Guess how many new apartment units will be completed in Jakarta until 2026

There will be nearly 23,000 units to be added to the city’s supply.

The total supply of strata-title apartments has reached 220,451 units as of 4Q 2022 according to a Colliers report, an increase of 0.3% QOQ and 0.4% YOY. This quarter saw the completion and handover of two new projects – The Stature Jakarta and 57 Promenade, totaling 592 units.

Aside from that, one project, Astha Kemang (formerly Synthesis Residence Kemang), was rebranded and is expected to be completed in July 2024 after a one-year hiatus. 

Here’s more from Colliers:

Some projects expected to be completed by 4Q 2022 failed to meet their deadline, accounting for approximately 75% of the total expected 5,936 units. Most of these postponed projects are expected to be finished by next year. As a result, the expected supply from 2023 to 2026 is 22,919 units.

Up until this year, West Jakarta dominated the supply of new apartments in Jakarta, with most projects located around the Kembangan area, where the Kembangan interchange connects the Jakarta Outer Ring Road and Jakarta-Tangerang Toll Road. South Jakarta and East Jakarta will contribute 2% and 3% more apartment projects over the next three years, respectively. 

Moreover, we see that the future supply of apartment buildings in both South Jakarta and East Jakarta is located near transit-oriented developments, such as the Fatmawati MRT station and the Ciracas LRT station.