Hong Kong (CNN) -- Forget the red-hot property market of mainland China -- a new forecast says investors should be looking south.

Jakarta -- Indonesia's burgeoning capital of nearly 10 million people -- is predicted to be Asia's top real estate market in 2013, ahead of cities such as Hong Kong, Singapore and Sydney in "Emerging Trends in Real Estate -- Asia Pacific 2013," a real estate forecast released this week by PriceWaterhouseCoopers and the Washington D.C.-based Urban Land Institute.