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.

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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.

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.

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.