Undervalued Positions: How New Projects Will Support Indonesian Developers in 2026

The Indonesian real estate market is gearing up for a new high in 2026 despite challenging conditions in the previous year. In 2025, the overall pre-sales aggregate fell by 7% to IDR 24 trillion. However, analysts forecast growth in 2026, driven by extensive plans for launching new projects. Various developers, including PT Summarecon Agung Tbk and PT Bumi Serpong Damai Tbk, have announced ambitious projects poised to significantly enhance their financial performance. The Indonesian property sector is traded at the lowest prices in the region with a P/E ratio of 7.4 and P/B of 0.6. Nevertheless, it continues to demonstrate solid ROE and low leverage levels. Analysts note that the current situation presents market opportunities for investors with a long-term outlook. Overall sentiment remains positive due to attractive yields and growth prospects. A significant improvement in pre-sales forecasts is expected in 2026, driven by a strong project pipeline and market sentiment. In light of these promising prospects, investors are advised to focus on four key real estate stocks: BSDE, PWON, CTRA and SMRA.