Property Research & Valuation
Property research, valuation advisory, and asset management for better investment decisions.
CIPHER is an independent research, advisory, data analytics, and capacity building institution based in Jakarta, Indonesia.
CIPHER was established to support evidence-based decision making across property, economics, public policy, human development, social impact, and sustainable development.
We combine academic rigor, professional integrity, data-driven analysis, and a strong commitment to human dignity and sustainable development.
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Property research, valuation advisory, and asset management for better investment decisions.
Regional economics, fiscal and tax policy, and regional development analysis.
Public policy studies, evidence-based program monitoring and evaluation.
MSME and cooperative development for inclusive economic growth.
Health, stunting, social impact studies and human-centered development.
Data analytics, artificial intelligence, geospatial analysis, and ESG for digital solutions.
To become a leading independent research and advisory center that advances property knowledge, human dignity, and economic development through evidence-based, data-driven, and socially impactful solutions.
CIPHER is committed to delivering research and advisory services that are credible, independent, practical, and impactful. We work to ensure that every study, program, and recommendation contributes not only to better decisions, but also to a more inclusive, resilient, and sustainable future.
Paradoks sedang terjadi di Indonesia. Ekonomi dilaporkan tumbuh rata-rata 5% setiap tahun tapi jumlah kelas menengah mengalami laju penurunan. kelompok yang selama ini menjadi tulang punggung konsumsi domestik justru mengalami tekanan yang semakin berat, yaitu masyarakat kelas menengah. Mereka bukan kelompok miskin yang menerima berbagai bantuan sosial. Mereka juga bukan kelompok kaya yang memiliki bantalan aset dan investasi yang besar. Kelas menengah berada di tengah-tengah, menjadi mesin konsumsi, pembayar pajak terbesar, sekaligus kelompok yang paling rentan mengalami penurunan status ekonomi saat terjadi guncangan.
Introducing CIPHER — an independent research, advisory, and data analytics institution in Jakarta.