Every quarter, Colliers provides research reports that can be downloaded for free. From our research report, you can obtain key market information from demographics, trends, and forecast reports about each different property sector. Here we provide you a research report about the apartment sector in Jakarta.
Going forward, the pipeline of new apartment units will be significant. During Q1 2017, a total of 59,017 apartment units were under construction of which 21,167 units are expected to reach completion before the end of 2017, followed by 28,303 and 9,547 units in 2018 and 2019, respectively. The annual sales of apartments in Jakarta continue to increase, but at a slower rate than in the past. The cumulative take-up rate for existing and under construction projects dropped modestly this quarter to 85.9%. Meanwhile, the average apartment price in Jakarta was set at IDR32.1 million/sq m, slightly up by 1.4% QoQ.
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