A Luxury Residence in South Jakarta, Savyavasa Closes 2025 with Its Strongest Sales Performance, Underscoring the Enduring Appeal of the Dharmawangsa Area.
Jakarta, 6 January 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.
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.
Discover more on Savyavasa's facilities and gallery here.
About Savyavasa
Savyavasa is a luxury residential development by PT Jakarta Setiabudi Internasional Tbk. and Swire Properties, comprising three towers set amongst three hectares of lush landscape located in the upscale neighborhood of Dharmawangsa, South Jakarta.
Savyavasa seeks to redefine luxury housing and property in Indonesia by integrating Swire Properties’ world-class expertise in designing and developing residential properties, and Jakarta Setiabudi Internasional Group’s rich real estate experience in Indonesia. Visit the official website savyavasa.com or follow Instagram @savyavasa for more stories.
About Swire Properties
Swire Properties develops and manages commercial, retail, hotel, and residential properties, with a particular focus on mixed-use developments in prime locations at major mass transportation intersections. Swire Properties is listed on the Main Board of the Stock Exchange of Hong Kong.
In Hong Kong, its investment portfolio includes Taikoo Place, Pacific Place, Cityplaza and Citygate. The Company’s completed portfolio in Hong Kong comprises approximately 1.54 million sqm (approximately 16.5 million sq ft) of space.
On the Chinese Mainland, Swire Properties has six completed mixed-use developments. They include Taikoo Li Sanlitun and INDIGO in Beijing, HKRI Taikoo Hui and Taikoo Li Qiantan in Shanghai, Taikoo Hui Guangzhou and Taikoo Li Chengdu. Taikoo Place Beijing^, Taikoo Li Xi'an, Sanya development project (Phase 3)@, New Bund.
Mixed-use Project@ and Lujiazui Taikoo Yuan in Shanghai and Taikoo Li Julong Wan Guangzhou are currently under development. The Company’s completed portfolio in the Chinese Mainland comprises approximately 1.3 million sqm (14 million sq ft) of space.
In addition to Hong Kong and the Chinese Mainland, the Company has a presence in Indonesia, Vietnam, Singapore, Thailand and Miami, USA.
Swire Properties has achieved global leadership in sustainable development with its No. 1 ranking in the Dow Jones Best-in-Class World Index 2024 (formerly known as Dow Jones Sustainability World Index), in the Real Estate Management & Development Industry category.
Visit Swire Properties’ website at www.swireproperties.com
^Taikoo Place Beijing will include the existing INDIGO upon completion.
@Project name to be confirmed.
Visit Swire Properties’ website at www.swireproperties.com
About JSI Group
JSI Group is a real estate investment company and an operating holding company concentrating on property and hospitality. JSI was established in 1975 with the vision to be a world-class property investment & development company.
Building on heritage as one of the first property developers in Indonesia, the JSI Group has built a reputation of quality and integrity earned over more than 40 years. As a developer of luxury resort hotels, residential, office, and retail buildings, the company brings together passion for excellence and a spirit of innovation through a process of rigorous discipline. Visit JSI Group’s official website at www.jsi.co.id.
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Danti Yuliandari Myneuver International
