Going South

Some of the best residential investments can be found in Jakarta’s southern half.

By Pudji Lestari & Ardian Wibisono

Jakarta’s property market, along with the rest of the economy, is booming, with the prices for residential housing in many prime locations up by at least 10% last year, sometimes as high as 20%. The residential market, defined as landed houses, condos and apartments, is doing especially well in the southern end of Jakarta. Areas popular with expatriates, such as Kemang, Kebayoran, Pondok Indah and Jalan TB Simatupang have seen significant price gains as they are close to international schools and also are relatively close to Jakarta’s main business districts. Continue reading