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.
Active:
- 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)
Predecessors:
- 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.
