Jakarta ($24/sqft, 31.4% vacancy) and Singapore ($102/sqft, 5.4% vacancy) compete on different axes: Jakarta on rent and tax and Singapore on talent depth.
Jakarta ($24/sqft, 31.4% vacancy) and Singapore ($102/sqft, 5.4% vacancy) compete on different axes: Jakarta on rent and tax and Singapore on talent depth.
| Metric | Jakarta | Singapore |
|---|---|---|
| Region | APAC | APAC |
| Country | Indonesia | Singapore |
| Class A rent (USD/sqft/yr) | $24 | $102 |
| Class A rent (local) | 380000 IDR | 138 SGD |
| Vacancy | 31.4% | 5.4% |
| Trend | softening | rising |
| Prime yield | 6.8% | 3.6% |
| Premium flex / seat / month (USD) | $290 | $1,180 |
| Submarkets covered | 5 | 6 |
| Corporate tax | 22% | 17% |
| Metric | Jakarta | Singapore |
|---|---|---|
| Typical term | 3 yrs | 4 yrs |
| Typical rent-free | 6 mos | 6 mos |
| Lease norms | Net leases. 3-year terms with renewal options standard (HGU/HGB land tenure considerations apply). Free rent of 4-9 months on a 3-year deal. | Singapore leases are typically 3-5 years, gross-rent based with the landlord covering most operating expenses inside the rent. Rent-free of 4-9 months on a 5-year term is standard. Rent reviews on renewal are open-market. Bank guarantees of 3-6 months are routine. Reinstatement at lease-end is contractual and usually significant — budget for it. |
| Tax note | 22% Indonesian corporate income tax. 11% VAT. R&D super-deduction available. Special Economic Zones offer tax holidays for qualifying activities. | Headline corporate tax of 17%, with a partial tax exemption for the first SGD 200,000 of chargeable income. A network of double-tax treaties and the Singapore Variable Capital Company (VCC) regime make Singapore particularly attractive for fund managers and family offices. |
| Metric | Jakarta | Singapore |
|---|---|---|
| Talent index (0–100) | 72 | 92 |
| Talent note | Deep banking, consumer goods, and resources talent. Strong feed from University of Indonesia, ITB, Gadjah Mada, and major private universities. Bahasa Indonesia and English bilingual professional base. | Premium APAC talent hub. Average all-in compensation indexes 92 vs. New York's 100. |
Jakarta: MRT Jakarta (North-South Line, East-West under construction), LRT Jakarta, TransJakarta BRT, KRL commuter rail. Soekarno-Hatta Airport connected via Airport Rail Link.
Singapore: The MRT network reaches every CBD address. Changi Airport is 20 minutes by MRT or taxi. Jurong Region Line and Cross Island Line expansions are extending the catchment.
Jakarta is the cheaper Class A market on a USD basis.
Singapore has the deeper talent index (92/100 vs 72/100).
Singapore has the lower headline corporate tax (17% vs 22%). Local incentives can change the effective rate materially.
Jakarta typical term is 3 years with 6 months free; Singapore runs 4 years with 6 months free.
Jakarta: MRT Jakarta (North-South Line, East-West under construction), LRT Jakarta, TransJakarta BRT, KRL commuter rail. Soekarno-Hatta Airport connected via Airport Rail Link. Singapore: The MRT network reaches every CBD address. Changi Airport is 20 minutes by MRT or taxi. Jurong Region Line and Cross Island Line expansions are extending the catchment.
Score Jakarta, Singapore and up to two more markets side-by-side on Class A rent, vacancy, talent, corporate tax, and premium flex pricing — all in USD.
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.