Doubletree Hilton opens in Jakarta

Hilton has finally opened a Doubletree hotel in Indonesia, which could only mean it must be the right to invest in hotels and leisure!

Diponegoro offers 253 rooms as well as seven events and meeting rooms, catering for up to 800 people. This is as well as a 24 hour business and fitness centres, all in the core of Indonesia, Jakarta.  

Agriculture is still important!

 

Two Indonesian companies have purchased Top End cattle stations in just over half a year. This goes to show that agriculture is still significant! This is as well as business in merchandise.

 

It is believed that Great Giant Livestock Co., the second largest cattle feedlot of Indonesia, has bought Willeroo Station from the Bruneian Sultan for $15.1million. This is as at the end of last year, the Japfa group of Indonesia, also known as Santori, purchased Riveren and Inverway for approximately $35million.

 

The Willeroo covers 170,000 in the South West of Katherine, estimated to hold a capacity of 22,000 cattle head. Following negotiations by Ruralco Property's Andy Gray and Steve Liebelt, the final deal included 17,000 cattle head.

 

A smaller property, also near Katherine is expected to be purchased by another Indonesian company in the near future, as Ruralco has commenced a marketing campaign to sell Moroak Station, also within the Northern Territory.

 

With agriculture still in play in South East Asia, why not search for your land or dream agricultural property at www.commercialpeople.co.id – Coming soon.

Latest Jakarta news brought to you by Commercial People

 

Great news in Jakarta, the city has been labelled as the ‘hottest luxury property market in the world’ for a second consecutive year, as reported by renowned property consultant, Knight Frank. Jakarta’s market was labelled the hottest out of 30 cities in the world, based upon having the highest increase in prices for real estate – an increase of 38% during the year 2013. This increase was almost exactly similar to the increase during 2012.

More great news for Indonesia, Bali followed not far behind as the third hottest luxury property market in the world, with a 22% gain - Perfect timing for the exciting developments under construction, within the city.

 

Thinking of investing in property? It is evident that Indonesia is the best place to start, so check out www.commercialpeople.co.id - Coming soon.

Emerging Asia—Home to hottest property markets?

Southeast Asian cities are seeing the fastest increase in prime property prices across all of Asia, according to independent global property consultancy Knight Frank.

"Developing Asia is seeing a much larger magnitude of growth in its indices than developed Asia," said Nicholas Holt, head of research for Asia Pacific.

He highlighted Thailand's Bangkok, Indonesia's Jakarta, Malaysia's Kuala Lumpur and Cambodia's Phnom Penh as four of the top five cities when ranked by growth in land prices.

Developer Pakuwon Jati Sees Profit Growth of 51% for 2013

Jakarta. Pakuwon Jati, a property developer, saw a 51.3 percent increase in profit last year on rising revenue.

Net income at Pakuwon rose to Rp 1.13 trillion ($99.3 million) last year from Rp 748 billion in the previous year. Revenue increased to Rp 3.03 trillion from Rp 2.16 trillion in a year earlier, the company said in a statement released in Jakarta on Monday.

Irene Tedja, head of investor relations at Pakuwon, said that development revenue — income from the sales of apartments and residential units — accounted for 53 percent to its total revenue.

The development revenue stood at Rp 1.59 trillion last year, Irene said adding that it had grown 30.6 percent from 2012.

The company benefitted from apartment sales at its Education City apartment block and landed residential unit sales at the Pakuwon City residential area, both located in Surabaya, East Java.

Irene said the rest of the company’s total revenue came from its recurring revenue — or income coming from the rental fees of malls, office towers, and hotels.

The company raked in Rp 1.43 trillion in recurring revenue last year from Rp 943 billion in the previous year.

Irene said the recurring revenue growth was supported by rent fees from its Kota Kasablanka mall in South Jakarta, Gandaria City super block in South Jakarta and the Tunjungan City super block in Surabaya, East Java.

Pakuwon expects to receive additional revenue from the expansion project of Tunjungan City, which is currently under construction, Irene said.

The expansion project includes two retail malls, two condominium towers, and a four-star hotel.

Pakuwon plans to build a condominium and office tower at the Kota Kasablanka super block. The Pakuwon City residential area will see the addition of a new landed residential cluster at this year.

Pakuwon Jati shares closed unchanged at Rp 354 on the Indonesia stock Exchange (IDX) on Monday.

Source: www.thejakartaglobe.com

Property, Construction Lead Indonesian Stock Market’s Gains This Year

Jakarta. Property and construction companies are leading Indonesian stock market gains so far this year, as investors expect good earnings on the back of steady property demand and acceleration of government-initiated infrastructure projects.

The sector — which groups 54 construction companies and property developers — has gained 11.2 percent so far, while the Jakarta Composite Index has gained 4.5 percent.

Jakarta: The Luxury Property Capital of the World

Jakarta. Nowhere in the world offered a better return on high-end property investment in 2013 than Indonesia’s capital, a leading global real-estate consultancy based in London said.