Indonesia - House Price Index

Indonesia: House Price Index

Mnemonic HPI.IIDN
Unit Index 2002=100, NSA
Adjustments Not Seasonally Adjusted
Quarterly 0.16 %
Data 2022 Q3 219.82
2022 Q2 219.47

Series Information

Source Bank Indonesia
Release Residential Property Price Survey
Frequency Quarterly
Start Date 3/31/2002
End Date 9/30/2022

Indonesia: Real Estate

Reference Last Previous Units Frequency
House Price Index 2022 Q3 219.82 219.47 Index 2002=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 2002 (Index 2002=100)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native Frequency: Quarterly
  • Start dates: 2002Q1, 2006Q1
  • Geo coverage: 
    • 14-city aggregate (IIDN)
    • Jakarta metro area (local name: Jabodebek-Banten) (IIDN_MJAK)


  • 12 cities excl. Jabotabek, 1999=100 - 2002 only

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

We produce a seasonally adjusted version of the 14-city composite.

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: