Buying a House in Indonesia: How Much is the Average Price Range?

The average house prices in Indonesia are among the lowest in Southeast Asia. Outside Jakarta or Bali, you can get a decent family house with standard features and two bedrooms with affordable prices. However, there are more factors to play, from the city’s economic potentials to the size of the land.

If you plan to buy a property in Indonesia, especially in popular areas, stick around for more information.

General View of Property Price in Indonesia

house in indonesia

Photo by Own Property Abroad

House prices in Indonesia vary between areas, and they come in various types. The average house prices in Indonesia range between USD31,500 (500 million Rupiahs) and USD63,000 (around 1 billion Rupiah). These prices do not include luxury properties, like high-rise apartments in Jakarta.

Big cities like Jakarta or popular areas like Bali tend to have higher property prices than other areas. Suburban areas and second-tier cities, like Bandung, Malang, and Makassar, provide a wider range of prices. You must also consider other factors like flood, access to shopping or office areas, nearby public transports, and many more.

Property Prices Based on Types

The prices you pay depend on the type of property. Indonesia has several popular types of properties that foreigners prefer. Here are the average costs:

House

When you buy a house, you also pay for the land, which can make it quite expensive. Therefore, houses are favorite properties for suburban and rural areas or small towns. The prices for average two-bedroom house with a bathroom may cost around USD30,000 to USD85,000, not including the land.

Villa

Villas are popular in tourist destinations like Lombok and Bali. They can be similar to houses, but with more privacy, luxury, and comfort. They may also come with facilities like private pool, gym, and 24-hour security. The average prices with lands range between USD75,000 and USD100,000.

Apartment

Apartments are favorites in bustling cities like Jakarta or Bandung, where land is scarce and individual houses are expensive. A standard high-rise apartment with one bedroom and one bathroom usually starts from USD100,000 to USD150,000.

Condominium

Condominium is similar to an apartment, except you own it instead of just renting. Condominiums are also popular in bustling big cities. Depending on the size, facilities, and location, it may cost between USD120,0000 and USD180,000.

Land

Foreigners are not allowed to have a land in Indonesia. While you can buy a house, it should not stand on more than 2,000 square-meter of land. The average land price for that size is around USD60,000 to USD200,000.

Average Property Prices in Popular Areas

What if you want to buy a property in popular areas? Here is the average house price in Indonesia in cities or regions with specific potentials:

Jakarta

Its status as the center of business, commerce, and entertainment in Indonesia makes Jakarta an expensive place to buy a house. Expect to spend around USD200,000 if you want to buy a house in the hottest residential areas in the city. Apartment or townhouse are more appropriate options, and you can find properties that cost under USD100,000.

Bali

Bali has an unquestionable international reputation as a tourist destination, and you can get wide range of price variations here. A typical villa or apartment may start from USD110,000, or you can rent a house with the annual fee of USD6,000.

Balikpapan

This coastal merchant city in East Kalimantan is growing in popularity, due to its proximity with Nusantara, Indonesia’s planned new capital. The city is known for oil refineries and bustling businesses, presenting great opportunities for career expats. The average house price starts from around USD35,000.

Lombok

Another popular tourist destination, Lombok is close to Bali and has great growing potentials. This is a great place to buy a villa, with prices ranging from USD170,000 to USD600,000.

Bandung

The capital city of West Java is a bustling business, education, and tourism center. House prices usually start from USD60,000 to USD130,000, but don’t be surprised if many properties in the city center are almost equal in prices to Jakarta.

Surabaya

The capital city of East Java is the second largest city in Indonesia, with a bustling economic potential. It is also the distribution gateway between Java and eastern Indonesia, making it a great spot for business expats to stay. Since it is a bustling city, the average house prices are quite costly, ranging from USD50,000 to USD300,000.

After calculating the average house price in Indonesia, it is time to plan your investment moves. Use Flip Globe to transfer funds to 55 countries with just one integrated app, including to and from Indonesia. Get your dream property now with the help of Flip Globe.