Singapore Subsidiary Acquires Lippo's Rp 3.6t Asset

Singapore-listed Lippo Malls Indonesia Retail Trust Ltd. (LMIR Trust), subsidiary of Jakarta-listed developer Lippo Karawaci (LPKR), has revealed the acquisition of Rp3.6trillion (US$300.72million) Lippo Mall Kemang (LMK) from its sister company. This is in a transaction that will shift ownership of the assets towards a Singaporean entity.

LMIRT Management Ltd., manager of LMIR Trust, are to issue up to 301.37million consideration units (shares) representing 12.2% of the current shares to aid in funding the Lippo Mall Kemang acquisition from its current owner, Lippo Karawaci’s subsidiary, PT Almaron Perkasa (AP), according to Monday’s statement on the Singapore Stock Exchange website.

The statement went on to explain Rp3.18trillion of the LMK purchase is to be paid in cash as the remaining Rp420billion would be produced by way of the consideration units.

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. 

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.

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.