Why Jakarta industrial land prices are now slightly lower than in Q4 2024

Prices averaged USD175.19 per sqm in Q3.

According to a Colliers report, industrial land prices in Greater Jakarta this quarter averaged USD 175.19 per m², slightly lower than USD 182.90 in Q4 2024. This adjustment was primarily driven by significant depreciation of the Rupiah against the US Dollar, now at one of its highest levels.

“While USD prices declined, core regions such as Bekasi and Karawang maintained stable pricing due to strong demand and limited supply,” the report said.

Here’s more from Colliers:

Conversely, emerging corridors such as Purwakarta and Subang offer relatively more competitive pricing, making them attractive targets for developers and occupants. This trend is expected to continue, with average prices projected to reach USD 187.33 by end-2025, supported by demand from automotive, EV, and logistics sectors.

Most industrial estates across regions have not shown significant price growth over the past year, reflecting a more mature market in established areas like Bekasi and Karawang, where demand remains high but supply limitations constrain price movement.

Meanwhile, developing corridors such as Purwakarta and Subang continue to maintain competitive pricing, making them attractive alternatives for cost-sensitive occupiers and long-term investors. The combination of affordable pricing, large land availability, and improving infrastructure positions these corridors as high-potential areas for future development.