CBD leads Jakarta apartment price gains but growth remains uneven

Prices in the CBD grew by up to 3% in 2025.

Jakarta’s apartment market is showing early signs of price pressure, with modest but selective growth recorded across key areas, according to Colliers.

Colliers reports that prices in Q1 2026 edged up slightly, although increases remained uneven and largely confined to specific projects rather than the broader market. The consultancy notes that price growth is being driven primarily by end-user demand, as investors continue to channel capital into more liquid asset classes, limiting speculative pressure on residential values.

According to Colliers, meaningful appreciation is concentrated in developments that demonstrate clear construction progress and strong developer credibility. These factors remain critical in sustaining buyer confidence, particularly for under-construction projects.

Looking ahead, Colliers warns that rising geopolitical tensions could disrupt supply chains and push up construction costs. This is expected to place upward pressure on pricing for new units, with developers likely to pass on higher costs to buyers, especially in projects still under development.

Despite these emerging pressures, quarterly price growth across Jakarta remained below 1% in most areas. The CBD was a notable outlier, having recorded sharper gains of up to around 3% in 2025 before normalising closer to the market average in early 2026.

Colliers highlights that price movements in the CBD tend to reflect project-specific factors, such as the launch of new developments at higher price points, rather than broad-based demand strength.

Overall, Colliers concludes that Jakarta’s apartment price trajectory remains measured, with selective growth shaped by cost pressures, project quality, and end-user driven demand.