Top Real Estate Companies in Indonesia

The real estate industry is a critical component of Indonesia's economy, contributing significantly to the country's GDP and employment figures. In this article, we will take a closer look at the real estate industry in Indonesia, examining key statistics from 2022, factors contributing to its growth and success, industry trends, challenges, and future outlook.

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CompanyHeadcountContactDescriptionDecision Maker
KNIGHT FRANK6,459 +65 6222 1333

At Knight Frank, we build long-term relationships, which allow us to provide personalised, clear and considered advice on all areas of property, in all key markets. We believe personal interaction is a crucial part of ensuring every client is matched to the property that suits their needs best – be it commercial or residential. Operating in locations where our clients need us to be, we provide a worldwide service that’s locally expert and globally connected.Inspired teams naturally provide excellent and dedicated client service. Therefore, we’ve created a workplace where opinions are respected, where everyone is invited to contribute to the success of our business and where they’re rewarded for excellence. The result is that our people are more motivated, ensuring your experience with us is the best that it can be.At Knight Frank, we value our vibrant online community and appreciate your active participation on our social channels. We strive to maintain a safe, respectful, and inclusive environment for all users. Please adhere to the following guidelines to ensure a positive experience for everyone:- We encourage and welcome your comments and feedback, however, they should be shared in a constructive, respectful manner.- We reserve the right to reject or remove comments that are not in keeping with our policy and to block or ban users/followers who violate this policy.- Please treat each other with courtesy and respect. Hate speech, discrimination, or offensive content of any kind will not be tolerated.Our moderators reserve the right to remove any content and any user who violates these guidelines that are intended to maintain a welcoming and respectful community.Thank you for being a valued member of the Knight Frank community.

CAPITALAND7,493 +65 6713 2888

CapitaLand Group (CapitaLand) is one of Asia’s largest diversified real estate groups. Headquartered in Singapore, CapitaLand’s portfolio focuses on real estate investment management and real estate development, and spans across more than 260 cities in over 40 countries. Within its ecosystem, CapitaLand has developed an integrated suite of investment management and operating capabilities that supports its real estate businesses and platforms in building core competencies across the real estate value chain. With this full stack of capabilities, CapitaLand can optimise the strategies of its listed real estate investment management business CapitaLand Investment (www.capitalandinvest.com), and its privately held property development arm CapitaLand Development; to drive competitive advantage for its businesses.CapitaLand places sustainability at the core of what it does. As a responsible real estate company, CapitaLand contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.---With the recent rise in phishing scams that involve digital communications with fake SMSes, emails and WhatsApp messages with spoof headers, it is important to verify any links before clicking them. Do not provide any personal, credit card or bank account details over an SMS, email or WhatsApp message, or make any payments to a third party’s bank account. CapitaLand shall not be liable for any loss, damage or consequences that may arise from any communication or offer of employment not directly made by CapitaLand. For more information, visit: https://www.capitaland.com/en/more-from-capitaland/social-media.html

CBRE ASIA PACIFIC3,314 +65 6854 8688

CBRE Asia Pacific is an integral part of CBRE Group, the world’s largest commercial real estate services firm. Over 20,000 professionals focus on the alignment of our clients’ overall business objectives with their real estate requirements. The Asia Pacific region comprises 87 offices (excluding affiliates) across Australia, New Zealand, India, Vietnam, Japan, Indonesia, Malaysia, Thailand, Singapore, South Korea and Greater China including Hong Kong, Macau and Taiwan. We work together to provide unparalleled tools and resources, leverage, credibility, market coverage and local expertise.

ELDERS REAL ESTATE788 +61 2 9987 0198

Elders is Australia’s most trusted and respected real estate brand. Established in 1839 and widely recognised as one of the most dominant real estate networks, it has used this platform to emerge as a leading real estate group.The Elders Real Estate network occupies close to 300 offices operating in all capital cities, major regional and rural centres across the country. In 2016, this network sold over 9000 properties for a combined total value of close to $4 billion.Elders has an extensive team of experienced, professional real estate agents throughout Australia who are committed to providing an outstanding real estate service for clients.

ESR346 +65 6850 0440

ESR is APAC’s largest real asset manager powered by the New Economy and the third largest listed real estate investment manager globally. With US$149 billion in total assets under management (AUM), our fully integrated development and investment management platform extends across key APAC markets, including China, Japan, South Korea, Australia, Singapore, India, New Zealand and Southeast Asia, representing over 95% of GDP in APAC, and also includes an expanding presence in Europe and the U.S. We provide a diverse range of real asset investment solutions and New Economy real estate development opportunities across our private funds business, which allow capital partners and customers to capitalise on the most significant secular trends in APAC. Our purpose – Space and Investment Solutions for a Sustainable Future – drives us to manage sustainably and impactfully and we consider the environment and the communities in which we operate as key stakeholders of our business. Listed on the Main Board of The Stock Exchange of Hong Kong, ESR is a constituent of the FTSE Global Equity Index Series (Large Cap), Hang Seng Composite Index and MSCI Hong Kong Index.

STOCKLAND1,843 +61 498 976 039

For more than 70 years, we have been creating and curating communities with people at the heart of the places we create. As one of Australia’s largest diversified property groups, we are building on our legacy, helping more Australians achieve the dream of home ownership and creating places and spaces full of energy, soul and life - from residential and land lease communities, through to retail town centres, workplaces and logistics assets. Our purpose is central to everything we do, that we believe there is a better way to live.

CBRE GLOBAL WORKPLACE SOLUTIONS (GWS)13,370 +65 6854 8688

From short-term decisions to developing a long-term strategy, CBRE Global Workplace Solutions (GWS) partners with clients to uncover solutions for unique, organizational needs and opportunities to drive strategic business outcomes, worldwide.

HMLET83 +65 3138 5596

Hmlet is Asia’s leading flexible living brand, with over 1,500 homes across Singapore, Hong Kong and Tokyo. We provide occupants, also known as Members, with custom-designed fully furnished rooms and apartments — tailored to fit their budget, duration of stay and stage of life. All our homes are move-in ready with easy access to public transport and communal facilities to provide them with everything they might need to experience the ultimate hassle-free living.

HONGKONG LAND LIMITED1,259 +65 6238 1121

Hongkong Land is a major listed property investment, management and development group. The Group owns and manages more than 850,000 sq. m. of prime office and luxury retail assets in key Asian cities, principally Hong Kong, Singapore, Beijing and Jakarta. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. The Group also has a number of high-quality residential, commercial, and mixed-use projects under development in cities across China and Southeast Asia, including a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, Shanghai. Its subsidiary, MCL Land, is a well-established residential developer in Singapore. Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing in the standard segment of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.

IWG PLC12,568 +65 3163 8030

IWG is leading the workspace revolution. Our companies help more than 2.5 million people and their businesses to work more productively. We do so by providing a choice of professional, inspiring and collaborative workspaces, communities and services. Our customers are start-ups, small and medium-sized enterprises and large multinationals, with unique goals and aspirations. They want a choice of workspaces and communities to match their needs. Through our companies we provide that choice. Regus | Spaces | No18 | Openoffice | Basepoint | Signature IWG companies now help millions of people in almost 3,300 locations in over 1,000 towns and cities across more than 110 countries. We create personal, financial and strategic value for businesses of every size. From some of the most exciting companies and well-known organisations on the planet, to individuals and the next generation of industry leaders.#greatdayatwork

CBRE68,574 +65 6224 8181

Operating across every dimension of commercial real estate, CBRE sees more so you can do more.

PROPERTYSCOUT179 +66 92 264 3444

PropertyScout, a Thailand based Proptech start up, is an end-to-end real estate transaction platform connecting over 1,800 agents and agencies with buyers, renters and owners, servicing thousands of satisfied customers every month. PropertyScout leverages its database of more than 200,000 properties, its technology platform and its centralized operations to digitize and automate 90% of the real estate transaction. This frees up agents’ time to professionally and efficiently communicate with buyers, renters, owners and co-agents to deliver outstanding service and close transactions faster. Providing a transparent and trusted experience, PropertyScout has quickly become the favorite go-to-place for buying, selling, and renting real-estate in Thailand, as proven by hundreds of five-star reviews.

CENTURY 21®36,523 +65 6291 2121

Since 1971, Century 21 Real Estate has set the standard in the real estate business. With 127,000 independent sales professionals in 81 different countries, we have the global reach and expert knowledge to provide exceptional commitment and deliver extraordinary experiences to clients around the world. If you think you have what it takes to be a Century 21 Agent, contact us. Jointherelentless.com

JLL77,750 +65 6250 4145

We’re a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. We want the most ambitious clients to work with us, and the most ambitious people to work for us. Join us.

YPA - YOUR PROPERTY AGENT183 +61 1300 972 972

YPA commenced in trading as a real estate agent in early 2007 and since then it has opened 23 franchise offices in and around various suburbs in Melbourne and the Mornington Peninsula. All offices are independently owned however all supported by the ypa franchise network. Our directors and staff are champions in their own right and have achieved accolades and awards within the real estate industry. With thousands of combined years of experience ypa is an energetic fresh and knowledgeable estate agency that thrives on customer care and satisfied clients. Our team of expert property consultants are constantly up to date with property trends, market research and real estate legislation, this provides our clients with confidence and comfort that their property is in the safest hands.

TROPICANA CORPORATION BERHAD548 +60 3-7663 6336

𝐀𝐁𝐎𝐔𝐓 𝐔𝐒Tropicana was incorporated in 1979, listed on the Main Market ofBursa Malaysia Securities Berhad in 1992 and rebranded in 2013.We have since become one of Malaysia’s leading conglomerateswith diversified business interests in Property Development &Property Management, Property Investment, Recreation & Resorts,Investment Holdings and more. Tropicana is also investing in thefuture with digital platforms such as the Tropicana 360 mobile appto fully integrate our business into the online sphere, providing ourcustomers with a modern and up-to-date experience for all thingsTropicana.We remain focused on delivering long-term, sustainable growthand maximising our shareholders’ value. Having acquired a 2,144acre total landbank with over RM77 billion GDV and achievingRM1.06 billion in revenue in 2020, we’ve crossed many milestonesand received numerous awards along the way. We are constantlyinnovating with new and exciting developments and living conceptsaround the country, moving us ever closer towards our vision ofbecoming the nation’s leading property developer.𝐎𝐔𝐑 𝐕𝐈𝐒𝐈𝐎𝐍We strive to be the leading property group that delivers innovativeand quality products that enhance stakeholders’ value𝐎𝐔𝐑 𝐁𝐔𝐒𝐈𝐍𝐄𝐒𝐒 𝐏𝐑𝐈𝐍𝐂𝐈𝐏𝐋𝐄1. Our Customers Come First2. Our Commitment to Our Shareholders3. Our People are Our Greatest Assets4. Our Teamwork

HUTTONS REAL ESTATE GROUP1,300 +65 6253 0030

Established since 2002, Huttons Group(合登集团)is Singapores Largest Private Real Estate Agency. We are winners of numerous awards for innovative technologies and industry first initiatives over the years. In association with Savills, we have more than 5,200 professionals marketing hundreds of local and international projects over 8 countries.As The Preferred Agency of Choice, we strive to provide the highest level of service to clients through vast knowledge across different market segments, and with empathy. Growing from strength to strength, Huttons is also expanding rapidly and extending our reach abroad, making it a seamless experience for our clients to buy and sell properties globally.

SAVILLS12,403 +65 6836 6888

Savills is a global real estate services provider with a network of more than 40,000 people in over 700 offices across the Americas, Europe, Asia Pacific, Africa and the Middle East. A FTSE 250 company (LON: SVS) headquartered in London, Savills advises corporate, institutional and private clients who are seeking to acquire, lease, develop or realise the value of residential and commercial property in the worlds key locations.

ERA REAL ESTATE3,174 +65 6226 2000

We dont adapt to change. We create it. We form connections that help us to innovate and stay ahead of the real estate game. We are Chuck Taylor embracers - community and team supporters. We are growth hackers that find ways to win and win big.We believe that our core values of collaboration, innovation, diversity and growth are needed more than ever in today’s real estate industry. Our values have allowed us to evolve into technology warriors and solution architects.We want to help you create the career of your dreams. Because when you succeed, we all do.ERA Real Estate has been in the business of fulfilling the dream of home ownership for 40 years, beginning as Electronic Realty Associates. Today, it is one of the worlds leading residential franchise brokerage networks.As a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global provider of real estate services, ERA Real Estate offers unique programs that benefit home buyers, home sellers, and agents including the ERA® Sellers Security® Plan, ERA Select Services®, ERA Distinctive Properties®, TEXTERA, ERA TransAct, ACHIEVE, and ERA Beyond.

TRAVELIO358 +62 21 80600904

Travelio is an online short to medium term home rental operator based in Indonesia. The types of accommodations we cover ranges from apartments, villas and houses. Travelio doesn’t hire employees. We hire open-minded, disciplined entrepreneurs who are against the norm – imaginative, independent and self-driven individuals who believe in providing a platform that allows travel to be an easily accessible and fun experience to the public while equally benefiting our accommodation partners.As a member of Travelio Team, you will not only capitalize your skillsets but also unlock other potentials influenced by our dynamic workforce and transparent management team. Our team comprises of young and experienced individuals with a large chunk either in the digital or hospitality industry who understands that the overall purpose is to disrupt the accommodation booking industry through our social mission.Join us at Travelio, where every bit of work makes a difference and development of each role can escalate exponentially. Are you a highly independent and motivated individual? Does the thought of weekly innovations excite you? Do challenges push you forward? We’re looking for leaders to propel our point of differentiation and innovate nature forward.Jakarta Office: 15, Jl. Ir. H. Juanda, RT.14/RW.4, Gambir, Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10130Email : hrd@travelio.comFacebook : http://facebook.com/travelioIDTwitter : http://twitter.com/travelioid Instagram : http://instagram.com/travelioIDGoogle+ : http://google.com/+TravelioID

Top Real Estate Companies in Indonesia

Key Statistics from 2022

In 2022, Indonesia's GDP is projected to reach USD 1.22 trillion, representing a growth rate of 5.1%. The real estate industry plays a critical role in this growth, with a contribution of approximately 7.4% to the country's GDP. The industry has also created employment opportunities for thousands of Indonesians, with over 3 million people currently employed in the real estate sector.

Factors Contributing to Growth and Success

One of the key factors contributing to the growth and success of Indonesia's real estate industry is the country's large and growing population. With a population of over 270 million, Indonesia is one of the world's largest markets for real estate, providing significant opportunities for growth and investment in the sector.

Another factor contributing to the growth of the real estate industry in Indonesia is government initiatives aimed at promoting investment in the sector. The government has launched a number of initiatives to boost investment in real estate, including the implementation of tax incentives and the development of infrastructure projects.

Industry Growth and Comparison to Previous Years

The real estate industry in Indonesia has experienced significant growth in recent years, with the sector's value increasing by 6.3% in 2021. This growth is expected to continue in 2022 and beyond, with the industry projected to grow at a CAGR of 6.7% between 2022 and 2027.

Compared to previous years, the real estate industry in Indonesia has undergone a transformation, with a shift towards the use of advanced technologies such as artificial intelligence, automation, and digitalization. This has resulted in increased efficiency, reduced costs, and improved customer experiences, making the industry more competitive and attractive to investors.

Key Trends in Indonesia's Real Estate Industry

Smart Buildings: One of the key trends in the real estate industry in Indonesia is the adoption of smart building technologies. These technologies are allowing property developers to create buildings that are more energy-efficient, sustainable, and easier to manage.

Flexible Workspaces: Another key trend in the real estate industry in Indonesia is the growing demand for flexible workspaces. With changing work patterns and the rise of remote work, there is increasing demand for flexible office spaces that can be easily scaled up or down.

Challenges

Despite the growth and success of Indonesia's real estate industry, there are several challenges that the sector must address to sustain its growth trajectory. These challenges include:

Affordability: The real estate industry in Indonesia is facing affordability issues, particularly in urban areas where property prices have risen rapidly in recent years. Addressing this challenge will require the industry to focus on developing affordable housing solutions that cater to the needs of lower-income groups.

Infrastructure Development: The real estate industry in Indonesia is also facing challenges related to infrastructure development, particularly in terms of transportation and connectivity. Addressing this challenge will require concerted efforts from the government to invest in infrastructure projects and improve connectivity across the country.

Future Outlook

Despite the challenges facing the industry, the outlook for Indonesia's real estate sector remains positive. With a large and growing population, increasing demand for housing and office space, and government initiatives aimed at promoting investment in the sector, the industry is poised for continued growth in the years to come.

In addition, advances in smart building technologies and the growing demand for flexible workspaces are opening up new opportunities for the industry, improving efficiency and driving innovation. However, addressing affordability and infrastructure challenges will be critical to ensuring the industry's sustainability and competitiveness in the long term.

Conclusion

In conclusion, the real estate industry is a critical component of Indonesia's economy, contributing significantly to the country's GDP and employment figures. The industry's success is attributed to a number of factors, including a large and growing population, government initiatives aimed at promoting investment in the sector, and the adoption of advanced technologies.

However, the industry is also facing several challenges, including affordability issues and infrastructure constraints. Addressing these challenges will require concerted efforts from the government and industry stakeholders to ensure sustained growth and competitiveness.

Looking ahead, the future outlook for Indonesia's real estate sector remains positive, with ample opportunities for growth and investment. The industry is poised to continue contributing to the country's development and to play a critical role in shaping the future of Indonesia's economy. However, addressing affordability and infrastructure challenges and investing in smart building technologies and flexible workspaces will be critical to ensuring the industry's sustainability and competitiveness in the long term.

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By Melissa Goh
Published on 13 May 2023