The Greater Jakarta's landed housing market thrives with wider options for buyers and more new development opportunities.
The landed housing market in Greater Jakarta remains a popular choice for both local and international developers and investors. With a healthy demand and continuing growth, this sector presents numerous opportunities for stakeholders.
Demand and growth hotspots
Within the landed housing market in Greater Jakarta, Tangerang takes the lead, contributing 52% of the total cumulative demand as of 2H23, followed by Bogor and Bekasi. Tangerang's attractiveness is attributed to its connectivity, reputable developers, and range of facilities, resulting in steady price growth. Notably, Bogor stands out with its connectivity and accessibility, while Depok thrives with ongoing developments. Bekasi retains its popularity due to its proximity to industrial estates, solidifying its position in the eastern region.Tangerang has witnessed the collaboration between prominent local developers like Alam Sutera, Astra Land, Intiland, Ciputra and Sinar Mas Land, along with esteemed foreign companies such as Hankyu Hanshin, Hongkong Land, Mitsubishi Corporation, Mitsubishi Estate Residence, Mitsui Fudosan, and Mitbana (Mitsubishi Corporation and Surbana Jurong). These alliances have paved the way for exciting new joint-venture projects, showcasing the market's dynamic nature. Other developments in other locations like Citra City Sentul, Citra Garden Serpong, Grand Duta City, Kota Podomoro Tenjo, Paradise Serpong City 2, Paramount Petals, Park Serpong, Summarecon Bogor, and Summarecon Crown Gading, illustrate the sector's vitality. Furthermore, several quieter townships have experienced a revival through the introduction of new clusters, further invigorating the market.
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