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Property Market Report | Q4 2018 Jakarta Expatriate Housing

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2018 continued to be a tenant market, as the working contracts of long-term expatriates expired and the number of expatriates working in sectors that were previously well-populated by them diminished. As a result, most of the landlords, particularly owners of stand-alone houses, are becoming more cooperative and more accommodative in offering flexible lease terms and entertaining additional requests related to the renovations, improvements and inclusive features of the house.

On the other hand, the significant influx of Chinese expatriates did not have a noticeable impact on the overall rental market, because most Chinese workers normally come to Indonesia alone, leaving their families overseas and preferring to live in individual apartments or even kost-kostans (low cost, small rental houses) near their workplace. 


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Property Market Report | Q4 2018 Jakarta Expatriate Housing

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Ferry Salanto

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