Two serviced apartments in Jakarta scheduled for completion in the next two years

Occupancy rates are expected to remain stable throughout 2025.

The serviced apartment segment in Jakarta expanded in Q3 2025 with the openings of Citadines Antasari and Ascott Menteng, adding 236 new units to supply, according to data from a recent Colliers report.

Looking ahead, two more projects are scheduled: Oakwood Slipi in 2026 and Capri by Fraser in 2027.

Here’s more from Colliers:

Most serviced apartments reported higher occupancy rates as the post-holiday season ended, helping to stabilize the market. This trend is expected to continue through the end of 2025. However, the influx of new supply tempered overall growth, with South Jakarta recording a slight decline in occupancy.

Given the segment’s reliance on government and international demand—particularly from expatriates from Europe and Asia—operators continue to adopt competitive strategies to sustain market appeal. In Q3 2025, serviced apartments increasingly sought to compete with un-serviced units by: 
• Aligning rental prices more closely with standard (un-serviced )apartments. 
• Upgrading facilities to better support daily needs.
• Offerings limited-service packages to reduce costs and appeal to a wider range of tenants.

Resident preferences also vary depending on whether they relocate alone or with family. Single occupants tend to prioritize locations near workplaces and transportation hubs, while family residents place additional emphasis on proximity to schools and other family-oriented amenities.