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
Curious about the future of Jakarta's real estate market? You're not alone. As the city continues to grow and evolve, many are wondering what apartment prices will look like in 2025.
Will prices soar, or will they stabilize? What factors are influencing these changes, and how can you prepare for them?
In this article, we'll explore the projected trends and provide insights into what you can expect in the coming years.
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
Estimated Average Apartment Prices in Jakarta by 2025
The following table provides estimated average apartment prices in Jakarta for the year 2025, categorized by area and measured in both square meters (sqm) and square feet (sft). These estimates are based on current trends and market analysis.
Area | Price per sqm (IDR) | Price per sft (IDR) |
---|---|---|
Central Jakarta | 35,000,000 - 45,000,000 | 3,250,000 - 4,180,000 |
South Jakarta | 30,000,000 - 40,000,000 | 2,790,000 - 3,720,000 |
North Jakarta | 25,000,000 - 35,000,000 | 2,320,000 - 3,250,000 |
West Jakarta | 20,000,000 - 30,000,000 | 1,860,000 - 2,790,000 |
East Jakarta | 18,000,000 - 28,000,000 | 1,670,000 - 2,600,000 |
Kemang | 32,000,000 - 42,000,000 | 2,970,000 - 3,900,000 |
Kuningan | 34,000,000 - 44,000,000 | 3,160,000 - 4,090,000 |
Menteng | 36,000,000 - 46,000,000 | 3,350,000 - 4,280,000 |
Kelapa Gading | 28,000,000 - 38,000,000 | 2,600,000 - 3,530,000 |
Pondok Indah | 33,000,000 - 43,000,000 | 3,070,000 - 4,000,000 |
Pluit | 27,000,000 - 37,000,000 | 2,510,000 - 3,440,000 |
Senayan | 31,000,000 - 41,000,000 | 2,880,000 - 3,810,000 |
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What You Need to Know Before Buying an Apartment in Jakarta in 2025
What is the average price per square meter for apartments in Jakarta in 2025?
The average price per square meter for apartments in Jakarta in 2025 is estimated to be around IDR 25 million.
This figure can vary significantly depending on the location, with central areas being more expensive.
Prices have been influenced by recent infrastructure developments and economic growth in the region.
How do apartment prices in Jakarta compare to other major cities in Indonesia?
Apartment prices in Jakarta are generally higher than in other major Indonesian cities like Surabaya and Bandung.
In 2025, Jakarta's prices are expected to be 20% to 30% higher than those in Surabaya.
This is due to Jakarta's status as the capital city and its economic opportunities.
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What are the expected trends for apartment prices in Jakarta over the next five years?
Apartment prices in Jakarta are expected to increase by 5% to 7% annually over the next five years.
This growth is driven by urbanization, population growth, and increased demand for housing.
However, economic fluctuations and government policies could impact these trends.
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Are there any government incentives for buying property in Jakarta?
The Indonesian government offers several incentives for property buyers, including reduced taxes for first-time buyers.
In 2025, there are also plans to introduce subsidies for eco-friendly housing projects.
These incentives aim to stimulate the real estate market and promote sustainable development.
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=> What are the legal requirements for buying property in Jakarta?
What are the most popular areas for buying apartments in Jakarta?
Popular areas for buying apartments in Jakarta include South Jakarta, Central Jakarta, and West Jakarta.
These areas are favored due to their proximity to business districts, amenities, and transportation links.
Each area offers a unique lifestyle, catering to different preferences and budgets.
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What is the rental yield for apartments in Jakarta?
The rental yield for apartments in Jakarta is typically around 5% to 6% annually.
This yield can vary based on location, property type, and market conditions.
Investors often consider rental yield when evaluating the potential return on investment.
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How does the availability of public transportation affect apartment prices in Jakarta?
Proximity to public transportation, such as MRT and TransJakarta bus lines, significantly impacts apartment prices.
Properties near major transit hubs can command a premium of 10% to 15% over those further away.
This is due to the convenience and reduced commuting times offered by these locations.
What are the common financing options for purchasing an apartment in Jakarta?
Common financing options include bank mortgages, developer financing, and government-backed loans.
In 2025, interest rates for mortgages are expected to be around 7% to 9% annually.
Buyers should compare different financing options to find the most suitable terms.
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What are the legal requirements for foreign buyers purchasing property in Jakarta?
Foreign buyers can purchase apartments in Jakarta under a "Right to Use" title, which is valid for up to 80 years.
They must comply with regulations set by the Indonesian government, including minimum property value thresholds.
Legal advice is recommended to navigate the complexities of property ownership for foreigners.
How does the quality of life in Jakarta influence apartment prices?
The quality of life, including factors like air quality, traffic congestion, and access to amenities, affects apartment prices.
Areas with better infrastructure and services tend to have higher property values.
Buyers often weigh these factors when choosing a location to invest in.
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What are the maintenance costs associated with owning an apartment in Jakarta?
Maintenance costs for apartments in Jakarta typically range from IDR 50,000 to IDR 100,000 per square meter annually.
These costs cover services like security, cleaning, and facility upkeep.
Owners should budget for these expenses when considering the total cost of ownership.
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How does the economic outlook for Indonesia impact the real estate market in Jakarta?
The economic outlook for Indonesia, including GDP growth and inflation rates, directly impacts the real estate market in Jakarta.
Positive economic indicators can lead to increased demand and higher property prices.
Conversely, economic downturns may result in slower market growth and price stabilization.