Dreaming of owning property in Indonesia but baffled by the numbers?
You see a price for a Bali villa that seems too good to be true, while a Jakarta apartment costs more than you expected, and you're struggling to find the real, all-in cost.
This guide is your solution. We are diving deep into the Indonesian property price landscape, giving you the specific figures and hidden costs you need to budget accurately for your investment in 2025.
Average Price Range: Expect a vast range, from small suburban homes starting at 150 million IDR (10,500 USD) to luxury beachfront villas in Bali, exceeding 10 billion IDR (700,000 USD).
Jakarta Remains Priciest: Jakarta has the most expensive real estate overall. However, Bali's tourist-driven market commands extremely high prices for villas, with rental yields reaching a remarkable 16.36%.
Price Per Square Meter: In Jakarta's city center, expect to pay around 27,000,000 IDR per square meter for an apartment. In more affordable cities like Bandung or Batam, that price can drop to 15,000,000-17,000,000 IDR.
Don't Forget the Extra 10%: The final purchase price will be higher than the sticker price. You must budget an additional 7-10% to cover mandatory notary fees, agent commissions, and taxes.
Location is the single biggest factor determining property prices.
A budget that gets you a luxurious villa in one city might only afford a small apartment in another.
While the national Residential Property Price Index shows a slow and steady growth of 0.90%, the story is vastly different on the ground.
Let's break down the prices in Indonesia’s most popular investment destinations, using data from Q2 and Q3 of 2025.
| City | Avg. Price per Sq. Meter (IDR/USD) | Gross Rental Yield (%) |
| Surabaya | 29,762,635 / 1,839.64 | 3.93% |
| Jakarta | 27,000,000 / 1,668.88 | 6.55% |
| Bali | 26,714,252 / 1,651.22 | 16.36% |
| Medan | 22,000,000 / 1,359.83 | 3.90% |
| Yogyakarta | 20,000,000 / 1,236.21 | 4.55% |
| Batam | 17,500,000 / 1,081.68 | 7.94% |
| Bandung | 15,250,000 / 942.61 | 5.66% |
Source: Numbeo, as of August 2025
As Indonesia’s capital, it's no surprise that the average house price in Jakarta is among the highest in the nation.
This is the financial and commercial heart of the country.
Small Condos: Average around 2.5 billion IDR ($175,000 USD).
Houses: Can easily average 5 billion IDR ($350,000 USD).
High demand from international investors and tourists keeps Bali villa prices at a premium, especially in prime coastal areas.
Small Villas: A common entry point is around 2 billion IDR ($140,000 USD).
Beachfront Villas: These are the pinnacle of the market, ranging from 10 to 25 billion IDR ($700,000 to $1,750,000 USD).
Indonesia's second-largest city boasts some of the highest per-square-meter prices but offers more affordable entry points for condos and houses compared to Jakarta.
Condos: Average between 500 million IDR ($35,000 USD).
Houses: Can be found for an average of 1 billion IDR ($70,000 USD).
For those seeking a better price-to-size ratio, Bandung is an excellent alternative.
It offers a cooler climate and a vibrant, youthful energy.
Condos: Prices average just 1 billion IDR ($70,000 USD).
Houses: The average price is around 2.5 billion IDR ($175,000 USD).
Yogyakarta: As Java's cultural heart, "Jogja" attracts those seeking a more traditional and artistic lifestyle. Property prices are still moderate, with the city center price per square meter at 20,000,000 IDR.
Medan: The largest city in Sumatra and a key economic gateway, Medan's property market is rapidly developing. You can expect to pay around 22,000,000 IDR per square meter in the city center.
Batam: Located just a short ferry ride from Singapore, Batam is a booming industrial and trade hub. Its strategic location makes it an interesting investment, with very reasonable prices around 17,500,000 IDR per square meter.
The type of property you choose will have a massive impact on its price.
In Indonesia, the primary distinction is between landed property (like a house or villa) and strata-title apartments.
These command higher prices because they include land.
Land prices in Indonesia, especially in desirable locations, are the main driver of value.
A larger land size directly translates to a higher property valuation.
These are typically more affordable for the same internal living space because you are buying the rights to the unit, not the land beneath it.
This makes them a very popular choice, particularly for foreign buyers in cities like Jakarta.
You'll also pay a premium for brand-new construction.
A newly built home in Indonesia often costs 10-20% more than a comparable resale property.
This "new-build premium" gets you modern design and avoids immediate renovation costs.
This is a critical step for accurate budgeting.
The agreed-upon sale price is never the total amount you will pay.
You must factor in several fees and taxes to understand the true, final cost.
Let's say our friend Alex, who is buying that 2 billion IDR villa in Bali.
Here’s a breakdown of the extra costs that will be added to his bill:
Notary and Transfer Fees (5%): This is for the official legal paperwork. For Alex, that's 100 million IDR.
Real Estate Agent Commission (3%): This is the fee for the agent's services. That's another 60 million IDR.
Value Added Tax (VAT) (11% on new builds): The government often provides incentives that can reduce this.
Annual Property Tax (PBB): An ongoing cost, roughly 0.5% of the property’s assessed value.
By the time the keys are in his hand, Alex's total initial cost is not 2 billion IDR, but closer to 2.16 billion IDR.
Accounting for these taxes on property in Indonesia is non-negotiable for a successful investment.
While a foreigner doesn't pay a different sticker price for the same property, the property ownership laws in Indonesia can influence what you can buy.
As a general rule, foreigners buy property using long-term leasehold titles like Hak Pakai (Right to Use), typically for up to 80 years.
Crucially, some provinces may have minimum purchase price thresholds for properties that can be sold to foreigners.
The goal is to ensure that foreign investment targets the mid-to-high-end market.
While these vary, this is an important price-related factor to confirm with your legal advisor.
As noted by Lalaine C. Delmendo of the Global Property Guide, recent legal reforms are simplifying qualifications for foreign buyers, a trend that is expected to further boost the market.
So, what's the bottom line?
The Indonesian property market is a world of possibilities, and you now have the most important tool for success: a realistic understanding of the prices.
The secret is not just spotting a good deal, but knowing to budget for that extra 10% in taxes and fees that catches others by surprise.
That knowledge alone puts you leagues ahead, and the numbers serve you as a map and no longer a mystery.
With a clear view of the true costs, you’re ready to make it happen.
Good Luck with your house hunting in Indonesia!
In Jakarta's city center, a 3-bedroom apartment rents for about 18,825,000 IDR (1,150 USD) per month. Outside the center, the price drops to around 11,000,000 IDR (675 USD) per month
While exact predictions are difficult, econometric models from Trading Economics suggest a general upward trend for the Indonesian property market into 2026, projected at around 2.30%. Given Bali's strong tourism recovery, villa prices are expected to remain strong.
Cities like Surabaya and Medan offer some of the most affordable property prices for entire homes. For apartment value, Bandung and Batam offer excellent per-square-meter rates compared to their economic potential.
No, the property tax rate (PBB) is the same for everyone. However, you will pay a 20% tax on rental income if you decide to lease out your property.
A safe rule of thumb is to take the agreed-upon sale price and add 10%. This will give you a conservative estimate to cover notary fees (5%), agent commissions (2-3%), and other smaller legal and registration costs.
This varies wildly. In central Jakarta, it is astronomical. In developing areas of Bali, you might find it for a few hundred dollars per square meter. This is too variable for a national average; you must research the specific kecamatan (district) you're interested in.
Yes, the difference is massive. A beachfront location can easily add a 100% to 500% premium to the price compared to a similar-sized property just one kilometer inland. Beachfront is the ultimate luxury and is priced accordingly.
Investing in Indonesian property? Discover a world of opportunity with our extensive property listings! Enquire now with our expert real estate professionals and start your journey today!
Reference and Citation
Indonesia Property Price: A Deep Dive into Real Estate Costs
Malaysian Ringgit Performance: What You Need to Know!
Can a Foreigner Get a Housing Loan or Mortgage in Thailand?
Buying Property in Vietnam as a Foreigner: Full Guide
Malaysia Top 5 Property Companies: Titans That Powering the Market!
Global New Developments 
Juwai Commercial 
Juwai LUXE