Authored by the expert who managed and guided the team behind the Indonesia Property Pack
Yes, the analysis of Jakarta's property market is included in our pack
If you're considering moving to Jakarta or investing in property there, understanding the costs involved is crucial.
One of the key expenses to be aware of is the apartment maintenance fee. But what exactly does this fee cover? How much should you expect to pay? Are there ways to reduce these costs?
In this article, we'll break down everything you need to know about apartment maintenance fees in Jakarta.
Actually, we know this market inside and out. We keep tabs on it regularly, and all our discoveries are reflected in the most recent version of the Indonesia Property Pack
The Recurring Expenses When You Own an Apartment in Jakarta
Here is a detailed overview of the maintenance fees for an apartment in Jakarta.
- Service Charges:
In Jakarta, apartment owners are required to pay service charges, which cover the maintenance of common areas, building upkeep, security, amenities, and waste disposal. These charges typically range from IDR 50,000 to IDR 150,000 per square meter per month. The variation depends on the location, type of property, and the amenities offered by the building.
- Electricity and Water Bills:
Utility costs in Jakarta can vary significantly based on the size of the apartment and usage. On average, electricity and water bills for a standard two-bedroom apartment can range from IDR 1,000,000 to IDR 2,500,000 per month. These costs can increase during hotter months due to higher air conditioning usage.
- Maintenance Fees:
Regular maintenance fees are essential for the upkeep of the property. In Jakarta, these fees can range from IDR 30,000 to IDR 100,000 per square meter annually. The fees cover general repairs, maintenance of common areas, and other necessary services to ensure the property remains in good condition.
- Parking Fees:
For those who own a vehicle, parking fees are an additional cost to consider. In Jakarta, parking fees can range from IDR 500,000 to IDR 1,500,000 per month, depending on the location and the facilities provided by the apartment complex.
- Internet and Cable TV:
Internet and cable TV are common utilities for most residents. The average cost for these services ranges from IDR 300,000 to IDR 800,000 per month, depending on the package and provider chosen.
Don't lose money on your property in Indonesia
100% of people who have lost money in Indonesia have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.
What You Need to Know Before Buying an Apartment in Jakarta
What are the typical maintenance fees for apartments in Jakarta?
Maintenance fees for apartments in Jakarta typically range from IDR 15,000 to IDR 50,000 per square meter per month.
The fees can vary significantly depending on the location, facilities, and age of the building.
Luxury apartments with extensive amenities tend to have higher maintenance fees.
How are maintenance fees calculated for apartments in Jakarta?
Maintenance fees are generally calculated based on the size of the apartment, measured in square meters.
Additional factors such as the number of shared facilities and the level of service provided can also influence the fees.
It's important to review the fee structure in the property's management agreement before purchasing.
What do maintenance fees typically cover in Jakarta apartments?
Maintenance fees usually cover the upkeep of common areas such as lobbies, gardens, and swimming pools.
They also include security services, cleaning, and sometimes utilities for shared spaces.
Some buildings may include additional services like gym maintenance or pest control in their fees.
Are maintenance fees in Jakarta apartments negotiable?
Maintenance fees are generally set by the building management and are not negotiable.
However, residents can sometimes influence fee adjustments through the building's residents' association.
It's advisable to participate in these associations to have a say in how fees are allocated and adjusted.
How often are maintenance fees reviewed or adjusted?
Maintenance fees are typically reviewed on an annual basis by the building management.
Adjustments may be made to account for inflation, increased operational costs, or improvements in services.
Residents are usually informed of any changes well in advance of the new fee structure being implemented.
Buying real estate in Indonesia can be risky
An increasing number of foreign investors are showing interest in Indonesia. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
What is the average annual increase in maintenance fees for Jakarta apartments?
The average annual increase in maintenance fees for Jakarta apartments is around 5% to 10%.
This increase is often due to rising operational costs and inflation.
It's important to budget for these potential increases when considering the long-term costs of apartment ownership.
Want to explore this further?
How do maintenance fees in Jakarta compare to other major cities in Indonesia?
Maintenance fees in Jakarta are generally higher than in other major Indonesian cities like Surabaya or Bandung.
This is due to Jakarta's higher cost of living and the demand for premium facilities and services.
However, the fees are still considered reasonable compared to other Southeast Asian capitals.
Want to explore this further?
What happens if I don't pay my maintenance fees on time?
Failure to pay maintenance fees on time can result in penalties or interest charges.
Persistent non-payment may lead to restrictions on the use of common facilities or legal action by the building management.
It's crucial to stay current with payments to avoid these complications.
Can maintenance fees affect the resale value of an apartment in Jakarta?
High maintenance fees can potentially deter buyers, affecting the resale value of an apartment.
Conversely, well-maintained buildings with reasonable fees can enhance the property's appeal and value.
Prospective buyers often consider the balance between fees and the quality of services provided.
Want to explore this further?
=> What is the potential rental income from Jakarta apartments?
Are there any additional costs associated with maintenance fees?
In addition to regular maintenance fees, there may be special assessments for major repairs or upgrades.
These assessments are typically decided by the building management and require approval from the residents' association.
It's important to inquire about any upcoming assessments when considering a property purchase.
Want to explore this further?
How do I find out the maintenance fee history for a specific apartment building?
Prospective buyers can request maintenance fee history from the building management or the property developer.
This information can provide insights into past fee adjustments and the financial health of the building.
It's also helpful to speak with current residents about their experiences with fee changes.
What role does the residents' association play in determining maintenance fees?
The residents' association often collaborates with building management to review and approve maintenance fees.
They represent the interests of the residents and can influence decisions on budget allocations and fee adjustments.
Active participation in the association can provide residents with a voice in how their fees are managed.