Jakarta Luxury Homes Rank 2nd in Asia Pacific

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  • Rencana Pembangunan Gedung Baru DPR RI. Gambar: dpr.go.id

    Rencana Pembangunan Gedung Baru DPR RI. Gambar: dpr.go.id

    TEMPO.CO, Jakarta - Property consultant Jones Lang LangSalle (JLL) said that the price growth of luxury homes in Jakarta has increased significantly. In quarter two, the capital's price growth for luxury homes was the second highest among major cities in the Asia-Pacific region. The first was Manila's.

    In the second quarter of 2015, Jakarta's prices for luxury residential properties grew 4.2 percent from the previous quarter. On a year-to-date basis, the increase was 10.4 percent.

    Vivin Harsanto, KLL's head of advisory, said that a strong domestic market allows for a high and stable price growth of luxury homes--including apartments and condos—in Jakarta. In spite of the slowing macroeconomic conditions, there is still a high demand and need for housing.

    Jones Lang LangSalle noted that out of Jakarta's 100,520 units of apartments, there is a 10 to 15 percent supply of luxury units with prices above Rp40 million per m2.