Bank of Indonesia published its Residential Property Price Survey for the first quarter of 2025, indicating limited gains in primary-market residential property prices. The Residential Property Price Index rose 1.07% year on year, moderating from 1.39% in the fourth quarter of 2024. Primary-market residential sales grew 0.73% year on year after a 15.09% contraction in the previous quarter, with growth driven by small residential properties while sales of medium and large houses declined. Developers continued to rely mainly on non-bank financing in the form of internal funds, representing 77.28% of total development capital, while bank housing loans remained the main funding source for buyers, accounting for 70.68% of purchase financing.
Bank of Indonesia 2025-05-06
Bank of Indonesia survey shows primary-market residential price growth moderates to 1.07% year on year in Q1 2025
Bank of Indonesia's Residential Property Price Survey for Q1 2025 shows a 1.07% year-on-year increase in the Residential Property Price Index, down from 1.39% in Q4 2024. Primary-market residential sales rose 0.73% year on year, driven by small property sales, while medium and large house sales declined. Developers primarily used non-bank financing, while bank loans remained the main funding source for buyers.