Jakarta to Add 5,000 New Apartment Units by 2027
Over Half Will Be Ready in 2025, with South Jakarta Leading the Way
Jakarta’s apartment market is entering a fresh growth phase. Nearly 5,000 new units are set for completion by 2027. According to Colliers’ Q1 2025 residential property report, developers are shifting away from launching new projects. Instead, they are focusing on completing and selling existing stock. This change aligns with the Indonesian government’s move to extend VAT incentives through the end of 2025. These incentives mainly benefit completed units, making them more attractive to buyers.
Developers Shift Focus to Project Completion
In early 2025, Jakarta saw no new apartment launches. Developers also showed no signs of reviving paused projects. This cautious stance reflects a clear strategy: prioritize the sale and handover of ongoing developments.
The extended VAT incentive, first introduced in 2024 and now carried into 2025, has played a key role. It gives buyers greater savings on completed properties, pushing developers to finish what’s already in the pipeline.
Q1 2025: Major Growth in South Jakarta
Two notable projects in South Jakarta entered the handover phase in Q1 2025:
- Apple 3 Condovilla
- The Veranda Resort Residence (Jimbaran Tower)
Together, these projects added 708 new units to Jakarta’s housing supply. This pushed the city’s total apartment stock to 230,755 units—a 0.3% increase from the previous quarter and a 1.7% rise year-on-year.
What’s Ahead: 4,861 Units by 2027
From now through 2027, developers plan to complete and deliver 4,861 apartment units. The timeline breaks down as follows:
- 2025: 51% (~2,480 units)
- 2026: 25%
- 2027: 24%
This staggered rollout will maintain a steady flow of new units while avoiding oversupply. As a result, the market is better positioned to meet real demand.
South Jakarta Leads Future Deliveries
Looking ahead, South Jakarta is set to receive 72% of all new units between now and 2027. This concentration reflects developer confidence in the area’s strong infrastructure, solid connectivity, and consistent buyer interest—especially from upper-middle-class residents and investors.
In contrast, West Jakarta currently holds the largest share of apartment supply at 24%. However, this figure is expected to remain stable. Meanwhile, South Jakarta’s share will likely grow from 20% to 21% by 2027. This subtle shift signals a new direction in urban development across Jakarta.
Key Takeaways for Buyers and Investors
- No new projects launched in early 2025—a clear pivot to existing developments.
- VAT incentives favor ready-to-move-in apartments, encouraging faster handovers.
- South Jakarta is emerging as the leading zone for future apartment supply.
- A total of 4,861 new units will enter the market by 2027, offering fresh options.
- Jakarta’s apartment map is gradually evolving, creating new investment zones.
Outlook: Strategic and Stable Growth Ahead
Jakarta’s apartment market is moving toward stability. Developers are shifting away from speculative launches to focus on delivering ready units. This strategy matches current market demand more closely.
South Jakarta’s rising share of future supply highlights its growing importance. With government incentives still in place, and developers responding with handover-ready units, 2025 could become a turning point. For buyers and investors seeking both value and timing, this may be the ideal moment to act—especially in high-potential areas like South Jakarta.specially in areas poised for delivery this year.
Discover more about real estate news and promotions at propertynewsasia.com.
