Upper-luxury condo launches in Jakarta to remain negligible this year

Blame it on weakened demand.

According to a JLL report, the pipeline of new upper-luxury high-rise residential launches in Jakarta is projected to remain negligible in 2026 due to weakened demand. At the same time, current market supply is tightening as several developments near the end of construction.

“Condominium prices are expected to increase gradually once market confidence rebounds and buyer sentiment strengthens,” the report said.

Here’s more from JLL:

Upper-luxury condominiums continued experiencing challenges in Q1 2026. Sales were primarily driven by end-users who favoured completed units. However, uncompleted units in strategic locations also performed well.

The market continues showing restraint, preferring to postpone commitments until conditions improve. Buyer confidence has also suffered from landed home alternatives, which local buyers find more attractive than condominiums.

Two projects, Savyavasa and Adriya, completed in the quarter

Two projects were completed this quarter, Savyavasa in South Jakarta and Adriya in North Jakarta. With these completions, the number of available developments in the active market is diminishing.
No new condominiums were launched this quarter due to insufficient demand. Developers are deferring new high-rise developments to avoid risk in the soft market.

Condominium prices generally remain stable

Condominium prices generally held steady in the first quarter of 2026 as demand remained subdued, although the upper and luxury segments saw slight increases following project completions.

Developers are prioritising sales incentives over price increases, offering discounts, promotional packages and adaptable payment terms to attract buyers.