Danantara Sees Rising Interest in Vertical Housing
Danantara stated that consumer interest in vertical housing will grow as house prices increase.
Danantara Indonesia Investment Management Agency predicts a growing public interest in vertical housing due to increasing land prices. Senior Director Sector Specialist Property & Real Estate Dian Takdir Badrsyah explained that as buying landed properties becomes more expensive, vertical housing will become more sought-after. Land prices in Jakarta are already high due to urban values, but affordable options can still be found in satellite areas or outside the city. Commuting to work in Jakarta would be costly, leading to an increased interest in vertical housing.
During the Danantara Housing Expo, held from August 27-30, 2026, in Nusantara International Convention Exhibition (NICE) in North Jakarta, various housing products will be showcased, targeting low- and non-low-income segments of society. Promotional deals such as a 1 percent down payment, staggered home loan interest rates of 2.75 percent, and a 30-year installment period will be offered. Danantara has recorded 880 housing unit transactions totaling Rp500 billion since launching the offer.
The exhibition will feature 130 developers, including state-owned enterprises, with 10 developers catering to the high-end segment and the rest focusing on middle-class and low-income communities. Hundreds of thousands of housing units, which have passed legal and quality control processes, will be marketed and can be directly occupied without waiting.
Several locations are near public transportation points like train stations, with some developed by PT PP (Persero) Tbk, PT Hutama Karya (Persero), and Patra Land Urbano in Bekasi. The Danantara Housing Expo will provide access to 49,000 units for the low-income segment, primarily located on Java Island, with some in Kalimantan and North Sumatra.
Written by urgent.news from Tempo.co English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.