How big is the Indonesia Real Estate Market | Growth, Size & Insights 2031

What is the growth rate of the Indonesia Real Estate Market?

The market is expected to expand steadily due to rapid urbanization, rising middle-class income, large-scale infrastructure projects, and increasing foreign direct investments (FDIs) in residential and commercial developments.

Key Growth Drivers of the Indonesia Real Estate Market

• Rapid urbanization and population growth
• Government-backed smart city and housing initiatives
• Rising disposable incomes and housing demand
• Expansion of tourism and hospitality sectors
• Increased FDI inflow in commercial and industrial real estate

Indonesia Real Estate Market Trends

Indonesia real estate market is evolving with increasing interest in mixed-use developments that combine residential, retail, and office spaces. There is an increase in the need of sustainable and green-certified buildings, particularly in the big cities such as Jakarta, Surabaya, and Bandung. Protech is altering the experience that people have of buying property, and co-living and co-working spaces are becoming increasingly popular with millennials and young professionals. Besides, property developers are using online platforms to conduct the tour of properties virtually and making bookings online.

Emerging Developments in the Indonesia Real Estate Market

The affordable housing segment is undergoing a transformation with the government planning to construct more than a million houses yearly under the government program, “One Million Houses”. Among the greatest developers, the concepts of ESG (Environmental, Social, and Governance) are being incorporated into the newly conceived projects. There is also an increasing number of investments in real estate investment trusts (REITs) and with the increased number of infrastructure projects such as the Nusantara Capital City, there stands a real chance that land and property demands might increase drastically.

List of Leading Companies in the Indonesia Real Estate Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Ciputra Development Tbk

One of Indonesia’s largest diversified property developers, engaged in residential townships, commercial centres, and hospitality projects.

2. PT Lippo Karawaci Tbk

A leading integrated property company with interests in townships, hospitals, retail malls, and hotels across Indonesia.

3. Agung Podomoro Group

Specializes in urban development projects, apartments, malls, and commercial properties with a strong presence in Jakarta.

4. Sinar Mas Land

Operates large-scale urban development and smart city projects across the country with a focus on sustainability.

5. Summarecon Agung Tbk

Notable for developing self-sustained townships with integrated commercial and residential spaces.

6. Paku won Group

Develops high-end mixed-use properties including malls, office towers, and apartments, especially in Jakarta and Surabaya.

7. Intiland Development Tbk

Focuses on innovative residential and commercial property developments, known for sustainable urban planning.

8. PT Alam Sutera Realty Tbk

Developer of integrated township and real estate projects in the Greater Jakarta region.

9. PT PP Properti Tbk

A state-owned enterprise engaged in residential apartments, commercial properties, and education-based developments.

10. PT BSD Tbk (Bumi Serpong Damai)

Developer of BSD City, one of Indonesia’s largest integrated smart cities, with residential, commercial, and lifestyle hubs.

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