Villas for sale in Jakarta
Jakarta is the cultural and economic centre of the country, a sought-after tourist destination, and an attractive place to buy property in Indonesia. In recent years, purchasing real estate in the metropolis for relocation and investment has become especially popular.
The city is made up of many districts, each with its own characteristics. Here are some of the locations most in demand for acquiring houses:
- Senopati. This is a neighbourhood in the Kebayoran Baru district in the capital’s southern part. It is known for an abundance of trendy outing destinations such as clubs, restaurants, boutiques, and markets. Prices here can be higher than in other locations in the metropolis.
- Kemang. This prestigious neighbourhood is beloved by young people and foreign nationals due to ample entertainment offerings. Conveniently located near the busy areas of Blok M, Sudirman, and Thamrin, it provides residents with easy access to offices, shopping and business centres, and other key facilities.
- Tebet. Another district in the southern part, it boasts a diverse infrastructure and peaceful atmosphere. The majority of Tebet residents are families and young professionals. The district is also conveniently located and adjacent to the popular communities of Menteng and Blok M. Buying villas in Jakarta in this area can be more attractive than in others.
It is also worth mentioning communities such as Kebayoran Baru and Pantai Indah Kapuk, which mainly feature luxury villas with high rental demand.
Indonesia has special rules regarding the acquisition of housing by foreign nationals. When purchasing houses, they can obtain the right to use land (Hak Pakai) for a limited period, averaging 25 to 45 years, which is renewable for an additional fee. It is also possible to purchase an apartment in Indonesia this way. Mortgages are not available to foreigners, but they can use interest-free instalment plans. The down payment is usually 30%. Moreover, foreign citizens must purchase housing worth at least a certain amount. The threshold is different in each region, and the minimum cost of villas in Jakarta must be $655,000.
Investment house in Jakarta
Investing in houses for sale in Jakarta will be profitable. The demand for real estate in the country is constantly increasing. The capital is a large metropolis with a well-developed infrastructure. It has a wide network of roads, comfortable public transport, state-of-the-art healthcare facilities, shopping malls, and restaurants. The Indonesian economy is one of the fastest growing in the world. Every year, the country’s GDP has increased by 5% over the past 50 years. In addition, the inflation rate in 2022 was only 5%, which is lower than European figures.
Gated villa complexes built over the past few years are particularly popular in the Indonesian capital. Such communities feature swimming pools, golf courses, tennis, basketball, squash courts, football pitches, and children’s playgrounds. Some complexes have their own power supply, water treatment, and other utility systems, which eliminates the risk of power outages and water supply interruptions.
When choosing an investment property, the key factors are:
- location;
- rental potential (foot traffic, tourist attractiveness of the neighbourhood);
- design and architecture;
- property condition;
- internal and external infrastructure.
The capital is a densely populated city with more than 30 million people, which creates a high demand for real estate from locals, tourists, and expats alike. The average rental yield here is 5.75% per annum. In the south, the figure can exceed 10%.
Villas prices in Jakarta
The average house price per square metre today is $1,200.
Houses prices in Jakarta depend on multiple factors:
- neighbourhood;
- size;
- condition;
- available amenities.
If you buy a house in Jakarta with an area of 864 m², it will cost you $1.7 million. It features 5 bedrooms, 3 living rooms, a private gym, and a rooftop Jacuzzi with panoramic views.
The cost of a 2-storey 290 m² villa in Jakarta with 4 bedrooms is $655,000.
There are also high-end villas in Jakarta for investment and living. A 2,700 m² 6-bedroom mansion with a fitness room, 5 staff rooms, a private garden, and golf course views costs $17.6 million.
If you buy a villa in Jakarta, you also have to pay 4 taxes: land and buildings tax (PBB), duty on the acquisition of land and building rights (BPHTB), value added tax (VAT), and stamp duty on documents.
Buying house in Jakarta
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Investing in villas in Indonesia is an excellent strategy if you are interested in making a profitable investment or acquiring a relocation or holiday home in one of the most dynamic cities in Southeast Asia.