Tag: Property
Below is a list with tagged columns and company profiles.
Today's Headlines Property
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Cosy Homestay for Sale in Bantul (Yogyakarta) - Astuti Gallery Homestay
A homestay in Bantul (in the special region of Yogyakarta, one of the busiest tourist destinations in Indonesia) has just come on the market, and it could be a very interesting investment object for those who are active in the tourism industry (or those who seek to expand their business into the tourism industry).
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Monetary Policy: Bank Indonesia Offers More Accommodative Policies
At its latest monetary policy meeting, completed on 18 February 2021, Indonesia’s central bank (Bank Indonesia) decided to cut its benchmark interest rate (the seven-day reverse repurchase rate) by 25 basis points (bps) to 3.50 percent, a historically low level for Southeast Asia’s largest economy. Also the deposit facility and lending facility rates were cut by 25 bps to 2.75 percent and 4.25 percent, respectively.
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Property in Indonesia: Government Revises Luxury Goods Tax
The Indonesian government has revised its luxury goods tax policy (in Indonesia known as PPnBM) for (luxury) property. Previously, apartments with a selling price of at least IDR 10 billion (approx. USD $700,000) and houses with a selling price of at least IDR 20 billion (approx. USD $1.4 million) were subject to a 20 percent luxury goods tax. The latest revision has now raised the minimum price of the property to IDR 30 billion (approx. USD $2.1 million) for all types of property.
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IPO Urban Jakarta Propertindo on the Indonesia Stock Exchange
Urban Jakarta Propertindo, a Jakarta-based property developer that focuses on the integration between property development and the availability of public transportation, will offer 600 million shares - equivalent to 16.85 percent of the company's total shares - to the public through an initial public offering (IPO) on the Indonesia Stock Exchange.
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Future of Grand Meikarta Property Project in Jeopardy after Corruption Scandal?
The local government of West Java said it is currently busy compiling all data related to the Lippo Group's ambitious Meikarta project. West Java Governor Ridwan Kamil said thorough investigation will then be done - based on the data - to decide whether the grand property project can resume or whether there are matters that need to be fixed.
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Property Indonesia: Luxurious House for Sale in Yogyakarta, Strategic Location
Those who are searching for a luxurious house at a strategic location in the city of Yogyakarta should take a moment to look at this house. The buyer will also obtain all furniture that is visible in the pictures (including a very luxurious dining table). The location of the house is not far from Yogyakarta's Adisucipto Airport.
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A Closer Look at Bank Indonesia's Latest LTV Ratio Relaxation
At the latest policy meeting (29/06) Bank Indonesia decided to relax the loan-to-value (LTV) and financing-to-value (FTV) ratios in the country's property sector (effective per 1 August 2018). By lowering down payment obligations for the consumer, the central bank aims to make it more attractive for consumers to purchase property using House Ownership Credit (Kredit Pemilikan Rumah, KPR), hence boosting overall credit growth as well as Indonesia's macroeconomic growth.
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Dynamic Credit Set to Enter Indonesia's Mortgage Market
Dynamic Credit, a Netherlands-based innovative asset management and direct lending firm, is set to become a new player in Indonesia's mortgage industry. Through local subsidiary Dynamic Credit Asia it will sell mortgages to Indonesian consumers using funds from local institutional investors. Tonko Gast, CEO at Dynamic Credit, said Indonesia's rapidly growing middle class leads to a rising pool of retirement and insurance funds. However, the availability of fixed-income investments are limited in Southeast Asia's largest economy.
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Property in Indonesia: Astra & Hongkong Land to Launch New Project
Astra International, one of Indonesia's largest diversified conglomerates, announced it will develop a luxurious residential apartment complex, called Arumaya, in South Jakarta in cooperation with Hongkong Land, a Hong Kong-based multinational property investment, management and development group. The complex is estimated to require investments worth IDR 1 trillion (approx. USD $75 million).
Latest Columns Property
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Taking a Look at the Property Sector of Indonesia; Room for Recovery after the COVID-19 Crisis?
Just like most other sectors (with the notable exceptions of the digital economy and telecommunications sector) the property sector of Indonesia was heavily affected by the COVID-19 crisis in 2020-2021. Now this crisis has passed, it is interesting to take a look at the state of Indonesia’s property sector.
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Bank Indonesia Cuts Interest Rate, Zero DP Requirements for Property & Vehicles
At its latest monetary policy meeting, which ended on 18 February 2021, the central bank of Indonesia (Bank Indonesia) decided to cut its benchmark interest rate (BI 7-Day Reverse Repo Rate), again, by 25 basis points (bps) to 3.50 percent, touching a historically low level.
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Corruption & Property: Where Did it Go Wrong for the Meikarta Project?
Those consumers and investors who purchased one or more apartment units in the Meikarta megacity project in Bekasi (West Java) are currently facing uncertain times. A new corruption scandal has put the future of the Meikarta project in jeopardy and therefore those who have already bought a Meikarta apartment fear that their money and apartment unit is lost. Those who are still making monthly mortgage payments to the bank, are confused whether they need to continue these payments (hence risking losing more money) or stop the monthly payment.
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Looking for a Free Ticket to Japan? Visit the Lamudi Property Expo!
The need for decent housing with affordable prices has been rising lately. Unfortunately, getting a comfortable and cheap house is not an easy matter. Besides having a lack of property construction (thus resulting in the nation's housing backlog), it is often difficult to find accurate information about property products.
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Township Development in Indonesia: Topping Out First Meikarta Towers
One of Indonesia's biggest diversified conglomerates, the Lippo Group, topped off two apartment towers for its ambitious and controversial Meikarta megaproject on Sunday (29/10). The topping off ceremony is a sign that - despite some legal uncertainties - the project will continue as planned and not face the same fate as the land reclamation project in the bay off the coast of North Jakarta.
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Investing in Property: Luxurious Villa for Sale in Panama
Those who have business interests in Panama and seek their dream house in the beautiful hills of this Central American country, or those who search an interesting investment object in Panama's property sector, now have a great opportunity at their disposal. One of the most beautiful luxury villas in Panama is now for sale. Insiders in Panama's property market call this "a unique object".
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Indonesian Property Companies in Focus: Ciputra Development
Ciputra Development, one of Indonesia's leading property companies with 75 projects spread across 33 cities, is increasingly focused on diversifying its portfolio outside the island of Java. The company has expanded to Sumatra, Kalimantan and Sulawesi as it wants to "bet on more than one horse" to improve its corporate earnings.
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Fierce Battle for Market Share in Indonesia's Cement Sector
For Indonesian cement producers it is vital to maintain their market share amid ongoing difficult times. With Indonesia's total installed annual cement production capacity now being around 100 million tons, while domestic demand is only expected to reach 65 million in 2017, cement players are facing weak prices amid a big oversupply, while foreign demand for Indonesian cement is yet to grow. Meanwhile, due to the arrival of various new cement players in Indonesia in recent years, competition for market share has become increasingly fierce.
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Property in Indonesia: East Jakarta & Surabaya New Growth Centers?
So far East Jakarta has been left behind in terms of property development in the capital city of Indonesia. For many decades Central and South Jakarta have seen the construction of many residential property and office tower projects. Recently, West Jakarta experienced a major surge in property development. Few investors, however, dared to develop projects in East Jakarta as demand from the (upper) middle class and elite for property or offices in East Jakarta has been low.
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Tax Amnesty Funds Yet to Impact on Indonesia's Property Sector
The tax amnesty program of Indonesia is yet to have an impact on Indonesia's property sector. Earlier, analysts and stakeholders expected part of the asset repatriations into Indonesia (under the government's tax amnesty program) to flow to property, either property ownership or property development projects. Although tax declarations and additional government revenue under the amnesty program were a success, the repatriation of assets that were stashed overseas has been weak. However, some stakeholders are optimistic that repatriated funds will flow to Indonesia's residential property in Q2-2017.
Associated businesses Property
- Adhi Karya
- Agung Podomoro Land
- Alam Sutera Realty
- Bakrie & Brothers
- Bakrieland Development
- Bekasi Asri Pemula
- Bekasi Fajar Industrial Estate
- Bosowa Corporation (Private)
- Bumi Citra Permai
- Bumi Serpong Damai
Other Tags
- Rupiah (1116)
- Indonesia Stock Exchange (759)
- Inflation (699)
- GDP (656)
- Bank Indonesia (613)
- Federal Reserve (551)
- Jakarta Composite Index (505)
- China (451)
- IHSG (412)
- Infrastructure (407)
Today's Headlines
- Update on 2024 Legislative & Presidential Elections of Indonesia; Latest Developments?
- Economic Update Indonesia; Assessing the Economy by Looking at Macroeconomic Indicators
- Indonesia Investments Released June 2023 Report - Focus on Mining Sector
- Consumer Price Index of Indonesia: June 2023 Brings Yet Another Month of Low Inflation
- Indonesia Investments Released May 2023 Report - US Pressures Come and Go