Business · Economy · 8 hrs ago
Indonesian Home Sales Fall 8.43% as Prices Rise Slowly
In Indonesia, home sales fell 8.43% year on year in the third quarter of 2026, according to Bank Indonesia.
Prices for newly built homes rose only 0.58%, slower than in the previous quarter.
Sales dropped across small, medium and large homes, with medium-sized homes seeing the steepest fall.
Property analyst Anton Sitorus said households' purchasing power has weakened as more income goes to basic needs, leaving less for a home purchase.
Buyers with lower and middle incomes are holding back, while higher-income investors are waiting to see how the market develops.
Economist Syafruddin Karimi said buyers may be delaying purchases in both new and resale markets, rather than switching to second-hand homes.
He also cited costly financing and extra expenses for resale homes, while noting there is no comparable national data on resale transactions.
Indonesian home sales fell 8.43% year on year in the third quarter of 2026, according to Bank Indonesia.
Residential property prices in the primary market rose 0.58% year on year, slowing from 0.69% in the previous quarter.
Sales declined across all home types, with medium-sized homes recording the steepest drop at 15.42%.
Property observer Anton Sitorus said weak purchasing power amid difficult economic conditions was weighing on transactions.
- Who
- Bank Indonesia reported the figures. Property observer Anton Sitorus and economist Syafruddin Karimi discussed the market.
- What
- Home sales fell 8.43% year on year, while primary-market residential property prices rose 0.58%.
- When
- The figures cover the third quarter of 2026.
- Where
- Indonesia’s primary residential property market.
- Why
- Sitorus attributed weak sales mainly to reduced purchasing power amid difficult economic conditions. Developers were reluctant to cut prices, he said.
This story does not have two clearly opposing sides.
Primary-market home sales fell 8.43% year on year and prices rose 0.58%, Bank Indonesia reported.
Bank Indonesia published its third-quarter Residential Property Price Survey report.
Anton Sitorus told CNN Indonesia that weak purchasing power was a key reason for the sales decline.
CNN Indonesia published its report on falling home sales and slowly rising prices.
- Annual sales change
- Down 8.43% in the third quarter of 2026
- Annual price change
- Up 0.58% in the primary market
- Previous-quarter price growth
- 0.69% in the second quarter of 2026
- Medium-sized home sales
- Down 15.42% year on year
- Large home sales
- Down 10.78% year on year
- Small home sales
- Down 4.95% year on year
What people are saying
The most influential factor currently is the difficult economic situation, which weakens people's purchasing power.
When incomes are not strong enough and financing remains expensive, consumers may postpone buying in both markets, rather than simply switching segments.