Property prices in Indonesia on the rise

According to the latest data from Bank Indonesia’s Property Price Index (IHPR), prices of new buildings have been rising steadily.

In the fourth quarter of 2023, new building prices increased by 1.74% compared to 2022. This increase was mainly driven by small properties, whose prices increased by 2.15 per cent, while prices of medium and large houses increased by 1.87% and 1.58%, respectively.

Bali apartments for sale 76 listings on Tranio

From $135,000

Prestigious residential complex with a good infrastructure in Canggu, Badung, Indonesia

Completion in: 2025.I Total of 148 apartments

From $192,000

Complex of apartments with 5-star services directly on the beach, Seseh, Bali, Indonesia

Total of 132 apartments

From $80,000

New business complex of offices and apartments, Tegallalang, Bali, Indonesia

Yield 13.0% Completion in: 2026

From $139,000

Hotel rooms for passive income in Uluwatu, Bali, Indonesia

Completion in: 2025.I Total of 250 apartments

From $160,000

New residential complex of apartments and townhouses in Nuanu, Bali, Indonesia

Completion in: 2025.II Total of 50 apartments

From $175,000

First class beachfront complex of villas and townhouses with a huge swimming pool and restaurants, Melasti, Bali, Indonesia

600 units in total

From $112,000

Apartments for rent in a developed aparthotel space, with yield from 12%, Ubud, Bali, Indonesia

Completion in: 2025.IV Total of 300 apartments

From $80,000

New residential complex with swimming pools, a spa and a restaurant near the ocean, Pererenan, Bali, Indonesia

Yield 11.0% Completion in: 2025

The report’s data showed that 10 out of the 18 cities surveyed recorded an increase in house prices in the fourth quarter of 2023. Pontianak, Banjarmasin and Manado saw a notable jump in property values, which rose by 3.57%, 0.70% and 0.32% year-on-year respectively.

Despite the increase in prices, sales in the property market are on the rise. The increase in sales applies to all types of properties, especially medium and large properties, with an increase of 6.29% year-on-year.

Source: Expat Life in Indonesia

Author: Julia Naymushina