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View all search resultsJakarta’s apartment supply sees steep decline in 2025
A report from property consultancy Colliers Indonesia shows that only around 2200 units were added to the apartment supply in the capital last year, marking a significant drop from some 4,000 new units that had entered the market in 2024.
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A man walks past the Sentra Mulya Jaya low-cost apartment building on Jan. 26, 2024, in Cipayung, East Jakarta. (Antara/Asprilla Dwi Adha)
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ew apartment supply in Jakarta declined significantly in 2025 as developers delayed completion and a value-added tax (VAT) incentive for residential property purchases proved ineffective in stimulating the sector, according to Colliers Indonesia.
The property consultancy’s latest report shows that only around 2200 units were added to apartment supply in the capital last year, marking a significant drop from some 4,000 new units that had entered the market in 2024.
Speaking at a virtual press conference on Wednesday, Colliers Indonesia head of research Ferry Salanto attributed the sluggish supply growth to delays of many construction projects, with developers shifting completion dates last year to this year.
However, he noted that the slowdown had helped prevent oversupply in the capital’s real estate market.
“Jakarta’s apartment market gradually stabilized throughout 2025. It’s not booming, but also not under pressure. It’s considerably moderate,” Ferry said.
Read also: VAT waiver to have little effect on apartment sales this year: Colliers
The government has extended to the end of 2026 a partial VAT waiver for residential property purchases, but Ferry said the stimulus had yet to show effect in boosting apartment sales.
