Property Rental Market Shows Positive Growth in Q1 2026
JAKARTA, KOMPAS.com - The property rental market showed growth in the first quarter of 2026.
According to the Pinhome Home Rental Index (PHRI), houses sized 55-120 grew by 0.8% and those sized ≤54 rose by 0.7%.
Higher increases occurred in certain segments, with the 55-120 type growing by 2.6% and the ≥201 type rising by 2.3%. This growth was driven by office and educational institution activities.
In Jakarta, rental price increases were concentrated in central business areas. Central Jakarta recorded a significant rise in the 55-120 type of 5% and the ≤54 type of 3%, in line with increasing office occupancy.
In the Bodetabek region, particularly Greater Tangerang, rental growth was driven by the expansion of commercial areas and the designation of BSD as a Special Economic Zone (KEK). Increases also occurred in Bogor Regency for the 55-120 type by 3%.
“The rental market in several cities in Indonesia still shows resilience with limited declines,” said CEO and Founder of Pinhome, Dayu Dara Permata, quoted on Friday (08/05/2026).
Meanwhile, from the sales side, the national property market showed stability in the first quarter of 2026 amid external pressures and seasonal factors. The small and medium house segments became the main support when the premium market tended to be more cautious.
The latest Pinhome Home Sell Index (PHSI) data recorded the National House Selling Price Index as relatively stable with a slight decline of -0.1%, both quarterly and annually.
When viewed by segment, small and medium houses actually recorded growth. The ≤54 type grew by 0.3% and the 121-200 type rose by 0.5% quarterly. Annually, the ≤54 type increased by 1% and the 55-120 type grew by 0.6%.
Dayu Dara said this segment became the market support due to affordability and basic housing needs.
“The small and medium house segment became the growth support for the market, driven by affordability and basic housing needs that keep demand stable,” said Dara.
Conversely, large houses sized ≥201 experienced a correction of -0.5% quarterly and -0.7% annually. This condition reflects caution in the premium market amid global economic uncertainty and weather factors.
Regionally, house price movements showed variations across regions. In Jakarta, some areas experienced selective growth, while others corrected due to flooding and weather factors.
In North Jakarta, house prices for the 121-200 type in Cilincing rose by 3%, while in East Jakarta, the ≤54 type in Cakung grew by 2%. However, corrections occurred in several areas of West Jakarta and South Jakarta affected by flooding.
In the Bodetabek area, growth was seen in the medium segment. Bekasi Regency and Tangerang Regency recorded increases in the 121-200 type prices of 4% each, followed by South Tangerang City and Tangerang City by 3%.
Outside Jabodetabek, some regions also recorded growth, such as Cimahi City which rose by 3% for the ≥201 type and Semarang Regency which grew by 3% for small and medium types.
Meanwhile, corrections occurred in several areas due to weather factors, infrastructure, and market adjustments.