Jakarta

top luxury housing markets jakarta
  • Price rise: 11.2%
  • Country: Indonesia

Wealth is spreading rapidly in the Indonesian capital. Jakarta has topped the index twice in the past four years as the growing ranks of the super rich buy up luxury property.

Knight Frank estimates the number of ultra-high net worth individuals in Jakarta will surge by 148% over the next decade.

The resource-rich southeast Asian country boasts plenty of economic potential, along with a young population that is moving to the cities.

First published May 20, 2015: 9:21 AM ET
The Knight Frank Prime Global Cities Index compares the performance of prime residential prices across key global cities. Prime property corresponds to the top 5% of the wider housing market in each city. Price rises relate to the percentage change from March 2014 - March 2015.

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