Jakarta, Indonesia
Property prices · 2024 · Asia
Property price trend in Jakarta (2024–2026)
Property comparison — cities in Indonesia (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Jakarta |
|---|---|---|---|---|
| Jakarta | IDR 28,000,000 | IDR 18,000,000 | IDR 5,500,000 | — |
| Bali | IDR 35,000,000 | IDR 24,000,000 | IDR 5,500,000 | +25% |
| Surabaya | IDR 22,000,000 | IDR 15,000,000 | IDR 3,800,000 | -21.4% |
| Yogyakarta | IDR 14,000,000 | IDR 9,500,000 | IDR 2,500,000 | -50% |
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Jakarta in 2024?
In Jakarta, the average price per sqm in the city centre is IDR 28,000,000, and IDR 18,000,000 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Jakarta in 2024?
A 1-bedroom apartment in Jakarta rents for approximately IDR 5,500,000 per month in 2024. A 3-bedroom apartment costs around IDR 10,000,000/month.
Is it better to buy or rent in Jakarta?
Buying may offer better long-term value in Jakarta. The price-to-rent ratio is 14.0x — it would take approximately 14.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 10.50%.
What are mortgage rates in Indonesia in 2024?
The average mortgage rate in Indonesia is approximately 10.50% as of 2024. With a price-to-rent ratio of 14.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Jakarta?
The average property price per square metre in Jakarta city centre is IDR 28,000,000 in 2024. Outside the centre, expect to pay around IDR 18,000,000/sqm.