Off-plan apartments for sale in Indonesia: 85 flats

FAQ

How to buy an off-plan flat in Indonesia as a foreigner with Global Properties?

If you're planning to purchase new off-plan apartments in Indonesia, Global Properties is your go-to resource for over 85 the most up-to-date listings. The site features 193 residential complexes (82 completed and 111 under construction), offered by trusted real estate agencies or directly by developers.

What is the cost of off-plan flats for sale in Indonesia?

Average price: $100,000.
Average price per square meter: $3,424.
Minimum property price: $72500.
Highest-priced property: $3.2 million.
Over the past year, the average property price increased by 1.89%.

How to obtain a residence permit when purchasing a new apartment in Indonesia?

In 2023, Indonesian authorities removed the requirement for KITAS (residence permit) for foreigners purchasing property. Now, all you need to complete the transaction is your passport. Upon purchase, the homeowner receives a usage certificate, initially valid for 30 years, renewable for an additional 20 years and, subsequently, another 30 years—a total ownership period of up to 80 years.

With this form of ownership, buyers can also apply for various non-resident visas tailored to their goals: tourist, work, retirement, or family visas. The property can be used for personal vacations, rental income, or resale.

For those aiming to obtain a residence permit specifically through property investment, the Second Home Program offers this opportunity. A temporary residence permit is granted for investments starting from IDR 2 billion (approximately $130,000). Alternatively, the same amount can be deposited in a local bank.

The Second Home Visa allows you to reside in the country for up to 10 years, and family members can also be included. Required documents include:

Passport.
Bank statement proving sufficient funds.
Professional résumé (in English).
Two passport-sized photos.
A $130 processing fee.

After submitting the documents, applicants must arrive in the area within three months to either purchase property worth at least $130,000 or deposit the equivalent amount in a local bank. Following this, the visa application process begins, granting the investor resident status.

This investment amount can secure premium housing, such as luxury units in prestigious areas of Bali, like Canggu or Ubud, where prices per square meter start at $3,300 and $2,500, respectively.

Thus, buying an apartment in a new residential complex here can provide a pathway to residency if the investment exceeds IDR 2 billion.

Off-plan apartment in Indonesia

Indonesia offers a vast selection of housing options to suit any taste, budget, or purpose. Average units of property in Indonesia can range from traditional Balinese-style homes and beachfront bungalows to ultra-modern housing units in cutting-edge residential complexes equipped with state-of-the-art amenities.

Over the past decade, numerous residential complexes have been developed across the archipelago, adhering to strict European construction standards. Authorities ensure the use of sustainable, eco-friendly materials.

For penthouses and high-rise condominiums featuring rooftop pools and breathtaking views, major cities like Jakarta, Medan, Makassar, Surabaya, and Bandung offer abundant options.

In regions like Bali and Yogyakarta—renowned for their cultural and historical significance—high-rise buildings are prohibited, with height restrictions of 15 to 16 meters. These areas boast cosy developments with traditional architecture and picturesque surroundings. Some of the most iconic villas in Indonesia, reminiscent of Pinterest-worthy scenes, can be found here.

Modern units in new buildings often come with a host of conveniences and on-site amenities, such as:

24/7 security.
Parking spaces.
Swimming pools.
Playgrounds.
Gyms.

They tend to feature spacious layouts, with sizes starting from 60 m² for apartments and 150–200 m² for villas. Luxury developments may include 24/7 service, private restaurants, spas, and golf courses.

Investments in off-plan apartments in Indonesia

Thanks to economic growth and a rising population, Indonesia is experiencing a real estate boom. Housing prices steadily increase, with strong demand for real estate from both locals and foreigners. If you're considering apartments in off-plan projects in Indonesia for investments or personal use, explore these key areas:

Cilandak: A prestigious neighborhood in South Jakarta favored by expats. It offers numerous international schools, medical clinics, shopping centres, and restaurants, making it ideal for families.
Denpasar: The capital of Bali and a popular tourist hub. Despite its metropolitan status, Denpasar's real estate prices remain relatively affordable compared to other cities on the archipelago.

Apartment prices in new developments rise annually by 10–15% on average, creating opportunities for profitable resales within a few years. Experts predict this upward trend will continue in the long term.

Like in any other country, the cost of apartments for sale in off-plan projects in Indonesia depends on location, proximity to the sea or city centre, nearby infrastructure, and other factors. For instance:

A 1-bedroom apartment with renovations and furniture in a modern complex in Bali starts at $145,000.
In Jakarta, properties range from $60,000 to $550,000, covering options from modest studios to fully furnished three-bedroom apartments equipped with modern appliances.

Prices are most affordable for properties in new developments during the construction phase.

The area also offers a low cost of living, among the lowest in the region. A monthly income of IDR 20 million (about $1,300) is sufficient for a family to live comfortably. Many expats earn significantly more, enabling a luxurious lifestyle.

While rental yields for apartments are currently moderate, they remain stable due to high tourist traffic and consistently strong rental demand. According to the public data, gross rental returns for luxury properties averaged 5.68% in the first half of this year.

In Jakarta, rental yields can reach 9.12%, depending on location, with an average return of 5.4%. In Surabaya, rental returns range from 3.81% to 8.33%, with a citywide average of 6.47%.

Foreign investors should note Indonesia's relatively high tax rates for non-resident property owners:

A 20% tax on annual rental income.
10% VAT on gross rental profits.
5% capital gains tax on profits from property sales.
A 20% sales tax for luxury apartments, townhouses, and condominiums priced over IDR 30 billion.
A 0.5% property tax based on the property's appraised value.

Despite these taxes, the country remains an attractive destination for international real estate investments due to its political stability and economic growth, with an average annual GDP increase of 5%.

Apartments in Indonesia are more affordable than in other Southeast Asian countries. With careful risk management and analysis, investors can achieve high returns on their investments.

Buy off-plan apartment in Indonesia

Our website provides a seamless experience for finding the latest listings in the best residential complexes and condominiums from top developers in the region.

To streamline your property search, you can set filters, sort options, view the location of residential complexes or villas on a map, and even plot routes from your potential home to the beach or essential infrastructure.

You can also use "quick links" with popular query combinations, such as "beachfront," "in the city centre," or "ready to move in."

To make price comparisons easier, the platform includes a built-in currency converter, allowing you to select the currency that suits you best.