Jakarta to see 19 new residential projects in 2026

These projects will yield over 8,500 units.

In Q2 2024, no new apartment projects were completed or launched in Jakarta and the total supply remains steady at 226,815 units. 

According to Colliers, the lack of new project launches can be attributed to developers shifting their focus towards the development of landed housing projects, which have become the preferred choice for both investment and residential needs. 

Here’s more from Colliers:

The VAT incentive introduced in Q4 2023 has further influenced developers’ strategies, favouring the landed housing segment. Consequently, there has been a prioritisation of landed housing launches over the past few years. Within the apartment sector, developers are concentrating on selling their existing projects to maximise the ongoing VAT incentive and reduce inventory. 

Looking ahead to 2026, we expect the completion of 19 projects comprising 8,524 units. Of these, nine projects are expected to be handed over in stages throughout the remaining quarters of 2024, primarily concentrated in the Cilandak area, South Jakarta. Our on-ground check indicates that there are plans to relaunch several previously on-hold projects next year. This development could bring positive sentiment to the apartment market for the upcoming year, following the formation of the new cabinet.