Commercial People - MIPIM 2015!

Hello, Commercial People Indonesia! It’s Friday! However, Commercial People are bustling in each of our offices at the moment as agents are rapidly rolling onto our sites with their latest property listings.

• www.commercialpeople.co.id is looking luxurious as numbers of serviced apartments are for sale – Nothing but gorgeous homes! Also available are offices throughout Jakarta and much, much more different properties across the country.
• On www.commercialpeople.co.uk, Instant Offices have over 2,000 serviced offices across the UK – It is guaranteed there is an office available in your desired location. This is alongside many more other agents, surveyors and brokers listing in every Commercial People category from development sites to healthcare properties.
• Over at www.commercialpeople.co.za, there are a wealth of farms available, complimenting the stunning natural beauty of South Africa. To go with this, business spaces are also on offer including retail, trading and storage space. If in search of a new home instead, the residential listings on our South African sites are all from friendly and ideal locations for your livelihood.
• What ever business you are planning in India, the correct space is definitely on www.commercialpeople.in. Perhaps you wish to buy? Or rent? Not a problem, both options are available, suited for your needs and your business. There are also so many brand news home available for you to settle down in, even homes still under construction and you could live there first! Just make sure don’t delay, get your enquiries in soon -Visit our websites now.

You’ve probably seen our informative posts on Facebook, Twitter, Linkedin, Google+ and now, Instagram. But did you know we have individual pages on each social media platform for each country Commercial People have launched in? Commercial People will always keep you up to date with the latest listings and hot news across the property industries. Check out our sidebar to the left of each country’s blog for each respective country’s social media links.

So what’s next? 

PT. Selaras Mitra Sejati

If you head over to commercialpeople.co.id, you'll find that PT. Selaras Mitra Sejati have some lovely offices for rent and luxurious residences for sale. Commercial People has even made them their own microsite dedicated to their own latest project! Visit http://www.commercialpeople.co.id/microsites/2/

For the full listings of PT. Selaras Mitra Sejati visit http://www.commercialpeople.co.id/author/selarasmitrasejati/.

Relington Land

Hello, Commercial People of Indonesia! If you are in or near the heart of Indonesia, namely Jakarta, be sure to view Relington Land's listed properties on commercialpeople.co.id! Whether you're in search of a new home, or space for your business, Relington Land have both residential and commercial properties for sale. Visit http://www.commercialpeople.co.id/author/relington/ to find out more. 

Newman PearSons International

Hello, Commercial People! Newman PearSons International of Jakarta, have a range of commercial and residential properties for sale or to rent! Find your ideal space by visiting http://www.commercialpeople.co.id/author/newmanpearsons/

Have a fantastic weekend!

Expanding Indonesia - More apartments being developed in response to demand

With continuing economic growth in Indonesia, giving increase to higher per capita GDP, the property market is still rapidly expanding, particularly in the larger cities including Jakarta (the economic and political centre of Indonesia). By next year, 46 new property projects will add almost 25,000 new apartments in Jakarta (‘strata title’, a term referring to the multi-level apartment blocks and horizontal subdivisions with shared areas), with a combined value of approximately IDR23trillion (almost USD$2billion).

With demand and values on the rise in Jakarta, vertical infrastructure is the most lucrative and efficient strategy to engage in property business. The majority of new apartments currently under construction, target Jakarta’s middle class segment affording to spend approximately IDR200 to 500million (USD$17,000 to 43,000), on an apartment. Analysts claim there are no signs of a property bubble arising in Indonesia. The main argument being that the majority of new apartments (around 70%), is purchased by end-users rather than speculative buyers.

East Indonesia the fastest rising in the country

Bank Indonesia’s (BI) latest survey has revealed that property prices in major Eastern Indonesian cities have indicated an upward trajectory owing to the stronger purchasing power of its citizens and an increase in housing investments.

During the April to June period, the index of residential property prices in Manado of North Sulawesi, experienced the largest quarter-to-quarter rise of 9.5%, followed by Makassar in South Sulawesi, with an increase of 6.5%.

The rise of property prices within the two cities was significantly above the overall average of Indonesian cities. BI’s residential property prices index, including 16 major cities in Indonesia, only increased by 1.7% quarter-to-quarter during the same period.

Property leads allocating capital expenditure

Indonesia’s economy boom has had a positive impact upon the property sector, with numerous property developers assigning considerable funds towards capital expenditure (capex), used to expand business, develop new projects or to procure land.

One of the country’s major real estate developers, PT Bumi Serpong Damai Tbk, has this year assigned Rp3trillion (US$25.6billion), towards capex for finance infrastructure development and land acquisition projects.

Additionally, the developer also intends to develop property projects in Serpong, Tangerang plus other areas. The funds are also planned to be used as working capital.

By 19^th June, PT Bumi Serpong Damai Tbk recorded Rp28.017trillion market capitalisation. They are currently working on a number of projects, such as the AEON shopping mall and Saveria Apartment in Serpong, the Grand City housing estate in Balikpapan in East Kalimantan and Indonesia International Expo and Convention Center (IIEC).

Australian property group opens in emerging Indonesia

Indonesia has been targeted as a potential source of foreign investment for the Australian housing market.

Towards the House of Representatives’ Standing Committee on Economics inquiry into foreign investment within residential property, Nyko Property explained such investment was beneficial for the Australian economy. This is with the current policy framework essentially correct to ensure no abuses of the system.

Condominium numbers increasing

Worldwide real estate services firm, Jones Lang LaSalle expects Indonesian condominium sales to see a record-breaking figure this year, signalled by Jakarta’s current trend, where people remain to shift to living in apartments rather than detached or attached single-unit houses. Jones Lang LaSalle’s head of research, have announced both developers and buyers have shown growing interest towards developing and purchasing property.

The real estate firm’s report reveals that Indonesian developers established approximately 4,000 new condominium units between April and June this year (such as West Jakarta’s St. Moritz, developed by Lippo Group, plus Central Jakarta’s Raffles Residence, developed by the Ciputra Group). Furthermore, more than 7,400 units have been sold during the recent six months.

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.

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 :)

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.

Developer reports profit increase, thanks to growing demand for homes

Modernland Realty property developer has reported a substantial 21% increase in profit during the first quarter of this year, owing to a growing demand for homes.

The property developer company’s net income for the first three months of this year was Rp390.2billion ($33.6million), comparable with Rp323billion during the same period last year, as its revenue rose 34% to Rp790billion.

The Tangerang based property developer, Modernland’s portfolio includes a golf course in Tangerang, townships, as well as residential developments within and surrounding Jakarta, plus in Sukabumi, West Java. The company also owns an industrial estate in Serang, Banten.

Modernland’s property sales rose by 34% to Rp761billion during the first quarter, accounting for over 95% of the total revenue of the company.

Revenue from rental fees accumulated to Rp15.6billion, up 49% from the same period last year. The company’s club houses and golf course generated Rp12.5billion, growing almost 50%.

The company has allotted Rp1.3trillion for capital outflow this year, utilised mainly to purchase approximately 1,000 hectares of Jakarta land.

A representative from Modernland, previously announced plans to set aside 400 hectares for an industrial estate with the remainder for other East Jakartan developments.

Modernland has been developing its portfolio in East Jakarta since last year, when the company paid Rp2.29trillion for a 51% stake in Mitra Sindo Makmur (MSM) and Mitra Sindo Sukses (MSS). They jointly hold a 51% stake in Jakarta Garden City, a 270hectare commercial and residential project in Cakung, East Jakarta. Modernland formerly held a 51% in the project.

Modernland also wrapped a deal with a local branch of Japanese retail developer, AEON Mall Indonesia, purchasing 8.5hectares of commercial land in Jakarta Garden City for $45.67million.

As reported by Cuncun, the company expects marketing sales of properties still under construction, to hit Rp4trillion this year, in comparison to the estimated Rp2.7trillion last year.

Jakarta leading property investment destination

Major development within the property sector of Jakarta during recent years has led to the capital city being acknowledged as one of the leading property investment destinations in the world.

Jakarta was recently titled the hottest spot for prime real estate in the world, for a second consecutive year, reported by Knight Frank property consultant.

The Global Cities Prime International Residential Index (PIRI) report, tracked the luxurious property markets of 30 cities around the world.

Growth in Indonesia's Developer Companies

Bumi Serpong Damai (BSD), one of Indonesia’s largest developers, has announced company organic growth during the first quarter of 2014 at approximately 43%. This is as Rp1.25trillion organic revenue was gained, outperforming last year’s Rp877.54billion gain.

Approximately 44% or Rp549.36billion of this first quarter revenue, owes to the residential sector, rising by approximately 70% year over year. The sale of lots was the second largest generator of revenue, with Rp284.49billion.

 

The commercial sector sales took the lead in growth during the first quarter, growing by eightfold to Rp191.58billion compared to the Rp23.9billion during the same quarter last year.

 

Furthermore, Ciputra Development doubled its shop house and residential sales to Rp834.62billion rin the first quarter of the year compared to Rp481.92 during the same quarter last year.

 

Agung Podomoro Land saw its first quarter revenue grow from Rp1.12trillion last year to Rp1.16trillion; as it also saw its profit grow slightly from Rp272.4billion to Rp281.58billion.

 

Agung Podomoro Land’s marketing sales grew during the first quarter by 6% year over year to Rp1.83trillion. Harco Glodok, the company’s electronic shopping centre in West Jakarta, generated 32% of the total figure - followed by, alongside other complexes, the housing complex Orchard Park Batam of the Riau Islands generating 27.2%; Podomoro City Deli Medan super blocks of North Sumatra generating 12.7%; and Podomoro City Extension of West Jakarta generating 8%.

Why not search for your property too? Let it grow and gain.

www.commercialpeople.co.id

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.