08 July 2024
Property Entrepreneur Iwan Sunito Acquires Luxury Mall in Australia for IDR 215 billion
Liputan6.com, Jakarta After completing the takeover of One Global Resorts and Conference Center worth IDR 1.3 trillion, One Global Capital, a property development company owned by Iwan Sunito, continued a large-scale purchase to secure The Grand, Crown Group's shopping center in the area Eastlakes, East of Sydney for IDR 215 billion with a yield of 7%.
The acquisition of The Grand Shopping Center is still under contract with completion of the acquisition expected to occur in August 2024.
The Grand Shopping Center is predicted to be able to grow the recurring income asset base for the company. One Global Capital also hopes that there will be another acquisition process that can be carried out in the next few months.
Commissioner and CEO of One Global Capital, Iwan Sunito, revealed that this acquisition will bring the value of One Global Capital's investment assets to more than IDR 10 trillion.
“We are in the early stages of the company's growth phase. Apart from The Grand, One Global Capital is currently in Exclusive Due Diligence to purchase an office building in the city of Sydney for IDR 4.4 trillion for our future projects. "I am very happy with the strategic acquisitions we have made in the last year," he said in a written statement in Jakarta, Monday (8/7/2024).
For this man born in Surabaya who grew up in the forests of Kalimantan, the acquisition of the Grand Shopping Center feels significant, because it is part of a seven-year strategic vision to go public while increasing the company's recurring income and building mixed-use development capacity.
"After the acquisition, this shopping center will change its name from 'The Grand' to 'The One Global Centre'. Our team is immediately working to add tenants, including more convenience stores. "We hope to be able to fill this space within three months after the acquisition is complete," added Iwan Sunito.
For information, the first phase of The Grand Shopping Center opened in July 2021, covering more than 3,000 square meters of retail space and consisting of 16 retail outlets, including larger format ALDI, Metro Wool-worths, and a number of specialty stores such as Pattison Pattiserie , Wholelife Pharmacy, Australia Post and Newsagency, Ausome Nails, Akira Sushi, Hatch Espresso, SP mobile and Val Morgan Retail.
"We plan to add more retailers to this shopping center to make The One Global Center very convenient," he said, adding.
“Apart from that, we will work intensively with the architects to take The Grand to another level. We want The One Global Center to become a new community center in the East. Making Eastlakes great again," he said, smiling.
Furthermore, Iwan Sunito said he was very inspired by the 'Walking Village' and 'Green Concept' on James Street Brisbane in Fortitude Valley and West Hollywood.
Because of this, he wants The One Global Center to become an area that brings green space to the region, while at the same time re-elevating local social and cultural roots.
"The One Global Center is located in the middle of residential areas and low-rise buildings, so it is ideal for the concept of a walkable village and green center," said Iwan.
Sydney's Eastern suburbs have become one of the property hotspots in the capital of the state of New South Wales, both for investors and end-users.
Aaron Downie, Founder of Mackenzie Property Group, said that the East, Lower North Shore and Northern Beach areas have the potential to experience above average growth.
The same thing was also expressed by Allen Habbouchi, Head of Project Sales & Distribution at Aussieproperty.com. According to him, there are three top areas on the outskirts of Sydney that are showing a strong growth trend, namely Coogee, Kingsford and Kensington.
This is mainly due to its strategic position within 10 km of the CBD, universities, beaches and infrastructure.
"This is one of the strong reasons why the Sydney suburban area is a hidden gem for property seekers and of course a magnet for property buyers from the Asia Pacific region, especially Indonesia, which is our second largest overseas market," explained Iwan Sunito.
https://www.liputan6.com/bisnis/read/5637390/pengusaha-properti-iwan-sunito-acquisition-mal-mewah-di-australia-seharga-rp-215-miliar?page=4
The acquisition of The Grand Shopping Center is still under contract with completion of the acquisition expected to occur in August 2024.
The Grand Shopping Center is predicted to be able to grow the recurring income asset base for the company. One Global Capital also hopes that there will be another acquisition process that can be carried out in the next few months.
Commissioner and CEO of One Global Capital, Iwan Sunito, revealed that this acquisition will bring the value of One Global Capital's investment assets to more than IDR 10 trillion.
“We are in the early stages of the company's growth phase. Apart from The Grand, One Global Capital is currently in Exclusive Due Diligence to purchase an office building in the city of Sydney for IDR 4.4 trillion for our future projects. "I am very happy with the strategic acquisitions we have made in the last year," he said in a written statement in Jakarta, Monday (8/7/2024).
For this man born in Surabaya who grew up in the forests of Kalimantan, the acquisition of the Grand Shopping Center feels significant, because it is part of a seven-year strategic vision to go public while increasing the company's recurring income and building mixed-use development capacity.
"After the acquisition, this shopping center will change its name from 'The Grand' to 'The One Global Centre'. Our team is immediately working to add tenants, including more convenience stores. "We hope to be able to fill this space within three months after the acquisition is complete," added Iwan Sunito.
For information, the first phase of The Grand Shopping Center opened in July 2021, covering more than 3,000 square meters of retail space and consisting of 16 retail outlets, including larger format ALDI, Metro Wool-worths, and a number of specialty stores such as Pattison Pattiserie , Wholelife Pharmacy, Australia Post and Newsagency, Ausome Nails, Akira Sushi, Hatch Espresso, SP mobile and Val Morgan Retail.
"We plan to add more retailers to this shopping center to make The One Global Center very convenient," he said, adding.
“Apart from that, we will work intensively with the architects to take The Grand to another level. We want The One Global Center to become a new community center in the East. Making Eastlakes great again," he said, smiling.
Furthermore, Iwan Sunito said he was very inspired by the 'Walking Village' and 'Green Concept' on James Street Brisbane in Fortitude Valley and West Hollywood.
Because of this, he wants The One Global Center to become an area that brings green space to the region, while at the same time re-elevating local social and cultural roots.
"The One Global Center is located in the middle of residential areas and low-rise buildings, so it is ideal for the concept of a walkable village and green center," said Iwan.
Sydney's Eastern suburbs have become one of the property hotspots in the capital of the state of New South Wales, both for investors and end-users.
Aaron Downie, Founder of Mackenzie Property Group, said that the East, Lower North Shore and Northern Beach areas have the potential to experience above average growth.
The same thing was also expressed by Allen Habbouchi, Head of Project Sales & Distribution at Aussieproperty.com. According to him, there are three top areas on the outskirts of Sydney that are showing a strong growth trend, namely Coogee, Kingsford and Kensington.
This is mainly due to its strategic position within 10 km of the CBD, universities, beaches and infrastructure.
"This is one of the strong reasons why the Sydney suburban area is a hidden gem for property seekers and of course a magnet for property buyers from the Asia Pacific region, especially Indonesia, which is our second largest overseas market," explained Iwan Sunito.
https://www.liputan6.com/bisnis/read/5637390/pengusaha-properti-iwan-sunito-acquisition-mal-mewah-di-australia-seharga-rp-215-miliar?page=4
21 June 2024
Developer Explains About Property Investors Will Enter IKN Origin...
Jakarta - Many foreign investors are interested in taking part in developing the Indonesian Capital City (IKN), which can be seen from the number of letters of interest (LoI) that have been submitted, one of which is in the property sector. However, more investors will enter IKN if much of the basic infrastructure has been completed.
Deputy General Chair of the Indonesian Real Estate DPP (REI) for Foreign Relations, Rusmin Lawin, believes that the appointment of Basuki Hadimuljono as Acting Head of the Authority and Raja Juli Antoni as Acting Deputy Head of OIKN is very appropriate. Because, it can raise the confidence of investors who want to invest their capital in IKN because in a matter of weeks the coordination improvements between OIKN and the Ministry of PUPR and the Ministry of ATR/BPN are very significant.
"REI assesses that the appointment of Basuki Hadimuljono as Acting Head of OIKN and Raja Juli Antoni as Acting Deputy Head of OIKN has raised the confidence of domestic and foreign investors," he said to detikcom, Friday (21/6/2024).
Rusmin continued, if the basic infrastructure at IKN is adequate and ready, it is not impossible that more foreign investors will want to work on their projects. For example, new property developers will be able to develop their business if the basic infrastructure is ready to use.
"Property developers need basic infrastructure before developing their property," said Rusmin, who also serves as President of FIABCI Asia Pacific.
"The step of appointing Basuki Hadimuljono as Acting Head of OIKN is very appropriate because OIKN and PUPR policies will be in harmony and can accelerate the procurement of basic infrastructure at IKN," he said.
Previously, Rusmin said that currently many foreign investors have signed a Memorandum of Understanding (MoU) for development at IKN. However, because it still requires approval from various ministries, currently no one has carried out a groundbreaking.
"Many foreign investments have already had MoUs, they have been in process since July last year. But because the PPP requires approval from Bappenas, PUPR, especially the Ministry of Finance because the scheme is a PPP. And hopefully in the 10th month some groundbreaking will be possible," he said to detikProperti , written Thursday (20/6/2024).
One of the projects that is said to be groundbreaking is the ASN flats which were built under the Government Cooperation with Business Entities (KPBU) scheme carried out by a company from Malaysia. However, this has not yet been done because it is still in the approval process from various ministries and is still in the stage of looking for land to work on the project.
https://www.detik.com/properti/berita/d-7402281/pengembang-jauhan-soal-investor-properti-akan-besar-ikn-asal
Deputy General Chair of the Indonesian Real Estate DPP (REI) for Foreign Relations, Rusmin Lawin, believes that the appointment of Basuki Hadimuljono as Acting Head of the Authority and Raja Juli Antoni as Acting Deputy Head of OIKN is very appropriate. Because, it can raise the confidence of investors who want to invest their capital in IKN because in a matter of weeks the coordination improvements between OIKN and the Ministry of PUPR and the Ministry of ATR/BPN are very significant.
"REI assesses that the appointment of Basuki Hadimuljono as Acting Head of OIKN and Raja Juli Antoni as Acting Deputy Head of OIKN has raised the confidence of domestic and foreign investors," he said to detikcom, Friday (21/6/2024).
Rusmin continued, if the basic infrastructure at IKN is adequate and ready, it is not impossible that more foreign investors will want to work on their projects. For example, new property developers will be able to develop their business if the basic infrastructure is ready to use.
"Property developers need basic infrastructure before developing their property," said Rusmin, who also serves as President of FIABCI Asia Pacific.
"The step of appointing Basuki Hadimuljono as Acting Head of OIKN is very appropriate because OIKN and PUPR policies will be in harmony and can accelerate the procurement of basic infrastructure at IKN," he said.
Previously, Rusmin said that currently many foreign investors have signed a Memorandum of Understanding (MoU) for development at IKN. However, because it still requires approval from various ministries, currently no one has carried out a groundbreaking.
"Many foreign investments have already had MoUs, they have been in process since July last year. But because the PPP requires approval from Bappenas, PUPR, especially the Ministry of Finance because the scheme is a PPP. And hopefully in the 10th month some groundbreaking will be possible," he said to detikProperti , written Thursday (20/6/2024).
One of the projects that is said to be groundbreaking is the ASN flats which were built under the Government Cooperation with Business Entities (KPBU) scheme carried out by a company from Malaysia. However, this has not yet been done because it is still in the approval process from various ministries and is still in the stage of looking for land to work on the project.
https://www.detik.com/properti/berita/d-7402281/pengembang-jauhan-soal-investor-properti-akan-besar-ikn-asal
18 May 2024
These three cities are most popular with foreigners when hunting property in Indonesia
KOMPAS.com - In recent years, policies and regulations regarding property ownership by foreign nationals (WNA) in Indonesia have developed and increased their interest in property in the country.
Rumah123 noted that the growth in property demand from foreigners in 2023 experienced rapid development compared to 2022.
"It is hoped that the foreign market potential will further accelerate the growth and progress of this industry in 2024," said Head of Research at Rumah123, Marisa Jaya, quoted from the official website recently.
Rumah123 noted that there are 10 areas most popular with foreign property seekers, with South Jakarta, Badung and Tangerang ranking highest in terms of popularity.
Then followed by Bandung, West Jakarta, Batam, North Jakarta, Denpasar, Central Jakarta and Surabaya.
As for South Jakarta, one of the central business district (CBD) areas is an area that is equipped with various adequate supporting facilities, an established environment, and a modern community that supports the needs of expatriates, making it a favorite choice for foreigners when searching for property.
Meanwhile, Badung in Bali, as one of the popular destinations in the eyes of foreign tourists, ranks second most popular. The growth trend in 2023 compared to 2022 will move significantly, reaching 92.1 percent. Apart from its position as the entry gateway for tourists via Ngurah Rai International Airport and the many developments in commercial and tourism areas, the trend of digital nomads and remote working has also boosted the popularity of this area.
Meanwhile, Tangerang is ranked as the third most favorite area because this area is surrounded by industrial areas and is the closest area for foreigners who work in the western area of Java Island, such as Cilegon, Cikande and Serang.
This is due to limited facilities and supporting areas in these three areas, they tend to choose Tangerang and its surroundings as a place to live, travel, enjoy entertainment and support other activities.
https://www.kompas.com/properti/read/2024/05/18/121134621/tiga-kota-ini-paling-diminati-wna-saat-berburu-properti-di-indonesia
Rumah123 noted that the growth in property demand from foreigners in 2023 experienced rapid development compared to 2022.
"It is hoped that the foreign market potential will further accelerate the growth and progress of this industry in 2024," said Head of Research at Rumah123, Marisa Jaya, quoted from the official website recently.
Rumah123 noted that there are 10 areas most popular with foreign property seekers, with South Jakarta, Badung and Tangerang ranking highest in terms of popularity.
Then followed by Bandung, West Jakarta, Batam, North Jakarta, Denpasar, Central Jakarta and Surabaya.
As for South Jakarta, one of the central business district (CBD) areas is an area that is equipped with various adequate supporting facilities, an established environment, and a modern community that supports the needs of expatriates, making it a favorite choice for foreigners when searching for property.
Meanwhile, Badung in Bali, as one of the popular destinations in the eyes of foreign tourists, ranks second most popular. The growth trend in 2023 compared to 2022 will move significantly, reaching 92.1 percent. Apart from its position as the entry gateway for tourists via Ngurah Rai International Airport and the many developments in commercial and tourism areas, the trend of digital nomads and remote working has also boosted the popularity of this area.
Meanwhile, Tangerang is ranked as the third most favorite area because this area is surrounded by industrial areas and is the closest area for foreigners who work in the western area of Java Island, such as Cilegon, Cikande and Serang.
This is due to limited facilities and supporting areas in these three areas, they tend to choose Tangerang and its surroundings as a place to live, travel, enjoy entertainment and support other activities.
https://www.kompas.com/properti/read/2024/05/18/121134621/tiga-kota-ini-paling-diminati-wna-saat-berburu-properti-di-indonesia
26 April 2024
This two bedroom house was built in just 18 hours
KOMPAS.com - One of the advantages of houses made with 3D printing technology is that work is fast and affordable.
Recently, Portuguese property manufacturer, Havelar, has just produced its first 3D printed house which can be completed in just 18 hours. Located in the Greater Porto area of Portugal's second largest city, the two-bedroom residence has an area of 80 square meters.
The house was built using COBOD's BOD2 printer, which is also used to produce Europe's largest 3D printed building. According to COBOD, one housing unit from Havelar can be produced at a price of 1,500 Euros or IDR 26.1 million per square meter.
Of course the price is cheaper compared to house prices in Porto which reach 3,104 Euros or Rp. 53.9 million per square meter. This lower price is largely due to the speed of construction offered by 3D printing technology.
The construction of the house is carried out by a 3D printer which produces a mixture according to the blueprint to build the basic structure of the house. Even though the construction of the frame of the house only took 18 hours, the craftsmen were involved in installing the windows, doors, panels, roof and everything else that was needed.
Including the labor time, the entire project took less than two months to complete.
Havelar's house is a simple one-story residence. The interior is organized around the kitchen and dining area. Apart from the two bedrooms, there is also a living room and bathroom.
Havelar himself hopes to increase production of 3D printed houses and contribute to reducing carbon emissions by using alternative construction materials such as soil and straw.
https://www.kompas.com/properti/read/2024/04/26/135410521/rumah-dengan-dua-kamar-ini-dibangun-cuma-18-jam
Recently, Portuguese property manufacturer, Havelar, has just produced its first 3D printed house which can be completed in just 18 hours. Located in the Greater Porto area of Portugal's second largest city, the two-bedroom residence has an area of 80 square meters.
The house was built using COBOD's BOD2 printer, which is also used to produce Europe's largest 3D printed building. According to COBOD, one housing unit from Havelar can be produced at a price of 1,500 Euros or IDR 26.1 million per square meter.
Of course the price is cheaper compared to house prices in Porto which reach 3,104 Euros or Rp. 53.9 million per square meter. This lower price is largely due to the speed of construction offered by 3D printing technology.
The construction of the house is carried out by a 3D printer which produces a mixture according to the blueprint to build the basic structure of the house. Even though the construction of the frame of the house only took 18 hours, the craftsmen were involved in installing the windows, doors, panels, roof and everything else that was needed.
Including the labor time, the entire project took less than two months to complete.
Havelar's house is a simple one-story residence. The interior is organized around the kitchen and dining area. Apart from the two bedrooms, there is also a living room and bathroom.
Havelar himself hopes to increase production of 3D printed houses and contribute to reducing carbon emissions by using alternative construction materials such as soil and straw.
https://www.kompas.com/properti/read/2024/04/26/135410521/rumah-dengan-dua-kamar-ini-dibangun-cuma-18-jam
24 April 2024
Bank Indonesia Decides Bi-Rate to Increase 25 Bps to 6.25%
Jakarta, Properti Indonesia - The Bank Indonesia Board of Governors (RDG) meeting which was held on 23-24 April 2024 finally decided to increase the BI-Rate by 25 bps to 6.25%, the Deposit Facility interest rate by 25 bps to 5.50%, and the Lending Facility interest rate was 25 bps to 7.00%.
In its statement, Wednesday (24/4), Bank Indonesia said that the increase in interest rates was to strengthen the stability of the Rupiah exchange rate from the impact of worsening global risks and as a pre-emptive and forward looking step to ensure inflation remains within the target of 2.5 ± 1% in 2024 and 2025 in line with a pro-stability monetary policy stance.
Meanwhile, macroprudential policies and the payment system remain pro-growth to support sustainable economic growth. According to BI, loose macroprudential policies continue to be pursued to encourage banking credit/financing to businesses and households.
Meanwhile, payment system policies are directed at strengthening the reliability of the payment system infrastructure and industrial structure, as well as expanding acceptance of payment system digitalization.
To maintain stability and support sustainable economic growth amidst increasing global financial market uncertainty, Bank Indonesia continues to strengthen the mix of monetary, macroprudential and payment system policies.
https://propertiindonesia.id/post/bank-indonesia-putuskan-bi-rate-naik-25-bps-menjadi-625
In its statement, Wednesday (24/4), Bank Indonesia said that the increase in interest rates was to strengthen the stability of the Rupiah exchange rate from the impact of worsening global risks and as a pre-emptive and forward looking step to ensure inflation remains within the target of 2.5 ± 1% in 2024 and 2025 in line with a pro-stability monetary policy stance.
Meanwhile, macroprudential policies and the payment system remain pro-growth to support sustainable economic growth. According to BI, loose macroprudential policies continue to be pursued to encourage banking credit/financing to businesses and households.
Meanwhile, payment system policies are directed at strengthening the reliability of the payment system infrastructure and industrial structure, as well as expanding acceptance of payment system digitalization.
To maintain stability and support sustainable economic growth amidst increasing global financial market uncertainty, Bank Indonesia continues to strengthen the mix of monetary, macroprudential and payment system policies.
https://propertiindonesia.id/post/bank-indonesia-putuskan-bi-rate-naik-25-bps-menjadi-625
13 March 2024
Melbourne Property Expo (23 March 2024)
“The City of Melbourne is anticipated to have 139,000 new residents call Melbourne their home by 2040, creating strong demand for new apartment development within the city.” - URBIS Report (June 2023)
Please come to the Melbourne Property Expo.
Only at the Ritz-Carlton Hotel, 8th floor of Pacific Place, Jakarta.
Saturday 23 March 2024.
Starting from 11 am - 7 pm.
Many project choices in the CBD and surrounding areas. Most units are finished and ready to move in. Can be surveyed directly.
We help with the process right up to handing over the unit.
Loans up to 70% for 25 years. Partial and early repayment without penalty.
Currently, Melbourne CBD is experiencing a shortage of housing supply as students and employees return from abroad after Covid-19 ends.
Developers are still waiting for the right moment to market their new projects. This is due to the current high inflation which has caused the prices of building materials to rise.
Luckily, most of the projects are completed, so they still use the old prices. This is an added value for today's buyers as they get a new property at an old price.
Come on... take action immediately.
See you at the Ritz-Carlton Hotel...
02 March 2024
Record high: Australian home prices jump as property market shakes off summer slowdown
Home price growth accelerated in February, with strong buyer demand soaking up the influx of new properties that hit the market over summer.
The property market has brushed off its summer slowdown, with values rising across most of the country in February and prices breaking records in four capitals.
The latest PropTrack Home Price Index showed the national median home value jumped 0.45% last month, while the combined capital city median climbed 0.48%.
Australia’s median home value is up 6.15% over the past year while capital city prices have grown a little faster, sitting 7.06% higher than this time last year.
PropTrack senior economist Eleanor Creagh said the slowdown in home price growth at the end of last year has reversed and prices have hit a new peak, despite rising listing volumes.
"More homes have hit the market this year, but demand has kept up with that increase," she said.
Strong population growth, tight rental markets and the chance of interest rate cuts have bolstered demand, Ms Creagh said.
"The expectation that interest rates will fall in the second half of 2024 is likely providing a positive tailwind for activity," she said.
Data released on Wednesday showed the annual rate of inflation remained steady at 3.4% in January.
While this is still outside the Reserve Bank’s 2-3% target range, the flat result increases the likelihood that rates have peaked, with the next rate move likely to be a cut.
Brisbane is now as expensive as Melbourne
Of the capital cities, Adelaide recorded the strongest growth in February, followed by Perth and Sydney.
But in Brisbane, remarkable growth has pushed up the city’s median home value to equal that of Melbourne.
Brisbane home values grew 12.16% over the past year, compared with 1.33% growth in Melbourne.
The stark difference in growth rates means Brisbane has now caught up, with both cities recording a median home value of 7,000 – tied for third place behind Sydney, Australia’s most expensive city, and second-priciest Canberra.
Further price rises are expected in 2024
Despite more homes being listed for sale and rising prices making property less affordable, markets are expected to keep steaming ahead in 2024.
A slowdown in construction has hampered the supply of new housing, Ms Creagh said, concentrating demand for existing properties.
Meanwhile, potential rate cuts could boost buyers’ borrowing capacities, giving them more money to spend.
"Looking ahead, the positive tailwinds for housing demand and a slowdown in the completion of new homes are likely to offset the impact of reduced affordability and a slowing economy, supporting prices," Ms Creagh said.
"As a result, prices are expected to lift further in the months ahead."
To continue reading, please go to:
https://www.realestate.com.au/news/record-high-australian-home-prices-jump-as-property-market-shakes-off-summer-slowdown/
The property market has brushed off its summer slowdown, with values rising across most of the country in February and prices breaking records in four capitals.
The latest PropTrack Home Price Index showed the national median home value jumped 0.45% last month, while the combined capital city median climbed 0.48%.
Australia’s median home value is up 6.15% over the past year while capital city prices have grown a little faster, sitting 7.06% higher than this time last year.
PropTrack senior economist Eleanor Creagh said the slowdown in home price growth at the end of last year has reversed and prices have hit a new peak, despite rising listing volumes.
"More homes have hit the market this year, but demand has kept up with that increase," she said.
Strong population growth, tight rental markets and the chance of interest rate cuts have bolstered demand, Ms Creagh said.
"The expectation that interest rates will fall in the second half of 2024 is likely providing a positive tailwind for activity," she said.
Data released on Wednesday showed the annual rate of inflation remained steady at 3.4% in January.
While this is still outside the Reserve Bank’s 2-3% target range, the flat result increases the likelihood that rates have peaked, with the next rate move likely to be a cut.
Brisbane is now as expensive as Melbourne
Of the capital cities, Adelaide recorded the strongest growth in February, followed by Perth and Sydney.
But in Brisbane, remarkable growth has pushed up the city’s median home value to equal that of Melbourne.
Brisbane home values grew 12.16% over the past year, compared with 1.33% growth in Melbourne.
The stark difference in growth rates means Brisbane has now caught up, with both cities recording a median home value of 7,000 – tied for third place behind Sydney, Australia’s most expensive city, and second-priciest Canberra.
Further price rises are expected in 2024
Despite more homes being listed for sale and rising prices making property less affordable, markets are expected to keep steaming ahead in 2024.
A slowdown in construction has hampered the supply of new housing, Ms Creagh said, concentrating demand for existing properties.
Meanwhile, potential rate cuts could boost buyers’ borrowing capacities, giving them more money to spend.
"Looking ahead, the positive tailwinds for housing demand and a slowdown in the completion of new homes are likely to offset the impact of reduced affordability and a slowing economy, supporting prices," Ms Creagh said.
"As a result, prices are expected to lift further in the months ahead."
To continue reading, please go to:
https://www.realestate.com.au/news/record-high-australian-home-prices-jump-as-property-market-shakes-off-summer-slowdown/
21 February 2024
Jakarta is increasingly flooding rental apartments, what are the signs?
Jakarta, CNBC Indonesia - The condition of apartments in DKI Jakarta is starting to improve, as can be seen from Knight Frank's Jakarta Property Highlight H2 2023 research where the occupancy rate is around 63.04% or up 1.88% from the previous semester. On an annual basis, the average apartment rental price in the Serviced Apartment segment or rental apartments increases by up to 5%.
This condition makes some developers quite confident in their plans to release new rental apartments in the next five years. This year is the highest release figure, namely around 40%.
"At least 11% of serviced apartment projects have increased rental prices and as many as 1,879 new units will enter the market by 2028. And this year 792 new units will enter the market in 2024," said Knight Frank Indonesia Senior Research Advisor Syarifah Syaukat in a Press Conference, Wednesday ( 21/2/2024).
It is estimated that the average annual occupancy will increase by 2.05%, while the increase in rental prices on a HoH or semester-to-semester basis will increase by 2.9%.
Currently there are 2 new projects completed in the Gatot Subroto and Menteng areas. Occupancy of rental apartments in the CBD area was corrected by around 0.9% due to the addition of new projects entering. However, the Christmas and New Year holidays have a positive impact on increasing occupancy from daily stays or short-term rentals.
"Expatriates and corporates are long term tenants in the apartment rental space in Jakarta. Generally they come from expatriates from Asia, Japan, South Korea, India, China. Several operators are still providing promotions and negotiable prices. Repurposing will color the apartment rental trend in the second semester of 2023," said Syarifah.
https://www.cnbcindonesia.com/news/20240221131835-4-516369/apartemen-sewa-makin-banjiri-jakarta-tanda-tanda-apa
This condition makes some developers quite confident in their plans to release new rental apartments in the next five years. This year is the highest release figure, namely around 40%.
"At least 11% of serviced apartment projects have increased rental prices and as many as 1,879 new units will enter the market by 2028. And this year 792 new units will enter the market in 2024," said Knight Frank Indonesia Senior Research Advisor Syarifah Syaukat in a Press Conference, Wednesday ( 21/2/2024).
It is estimated that the average annual occupancy will increase by 2.05%, while the increase in rental prices on a HoH or semester-to-semester basis will increase by 2.9%.
Currently there are 2 new projects completed in the Gatot Subroto and Menteng areas. Occupancy of rental apartments in the CBD area was corrected by around 0.9% due to the addition of new projects entering. However, the Christmas and New Year holidays have a positive impact on increasing occupancy from daily stays or short-term rentals.
"Expatriates and corporates are long term tenants in the apartment rental space in Jakarta. Generally they come from expatriates from Asia, Japan, South Korea, India, China. Several operators are still providing promotions and negotiable prices. Repurposing will color the apartment rental trend in the second semester of 2023," said Syarifah.
https://www.cnbcindonesia.com/news/20240221131835-4-516369/apartemen-sewa-makin-banjiri-jakarta-tanda-tanda-apa
20 February 2024
5 Factors Causing House Prices to Fall, Important to Note!
Jakarta - When planning to sell a house, we want the house we are selling to sell quickly at a price that meets expectations. Of course, everyone wants the house to be sold at a high price.
However, you need to pay attention, there are things that can make the selling price of a house go down. Anything?
The following are factors that cause house selling prices to fall.
1. The physical structure of the house is damaged
The first thing that causes house prices to fall is the damaged physical structure of the house. Buying a damaged building will make potential buyers think twice because they have to do renovations too.
"House prices are going down, you can see whether it is still suitable for use or whether there is something that needs to be renovated, for example the kitchen or dining room, for example if it needs major renovation, the selling value will go down," said Country Director of Ray White Indonesia, Johann Boyke Nurtanio to detikcom, Thursday (9/11/2023)
So, to avoid falling house prices, home owners can carry out renovations first to increase house prices.
2. See Who Occupied the House Previously
The next step is to see who has occupied the house you want to sell. It turns out that the previous owner of the house can also influence the selling price of the house.
"We can see whether the house has been occupied by anyone before, for example someone who has a negative connotation, such as a house that was a site of corruption or someone who died there. That could make the selling price (of the house) much lower," he said.
3. Difficult access to the house
Lastly is home access. Houses that have difficult access, for example far from the market, far from schools, or far from hospitals, can cause the selling price of the house to fall.
"Access is whether it is difficult to get everywhere or not. That also determines whether the value can be high or not. If we have difficulty accessing public transportation or whatever, then the selling value could be low," he concluded.
4. Red Flag Locations
Location is the most important factor for a property, especially a house. So it is clear that location is one of the determinants of house prices. Well, house prices can go down if the location is in bad places, aka red flags. For example, some red flag places for homes include: close to cemeteries, close to power lines, close to train tracks, near rubbish dumps and other locations that have a high risk.
5. Flooded Area
Houses in flood areas are also not the main choice when people look for a house. So that houses in flood areas can reduce prices.
https://www.detik.com/properti/tips-dan-panduan/d-7200898/5-produk-pengebab-harga-rumah-turun-cepat-diadata
However, you need to pay attention, there are things that can make the selling price of a house go down. Anything?
The following are factors that cause house selling prices to fall.
1. The physical structure of the house is damaged
The first thing that causes house prices to fall is the damaged physical structure of the house. Buying a damaged building will make potential buyers think twice because they have to do renovations too.
"House prices are going down, you can see whether it is still suitable for use or whether there is something that needs to be renovated, for example the kitchen or dining room, for example if it needs major renovation, the selling value will go down," said Country Director of Ray White Indonesia, Johann Boyke Nurtanio to detikcom, Thursday (9/11/2023)
So, to avoid falling house prices, home owners can carry out renovations first to increase house prices.
2. See Who Occupied the House Previously
The next step is to see who has occupied the house you want to sell. It turns out that the previous owner of the house can also influence the selling price of the house.
"We can see whether the house has been occupied by anyone before, for example someone who has a negative connotation, such as a house that was a site of corruption or someone who died there. That could make the selling price (of the house) much lower," he said.
3. Difficult access to the house
Lastly is home access. Houses that have difficult access, for example far from the market, far from schools, or far from hospitals, can cause the selling price of the house to fall.
"Access is whether it is difficult to get everywhere or not. That also determines whether the value can be high or not. If we have difficulty accessing public transportation or whatever, then the selling value could be low," he concluded.
4. Red Flag Locations
Location is the most important factor for a property, especially a house. So it is clear that location is one of the determinants of house prices. Well, house prices can go down if the location is in bad places, aka red flags. For example, some red flag places for homes include: close to cemeteries, close to power lines, close to train tracks, near rubbish dumps and other locations that have a high risk.
5. Flooded Area
Houses in flood areas are also not the main choice when people look for a house. So that houses in flood areas can reduce prices.
https://www.detik.com/properti/tips-dan-panduan/d-7200898/5-produk-pengebab-harga-rumah-turun-cepat-diadata