Jakarta may seem like a concrete jungle to most people. However, some villas in Jakarta offer a calm and tranquil experience for a break from the fast-paced city. Residential properties continue to receive positive responses in 2023. So whether you want it as a temporary vacation place or a real estate investment, here is what you need to know about the cost of buying a house in Jakarta.
How much does a house in Jakarta cost?
The cost of a house or villa in Jakarta can vary greatly depending on various factors such as location, size, amenities, and condition. Generally, villas in Jakarta cost an average of IDR 17.7 million ($1,115) per square meter.
The cost of maintaining a villa in Jakarta can also be relatively high due to expenses such as security, gardening, and utilities. It’s essential to consult with a real estate agent or conduct thorough research to understand the cost of a villa in Jakarta.
House prices in Jakarta per area and neighborhood
The best places to buy property in Jakarta depend on individual preferences and priorities. However, some areas are considered more desirable due to their location, amenities, and infrastructure. Below, you will find the property and land prices in Jakarta for each area, district, and neighborhood.
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South Jakarta
South Jakarta is known for its upscale residential areas, such as Pondok Indah and Kemang, which offer a high standard of living, proximity to international schools, and easy access to business districts.
House and land prices in South Jakarta
| Average buy price | Average price/sqm | Average rent price | |
|---|---|---|---|
| Villa | IDR 1.8 billion ($113,400) | IDR 14 million ($882) | IDR 65.7 million ($4,139) |
| Land | IDR 2.3 billion ($144,900) | IDR 9 million ($567) | IDR 218 million ($13,734) |
West Jakarta
West Jakarta is an emerging area with many new residential developments and commercial centers, making it a good option for those seeking modern amenities.
House and land prices in West Jakarta
| Average buy price | Average price/sqm | Average rent price | |
|---|---|---|---|
| Villa | IDR 2.2 billion ($138,600) | IDR 15 million ($945) | IDR 60 million ($3,780) |
| Land | IDR 4 billion ($252,000) | IDR 14.8 million ($932) | – |
North Jakarta
North Jakarta is a coastal area of the city home to around 2 million people. It is known for its bustling port, maritime industry, and diverse communities. Some popular attractions include the Ancol Dreamland complex, which features amusement parks, beaches, and a marina, and the historic Sunda Kelapa port, which dates back to the 16th century.
House and land prices in North Jakarta
| Average buy price | Average price/sqm | Average rent price | |
|---|---|---|---|
| Villa | IDR 3.5 billion ($220,500) | IDR 19 million ($1,197) | IDR 76 million ($4,788) |
| Land | IDR 4 billion ($252,000) | IDR 12.6 million ($794) | IDR 470 million ($29,610) |
Central Jakarta
Central Jakarta is the heart of Jakarta and the capital city of Indonesia. It is home to the presidential palace, national monuments, government offices, and major commercial centers. Central Jakarta is also a cultural hub, with many museums, theaters, and art galleries showcasing Indonesia’s rich history and heritage.
House and land prices in Central Jakarta
| Average buy price | Average price/sqm | Average rent price | |
|---|---|---|---|
| Villa | IDR 3.8 billion ($239,400) | IDR 18.7 million ($1,178) | IDR 76 million ($4,788) |
| Land | IDR 4 billion ($252,000) | IDR 24.6 million ($1,550) | – |
East Jakarta
East Jakarta is more affordable and has a growing middle-class population, making it a good choice for those seeking lower-priced properties.
House and land prices in East Jakarta
| Average buy price | Average price/sqm | Average rent price | |
|---|---|---|---|
| Villa | IDR 1.8 billion ($113,400) | IDR 14 million ($882) | IDR 65.7 million ($4,139) |
| Land | IDR 2.4 billion ($151,200) | IDR 9 million ($567) | IDR 219 million ($13,797) |
What is the average property rental yield in Jakarta?
It is important to note that rental yields vary widely and are influenced by market conditions, demand, and property type. To find the average yield, check out the Jakarta property ROI guide.
Calculate the building costs of your property in Jakarta
Proper planning and research make it possible to accurately estimate the construction costs for property in Jakarta. Some key factors to consider include the land’s location, the villa’s size, the materials’ quality, and the labor costs. By breaking down each cost element and creating a budget, you can better understand the total cost of building the home of your dreams in Jakarta. To help with this process, our online calculator can assist in estimating the costs based on your specific needs and preferences.
Buy property in Jakarta with Own Property Abroad
Do you want to buy a house in Jakarta? Own Property Abroad can assist you and ensure a seamless and hassle-free property journey. Thanks to our extensive knowledge and local experience in Jakarta, we can help with legal requirements, finding suitable properties, negotiating the best deals, and conducting due diligence.
With our expert team, you won’t have to navigate the complexities of the real estate market in Jakarta alone. For further information on how we can assist you, kindly drop your details below or email us at [email protected]. Let’s start working on your property success story today!
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Frequently Asked Questions (FAQs)
Are houses in Jakarta expensive?
As Jakarta’s capital and central business hub, houses in Jakarta are generally more expensive than those in neighboring cities.
Why are houses in Jakarta so expensive?
Houses in Jakarta can be expensive because of the high land prices. In addition, as the country’s central economic hub, businesses are found in the city, which contributes to the high demand for office spaces and accommodation.
Can you rent out your villa in Jakarta?
Yes! You can rent out your villa. However, you must comply with local regulations and possess the licenses and permits to rent your property legally. It is essential to consult a lawyer or real estate agent to ensure compliance.
What is the land price in Jakarta?
The house price in Jakarta is different for each area, ranging from an average of IDR 9 million ($567) per square meter to IDR 24.6 million ($1,550) per square meter.
What is the house price in Jakarta?
The house price in Jakarta is different for each area, ranging from IDR 1.8 billion ($113,400) to IDR 3.8 billion ($239,400).
