This paper is an attempt to explore the features of Indonesia’s post-New Order regime in terms of the reorganization of the spatial, economic, and socio-political order in the Jabodetabek region. Although buoyant property investments in the last seven to eight years significantly changed the skyline of the metropolis, this paper reveals that the basic pattern did not alter after the regime change, with major developers taking control of vast areas of suburban land and creating an oligopolistic order. This paper argues that this continuity was due greatly to the developers’ ability to organize and protect their collective interests through business associations and strong ties with political parties and the administration. The paper concludes that the emerging new regime comprises privatized urban governance in satellite cities, a dual government arrangement, and widening socio-spatial cleavages. So far, the tension inherent in this arrangement has been contained by measures such as the privatization of security and the political mobilization of Islam.