Strong domestic demand for property coupled with record levels of foreign interest are adding fuel to Indonesia’s red hot property market and the country has been tipped by experts as the region’s top investment destination this year. As a result, Ensign Media is delighted to announce that the inaugural Indonesia Property Awards will now take [...]
Indonesia’s property prices are not likely to correct within the next few years, according to a report by Natalia Sutanto, an analyst at Bahana Securities. Sutanto expects demand for property in Indonesia to continue growing as it is sustained by the country’s strong economy, reported the Jakarta Post. Demand for property will remain high in [...]
Strong demand from expatriates in Europe, India, Japan, Saudi Arabia, South Korea and the US has propelled apartment rental rates up by nearly 15 percent in Jakarta compared with the same period last year, a Bank Indonesia (BI) survey concluded. The survey shows a sharp increase in rental rates for upscale apartments in Jakarta as [...]
Investors in Bali are heading northward as land availability in the south, especially in Badung and Denpasar, continues to shrink, The Jakarta Post reported. During the last couple of years, investors have been targeting the coastline around Tanah Lot, in Tabanan, heading to the north of the regency due to the limited land availability in [...]
With only 10 days to go before the final judges meeting for the South East Asia Property Awards, we’re now in our final frantic round of site visits to long listed properties the length and breadth of the region. The logistical co-ordination on this is always a big challenge when properties are spread between Hanoi, [...]
Developers have noted a strong chance of a price increase in suburban Jakarta. According to The Jakarta Globe, Knight Frank Indonesia, a property research and consulting company, expects Indonesia’s property market to remain stable until the end of the year, despite a new central bank rule allowing the raise of the minimum down payment during [...]
Nominations are flooding in for the second annual South East Asia Property Awards, covering Singapore, Thailand, Indonesia, Malaysia, Philippines, Vietnam, and Cambodia.
Investments are pouring in to Bintan Resorts with a second resort development breaking ground in Lagoi Bay. Medan-based developer, PT Stareast Sejahtera, on Thursday held a groundbreaking ceremony on a 10, 000 sq m site for a four-star hotel called The Grand Lagoi officiated by the Governor of Riau Islands Province Haji Muhammad Sani. The [...]
Despite the global economic crisis, Jakarta property has never looked as good. Demand is progressively increasing and some international investors are now tapping into the booming market.
Luxury expert and property investment specialist Alexander Karolik-Shlaen looks at current international investment trends and how they are shaping the Asian property markets.
Agung Podomoro, one of Indonesia’s biggest property developers, plans R3 trillion (US$330 million) in capital expenditures next year as it focuses on property projects in the greater Jakarta area. The company plans to complete developments including the Green Bay Pluit superblock in North Jakarta and Kuningan City in South Jakarta, Indra Wijaya, vice president director [...]
Indonesia’s cement sales for 2011 may beat expectations due to large volume of real estate and infrastructure projects. The Indonesian Cement Association (ASI) said cement sales this year could exceed two previous forecasts. ASI projected domestic sales increase by 10 per cent to 44 million tons up from the previous year while an even earlier [...]
Tired with Jakarta’s lack of green spaces, entrepreneur and developer Ronald Akili, along with a team of architects, created a mini housing complex oasis in the south of the city. Tanah Teduh, which means ‘land of calm’, is located on a two-hectare plot in Jati Padang. “It’s such a beautiful piece of land with an [...]
Indonesian companies have expressed interest to team up with Malaysian counterparts to penetrate into the construction markets of developing countries. Malaysian officials said the companies want to partner with Malaysian companies in markets such as Algeria, Northern Africa, the Middle East and ASEAN countries. They also said they believed this to be the first time [...]
Bakrieland Hotels and Resorts, part of Bakrieland Development expects around Rp110 billion (US$13 million) in revenue this year from pre-sales of units at its latest planned resort in Bali. Nirwana Bali Golf Suites occupies 27,000 sqm lot in the 103-hectare Nirwana Bali Resort, also owned by Bakrieland. The development is located in Tabanan about an [...]
The June issue of Property Report South East Asia featuring the second annual “South East Asia’s Top 20 Resort Properties” list has hit newsstands and bookstores around the region. The highly anticipated segment lists the top 20 completed resort properties in South East Asia, as compiled by Property Report’s editorial team based on factors like [...]
The Indonesian property market is undergoing massive expansion, but most Indonesians will not be able to take advantage of it unless the government fixes the land laws, industry players have said. The current growth of the market has seen prices rise some 20 per cent or more per year in major cities, the Jakarta Globe [...]
Thirteen of the small Gili Islands that encircle Lombok, Indonesia have been sold illegally to private individuals, companies, and foreigners, officials recently alleged. Mahrip, the deputy distric head of West Lombok district in West Nusa Tenggara said that the islands had been fraudulently sold despite being listed as government officials, the Jakarta Globe reported. Ispan [...]
Industrial land in Indonesia has attracted increasing demand from both local and overseas buyers resulting in rising prices, says the latest report from commercial real estate broker and consultant Cushman & Wakefield. The report showed the average price of industrial land in Greater Jakarta and West Java grew in the Q1 2011. The prices jumped [...]
Analysts predict that Indonesia’s property sector will improve in 2011, despite increasing inflation and higher interest rates. Retail properties and office space will be the strongest performers as retail and business sectors grow, The Jakarta Globe reported. Tommy Bastamy, senior VP of research and consultancy at Coldwell Banker Indonesia, said he expects the property sector [...]