Makassar Real Estate Market Outlook: Why Pay Attention to the City?

Makassar – South Sulawesi's largest city – has been receiving increasing attention from real estate investors in recent years. The city's dynamically developing economy, improving infrastructure, and growing population create an environment where the attractiveness of housing prices and rental opportunities is continuously strengthening. It's no coincidence that more and more experts and investors consider Makassar a potential target in the Southeast Asian real estate market.

Growing Demand and Urbanization

Makassar shows a rapid urbanization pace, driven by internal migration to the city and the development of the local economy. People are moving to the city in hopes of better work and quality of life, continuously increasing the demand for housing and rental apartments. This is particularly strong in the central parts of the city, where demand for residential and office buildings is steadily rising.

Price and Rental Trends

Real estate prices in Makassar are gradually increasing. In the city center, prices per square meter are higher, while in suburban areas, properties can be purchased or rented with relatively lower entry costs. This duality offers opportunities for investors seeking both value appreciation and stable rental yields.

The rental market is also showing vitality: demand for downtown and surrounding apartments is continuous, especially among young professionals, students, and foreign workers. This trend enables more stable rental yields for investors thinking long-term in the real estate market.

Infrastructure and Developing Urban Environment

Several infrastructure projects are underway in Makassar, with further developments planned, aimed at ensuring better accessibility and livability for the city. Improving transportation connections and new residential projects attract both local and international interest. Better roads, utilities, and urban services contribute to improving urban quality of life, which can have a positive long-term impact on property values.

Attractive Investment Target

Makassar is attracting the attention of not only locals but also an increasing number of foreign investors. This is partly due to the city increasingly becoming a regional economic center and offering a more favorable alternative compared to more expensive metropolitan markets. The city's growing community, business opportunities, and expanding service sector are all factors indicating long-term investment potential.

Different opportunities are available in various neighborhoods of the city: in central areas, it's worth concentrating on classic, stable price growth, while in outer districts, better rental yields can often be achieved with lower entry costs.