• Top Real Estate Agencies in Indonesia: The Definitive Guide

    Posted on 10 Comments

    indonesia-real-estate-agencies

    Indonesia is the biggest country in Southeast Asia and most of the major real estate companies can be found here.

    The companies primarily operate in Jakarta, but a handful of brands can also be found in Bali. Ray White is one example, due to the great influx of Australian tourists.

    In this article, we list the major real estate agents in Indonesia, focusing on Jakarta and Bali.

    1. JLL Indonesia

    Jones Lang LaSalle (JLL) is a leading global brand based in the United States. In Asia, JLL has 32,000 employees and 83 offices in 16 countries, making it one of the region’s largest real estate service providers.

    It’s also ranked as the second-biggest real estate agency in the world after CBRE Group, in terms of annual revenue.

    The head office of JLL Indonesia is situated in Jakarta and with two additional offices in Bali and Surabaya.

    Awards

    JLL has won many awards in the Asia Pacific, for example:

    a. Best International Property Consultancy by the International Property Awards 2015

    b. Best Property Consultancy Asia Pacific by the International Property Awards 2015

    c. Best Real Estate Advisor in Asia by Euromoney 2015

    Property types and areas

    JLL manages residential properties, offices, retail, industrial, and hotels. Some of the properties currently listed on their website include:

    • Menara Astra, Jakarta
    • Capital Place, Jakarta
    • World Trade Center 3, Jakarta

    They mostly sell and lease properties in Jakarta, but also in Bali and Surabaya.

    Services offered

    JLL offers a wide range of services like valuations, facilities management, sales & leasing, project development, investments, tenant representation, property & asset management, and research.

    Office address

    PT JLL, Indonesia Stock Exchange Building Tower 2, 19th Floor, Jl. Jenderal Sudirman Kav. 52-53, Jakarta 12190

    2. PT Knight Frank Indonesia

    Knight Frank is an international brand based in London, UK. They currently have more than 15,000 employees working in 418 offices in 60 countries.

    The Indonesian branch is known as PT Knight Frank Indonesia as it works in collaboration with PT. Willson Properti Advisindo. The head office is in Jakarta.

    Property types and areas

    PT Knight Frank Indonesia manages both residential and commercial properties. They help with the sales of properties all over Indonesia.

    Services offered

    PT Knight Frank Indonesia offers a wide range of real estate consultancy services that include residential and commercial property sale, lease, industrial sale and rental, project marketing, commercial property valuation service, property management, and consultancy.

    Office address

    PT. Willson Properti Advisindo, Wisma Nugra Santana # 17-03, Jl. Jend. Sudirman Kav. 7-8, Jakarta, 10220, Indonesia

    3. Colliers International Indonesia

    Colliers International is a well-established global real estate agency based in Seattle, Washington, United States.

    They currently have 15,000 employees working in 400 offices in 68 countries including Indonesia. The annual revenue of the company is around USD 2.6 billion.

    Colliers International became a global name in 1976 when three large real estate agencies merged together.

    In 1998, Colliers International Indonesia was established in Jakarta in collaboration with PT Penilai, a local real estate agency offering services since 1975.

    They have around 360 employees working in Indonesia, making them one of the largest international real estate agencies in the country. Michael Broomell is working as the managing director since 2004.

    Awards

    Colliers Indonesia won several awards in the past years, including:

    a. Overall Advisors and Consultants and two more wards by Euromoney 2017

    b. Facilities Management Company of the Year by Frost & Sullivan for 2014, 2015, and 2016

    c. Five-Star Property Consultancy Award by International Property Awards Asia Pacific 2013

    Property types and areas

    Colliers Indonesia sells and leases industrial, commercial, residential, and retail properties. Most of their listed properties are from Jakarta. Some of their currently listed properties include:

    • The Manhattan Square, Jakarta
    • Palma Tower, Jakarta
    • Menara Mandiri 2 Jakarta

    Services offered

    Colliers International helps with leases and sales of real estate, property management, property development, research, consultancy, facilities management, project management, and expatriate services.

    Office address

    Colliers International | Indonesia, World Trade Centre 1, 10th and 14th Floors, Jl. Jenderal Sudirman, Kav. 29 – 31, Jakarta 12920, Indonesia

    4. PT Cushman & Wakefield Indonesia

    Cushman & Wakefield is a global brand operating in Indonesia. It was founded in 1917 in New York and has a presence in 70 countries, with more than 253 offices and 45,000 professionals.

    PT Cushman & Wakefield Indonesia was founded in 2007. The head office is situated in Jakarta.

    Cushman & Wakefield has won several awards in the Asia Pacific region, including Highly Commendable Property Consultancy in Singapore and Vietnam, by International Property Awards for the Asia Pacific.

    Property types and areas

    PT Cushman & Wakefield Indonesia offers its services for residential, office, and retail properties. Some projects currently listed on their website are:

    • Medan Centre, Jakarta (residential project)
    • PT Karyadeka Graha Lestar, Jakarta (commercial project)

    They cover Jakarta and all the other major cities through their head office in Jakarta, which is their only office in Indonesia.

    Services offered

    The company offers a wide range of services that include investment services, research & advisory, marketing consultancy, tenant representation, design & project management, and property & facilities management.

    Office address

    Indonesia Stock Exchange Building Tower 2, 15/F, JI. Jend. Sudirman Kax.52-53, Jakarta, 12190, Indonesia

    5. Ray White Property Group Indonesia

    Ray White is a leading real estate agency in the Asia Pacific Region.

    It was established in 1902 in Australia and now has offices in China, the US, and the Middle East. Johann Boyke Nurtanio co-founded the company in 1997 (Jakarta) and is still acting as the CEO of the company.

    It’s the biggest international real estate brand in Indonesia with 175 offices in 25 cities. Around 4,000 professionals work for the company in Indonesia.

    The company has won many awards in Indonesia, including:

    a. Top Brand Award under Property Agent category for last 5 years

    b. Top Indonesian Business Award for 2015

    c. The Best Franchise Award for 2017

    Property types and areas

    Include both residential and commercial properties. There are over 85,000 residential properties listed for sale or lease on their website.

    Services offered

    They offer services to buy and lease residential and commercial properties.

    Office address

    Sahid Sudirman Center, 43E floor, Jl. Jend. Sudirman No.86, Jakarta Pusat, DKI Jakarta, Indonesia 10220

    6. Propnex Indonesia

    Propnex Indonesia was founded in 2016 as a franchise of Propnex Singapore. Propnex Singapore is the biggest real estate agency in Singapore and was founded 25 years back.

    Propnex Indonesia has 7 franchise offices in Surabaya and East Java. The head office is situated in Surabaya.

    Property types and areas

    They offer services that cater to both residential and commercial property buyers and owners in Surabaya and the East Java areas.

    Some of their currently listed projects include:

    • Suncity Residence
    • Buenos Park
    • Cornell
    • Klaska
    • Wisata Bukit Mas

    Services offered

    The services offered by Propnex Indonesia include consultation, business strategies, marketing support, and training to real estate investors for success in the real estate sector.

    Other services include project management, residential and corporate leasing, new launch project marketing, commercial & industrial properties,

    Office address

    Dr. Sutomo No. 37, Surabaya, Jawa Timur, Indonesia

    7. Brighton Indonesia

    Brighton Indonesia was established in 2011 and they started their first office with 20 employees. Today, they have around 20 offices and more than 1200 property agents, the company has grown much over the years.

    Their website is also one of the largest property listing websites in Indonesia, with over 40,000 properties currently listed.

    It’s a franchise based real estate agency with offices in Jakarta, Bali, Tangerang, Jawa Timur, Lippo Village, Surabaya, Malang, Makassar, and Sidoarjo.

    Property types and areas

    You can find mostly residential properties listed on their website, and they sell and lease properties all over the country.

    Services offered

    They work as a property agent for some of the leading property developers in the country like Sinarmas Land, Intiland, Pakuwon Group, Ciputra, MNC Land, AKR Land, Royal Residence, and many more.

    Office address

    Jl. Boulevard Raya PA 1 No 14 Kelapa Gading – Jakarta Utara 14240

    8. Xavier Marks Indonesia

    Xavier Marks Indonesia is a leading real estate agency in Surabaya and surrounding areas.

    The head office is situated in East Java, but they also have 31 offices in and around Surabaya. It’s one of the biggest real estate agencies in the region.

    They have offices in most cities in Surabaya that include Pusat, Barat, Selatan, East Java, Timur, and Utara.

    Property types and areas

    They sell and lease mostly residential properties. You can find around 2,500 properties currently listed on their website.

    They mostly sell and lease properties in the Surabaya area.

    Services offered

    They offer services to help you find, buy or lease residential properties in Surabaya.

    Office address

    Darmo Kali no 3 – 5, Surabaya 60241, East Java, Indonesia

    9. Bali Treasure Properties

    Bali Treasure Properties is one of the leading real estate agencies in Bali. They assist with villa and land investments and leases in Bali. The office is located in Badung, Bali.

    Property types and areas

    They only serve the Bali area and offer mostly land and villa investment or rental services. You can find around 250 villas on their website available for long-term rentals.

    Some of the currently listed villas on their website are Villa Aifa, Villa Sarita, Villa Camilia, and hundreds of more.

    Services offered

    The services include tenant service, owner service, villa facility guide, and location guide. They also help you with staffing and other arrangements once you buy or lease a villa through the company.

    Office address

    Jl. Subak Sari No.2c, Canggu – Brawa Kuta Utara, Kab. Badung, Bali 80361 – Indonesia

    10. Harcourts Indonesia

    Harcourts is a century-old New Zealand-based real estate company and was founded in 1888.

    They currently have more than 800 offices in South Africa, New Zealand, Australia, Indonesia, China, Fiji, Hong Kong, Zambia, Botswana, and the United States.

    It was founded in 2003 in Jakarta, while they have 36 offices in almost all major cities. You can find their offices in Jakarta, Tangerang, Bogor, Surabaya, Bekasi, Palembang, Badung, Solo Raya, and Densapar.

    They have around 7,400 professionals all over the world, where 228 employees are in Indonesia.

    Mike Green is the current Managing Director of their global brand. He has worked in the real estate industry for over 25 years and owned Mike Green Real Estate Ltd in Auckland.

    Property types and areas

    You can find both residential and commercial properties for sale and lease on their website. They sell properties from all over the country. You can find more than 3,000 residential properties currently listed on their website.

    Services offered

    The services offered by Harcourts Indonesia include property management, residential sales and lease, and commercial and industrial lease and sale.

    Office address

    Panin Tower 18th Floor, Senayan City Area, Jl. Asia Afrika No.3, RT.1/RW.1, Gelora, Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10270, Indonesia

    FAQ

    Below I have listed some commonly asked questions and my replies. If there’s anything else you wonder about, feel free to write a comment below or send us an email.

    How much are real estate agent commissions in Indonesia?

    The commission rate is set to 5% which is high compared to other countries in the region.

    In Cambodia, you pay 2% – 3%, and in Hong Kong 1%. Of course, you need to take the property value into consideration, but these are just comparisons.

    What are the regulations when buying property in Indonesia?

    Indonesia is one of the least favorable countries to buy property due to its strict foreign property ownership regulations. High taxes are also a primary reason.

    At the moment, foreigners can’t even get freehold ownership of condos, which is unique in the region.

    The government understands the issue and has tried to introduce more relaxed regulations, unfortunately with little effect as things are still not sufficiently clear.

    In the coming years, we will probably see changes to the current regulations if Indonesia is to compete with other countries in the region.

    Can I buy property through a company?

    Yes, setting up a so-called PMA company is a common choice for companies that invest in commercial properties, for example.

    It’s also popular for individual investors who invest in residential units. For more information, I recommend you check my separate article that explains how you can buy commercial property in Indonesia.

    Investing in real estate through a PMA company is a preferred and more secure option compared to using a local nominee.


  • Disclaimer: The content on this website is provided for general information about buying property in Asia, developments, agencies, regulations, taxes, and other related topics. However, we don't guarantee that we keep the content up to date or that it's free from error. We do make mistakes from time to time. We never provide legal advice and financial advice of any sort.
  • 10 Responses to “Top Real Estate Agencies in Indonesia: The Definitive Guide

    1. Fenny at 2:52 am

      Hi Marcus,

      My name is Fenny, and i business develoment in Bali, we have project in Gili and Bali and need to cobroker with some property agency in Jakarta as well, please email me if you could help me. Thanks Fenny

      1. Marcus Sohlberg at 2:57 pm

        Hi Fenny,

        I’ve sent you an email.

    2. Iwan at 10:49 pm

      Hi Markus,

      I am an Indonesian Property Agents company which want to sell our portofolios for international market. Most of our projects are in Bali. I am looking for establishing cooperation with your company. How do we start to do that?

      1. Marcus Sohlberg at 6:39 am

        Hi Iwan,

        Please send a request by visiting the main menu item “Advertise” or through the contact form.

      2. Morgan at 3:41 pm

        Hi Iwan, I am a property agent from Malaysia and I am attached to a very established property agency with operations in most countries in Asia as well as in Australia, England and India. We are aggressively looking for business partners in Asia and as part of our expansion program. I will be more than glad to discuss this with you on your projects and to open up opportunities for your agency to tap on our vast platform to benefit your agency and agents as a whole.

        Looking forward to hearing from you.

        Warm regards
        Morgan

        1. Marcus Sohlberg at 5:32 am

          Hi Morgan, can you please send us an email via the contact form and then we will review.

    3. Jing Jie Lim at 12:08 am

      Our company has recently done a bulk purchased in Kuala Lumpur, Malaysia. We understand that your company is very well established in Indonesia with a wide range of customer base.

      Hence, we would like to schedule an appointment with you and discuss about the potential collaboration or appointment to sell these units.

      1. Marcus Sohlberg at 11:44 am

        Hi Jing Jie, please send us an email through the contact form with some more details and then we can continue from there.

    4. Jonathan Loo at 2:40 pm

      Hi Marcus,

      We are a residential property developer from Thailand, specializing in condominiums, detached homes and hotels in Thailand.
      Currently we are looking for agencies to collaborate with us in marketing our projects.

      1. Marcus Sohlberg at 11:44 am

        Hello Jonathan, kindly send us an email through the contact form then we will look into this further.

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