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 [...]
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 [...]
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 [...]
Banyan Tree is showcasing its portfolio of luxury properties around Asia to high net worth individuals at the Landmark Mandarin Oriental in Hong Kong on March 26-27. On display will be the Banyan Tree Residences, a collection of luxury villas, townhouses, and apartments in four main locations: Phuket, Bangkok, the Indonesian island of Bintan neighbouring [...]
KOP Properties unveils the first luxury five-star luxury residential project on the Indonesian island of Batam.
Phase One of Treasure Bay, a world-class waterfront city, is set to start with Thai architect and landscape design teams.
With Indonesia’s strong economy, expanding middle class, growing housing loan market and increasing demand for high-end real estate in the residential, commercial and retail segments, the fundamentals for the local property market are solid, writes Josh Franken of Oxford Business Group.
Indonesia’s property industry should grow about 20 to 30 per cent this year according to to Hiramsyah Thaib, president director of large developer Bakrieland Development. “Housing demand is still quite high, and on the other hand the economy keeps improving and the rate of housing credit is reaching its lowest point. The property business will [...]
Favorable economic condition and low interest rates are the main contributors to the growth of the property sector, according to Study Center.
Report notes “spectacular” 34% year-on-year increases in Singapore, but cites poor performing markets in Thailand, Indonesia and the Philippines.
Property broker Century 21 Indonesia reported transactions valued at RP2.7 trillion (US$300 million) in the first half of this year.
Dubai property giant denies it has withdrawn from US$600 million resort project.
The Indonesian government will reissue tender for Lombok resort after Dubai-based Emaar pulls out citing financial problems.
Second quarter increase is in line with improving economic conditions, according to new research.
Lack of proof of an environmental impact analysis leads local assembly to order work to be ceased
Indonesia’s outstanding property credit rose to Rp200.74 trillion (US$21.6 billion) by March 2010, up from Rp193.07 trillion a year before on growing property demand. Housing credit surged 18.82 per cent to Rp176.8 trillion, Muhammad Ali, the corporate secretary of Bank Rakyat Indonesia said quoting figure form the Indonesian Economic and Finance Statistics. Ali said lower [...]