Indonesia's Real Estate Market Report is Segmented by Property Type (Residential, Office, Retail, Hospitality, and Industrial) and Location (Jakarta, Bali, and the Rest of Indonesia). The Report Offers Market Size and Forecasts in Terms of Value (USD) for all the Above Segments.

The Report Covers Indonesia Housing Market Analysis & Trends and it is Segmented by Type (Apartments & Condominiums, Villas and landed houses), Key Cities (Jakarta, Greater Surabaya, Semarang, and Rest of Indonesia). The report offers market size and forecasts for Indonesia Residential Real Estate Market in value (USD Billion) for all the above segments.

The Indonesia real estate market size reached USD 95.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 151.7 Billion by 2033, exhibiting a growth rate (CAGR) of 5.29% during 2025-2033. The rising population and urbanization in the country, burgeoning middle class with growing disposable income, the strategic geographical location of the country, the implementation of various government policies and initiatives, the evolution of the financial sector, and the development of educational facilities and universities represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on property type.

The total transaction value in the real estate market in Indonesia was forecast to continuously increase between 2024 and 2029 by in total 2.3 billion U.S. dollars. The transaction value is estimated to reach a new peak of approximately 62.71 billion U.S. dollars by 2029.

The real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in Indonesia was forecast to continuously increase between 2024 and 2029 by in total 2.3 billion U.S. dollars (+3.81 percent). After the eleventh consecutive increasing year, the real estate transaction value is estimated to reach 62.71 billion U.S. dollars and therefore a new peak in 2029. Notably, the real estate transaction value of the 'Residential Real Estate Transactions' segment of the real estate market was continuously increasing over the past years.Find further information concerning the real estate transaction value in the real estate market in Panama and the real estate transaction value in the real estate market in Peru. The Statista Market Insights cover a broad range of additional markets.

Indonesia residential real estate market size reached USD 144.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 287.0 Billion by 2033, exhibiting a growth rate (CAGR) of 7.97% during 2025-2033. The inflating disposable incomes of individuals, the rapid urbanization, the increasing government-led infrastructure projects, the favorable interest rates on housing loans, the growth of the tourism and hospitality sector, the emergence and growth of Real Estate Investment Trusts, and the digitalization of real estate services are some of the factors propelling the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type.

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.

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

Indonesia Real Estate Market size was valued at USD 64.78 Billion in 2023 and is projected to reach USD 85.97 Billion by 2031, growing at a CAGR of 5.82% from 2024 to 2031.

Indonesia Real Estate Market Dynamics

The key market dynamics that are shaping the Indonesia real estate market include:

Key Market Drivers

Urbanization and Growing Middle-Class Population: Rapid urbanization and a growing middle-class population are two major drivers of the Indonesian real estate industry. As more people move from rural areas to cities in quest of better work prospects and living conditions, the demand for residential, commercial, and mixed-use real estate properties in cities like Jakarta, Surabaya, and Bandung has increased.

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.

The Indonesian commercial real estate market, valued at $21.04 billion in 2025, is projected for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 7.40% from 2025 to 2033. This expansion is fueled by several key drivers. Indonesia's burgeoning economy, coupled with increasing urbanization and a growing middle class, significantly boosts demand for office, retail, and industrial spaces. The rise of e-commerce is further accelerating demand for logistics facilities, while the hospitality sector benefits from a surge in both domestic and international tourism. Government initiatives aimed at infrastructure development and attracting foreign investment also play a crucial role. Key cities like Jakarta, Surabaya, and Semarang are experiencing the most significant growth, attracting both domestic and international investors. However, challenges such as fluctuating economic conditions, potential regulatory changes, and competition among developers need careful consideration. The market segmentation reveals strong growth across all types: offices, retail, industrial, logistics, multi-family dwellings, and hospitality. Major players like Agung Podomoro Land, Sinarmas Land, Ciputra Group, and Lippo Karawaci, alongside international firms like Cushman & Wakefield, are shaping the market landscape. The emergence of flexible workspace providers such as GoWork and UnionSpace indicates a shift in demand towards adaptable and cost-effective solutions. The forecast for the Indonesian commercial real estate market remains positive, with continued growth projected throughout the forecast period (2025-2033). However, strategic planning and adaptability will be essential for developers and investors to navigate the complexities of the market and successfully capitalize on the opportunities presented. This includes focusing on sustainable development practices, meeting evolving tenant demands, and carefully managing risk factors. The successful companies will be those that can effectively integrate technology, enhance operational efficiency, and build strong relationships with both tenants and investors. The market's diverse segments offer opportunities for various players, from large-scale developers to niche players focusing on specific property types or locations. 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.. Key drivers for this market are: Government Initiatives Promoting Affordable Housing, Economic Growth and Rising Disposable Incomes. Potential restraints include: Shortage of Skilled Labor, Fluctuating Construction Materials Costs. Notable trends are: The demand for office remains strong in the country.

Technological advancements in the Indonesia Residential Real Estate industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.

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.

Unlock data-backed intelligence on Indonesia Hospitality Real Estate Market, size at USD 1.7 billion in 2023, showcasing demand trends and future opportunities.

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.

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.

In 2024, approximately 480,000 workers were employed in the real estate industry in Indonesia. This indicates a slight increase in the number of workers from the previous year.

The Indonesia Commercial Real Estate report features an extensive regional analysis, identifying market penetration levels across major geographic areas. It highlights regional growth trends and opportunities, allowing businesses to tailor their market entry strategies and maximize growth in specific regions.

Additional FSI: Real Estate Markets: Commercial Real Estate Loans to Total Gross Loans data was reported at 14.936 Unit in Dec 2024. This records a decrease from the previous number of 15.042 Unit for Sep 2024. Additional FSI: Real Estate Markets: Commercial Real Estate Loans to Total Gross Loans data is updated quarterly, averaging 13.425 Unit from Jun 2005 (Median) to Dec 2024, with 60 observations. The data reached an all-time high of 15.450 Unit in Jun 2022 and a record low of 0.866 Unit in Jun 2005. Additional FSI: Real Estate Markets: Commercial Real Estate Loans to Total Gross Loans data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Monetary – Table ID.KAI004: Financial System Statistics: Financial Soundness Indicators: by Market Type.

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.