Indonesia - House Price Index

Indonesia: House Price Index

Mnemonic HPI.IIDN
Unit Index 2018=100, NSA
Adjustments Not Seasonally Adjusted
Quarterly 0.54 %
Data 2022 Q3 105.8
2022 Q2 105.23

Series Information

Source Bank Indonesia
Release Residential Property Price Survey
Frequency Quarterly
Start Date 3/31/2018
End Date 9/30/2022

Indonesia: Real Estate

Reference Last Previous Units Frequency
House Price Index 2022 Q3 105.8 105.23 Index 2018=100, NSA Quarterly
Housing Starts 2021 203,403 159,308 # Annual
Building Completions 2020 1,311,417,795,000 1,594,196,205,000 Ths. IDR Annual

Release Information

For Indonesia, a price index for new houses. The Residential Property Price Survey is a quarterly survey seeking information on developer's sentiments towards residential property prices in the primary market.


  • Measurement: Fixed-base index relative to 2018 (Index 2018=100)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start dates:
    • 2018Q2 for national
    • 2022Q2 for Jakarta metro area
  • Geo coverage: 
    • 18-city aggregate incl. Banten province (IIDN)
    • Jakarta metro area (local name: Jabodebek-Banten) (IIDN_MJAK)


  • 14 cities incl. Banten province, 2002=100 - 2002 to 2022 ("_02")
  • 12 cities excl. Jabotabek, 1999=100 - 2002 only ("_99")

The source writes:

The data collected in each survey includes the developer's covered price and total sales in the recent quarter as well as predictions for the next quarter. The composite index is developed by simple average chain index.

Residential Property Price Survey is conducted on primary market which has a quite a lot scale of activity and while yet build a house continually.

Survey includes 16 cities such as Bandun, Bandar Lampung, Banjarmasin, Denpasar, Palembang, Semarang, Yogykarta, Padang, Medan, Makassar, Manado, Surabaya, Pontanak, Batam, Balikpapan, Jabodebek-Banten. Types of house were classified based on the width of the house, namely: small/moderate type house (under 36 m2 building width), medium type house (building width > 36 m2 to 70 m2), and large type house (building width more than 70 m2).

Data collection is conducted on quarterly basis by Bank Indonesia’s Head Office and 13 Bank Indonesia Offices about 260 developers in 14 cities by the following means: (1) Direct interview to the respondent (developers) and/or (2) Sending questionnaire to the respondents. Data collection for Jabodebek-Banten area was conducted by third parties (consultant / surveyor) appointed by Bank Indonesia, while the survey in KBI areas were conducted by theirselves and third parties. 

Moody's Analytics supplements

For the national index, we produce a seasonally adjusted counterpart.

The data are provisional when first released and are subject to ongoing revision until they are made final no later than 12 months after the end of the reference quarter.

Further reading

At the source: