Guess which region in Jakarta recorded the least apartment price growth

Overall, apartment prices in the city rose by less than 1%.

In Q2 2025, the average asking price for apartments in Jakarta stood at IDR 35.9 million per sqm, reflecting a year-on-year increase of less than 1%, according to a report from Colliers.

“South Jakarta, which had already seen price adjustments earlier in the year, recorded the least movement in pricing, particularly within the upper-middle market segment. This stabilization limited further price growth during the quarter,” the report said.

Here’s more from Colliers:

More significant price increases were observed in the CBD and non-South Jakarta areas. In the CBD, average prices rose to IDR 53 million per sqm, showing a slight increase from Q1 2025. This uptick was driven by growing demand and the introduction of new supply. In suburban areas, upcoming handovers spurred sales activity, resulting in stronger price adjustments.

This shift in focus from both buyers and developers toward secondary areas has increased transaction volumes and triggered a pricing catch-up effect, gradually aligning these areas with established benchmarks seen in the CBD and South Jakarta. As of Q2 2025, the average price in non-prime areas reached IDR 27 million per sqm, a moderate increase compared to the previous quarter.

To attract potential buyers, developers maintained a consistent incentive strategy, offering fully furnished units or vouchers for furniture and electronics, in addition to waived service charges (IPL) and VAT incentives. However, by the end of H1 2025, there was a notable shift in promotional messaging as the VAT incentive was reduced from 100% to 50%.