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Learn more about the Jakarta villa market through trends and average prices.
Jakarta, officially known as the Special Capital Region of Jakarta, is Indonesia’s capital and largest city. It is located on the northwest coast of the world’s most populous island, Java. It is the center of economy, culture, and politics of Indonesia with a population of over ten million. Due to its business opportunities and potential to offer a better standard of living, the city attracts a lot of people from all over Indonesia and the world to relocate to its area, which is one the main reasons why the population of the city is constantly growing.
Just like with other parts of Indonesia, villas in Jakarta are mostly luxurious. They offer a lot of space and usually come with gardens, lounge areas, and swimming pools. Buyers can choose between 1 bedroom to 4 or more bedroom villas.
Villa’s in Jakarta can generally be put into two categories: villa as a private residence or as a commercial property. Villa as a private residence is pictured as a luxury detached house, while villa as commercial property is typically a part of a hotel, which usually includes more than 10 free-standing bungalows.
Buyers can also choose between modern, “western”-style design or traditional Indonesian-style design. With traditional Indonesian-style design, many Indonesian authentic arts, such as carved wooden doors and Batik fabrics, are incorporated in the architecture and interior of the villa.
Jakarta is divided into 5 administrative areas, including Central Jakarta, North Jakarta, West Jakarta, South Jakarta, and East Jakarta. Central and South Jakarta are the most popular among the five districts.
Central Jakarta is home to numerous government buildings and Indonesia’s Presidential Palace. It also features the city’s most well-known heritage buildings from the colonial era. One of the most iconic landmarks in this area is the National Monument (Monas), which stands within Merdeka Square. Two of the most luxurious shopping malls in Jakarta, Grand Indonesia, and Plaza Indonesia, are located in Central Jakarta as well.
South Jakarta is known for its upscale shopping malls and residential areas. With its trendy, cosmopolitan atmosphere, this area offers a wide selection of world-class restaurants, amazing cafes, and massive shopping malls. Those who love coffee should visit Kemang, Cipete, or Melawai as these neighborhoods have numerous amazing coffee-shops, while those who want to experience the city’s buzzing nightlife can go to the streets of Senopati and Gunawarman.
Although Jakarta’s standard and cost of living are considerably higher than many other cities in Indonesia, it is still affordable for most foreigners, particularly for those coming from western countries. Most expats in the city earn much more than the minimum amount needed to live comfortably, allowing them to live luxuriously with very little. The official currency used in the city is Indonesian Rupiah (Rp) and US$1 converts to around Rp14, 000.
Many languages are spoken in Jakarta. However, Bahasa Indonesia is the most widely spoken language. Many people, particularly in the central business districts, can speak English well, but it is advisable that you learn some basic Indonesian phrases before you fly to the city.
To live in this dynamic city, foreigners need to apply for a visa. There are a number of visa types that foreigners can obtain, but the most common type is temporary residence permit (KITAS), which allows you to stay for up to 12 months and can be extended if need be.
1. Foreign investor-friendly regulations – since 2016, foreigners who work or reside legally in Indonesia are allowed to own houses or apartments in the country for up to 80 years.
2. Stable economy – Indonesia is Asia’s emerging global powerhouse. In fact, the country is the largest economy in Southeast Asia.
3. Improvements in infrastructure – more functional infrastructures are currently being developed by the city’s government through public-private partnerships. Those who invest now are doing so in a booming real estate market.