Jakarta is the capital of Indonesia which has become the center of government and business. It’s not surprising that land and property prices in Jakarta are higher compared to other areas.
Like any other city that is considered the center of government, this is the uniqueness of Jakarta compared to other cities around the world. In addition to being the center of government, the city is also a business center. People commute in this area for work. So, if you can get a property in the area, it will be an advantage because transportation costs are lower. Besides that, prestige or pride to live in Jakarta is also a factor for living in this city. In accordance with applicable economic law, the higher the demand, the higher the price.
Above all areas in Jakarta, there are several elite areas where land and property prices reach tens to tens of billions, including CBD Sudirman, Menteng, Kebayoran Baru to Pondok Indah. Here we summarize some areas starting from the highest price to the lowest:
1. Sudirman Central Business District (SCBD) - IDR 60-200 Million/M²
The price of land in the Central Business District (CBD) of Sudirman is the highest among the others. The area, dubbed the golden triangle, owns land with an average price of IDR 60-200 million per square meter. This price has succeeded in overtaking land prices in elite areas such as Menteng. According to the Executive Director of PT Cushman & Wakefield Indonesia, Handa Sulaiman, the reason why land prices in this area are high is because the demand for land for office development in
the Sudirman area is always high, including in SCBD. This has resulted in land prices in this premium area of Jakarta soaring.
2. Menteng - IDR 50-125 Million/M²
The next most expensive land price in Jakarta is land in the Menteng area. Land prices in this elite area range between Rp. 50-125 million per square meter. Land in the Menteng Village is valued at around IDR 50-78 million per square meter for shophouses and IDR 60-70 million per square meter for housing. In addition, the highest price is in the Jalan Tasikmalaya area with an average price range of Rp. 125.4 million. The lowest price in this area is in the Jalan Minangkabau area, which is IDR 51.7 million per square meter.
3. Kebayoran Baru - IDR 50-100 Million/M²
The Kebayoran Baru area also has very expensive land prices. The massive development of high-rise buildings as well as commercial spaces has made land in the area originally designed as a residential area skyrocketing. Land prices in this area are now in the range of IDR 50-100 million per square meter.
4. Pondok Indah - IDR 40-100 Million/M²
Pondok Indah has long been known as an elite area inhabited by wealthy people. In this area, there are rows of luxurious and large-sized houses. This area is a very strategic area because it is close to entertainment centers, hospitals, malls and offices. It is not surprising that the price of land in this area can reach IDR 40-100 million per square meter.
So, those were some areas with their respective prices. We recommend that in determining the occupancy you need to adjust to the needs of each. If you prioritize the area because of the surrounding facilities and access, Menteng to Thamrin are the choices. For those of you who want to find a property ready for occupancy with the touch of elegance, just contact Ray White Menteng as a partner for your property needs. Get various property benefits by contacting Ray White Menteng, whose address is Jl. K.H. Wahid Hasyim No.43A, RW.4, Gondangdia, Kec. Menteng, Central Jakarta 10350 or contact us at (021) 3190 9333, remember the residence, remember Ray White Menteng!
“Ray White Menteng, Your Best Property Agency Since 1998”
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