Asking prices of Jakarta apartments inch up 0.3% in Q1

South Jakarta had the greatest price increase.

In Q1 2025, the overall asking price for apartments in Jakarta stood at IDR 35.77 million/sqm, reflecting a 0.1% QOQ and 0.3% YOY increase, according to a recent Colliers report. The most notable price appreciation was observed in South Jakarta, where several projects adjusted their prices by up to 6% at the beginning of the year.

This adjustment aligns with the recent handover of newly completed projects, a common trend where newly completed units see price escalations, particularly in the early months of the year.

Here’s more from Colliers:

To attract potential buyers, developers continue to offer various incentives. The most frequently offered promotions include free furnished vouchers, discounted booking fees, and 1-2 years of free service charges, complemented by the ongoing 100% VAT incentive. 

We also see several projects offer guaranteed returns, either in the form of a one-year rental guarantee—paid monthly—or a fixed cashback of IDR 5 million per month for two years, both serving to accommodate buyers looking to purchase the unit as part of their investment portfolio.

Looking ahead to 2027, we expect prices to experience stable growth within the 1-2% range. The most significant price increases are likely to persist in South Jakarta, supported by the area’s concentration of under-construction projects.