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.

Key information about House Prices Growth

• Indonesia house prices grew 0.8% YoY in Sep 2025, following an increase of 0.9% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2003 to Sep 2025, with an average growth rate of 7.4%.
• House price data reached an all-time high of 13.5% in Sep 2013 and a record low of 0.8% in Sep 2025.

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.

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.

This dataset is scrapped from rumah123.com which contains information about property listings that located at South Jakarta. This dataset let us to analyze real estate market on rumah123.com.

Notes This dataset already cleaned and formatted.

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.

Graph and download economic data for Real Residential Property Prices for Indonesia (QIDR628BIS) from Q1 2002 to Q2 2025 about Indonesia, residential, HPI, housing, real, price index, indexes, and price.

House Price Index YoY in Indonesia decreased to 0.84 percent in the third quarter of 2025 from 0.90 percent in the second quarter of 2025. This dataset includes a chart with historical data for Indonesia House Price Index YoY.

As of the fourth quarter of 2024, the commercial property price index in Jakarta, Indonesia increased by **** percent. The year-on-year growth of the city's commercial property price index has fluctuated over the past few years, with the highest growth recorded in the second quarter of 2022, at around **** percent.

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 Indonesian real estate market, valued at $64.78 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5.82% from 2025 to 2033. This expansion is driven by several key factors. A burgeoning population, particularly in rapidly urbanizing areas like Jakarta and Bali, fuels significant demand for residential properties. Furthermore, increasing foreign investment, coupled with government initiatives promoting infrastructure development and affordable housing schemes, is stimulating the market. The rise of e-commerce and a growing middle class are bolstering the retail and office segments. However, challenges exist, including potential interest rate fluctuations impacting borrowing costs and navigating regulatory complexities associated with land acquisition and construction permits. The market's segmentation by property type (residential, office, retail, hospitality, industrial) and city (Jakarta, Bali, Rest of Indonesia) allows for a nuanced understanding of growth patterns within specific niches. Major players like PT Intiland Development Tbk, Tokyu Land Indonesia, and Agung Podomoro Land are actively shaping the market landscape, competing for dominance in diverse segments and locations. The continued expansion of Indonesia's economy and its growing reputation as a Southeast Asian investment hub are expected to contribute to the long-term positive trajectory of this dynamic real estate sector. The diverse nature of the Indonesian real estate market presents both opportunities and risks. While the residential sector consistently dominates, the growth of the office and retail sectors reflects Indonesia's economic diversification. Strategic investments in logistics and manufacturing are bolstering the industrial segment, creating a need for specialized warehouse and factory spaces. Bali’s tourism sector contributes to the significant demand for hospitality properties, while Jakarta remains the center of commercial activity, driving office and retail market growth. Effective risk management strategies, including thorough due diligence regarding land titles and regulatory compliance, are crucial for navigating potential challenges. Future market performance will depend on maintaining economic stability, prudent government policies supporting sustainable development, and investor confidence in Indonesia's long-term growth prospects. Careful consideration of these factors will allow stakeholders to effectively participate in and capitalize on the potential of the Indonesian real estate market. Recent developments include: November 2023: Ciputra Group successfully launched its newest CitraLand City Sampali Kota Deli Megapolitan project in Medan. CitraLand City Sampali City Deli Megapolitan was developed by Ciputra Group together with KPN Group, in collaboration with PT Perkebunan Nusantara 2., September 2023: Tokyu Land Indonesia conducted the Topping Off ceremony for BRANZ Mega Kuningan. BRANZ Mega Kuningan Project is the third premium condominium development after BRANZ Simatupang and BRANZ BSD. The Topping Off ceremony, a significant milestone for TLID, was successfully held. During its introduction to the public, this project has already garnered attention from consumers interested in condominiums in Jakarta.. Key drivers for this market are: Growing Population, Increase in Demand for Residential Real Estate. Potential restraints include: Growing Population, Increase in Demand for Residential Real Estate. Notable trends are: Jakarta Emerging as a Prime Rental Market.

The residential property price index in the Jakarta metropolitan area, or locally known as Jabodetabek, in Indonesia reached a value of ****** index points as of the second quarter of 2024. Over ** million people live in Greater Jakarta, of which ** million people live in the urban region surrounding the capital city, while around **** million people live in Jakarta.

Indonesia's real estate market is booming! Discover key trends, growth projections (CAGR 5.82%), and leading players shaping this $64.78 billion market (2025). Explore opportunities in Jakarta, Bali, and beyond. Invest wisely in this dynamic sector! 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.

Indonesia's booming residential real estate market is projected to reach $138 billion by 2033, fueled by a growing middle class and government initiatives. Explore key market trends, top developers (Agung Podomoro Land, Sinar Mas Land, etc.), and investment opportunities in Jakarta, Surabaya, and Semarang. 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.

Indonesia Consumer Price Index (CPI): Jakarta: Housing: Costs for Housing data was reported at 283.570 Apr1988-Mar1989=100 in Mar 1998. This records an increase from the previous number of 269.150 Apr1988-Mar1989=100 for Feb 1998. Indonesia Consumer Price Index (CPI): Jakarta: Housing: Costs for Housing data is updated monthly, averaging 202.945 Apr1988-Mar1989=100 from Dec 1990 (Median) to Mar 1998, with 88 observations. The data reached an all-time high of 283.570 Apr1988-Mar1989=100 in Mar 1998 and a record low of 136.180 Apr1988-Mar1989=100 in Mar 1991. Indonesia Consumer Price Index (CPI): Jakarta: Housing: Costs for Housing 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.IA028: Consumer Price Index: by Cities: Java: DKI Jakarta.

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.

The Indonesian residential real estate market, valued at $72.11 million in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 7.95% from 2025 to 2033. This growth is fueled by several key factors. A burgeoning middle class with increasing disposable income is driving demand for improved housing, particularly in rapidly developing urban centers like Jakarta, Surabaya, and Semarang. Government initiatives aimed at improving infrastructure and affordable housing schemes further contribute to market expansion. The preference for modern, well-designed condominiums and apartments, especially among younger generations, is a significant trend. However, challenges remain. Rising construction costs, land scarcity in prime locations, and fluctuating interest rates can act as restraints on market growth. The market is segmented by property type (condominiums/apartments, villas/landed houses) and key cities, with Jakarta dominating the market share due to its economic and population density. Leading developers like Agung Podomoro Land, Lippo Homes, and Sinar Mas Land are actively shaping the market landscape through innovative projects and strategic expansions. The long-term outlook remains positive, with continued growth expected, albeit at a potentially moderated pace depending on economic conditions and policy changes. The Indonesian residential real estate sector presents a compelling investment opportunity, though careful consideration of the aforementioned drivers and restraints is crucial. The market's diversification across property types and geographical locations offers investors varied avenues for participation. However, thorough due diligence, particularly concerning regulatory compliance and potential economic fluctuations, is paramount for success in this dynamic market. The dominance of established players suggests a degree of market consolidation, yet the ongoing growth presents opportunities for both established and emerging developers to capitalize on the expanding demand for housing across diverse segments of the Indonesian population. Recent developments include: October 2021: Perum Perumnas and PT Perkebunan Nusantara II (PTPN II) are focusing on synergizing in developing a residential area with an integrated new township concept in Deli Serdang, North Sumatra. This collaboration is then managed by a subsidiary, namely PT Propernas Nusa Dua for the development of the Nusa Dua Bekala Mandiri City area., September 2021: Agung Podomoro launched its newest residential complex Bukit Podomoro Jakarta, which brings peace amidst the hustle and bustle of the capital city. This luxurious and exclusive residence occupies an area of 9.6 hectares on the east side of Jakarta.. Notable trends are: Jakarta Emerging as a Prime Rental Market.

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.

Indonesia's booming commercial real estate market is projected to reach $21.04 billion by 2025, with a 7.40% CAGR until 2033. Discover key market trends, top developers (Agung Podomoro, Sinarmas Land), and investment opportunities in Jakarta, Surabaya, and Semarang. Analyze market segments including office, retail, and industrial spaces. 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.

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, nearly ** percent of the offered properties on the residential market in Jakarta found a buyer. The price of residential property in Jakarta is more expensive than in the peripheral areas, many Indonesians tend to buy their first houses outside of Jakarta.