Jakarta to see 435 new serviced apartments by Q3

Mixed-use projects to drive serviced apartment supply in the city.

Jakarta’s serviced apartment market saw no new supply in Q1 2026, reflecting an ongoing pause in development activity, according to Colliers.

Colliers notes that while short-term supply remains limited, new stock is on the horizon. Two projects operated by Ascott have recently topped off and are expected to deliver around 435 units by Q3 2026, signalling construction progress and a gradual pipeline recovery.

The consultancy highlights that purpose-built serviced apartment developments will remain scarce through 2026 and 2027. However, supply is not entirely stagnant, as serviced apartment components within mixed-use developments continue to emerge, particularly in Jakarta’s CBD.

According to Colliers, integrated schemes that combine residential, office, and commercial elements are increasingly favoured by developers. These projects are helping to supplement serviced apartment inventory, especially in prime locations catering to corporate and expatriate tenants.

Overall, Colliers indicates that while near-term supply remains constrained, Jakarta’s serviced apartment pipeline is set to expand gradually, supported by mixed-use development trends.