areas. Amid its soaring land and house prices, Jakarta struggled with the lowest house ownership rate of any province in Indonesia. Housing prices Despite its significant housing backlog, which underscores the need for affordable housing, Indonesia's residential property price index has steadily increased in recent years. At the end of 2024, cities like Batam, Pontianak, Pekanbaru, and Samarinda saw the highest increases in property prices. This trend is not limited to primary properties, as the resale price index of second-hand houses has also shown consistent growth over the past few years.

As of the fourth quarter of 2024, the average land price of industrial areas in Jakarta stood at around **** million Indonesian rupiah per square meter. As Indonesia's financial center, it is not surprising that the average land price in Jakarta is much higher compared to the other outlying areas.

In the fourth quarter of 2024, the average mortgage rate in Indonesia stood at 7.43 percent. This marked the lowest average mortgage rate in the country since the first quarter of 2020.

Indonesia House Built: Average Price per Unit: Central Kalimantan data was reported at 68.450 IDR mn in 2018. This records an increase from the previous number of 51.810 IDR mn for 2017. Indonesia House Built: Average Price per Unit: Central Kalimantan data is updated yearly, averaging 68.450 IDR mn from Dec 2008 (Median) to 2018, with 11 observations. The data reached an all-time high of 109.370 IDR mn in 2016 and a record low of 35.000 IDR mn in 2011. Indonesia House Built: Average Price per Unit: Central Kalimantan data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Indonesia – Table ID.EC004: Average Price per Unit of House Built.

Indonesia House Built: Average Price per Unit: Total data was reported at 1,611.000 IDR mn in 2018. This records a decrease from the previous number of 2,614.000 IDR mn for 2017. Indonesia House Built: Average Price per Unit: Total data is updated yearly, averaging 107.710 IDR mn from Dec 2008 (Median) to 2018, with 11 observations. The data reached an all-time high of 3,345.900 IDR mn in 2014 and a record low of 55.000 IDR mn in 2008. Indonesia House Built: Average Price per Unit: Total data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Indonesia – Table ID.EC004: Average Price per Unit of House Built.

Indonesia Average Urban Consumer Price: House Leased: Banda Aceh Municipality data was reported at 678,773.000 IDR/Month in Dec 2018. This records an increase from the previous number of 677,621.000 IDR/Month for Nov 2018. Indonesia Average Urban Consumer Price: House Leased: Banda Aceh Municipality data is updated monthly, averaging 674,819.500 IDR/Month from Jan 2006 (Median) to Dec 2018, with 156 observations. The data reached an all-time high of 1,611,882.000 IDR/Month in Dec 2011 and a record low of 654,686.000 IDR/Month in Apr 2013. Indonesia Average Urban Consumer Price: House Leased: Banda Aceh Municipality data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Prices – Table ID.PE151: Average Urban Consumer Price: By Cities: Housing Product: House Leased.