Stallone Tjia
Jan 21, 2026
Against a backdrop of global economic volatility, Indonesia's premium residential sector has defied expectations. In 2025, while international markets grappled with uncertainty, Jakarta's high-end property segment demonstrated remarkable momentum, with Dharmawangsa emerging as the epicenter of demand.
Indonesia's High-End Property Thrives Amid Global Uncertainty
Savyavasa, a luxury apartment development in South Jakarta jointly developed by PT Jakarta Setiabudi International Tbk (JSI Group) and Swire Properties, recorded its highest sales achievement to date in December 2025. This momentum reflects strong market confidence in the project’s strong fundamentals as it enters its imminent completion phase, underpinned by the developers’ proven commitment to delivery, with buyers increasingly prioritizing certainty of completion, privacy, and long-term value over short-term speculative considerations.
The Dharmawangsa Equation: High Demand, Zero New Supply
The timing is strategic. Dharmawangsa stands as one of Jakarta's last fully matured residential enclaves, a rare pocket of tranquility characterized by established greenery, low-density living, and proximity to the capital's premier business and lifestyle hubs. With land availability in the area effectively exhausted, no new luxury developments are planned for the foreseeable future.
This supply-demand imbalance has created what market observers describe as a scarcity premium. For buyers with a long-term horizon, the window to secure a Dharmawangsa address is narrowing.
“Throughout 2025, we have observed that buyers in the premium residential segment are increasingly focused on quality, certainty, and long-term value,” said Bram Van Hoof, COO of PT Jakarta Setiabudi International Tbk (JSI Group). “At this point, Savyavasa is particularly relevant for those seeking a high-quality residence within a truly curated living environment.”
An Urban Green Sanctuary Designed for Generations
As part of the resilient premium property market, Savyavasa has been developed as an urban green residence with a long-term vision. Approximately 70% of the total site is dedicated to green open spaces, while the remaining area is allocated to buildings and supporting facilities through a low-density approach that preserves environmental quality. The development is also designed to be pet-friendly, in line with contemporary urban lifestyles.
Tower 2 and Tower 3 feature two- to four-bedroom units designed to accommodate the needs of modern families and multi-generational living. The development focuses on spatial quality and the overall living experience, encompassing flexible layouts, enhanced privacy, and a green environment that encourages community interaction without compromising personal tranquility.
Elaborating on this approach, Thomas Rhodes, Head of Sales SEA at Swire Properties, stated that Savyavasa was designed with long-term relevance in mind, enabling residences to adapt to different life stages while consistently offering high environmental quality and a refined living experience.
2026: The Decision Point
With a confirmed completion scheduled in the beginning of 2026, Savyavasa presents a rare opportunity: a ready-to-occupy premium residence in an area where new residential developments has not existed for years. For prospective homeowners evaluating their next chapter, the equation is straightforward, favorable market conditions, a completed development backed by two established developers, and a location whose value is protected by its own scarcity.
The question is no longer whether Dharmawangsa remains Jakarta's most coveted residential address. The question is whether those who recognize this have positioned themselves accordingly.
