Office space in Jakarta to increase

Foreign investors looking to expand their presence in Indonesia over the upcoming four years will find generous office options to choose from in Jakarta, according to a report from worldwide real estate services firm Colliers International.

Whilst total office space in Jakarta rose by just 1% during the first half of 2014, the capital will see an accumulated 10.7million square metres of new office space developed by 2018, up 51% from today‘s 7.1million square metres, according to the report released last Wednesday.

The projection assumes 74 buildings currently under construction or being planned will be completed on schedule. The increase will result in a decrease in office occupancy to under 90% from 96% at the end of the former half.

Second Marriott Courtyard opens in Bali

Marriott International has established its second Courtyard branded property in Bali.

Marriott Bali Seminyak’s new Courtyard is a 290 room hotel situated in the Seminyak area of the island, nearby the beach.

Described as an ‘urban oasis’, the hotel offers a variety of rooms with private terraces or balconies, as well as a bar and restaurant, a large lagoon-style pool, 24-hour fitness centre, a kids’ club, plus banqueting and conference space for up to 350 people. Free Wi-Fi is also offered and the hotel has shuttle bus services to the beach and close by entertainment areas.

Another novelty feature of the recent property is an electronic board in the lobby, informing guests on hotel facilities, nearby attractions, flight schedules, a local map and general news.

Marriott’s vice president for Indonesia, Australia, Malaysia and Singapore happily explained that Seminyak, Bali is one of the trendiest locations for business as well as leisure travellers.

Marriott Bali Seminyak is the second brand opening in Bali after the Courtyard by Marriott Bali Nusa Dua. It is the 31st Courtyard hotel in Asia.

Property News - Majestic Land Developments

The chief of Majestic Land property developer has announced works on a portfolio of new property projects for the upcoming five years, beginning this year.

The projects are worth Rp40trillion ($3.45billion) and will involve the development of residential, commercial and hospital buildings.

Majestic Land are optimistic the property business will maintain good prospects. Which is why they have continued to expand into differing property segments.

One project includes apartment development in Yogyakarta where the company are also aiming to develop a condominium hotel to be titled the Best Western Condotel upon 1,682 square metres of land.

According to Majestic Land, of the 124 fully furnished condotel units still under construction, 89% had already been sold. It is not unusual for property developers to sell units of a project prior to completion of construction, to aid in financing the development. The new property unit owners are to take possession in the next 15 months.

Other Majestic Land projects include a condotel in Bandung, West Java, as well as an office tower in Jakarta, plus a villa development project in Bali. These projects all differ in value, with the major one being the office tower in Jakarta, estimated to cost Rp870billion.

Majestic Land also develop property elsewhere in Asia.

US congratulates Indonesia on 'historic' election

The US has congratulated Indonesia on a ‘historic’ presidential election. This is as both Indonesian candidates, namely Prabowo Subianto and Joko Widodo, claimed that unofficial early counts revealed they are winners.

The White House praised Indonesia's high voter turnout - as a spirited election campaign with strong participation - these factors underscored Indonesia as a developing democracy.

The administration of Washington also highlighted the fact that the US and Indonesia are the world's second and third largest democracies respectively.

President Obama is also looking forward to continuing the Comprehensive Partnership, established during 2010 with the new president and the new parliament.

However, it is now unlikely that more will be heard from the White House in regards to the election, this is until after the official results are released later this month. No doubt, there will be congratulations from Washington to the winner.

Indonesian elections, plus the latest from Commercial People

Hello, Indonesia! We hope you're enjoying the public holiday for this year's elections! According to Commercial People's sources, it seems Jakarta governor, Joko Widodo has a slight lead against ex-army general, Prabowo Subianto. It has been excitingly tense these past few weeks!

However, the public holiday does not stop Commercial People who are still hard at work! We have some upcoming listings for www.commercialpeople.co.id, so be sure to keep checking our website. Everybody is buzzing at Commercial People Global as we are preparing to launch in further countries. The next launch may be sooner than you think! So be sure to follow us on all our social media, to ensure you don't miss our launch days. Links can be found on the right side of our blogs :) Thank you for all your likes and follows so far.

We are also happy to announce that yesterday, Commercial People joined Instagram as @commercialpeople. We already have some great images as well as videos. If you list your property with our Platinum package, it may be featured on the ever popular mobile platform. So be sure to follow us on your smart devices.

MNC Land - $3billion entertainment centre expansion

MNC Land plans to spend up to $3billion on expanding its integrated Sukabumi, West Javan integrated entertainment centre. The MNC land being the property development unit of Indonesian conglomerate MNC Investama.

Groundbreaking will begin during August, with villas, hotels, theme parks, alongside a variety of other supporting infrastructure for a recreational area.

MNC is also presently seeking a partner in developing the project, due to the magnitude of the project.

Included will be Lido Lake Resort and Golf, to cover approximately 2,000hectares and estimated to be fully completed within 20 to 30 years.

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.

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 :)

News just in Indonesia

Lippo Karawaci has reported a 35% rise for the first quarter net profit, thanks to its healthcare and residential units.

The largest listed property firm revealed a net profit of 339 billion rupiah {$29.4 million} for the first three months of the year up to March, an increase of 251 billion from the same period during the previous year.

The company’s revenues for its urban and residential development shot up to 53%, as the healthcare unit experienced a 29% increase.

Lippo Karawaci’s properties include residences, hotels, shopping malls and hospitals. The company has revealed that now is a good time to participate in commercial property, so visit www.commercialpeople.co.id soon – we advertise both commercial and residential, with something for everyone.

The latest from Indonesia

News just in, Landmarks, a Malaysian developer firm has just confirmed plans for a ‘waterfront resort city’ to be constructed on the famous Bintan Island. The $3.5 billion variety complex will cover 333 hectares with commercial, residential, as well as leisure and cultural facilities with the aid of Treasure Bay’s investment opportunities. The first phase of the project will commence shortly, focusing on the luxuries of villas, 5 star hotels, dining and bars, valuing $650 million. The project comes at the perfect time with the Indonesian government planning an international airport for the island by next year. This is all good news for Bintan as it will aid the economy, tourism and provide jobs as well as beautiful views for locals.

Why not join in on the excitement too? www.commercialpeople.co.id will also be advertising properties in leisure as well as hotel, villa and holiday home properties, so visit us soon.

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.

Sinarmas unit Bumi Serpong to enter Indonesian toll road business

Indonesian property developer PT Bumi Serpong Damai, a unit of Singapore-listed Sinarmas Land Ltd, has set up a joint venture to build toll roads which could boost the prices of its surrounding projects.

The company aims to work with Kompas Gramedia Group and PT Astratel Nusantara to develop the 36-kilometre Serpong-Balaraja toll road on the outskirts of Jakarta, Bumi Serpong Director Hermawan Wijaya told reporters on Monday.

Top 10 Global Office Markets Through 2015 - Indonesia is #1 in the global office market growth

The office market in Jakarta is forecast to witness the highest rental rate growth through 2015, with rents on track to increase almost 30 percent, according to Cushman & Wakefield.

The Indonesia capital leads the global office market growth forecast for the second year in a row, with rates more than double the level in 2011. The growth already seen in Jakarta has positioned it as Asia’s hottest market.