29,000 unsold apartment units remain in Jakarta as of Q1 2026, Colliers reports
Jakarta, Thekabarnews.com—There are still thousands of unsold apartments in Jakarta. This situation means that the real estate market in Indonesia is still having problems. This situation means that...
Jakarta, Thekabarnews.com—There are still thousands of unsold apartments in Jakarta. This situation means that the real estate market in Indonesia is still having problems. This situation means that the capital still has too many homes for sale.
Colliers Indonesia says that by the end of the first quarter of 2026, the Greater Jakarta area still had about 29,000 apartment units remaining to be taken in. Moreover, the data shows that it is still difficult to find a balance between supply and demand in the city’s real estate market.
Colliers Indonesia’s research head, Ferry Salanto, said most unsold units are move-in-ready apartments. People who buy these units get incentives from the government, which is both a problem and an opportunity.
“If we look at the numbers, there were about 206,000 total absorbed units by the first quarter of 2026. There are still about 29,000 units that have not sold,” Ferry said at a press conference in Jakarta, Wednesday, April 8.
The ready-to-use units are available right away, and buyers can take advantage of the government’s tax incentive program. This program includes the value-added tax (PPN DTP) that the government will pay in 2026. The government made this policy to help the housing market and sell more homes. This initiative is important as demand slows down.
The market has not fully recovered yet, even with these incentives. Sales are slow because people are being careful with their money. Interest rates are high, and buyers are moving away from apartments and toward houses with land.
The oversupply also shows how tirelessly developers worked in the last few years. During that time, they started big apartment projects because they thought cities would need a lot of them. Since then, though, the market has changed. As a result, there are still many units that have not sold.
Real estate experts suggest developers should improve flexibility in pricing and financing to attract buyers. For example, this could involve lowering prices, offering promotions, or repositioning products. It might also help to speed things up if obtaining a loan were easier. Additionally, if the benefits of living in an apartment were clearer, it might increase interest.
The Jakarta market is a beneficial way to get a sense of how the rest of Indonesia’s real estate market is doing. The government’s stimulus measures closely track to see if things like PPN DTP will really help get rid of the extra stock.
Although the market remains under pressure, experts believe coordinated policy support and developer strategies can gradually stabilize supply and demand in the years ahead.
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