Top Real Estate Agencies in Indonesia: The Definitive Guide

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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.


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    AsiapropertyHQ.com is not licensed to deal with any property situated in Hong Kong. We are not an estate agent or salesperson.
  • 19 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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    7. James Tan at 3:22 pm

      Hi Marcus,

      I understand that your company is highly prominent in the real-estate industry in Indonesia.

      I am a real-estate salesperson at ERA Realty Network Singapore. I am
      Currently, my company and myself are looking for agencies to collaborate with us in marketing our commercial and residential projects.

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    9. Jonathan Loo at 2:51 am

      Dear Marcus,

      My name is Jonathan and I am the Product Director of Knightsbridge Partners, Hong Kong. We are the master agency of three property agencies with offices in Hong Kong (our headquarter) and Vietnam and Thailand. We have been selling overseas properties since 2013. With more than 150 employees, we are currently the largest agency in Hong Kong that focus on selling overseas properties.

      About Us:
      Knightsbridge Partners is a master agent that own 3 agencies in Hong Kong:
      Asia Bankers Club (www.asiabankersclub.com) – targeting bankers & professional investors
      Golden Emperor (www.goldenemperor.com) – targeting middle income clients in Hong Kong
      Ashton Hawks (www.ashtonhawks.com) – targeting high net worth clients in Hong Kong
      We partner with some of the largest developers such as CapitaLand Vietnam, Sonkim Land, Gamuda, ParkCity in Vietnam. Sansiri and Origin in Thailand. Renaker, Berkeley, Ballymore in the UK. Lendlease Malaysia, ParkCity and Hap Seng Land in Malaysia. We assist developers in properties sales, marketing materials, exhibition support, PR & branding and scale model making.

      Beside Hong Kong we are also keen to find business partners around the world to cooperate with us to promote our exclusive projects. Do let me know if you are interested in partnering with us. I am happy to arrange a call to discuss the opportunity further.

      Thank you and look forward to hearing from you soon.

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    12. Taco at 3:00 am

      Hi Markus,

      For our company we are looking for referral partners in different areas in Indonesia. We would like to connect to agencies that are looking for more international referrals and connect with our 550 partners globally.

      Let me know what would be the best way to connect.

      Best regards,

      Taco Heidinga
      Head of APAC, Leading Real Estate Companies of the World

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