New international shipping link news - Davao/General Santos Philippine cities to Tahuna/Bitung Indonesia

A group of traders from the Davao and General Santos cities, Philippines are prepared to go on a trade mission to Manado, North Sulwesi, Indonesia. This is in order to conclude the details of the Davao City/General Santos City to Tahuna/Bitung (Indonesia) shipping route services that would commence next month.

The Indonesia’s PT Kanaka shipping line of MV Beverly will depart from Bitung, Indonesia, on 18^th July for the prepositioning of container vans which will be utilised for shipping services. This is according to the Mindanao Development Authority (MinDA) director of public affairs and investment promotions. The ship has a capacity of 120 twenty feet equivalent units or TEUs.

STR Global Hotel Reports - Asia Pacific

STR Global have reported hotels within the Asia Pacific region experienced positive results during May this year. The region's occupancy during the month grew by 3.2% to 67.6%; its daily average rate ended the month virtually flat with a 0.1% increase to US$115.10; with its revenue per available room increased by 3.3% to US$77.80.

The Philippines excelled by occupancy growth, increasing from 13.7% to 70.6%, owing to an increased demand of 17.6%. Indonesia also experienced positive growth rate during May, increasing by 10.7%. This is one of the highest increases of the Asia Pacific, principally motivated by Jakarta, increasing rates by 12.1%.

Highlights from significant market performers during May in local currency (year-over-year comparisons):

Favehotel to open six more hotels in Indonesia

Archipelago International’s Favehotel brand is to continue to rapidly expand by launching six more properties across four Indonesian cities, namely Jakarta, Cilacap, Padang and Pekanbaru.

The capital, Jakarta will house three of the new Favehotels, commencing with an 84 room Favehotel Zainul Arifin, this coming September. A 110 room Favehotel Pasar Minggu will follow a year later, during the second quarter of 2015, before the final Jakarta Favehotel accommodating 100 rooms, Favehotel Grogol Jakarta, will open during the final quarter of 2016.

Also opening during the final quarter of 2016, will be a 120 room Favehotel Cilacap, Central Java. Sumatra Archipelago is to quarter the Favehotel Olo in Padang and Favehotel Sudirman in Pekanbaru, both during the final quarter of next year.

Therefore, Archipelago International will experience over double its collection of hotels within the country over the next few years. In fact, Archipelago International will be establishing 33 new hotel projects all by the end of this year, as next year is already set to establish a further 37 hotels.

Archipelago describes Favehotel as a ‘select service’ brand, with amenities including free Wi-Fi and flat-screen TVs in all rooms, often featuring cafes and meeting rooms. 

There are an existing 27 Favehotels situated throughout Indonesia and Malaysia, ten of which are within Jakarta and four in Bali. Archipelago also plans to launch the brand in the Philippines during the near future.

The big 6 Asian markets of 2014

Yesterday, BlackRock released its investment outlook for Asian equities and credit, where it was reported Indonesia, China, India, Japan, Korea and Taiwan are the significant markets to watch during the latter half of this year.

This is as it was claimed structural reforms remain to dominate the agenda and outlook for stock markets across the region.

China

The head of Asian equities at BlackRock claimed that the Chinese leadership continues to motivate the domestic reforms process, as there has been added value and risk as the year has progressed. This is particularly in the energy and industrial sectors.

India

The election win of the BJP may access India’s potential by rebooting its investment cycle. The decisive election result may improve government decision making and execution, which in turn would boost investment in energy and infrastructure, opening more employment opportunities.

Korea and Taiwan

According to a representative from BlackRock, Korea and Taiwan should be beneficiaries of global and improved export growth.

Japan

Japan remains to add liquidity even as the economy absorbs the increase in consumption taxes. Investors should expect more reform progress.

Indonesia

The market has delivered exceptional returns so far during 2014. However, Indonesia is currently under elections, with market positioning, valuations, plus the risk of negative surprise subsequent of the upcoming July elections adding some caution. Although, any sell-off following the election would be a buying opportunity.

DoubleTree Hilton - The latest hotel, hospitality and leisure news

Do you remember when Commercial People updated you with the news of DoubleTree by Hilton Jakarta opening in Diponegoro? They finally opened to guests last week as the first Double Tree in Indonesia.

Situated upon 1,400m² plot of land in Cikini, Central Jakarta - Diponegoro quarters 253 guestrooms including 11 suites and executive rooms. It has three dining outlets, with a ballroom plus meeting rooms, as well as an outdoor swimming pool with a children’s pool, as well as around the clock business and fitness centres.

This DoubleTree marks the addition of a third brand to Hilton Worldwide’s portfolio in Indonesia. The other two being Conrad, Bali and Hilton, Bandung.

Going forward, the group are to establish its Hilton Garden Inn brand in the Bali airport during August/September, plus a second property in Kuta, Bali during 2016. Further in the pipeline is Waldorf Astoria, opening in Jakarta and Uluwatu, Bali during 2017.

The vice president of operations – South East Asia, Hilton Worldwide have claimed that they would love to have each brand in Jakarta. Considering Jakarta’s scale, there could be more than one Hilton Garden Inn.

Within a mature market such as Bali, there has also been demand for hotels such as Hilton and DoubleTree by Hilton and Hilton.

Medan and Balikpapan are also being considered for Hilton or Hilton Garden Inn. Medan is the second largest city of Indonesia with a combination of leisure and business markets, as Balikpapan quarters gas and oil businesses.

Ensign Media announces Asia Villa Awards!

After nine successful years of the Property Awards, Ensign Media has announced the inaugural Asia Villa Awards will be held this year.

Acknowledging the finest luxury villas in the region, the awards will differ from the Property Awards as it celebrates single properties rather than developments, acting as an essential tool in aiding holidaymakers select the ideal property for their vacation.

Ensign Media’s CEO, Terry Blackburn, claimed Asia as being renowned around the globe for its high-quality villas of fine architecture, design and breath taking locations. Asia has an extensive range, with these awards celebrating the best of them to give visitors assurance that they are selecting an award winning villa for their stay in Asia.

The first edition of the Asia Villa Awards this year, will celebrate the best villas of Thailand, with the Indonesia edition following during the first quarter of 2015. Similar to the Property Awards, a rigorous and fair entry process will ensure that only the most deserving properties succeed. An independent panel of judges will select the award winners, with thorough site inspections of all shortlisted properties.

The first Awards will be presented at a cocktail reception in Phuket, this November. No nominations are necessary, with direct entries already open to villa owners and agents now.

Brand New Promo Video!

Happy Friday everyone! Commercial People have been cheery and busy, busy, busy in the office working on the upcoming websites and projects including this...

Visit www.commercialpeople.co.id, there are some elegant apartments on offer!

Also, visit www.commercialpeople.co.uk, Acorn Commercial have uploaded more properties!

Keep following us on all our pages, including Facebook and Twitter! You'll be first to find out which countries Commercial People will be launching in next! Thanks for all the likes and follows!

Also, don't forget... You saw the above video first! Like and share if you enjoyed!

Have a great weekend! 

Indonesia's first floating airport!

Central Java’s Ahmad Yani International Airport in Semarang, is to become Indonesia’s first “floating” airport. This is as the latest expansion project includes a new passenger terminal to be built on a platform on water.

The president director of state run airport operator, PT Angkasa Pura I, managing airports in the Eastern part of Indonesia — announced that the expansion would allow the airport to host up to six to seven million passengers each year, up from 3.2million from the end of last year.

International tyre maker opening plant in Indonesia

Taiwanese Cheng Shin Rubber Industry Company, one of the country’s leading tyre suppliers, have announced they will invest US$300million in constructing a plant in Indonesia.

The construction is scheduled to commence early next year, with operations expected to begin production towards the end of the same year. The company is to target the Indonesian domestic market rather than exports, as revealed by the Cheng Shin President during a yearly general meeting for share holders.

The automotive market of Indonesia is said to be rapidly growing, encouraging Cheng Shin's clients to request towards the Taiwanese supplier to establish local production lines.

It was informed that the company's shareholders with Cheng Shin, plans to use the Indonesian market as a springboard to enter other Muslim markets.

A fund raising campaign is also to aid for the Indonesia investment.

When the Indonesia factory becomes operational, there are plans for a wider global production base in Asia, including plants in China, Taiwan, Thailand, and Vietnam.

Indonesia calling for electricity engineers

The electricity market of South East Asia is set to boom, this is according to Frost and Sullivan.

This is motivated by an expanding residential sector and the industry's replacement of old fashioned electromechanical metres with more newer technologies - particularly in Indonesia, Malaysia, the Philippines and Vietnam.

Revenues of the market (including electronic, electromechanical, prepaid and advanced metering infrastructure (AMI)/automatic metre readers), were US$403.9million last year -- expected to grow to US$483million in 2018.

PT Sitara Propertindo to raise 460 billion IDR

It has just been revealed that PT Sitara Propertindo property developer plans to raise up to 460billion rupiah ($39million) from an initial public offering next month.

The company will sell as much as 4billion shares, or almost 40% of its enlarged share base, at a price range between 105-115 rupiah each. The price will be set following book building. It is expected the Sitara shares will be listed on the July 11 Jakarta stock exchange.

Sitara's portfolio includes housing estates and townships, hospitality and warehousing areas in the greater Jakarta region. This is as well as other cities in West and Central Java.

Sitara will be the latest following a number of other initial public offerings in Indonesia. Earlier this month, PT Link Net internet service provider made a strong trading debut, leaping as much as 50%.

Latest property market news - Lippo group

On Wednesday, Lippo Group broke ground with a mixed-use shopping mall in Kupang, East Nusa Tenggara, in its latest endeavour to develop beyond Java.

The director revealed Lippo Mall Kupang will be built across four hectares, costing approximately Rp600billion ($51million).

The 40,000 square metre shopping mall will quarter Matahari Department Store, Hypermart, as well as the Lippo Group’s movie theater chain, Cinemaxx.

The Kupang mall is amongst the Lippo Group’s major plan to tap into the property market of East Nusa Tenggara.

The group is currently also building a branch of its private hospital chain - Siloam Hospitals – nearby the Lippo Mall Kupang, expected to open in October. It will cover an area of approximately two hectares with 320 rooms alongside 250 catering for patients.

Furthermore, the Jakarta based group will also construct a Lippo Group office, upon an area of approximately two hectares, on the site.

Last year, Lippo inducted the Kupang branch of its hypermarket chain, Hypermart, through Matahari Putra Prima — its lifestyle retail unit.

Beyond Kupang, the property conglomerate is also presently undertaking several projects within areas outside Java - Including Makassar, Padang, South Sulawesi and West Sumatra.

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http://www.commercialpeople.co.id/microsites/1/

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Find your 5 star studio apartment.

Bali rising for world class events

The RIMBA Jimbaran Bali has recently opened within the AYANA Resort and Spa covering 90 acres, with a capacity of groups of up to 450 rooms on property.

This opening above Jimbaran Bay has further enhanced Bali Island’s facilities for world class events. With 282 rooms and suites added to AYANA’s 368 rooms and villas, RIMBA supports accommodation needs for corporate and wedding groups. Accommodation options range from private pool villas to members’ executive suites as well as standard rooms. Furthermore, RIMBA houses its own meeting rooms, event spaces and ballrooms to supplement AYANA’s extensive facilities and oceanfront venues.

The integrated resort concept has established a new market for the property. During April, RIMBA was booked out by a multinational technology corporation’s incentive program across five days. Over 600 guests were accommodated from the Presidents Club APJ 2014 event, between RIMBA’s ‘buy out’ and AYANA’s Villas, enjoying exclusive use of RIMBA’s facilities as well as easy access to events, dining and spa treatments at AYANA.

Welcome Capitol Suites!

Hello, Indonesia! We hope you're having a great weekend.

We are very happy to announce that we have some new Commercial People -

Capitol Suites!

Capitol Suites are an apartment complex offering 5 star, luxurious residential space. This is as well as heavenly facilities including a gym and pool! This is all under safe security, right in the heart of Jakarta.

So keep an eye out for them on www.commercialpeople.co.id! For your dream studio apartment.

Commercial People update - UK website launch

Hello, everyone! We hope you're having a good week so far! We also hope you have enjoyed browsing www.commercialpeople.co.id, our Indonesian site, because we are now also proud to introduce to you:

 

www.commercialpeople.co.uk

 

Our London HQ website - A property portal like no other! Users and agents alike would be happy to know of our special and unique features to be found only when signing up with us - But you can only be first to find out more by visiting and contacting us via the website!

 

Of course, we haven't stopped here at Commercial People - We are a global company! We are all enthusiastic as we are currently working ahead on our other websites. But can you guess which country we'll launching in next? Just know that we are not working only on one country's website, not two, nor three either... But so much more!

 

We've also got a surprise in store for everyone... Just make sure to keep following our blog! You can easily follow http://commercialppl.blogspot.co.uk and http://commercialpeopleid.blogspot.com using your Google account. Don't forget we are also on Facebook, Twitter, LinkedIn and Pinterest.

 

Join the Commercial People! We'll see you at www.commercialpeople.co.id and www.commercialpeople.co.uk :)

Microsoft shifting into Asia Pacific as technology is growing

Cesar Cernuda, president of Microsoft’s Asia Pacific business - selling devices, software and services in 39 countries and territories quartering one billion people – took his job in Asia, last year in Singapore. This is as he exemplifies the worldwide reach and perspective of a company, seeking to make up for lost ground by concentrating more on emerging markets – where the smartphone era has also just begun to emerge.

He believes China and India may receive the most attention for the Asian business, due to the large sizes of the countries. However, he claimed of Indonesia being expected to become the fourth largest economy in the world by 2050.

Indonesia’s future and its interesting culture towards how technology is currently utilised, has been acknowledged. An emerging country, Indonesia is acknowledged as a young country—the population has an average age of 28—enthusiastic towards technology. Microsoft’s share of the Indonesian smartphone market is expected to triple this year.

Consumer confidence in economy!

Bank Indonesia's consumer confidence survey revealed Indonesian consumers were more optimistic during May 2014 compared to its preceding month. Consumer confidence in South East Asia's major economy increased to 116.90 during May from 113.90 during April. The confidence indicates that Indonesian consumers are more optimistic about the current Indonesian economy condition as well as conditions over the upcoming six months. The result during May was also higher compared to the same period during 2013 (at 112.8).

The survey revealed that in 12 out of 18 Indonesian cities, consumers showed more optimism in regards to the economy. The highest increase was found within the Bandung (9.3) and Bandar Lampung (10.2) cities.

Based upon spending, consumers who spend at least IDR5million (USD$423) per month, tended to show the largest growth in confidence.

Luxury U.S. real estate group moving into Asia Pacific

A Chicago, U.S. based real estate group, focusing on luxury properties, in recent times established a corporate office in Singapore to expand its coverage to established as well as emerging Asian markets.

The company, specialising in over USD one million homes, will concentrate on Asia Pacific investors from mainland China, Hong Kong, India, Japan, plus New Zealand, targeting the region’s rising property hotspots including Indonesia, Malaysia, the Philippines and Thailand.

The group have claimed their members have encompassed efforts to target Asian consumers, striving for a better understanding of cultural preferences, acknowledging the potential impact on their businesses.

The upcoming Luxury Portfolio Immersion Conference of China was recently announced—quartering around one million Chinese millionaires from 20^th to 22^nd July. This will give a further understanding of the rising power of Chinese investors.

The luxury property group operates in 30 countries having produced approximately USD314billion in sales last year via 200 luxury affiliates.

New residential project in Papua

A subsidiary of property giant Ciputra Development, Ciputra Surya will begin construction on a new residential project by the end of this year in Jayapura, marking the company’s venture into Papua Island.

The project will compose approximately 38hectares of landed residence, as reported by the director of Ciputra Surya.

The listed property developer is presently undergoing preparations for construction, having already assessed the potential of Jayapura from flight frequencies to purchasing power.

Metland developing three new commercial and residential projects this year

Beautiful Botanical Gardens in Bogor, near where the first mall of Cileungsi will be built

Property developer, Metland (officially Metropolitan Land), are to commence construction of three new commercial and residential projects throughout Indonesia this year.

Announced at the company’s press release, one of the projects prepared is to be a commercial and apartment complex within West Jakarta, marketed as Metland West City. It is due to launch by the end of 2014. Following the company’s yearly shareholder’s meeting in the Jakarta capital on Monday, the investment value of Metland West City is still to be determined.

Metland West City will be developed across 60hectares, with around half to be allotted to commercial development.