Jakarta upper-luxury condo launches to remain limited in 2026

Blame it on subdued demand.

Developers are expected to keep launches of upper-luxury condominium projects to a minimum in 2026 as cautious buyer sentiment continues to weigh on the high-end residential market, according to global real estate consultancy JLL.

JLL said demand for upper-luxury high-rise homes remained subdued through 2025, prompting developers to delay new projects and focus on selling existing inventory. Purchasers have largely adopted a wait-and-see approach, holding back on big-ticket purchases until market conditions improve.

According to JLL, buyer confidence has also been dampened by strong competition from landed housing, which currently benefits from more favourable tax incentives compared with condominiums. As a result, the consultancy noted that sales activity in the luxury condominium segment has mainly been concentrated in well-located developments that are close to completion.

Reflecting the weak demand environment, no new upper-luxury condominium projects were launched in the final quarter of 2025, as developers sought to reduce risk by postponing high-rise developments.

However, several projects are scheduled to be completed in the coming months, including Savyavasa Tower 1 and Adriya Towers 1 & 2 in early 2026. Additional phases such as Savyavasa Towers 2 & 3 are expected to be handed over later in the year.

Despite the muted sales environment, JLL said condominium prices remained broadly stable toward the end of 2025 as developers prioritised maintaining price levels while offering incentives to attract buyers. These measures have included discounts, gift packages and more flexible payment schemes rather than outright price cuts.

Looking ahead, JLL expects the number of new upper-luxury condominium launches to remain negligible in 2026 due to weakened demand. At the same time, the pipeline of available projects is gradually shrinking as existing developments approach completion.

According to JLL, projects nearing completion — particularly those in prime locations — could begin to see price increases as their readiness for occupancy and limited remaining inventory enhance their appeal to prospective buyers.