The Indonesia Real Estate Market Report is Segmented by Property Type (Residential, and Commercial), by Business Model (Sales and Rental), by End User (Individuals/Households, Corporates & SMEs, and More), and by Region (DKI Jakarta, East Java, West Java, and the Rest of Indonesia). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Residential Property Prices in Indonesia increased 0.90 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Indonesia Residential Property Prices.

In the fourth quarter of 2024, the sales growth of the large house market in Indonesia reached around 20.4 percent. During the same period, the overall sales growth of the residential property market in Indonesia contracted by approximately 15 percent.

Graph and download economic data for Real Residential Property Prices for Indonesia (QIDR368BIS) from Q1 2003 to Q2 2025 about Indonesia, residential, housing, real, and price.

The real estate transaction value in the real estate market in Indonesia was modeled to stand at 60.37 billion U.S. dollars in 2024. Following a continuous upward trend, the real estate transaction value has risen by 19.15 billion U.S. dollars since 2017. Between 2024 and 2029, the real estate transaction value will rise by 2.34 billion U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Real Estate.

Housing Index in Indonesia increased to 109.65 points in the fourth quarter of 2024 from 109.44 points in the third quarter of 2024. This dataset provides - Indonesia Housing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The Indonesian real estate market, valued at $64.78 billion in 2025, is projected to experience robust growth, driven by a burgeoning middle class, increasing urbanization, and government initiatives promoting infrastructure development. A compound annual growth rate (CAGR) of 5.82% from 2025 to 2033 indicates a significant expansion of the market, reaching an estimated value of approximately $105 billion by 2033. This growth is fueled by strong demand across various property types, including residential, office, retail, and hospitality sectors. Jakarta and Bali remain key market drivers, attracting significant investment and exhibiting high property values. However, challenges such as land scarcity in prime locations, regulatory complexities, and fluctuating economic conditions pose potential restraints to market growth. The increasing popularity of sustainable and technologically advanced buildings is a notable trend shaping the market's future. Major players like Agung Podomoro Land, Tokyu Land Indonesia, and Lippo Group are actively shaping the landscape, competing for market share through large-scale projects and strategic partnerships. The diverse segments within the market – encompassing residential, office, retail, hospitality, and industrial properties across different Indonesian cities – provide ample opportunities for various investors and developers. The Indonesian real estate market’s resilience is underpinned by a long-term positive outlook for economic growth and population expansion. The government's focus on infrastructure development, including transportation and utilities, further enhances the attractiveness of the market. Furthermore, the rise of e-commerce and the need for modern logistics infrastructure are stimulating growth in the industrial and warehousing segments. The increasing adoption of smart city initiatives also contributes to the growth of technologically advanced properties. However, careful consideration needs to be given to potential risks associated with inflation, interest rate fluctuations, and geopolitical factors, which could affect investor confidence and project timelines. Understanding these dynamics is crucial for investors and stakeholders to navigate the complexities of this dynamic and promising market. This comprehensive report provides an in-depth analysis of the Indonesian real estate market, covering the historical period (2019-2024), base year (2025), and forecast period (2025-2033). It offers invaluable insights for investors, developers, and industry stakeholders seeking to navigate this dynamic and rapidly expanding sector. With a focus on key segments – residential, office, retail, hospitality, and industrial – across major cities like Jakarta and Bali, this report reveals the market's current state and future trajectory. Keywords: Indonesian Real Estate Market, Jakarta Real Estate, Bali Property Market, Indonesian Property Investment, Real Estate Development Indonesia, Indonesian Real Estate Trends. Key drivers for this market are: Growing Population, Increase in Demand for Residential Real Estate. Potential restraints include: Increase in Costs. Notable trends are: Jakarta Emerging as a Prime Rental Market.

House Price Index YoY in Indonesia decreased to 0.90 percent in the second quarter of 2025 from 1.07 percent in the first quarter of 2025. This dataset includes a chart with historical data for Indonesia House Price Index YoY.

As of January 2025, the resale price index of second-hand houses in Indonesia was at 113.2. The index tracks the overall price movement of the second-hand housing market in Indonesia, compared to the base value from January 2020, when the index was equal to 100.

Indonesia Real Estate Market size was valued at USD 64.78 Billion in 2024 and is projected to reach USD 85.97 Billion by 2032, growing at a CAGR of 5.82% during the forecast period 2026-2032.Urbanization and Growing Middle-Class Population: Rapid urbanization and a growing middle-class population are two major drivers of the Indonesian real estate industry. This powerful demographic shift, where the urban population is projected to exceed two-thirds of the total in the coming years, creates immense, sustained demand across all property segments. As more people move from rural areas to major urban hubs in quest of better work prospects and higher living standards, the demand for residential, commercial, and mixed-use real estate properties in key cities like Jakarta, Surabaya, and Bandung has significantly increased. The burgeoning middle class, with their expanding disposable income, is actively seeking higher-quality housing and premium commercial spaces, driving a strong market for both affordable and mid-range housing options, especially for first-time homebuyers. Savvy investors are targeting these high-growth metropolitan areas to capitalize on the sustained need for modern living and working spaces.

The Indonesia Commercial Real Estate Market Report is Segmented by Property Type (Offices, Retail, Logistics and Others), by Business Model (Sales and Rental), by End-User (Individuals/Households, Corporates & SMEs and Others), and by Geography (Jakarta, Surabaya, Bandung, Semarang, Medan and the Rest of Indonesia). The Market Forecasts are Provided in Terms of Value (USD).

In the fourth quarter of 2024, the sales growth of the small house market in Indonesia contracted by nearly 24 percent. During the same period, the overall sales growth of the residential property market in Indonesia fell by approximately 15 percent.

Indonesia Residential Real Estate Market Outlook 2031:

The Indonesia residential real estate market size was valued at USD 61.88 Billion in 2022 and is projected to reach USD 123.18 Billion by 2031, expanding at a CAGR of 7.95% during the forecast period 2023 - 2031. The growth of market is attributed to increasing young population, rapid urbanization, complimentary demographic configuration, and increasing per capital income of population.

The legal authorities of Indonesia has taken an initiatives towards the development of the country by introducing One Million Houses (OMH) programs, the program focuses on construction of at least 1 million units per year around 1.11 millions are constructed in the year 2018.

This programs main objective is to cater the lack of investment in the property market and reduce the 7.4 million shortage of housing investment to around 5.2 million. By this year they majorly aim at catering the pile-up demand of the country first.



There is a significant demand in the rise of residential property among the population in both the segments land and vertical housing, and after the government interference with the initiatives and favorable policies it is expected more to increase.



The real estate industry looks at renting and leasing of properties it is valued by the total revenue generated by landlord through renting council and private properties and is calculated using average rent multiplied by the number of rented properties.



The covid-19 pandemic impacted the residential real estate market. Decreasing supply of raw materials, lockdown across the globe, and supply chain disorders forced companies to close down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Graph and download economic data for Residential Property Prices for Indonesia (QIDN368BIS) from Q1 2003 to Q2 2025 about Indonesia, residential, housing, and price.

Indonesia residential real estate market is valued at USD 45 billion, driven by urbanization, rising incomes, and government incentives, with strong demand in Jakarta and Surabaya.

The Indonesian commercial real estate market presents a compelling investment opportunity, projected to reach $21.04 billion in 2025 and maintain a robust Compound Annual Growth Rate (CAGR) of 7.40% from 2025 to 2033. This growth is fueled by several key drivers. Rapid urbanization, particularly in major cities like Jakarta, Surabaya, and Semarang, is creating significant demand for office, retail, and industrial spaces. The burgeoning e-commerce sector and associated logistics needs are further boosting the demand for warehousing and distribution centers. Moreover, Indonesia's expanding tourism sector is driving investment in hospitality real estate. While challenges exist, such as potential economic volatility and infrastructure limitations, the overall market outlook remains positive. The dominance of established players like Agung Podomoro Land, Sinarmas Land, and Lippo Karawaci, alongside the emergence of co-working spaces and the increasing activity of real estate agencies, underscores a dynamic and competitive landscape. The segmentation by property type (offices, retail, industrial, logistics, multi-family, hospitality) and key cities highlights diverse investment opportunities tailored to specific market needs. Furthermore, ongoing government initiatives aimed at improving infrastructure and attracting foreign investment are expected to contribute significantly to future market expansion. The consistent growth projection suggests a sustained period of expansion for the Indonesian commercial real estate sector. However, investors should carefully analyze individual sub-sectors. For instance, while the office market benefits from the growth of businesses and corporate expansion, the retail segment’s performance may be more sensitive to consumer spending patterns and economic fluctuations. Similarly, the logistics sector is likely to see continued growth driven by e-commerce, necessitating close attention to supply chain dynamics. Understanding the competitive landscape, including both established developers and emerging co-working spaces, is critical for effective market entry and strategic planning. Overall, the Indonesian commercial real estate market exhibits strong long-term growth potential, presenting significant opportunities for both domestic and international investors who understand the nuances of this dynamic sector. Recent developments include: October 2022: Global digital infrastructure company Equinix., Inc. has announced its expansion into Indonesia with a planned approximately USD 74 million International Business Exchange (IBX®) data center in the heart of Jakarta. With this expansion, Equinix will enable Indonesian companies and multinationals based in Indonesia to leverage its proven platform to consolidate and connect the underlying infrastructure of their business., January 2022: Emerging Markets Property Group (EMPG), a property-focused market operator, has acquired OLX Indonesia property assets for an undisclosed sum through the local property arm Lamudi.. Notable trends are: The demand for office remains strong in the country.

Key information about Indonesia Gold Production

• Indonesia Real Residential Property Price Index was reported at 96.360 2010=100 in Sep 2024.
• This records an increase from the previous number of 95.812 2010=100 for Jun 2024.
• Indonesia Real Residential Property Price Index data is updated quarterly, averaging 104.040 2010=100 from Mar 2002 to Sep 2024, with 91 observations.
• The data reached an all-time high of 140.259 2010=100 in Jun 2002 and a record low of 95.812 2010=100 in Jun 2024.
• Indonesia Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

In the fourth quarter of 2024, the overall sales growth of the residential property market in Indonesia contracted by approximately 15 percent. During the same period, the sales growth for small houses in Indonesia fell by over 23 percent.

As of the second quarter of 2024, the residential property price index score for small houses in Indonesia stood at around 112.16. The overall residential property price index in Indonesia has gradually increased over the past few years.