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.

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.

House Price Index YoY in Indonesia decreased to 1.07 percent in the first quarter of 2025 from 1.39 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Indonesia House Price Index YoY.

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.

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.

Graph and download economic data for Residential Property Prices for Indonesia (QIDN628BIS) from Q1 2002 to Q3 2021 about Indonesia, residential, HPI, housing, price index, price, and indexes.

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.

Residential Property Prices in Indonesia increased 1.39 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Indonesia Residential Property Prices.

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]

The residential property price index in Denpasar, Bali, Indonesia reached ****** index points as of the third quarter of 2024. In Indonesia, foreigners cannot fully own property, but they can acquire the Right of Lease (Hak Sewa), Right to Build (Hak Guna Bangunan/HGB), and Right to Use (Hak Pakai/HP) certificates that will allow them to stay on the property for more than 25 years.

Residential Property Price Index: 18 Cities: Large data was reported at 107.304 2018=100 in Dec 2024. This records an increase from the previous number of 107.109 2018=100 for Sep 2024. Residential Property Price Index: 18 Cities: Large data is updated quarterly, averaging 102.588 2018=100 from Mar 2018 (Median) to Dec 2024, with 28 observations. The data reached an all-time high of 107.304 2018=100 in Dec 2024 and a record low of 99.532 2018=100 in Mar 2018. Residential Property Price Index: 18 Cities: Large data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.EF010: Residential Property Price Index: by Cities. [COVID-19-IMPACT]

The residential property price index in Indonesia from the third quarter of 2021 to the fourth quarter of 2024 has gradually increased, reaching a value of ****** index points as of the last quarter of 2024. Land in Indonesia can only be owned by Indonesian citizens. However, if the building has a strata title status, non-Indonesians can also own an apartment or office space but not the land on which it stands.

The Report Covers Indonesia Commercial Real Estate Market Companies & Overview and it is Segmented by Type (Offices, Retail, Industrial, Logistics, Multi-family, and Hospitality) and Key Cities (Jakarta, Surabaya, and Semarang). The market size and forecasts for the Indonesia Commercial Real Estate market are provided in terms of value (USD) for all the above segments.

Indonesia - Selected residential property prices, Nominal, Year-on-year changes, in per cent

Indonesia Residential Property Price Index: BI: Surabaya data was reported at 344.845 2002=100 in Jun 2019. This records an increase from the previous number of 344.432 2002=100 for Mar 2019. Indonesia Residential Property Price Index: BI: Surabaya data is updated quarterly, averaging 180.510 2002=100 from Mar 2002 (Median) to Jun 2019, with 70 observations. The data reached an all-time high of 344.845 2002=100 in Jun 2019 and a record low of 100.000 2002=100 in Mar 2002. Indonesia Residential Property Price Index: BI: Surabaya data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.EF005: Residential Property Price Index: by Cities.

Gain insights into the Indonesia Real Estate Market, size at USD 9.0 trillion in 2023, showcasing major players and future outlook.

The total transaction value in the real estate market in Indonesia was forecast to continuously increase between 2024 and 2029 by in total *** billion U.S. dollars. The transaction value is estimated to reach a new peak of approximately ***** billion U.S. dollars by 2029.

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Residential Real Estate Market Size 2025-2029

The residential real estate market size is forecast to increase by USD 485.2 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, fueled by increasing marketing initiatives that attract potential buyers and tenants. This trend is driven by the rising demand for housing solutions that cater to the evolving needs of consumers, particularly in urban areas. However, the market's growth trajectory is not without challenges. Regulatory uncertainty looms large, with changing policies and regulations posing a significant threat to market stability. Notably, innovative smart home technologies, such as voice-activated assistants and energy-efficient appliances, are gaining traction, offering enhanced convenience and sustainability for homeowners.
As such, companies seeking to capitalize on the opportunities presented by the growing the market must navigate these challenges with agility and foresight. The residential construction industry's expansion is driven by urbanization and the rising standard of living in emerging economies, including India, China, Thailand, Malaysia, and Indonesia. By staying abreast of regulatory changes and implementing innovative marketing strategies, they can effectively meet the evolving needs of consumers and maintain a competitive edge. These regulatory shifts can impact everything from property prices to financing options, making it crucial for market players to stay informed and adapt quickly.

What will be the Size of the Residential Real Estate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic housing market analysis, small flats continue to be a popular choice for both investors and first-time homebuyers, driven by affordability and urban growth. International investment in housing projects, including apartments and condominiums, remains strong, offering attractive investment returns. Real estate syndication and property management software facilitate efficient property ownership and management. Real estate loans, property insurance, and urban planning are essential components of the housing market, ensuring the development of affordable housing and addressing the needs of the middle class and upper middle class. Property disputes, property tax assessments, and real estate litigation are ongoing challenges, requiring careful attention from stakeholders.
Property search engines streamline the process of finding the perfect property, from studio apartments to luxury homes. Real estate auctions, land banking, and nano apartments are innovative solutions in the market, while property flipping and short sales provide opportunities for savvy investors. Urban growth and community development are key trends, with a focus on sustainable, planned cities and the integration of technology, such as real estate blockchain, into the industry. Developers secure building permits, review inspection reports, and manage escrow accounts during real estate transactions. Key services include contract negotiation, dispute resolution, and tailored investment strategies for portfolio management. Financial aspects cover tax implications, estate planning, retirement planning, taxdeferred exchanges, capital gains, tax deductions, and maintaining positive cash flow for sustained returns.

How is this Residential Real Estate Industry segmented?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period. The sales segment dominates the global residential real estate market and will continue to dominate during the forecast period. The sales segment includes the sale of any property that is majorly used for residential purposes, such as single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences. With the growing population and urbanization, the demand for homes is also increasing, which is the major factor driving the growth of the sales segment. Moreover, real estate firms work with developers to sel

The Indonesian residential real estate market, valued at $72.11 billion in 2025, is projected to experience robust growth, with a Compound Annual Growth Rate (CAGR) of 7.95% from 2025 to 2033. This expansion is fueled by several key factors. A burgeoning middle class with increasing disposable income is driving demand for housing, particularly in rapidly urbanizing areas like Jakarta, Surabaya, and Semarang. Government initiatives aimed at improving infrastructure and easing regulations within the property sector further stimulate market activity. The rising popularity of modern condominium and apartment living, alongside the continued demand for villas and landed houses, caters to diverse preferences within the market. Competition amongst major players such as Agung Podomoro Land, Tokyu Land Indonesia, and Sinar Mas Land ensures a dynamic market landscape with continuous innovation in design, amenities, and location. However, challenges such as land scarcity in prime locations and fluctuating interest rates could potentially temper growth. The market segments are clearly defined by property type (condominiums and apartments versus villas and landed houses) and geographical location, concentrating largely around major Indonesian cities. The forecast suggests a steady increase in market value throughout the forecast period (2025-2033). While specific annual market sizes for years beyond 2025 are not provided, applying the 7.95% CAGR, we can anticipate significant expansion. This growth will be influenced by the continued urbanization of Indonesia, ongoing infrastructure developments, and the evolving preferences of homebuyers. Strategic land acquisitions and development projects by major players will shape the market’s trajectory, leading to a broader range of housing options to meet the growing needs of the population. Sustained economic growth and increased foreign investment will also play a crucial role in shaping the future of Indonesia's dynamic residential real estate sector. Unlocking the Potential: A Deep Dive into Indonesia's Residential Real Estate Market (2019-2033) This comprehensive report offers an in-depth analysis of Indonesia's dynamic residential real estate industry, covering the period from 2019 to 2033. With a focus on key market segments, including condominiums, apartments, villas, and landed houses across major cities like Jakarta, Greater Surabaya, and Semarang, this report provides invaluable insights for investors, developers, and industry stakeholders. We delve into historical data (2019-2024), examine the current market landscape (Base Year: 2025, Estimated Year: 2025), and forecast future trends (Forecast Period: 2025-2033). Our analysis incorporates key performance indicators (KPIs) and provides actionable strategies for navigating this lucrative but complex market. This report uses data measured in Million units. Key drivers for this market are: Increasing Investment in Infrastructure Projects, The rising popularity of sustainable architecture. Potential restraints include: Volatility in Raw material prices. Notable trends are: Jakarta Emerging as a Prime Rental Market.

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.