With the influx of local property buyers into the country, the best construction companies in Indonesia are striving to meet the discerning demands of overseas investors and offer high-quality, modern housing. In off-plan and completed residential complexes, you can find apartments of different sizes, townhouses, and villas. A variety of real estate types allows you to choose the best option for any budget and goals. You can choose apartments as an investment or purchase a villa in Indonesia for relocation.
Housing prices in the country are significantly lower than in resort cities in Europe and Asia. Moreover, real estate is in demand throughout the year, which makes investments potentially profitable. Our website contains residences directly from developers. You can buy a move-in ready or off-plan property. Investing in under-construction real estate is especially promising, as it allows you to receive significant income by the time the residential development is commissioned. The difference in price between completed and off-plan houses is several tens of percent. Let’s look at how to choose the right developer in Indonesia.
Contents:
- The biggest construction companies in Indonesia
- How to choose a builder in Indonesia?
- Top 10 construction companies in Indonesia in 2023
- We will help you choose a property in Indonesia!
The biggest construction companies in Indonesia
According to an industry report by Mordor Intelligence, the Indonesian construction market is worth $264.3 billion by 2023. It is planned that by 2028, the figure will increase to $379.4. This indicates high interest in this area. The country is Asia’s second most productive and profitable construction market. Companies implement many projects in the residential and commercial sectors. Major Indonesian cities are seeing the real estate industry grow.
Here are the largest real estate developers in Indonesia:
- Chiyoda Corporation
- Toyo Construction Co., Ltd.
- TBEA Co., Ltd.
- Hyundai Engineering & Construction Co., Ltd.
- Samsung C&T Corporation
Many of them not only deliver projects in the islands but also are also active internationally. The reliability of developers is determined by the amount of authorised capital, which allows them to operate using their own funds. This approach protects investors from any risks during the construction process and allows them to get the ownership of high-quality housing, paying for it in instalments.
How to choose a builder in Indonesia?
In general, the basic tips for choosing a construction company are universal across the world. You should evaluate a few things before making a purchase.
- Research the developer’s reputation: how many years it has been on the market, how many projects have been completed, and what reviews completed properties have. Keep in mind that it is important to consider not only official sources, but also groups on social networks and other platforms, where reviews are made by actual purchasers rather than by ads specialists involved in campaigns for the developer’s projects.
- Consider the demand for the builder’s residential developments. The fewer available units, the more people are interested in the products of this particular company, which proves the quality and subsequent high liquidity of housing.
- Do not refuse the services of professional brokers. Skimping on this is unacceptable. Only a specialist has a truly good understanding of the market of property in Indonesia from the inside, knows all the ins and outs of local legislation, and can ensure the transaction is legally sound. With the assistance of a professional, choosing a builder and a specific residential development will be easy.
The more thoughtful the approach to selecting a specific property and the developer building it, the fewer risks.
Top 10 construction companies in Indonesia in 2023
The scale of the construction industry in the country does not allow us to cover all operating companies. Therefore, the list includes only the major property developers in Indonesia, whose projects are in high demand.
- PT Waskita Karya (Persero) Tbk. The developer with an authorised capital of $386.9 million was founded in 1961. Together with its subsidiaries, it specialises in the design and construction of properties and manages real estate projects.
- PT Adhi Karya (Persero) Tbk. Its authorised capital is $265 million. Founded in 1960, the company is engaged in constructing high-rise residential and commercial buildings. It also creates neighbourhoods when developing land plots, which allows homeowners to use the well-developed internal infrastructure of the territories.
- PT Wijaya Karya (Persero) Tbk, with a capital of $262.6 million, operates in the domestic and international markets. The company has been building real estate since 1960 and designs residential and commercial properties.
- PT PP (Persero) Tbk has an investment portfolio of $242.6 million. Founded in 1953, the company operates as a construction and investment group.
- PT Surya Semesta Internusa Tbk, along with its subsidiaries, is engaged in the development business. 5 divisions construct industrial complexes, residential buildings, hotels, and condominiums with rental apartments. The group was founded in 1971.
- PT Acset Indonusa Tbk has been operating since 1995. Its authorised capital is $118.8 million. Among the delivered projects are residential and commercial buildings.
- PT Totalindo Eka Persada Tbk is a subsidiary of the PT Totalindo Investama Persada holding company. The investment portfolio reaches $110.8 million. The developer constructs residential real estate and public buildings: hospitals, schools, and shopping malls.
- PT Total Bangun Persada Tbk has been in business since 1970. The authorised capital of the group of companies is $79.8 million. The developer has residential and commercial buildings under its belt.
- PT Wijaya Karya Bangunan Gedung Tbk was founded in 2008. The authorised capital is $61.1 million. Together with its subsidiaries, it provides services for the construction of buildings for various purposes.
- PT Nusa Raya Cipta Tbk was founded in 1968. The developer builds hotels, resorts, office centres, apartments, and shopping complexes. The authorised capital is $53.4 million.
We will help you choose a property in Indonesia!
Our website offers listings of real estate directly from developers and local agencies. The database is updated daily and contains only relevant information. In the catalogue, you will find houses and apartments in Indonesia in different parts of the country. Here you can also get information about the state of the market and leading developers and contact property sellers. Start your search for a home in the land of eternal summer right now!