31 July 2023
Profit and Loss Property Investment
Jakarta - Making money from property assets can be the dream of many people. But, you need to understand first the pros and cons of investing in the property sector.
Quoted from Aesia, Sunday (31/07/2023), there are opportunities and challenges that need to be your attention so that you are not surprised when you are faced with risks when investing in property.
By knowing the investment opportunities and challenges in this sector, you can also set a better strategy so that the profits you generate can be maximized.
Profit Property Investment
Transparent and Scalable
Property investment has advantages that are different from other investments. This investment is physically transparent so that the results are clearly visible. In addition, we can control more as holders of property investments than we do with other investments such as stocks and cryptocurrencies
Excess income
By investing in property, your income has the potential to be more than the instruments you invest. Reporting from On Property (onproperty.com.au), financial cash flow can run smoothly with you leasing assets to consumers and the result of this leasing is that your income will increase.
Minimal Risk
For beginners who are just starting to invest with large expenditures, property investment can be a low-risk option because the value of instrument flows in property is not sensitive and lower than investments such as stocks or crypto.
Stable market
Property investment has a stable flow and is not tight. According to Loan Market, this investment model has the potential to return on investment and is easier for investors.
Property Investment Losses
Apart from opportunities, property investment will still have challenges that must be faced during the course of this investment. So that this challenge also needs to be considered so that you can manage the process and risks in future plans. Therefore, the challenges that have the potential to occur and must be faced can be seen from the following list.
Big Capital
Starting a property investment even though it has a high opportunity and low risk, the capital prepared is large enough to own the property you want. It is possible that the property facilities obtained are inversely proportional to the capital you spend, even with a strategy and a large property value for the capital issued.
Expensive Treatment
Property maintenance costs require quite a large amount of capital because the shape of the property must still look attractive and have long-lasting properties such as leak resistance, no termites, and have an environment that attracts consumers.
Hard to Sell
If you are just starting to invest in property, don't expect to get occupants right away because the investment process is quite slow and quite difficult in marketing, when compared to stocks or crypto. Therefore, if you want liquidity quickly, such as an emergency fund need, then there is a possibility that the property's valuation can be lower than market quality.
https://www.detik.com/properti/tips-dan-panduan/d-6851831/untung-rugi-investasi-properti
Quoted from Aesia, Sunday (31/07/2023), there are opportunities and challenges that need to be your attention so that you are not surprised when you are faced with risks when investing in property.
By knowing the investment opportunities and challenges in this sector, you can also set a better strategy so that the profits you generate can be maximized.
Profit Property Investment
Transparent and Scalable
Property investment has advantages that are different from other investments. This investment is physically transparent so that the results are clearly visible. In addition, we can control more as holders of property investments than we do with other investments such as stocks and cryptocurrencies
Excess income
By investing in property, your income has the potential to be more than the instruments you invest. Reporting from On Property (onproperty.com.au), financial cash flow can run smoothly with you leasing assets to consumers and the result of this leasing is that your income will increase.
Minimal Risk
For beginners who are just starting to invest with large expenditures, property investment can be a low-risk option because the value of instrument flows in property is not sensitive and lower than investments such as stocks or crypto.
Stable market
Property investment has a stable flow and is not tight. According to Loan Market, this investment model has the potential to return on investment and is easier for investors.
Property Investment Losses
Apart from opportunities, property investment will still have challenges that must be faced during the course of this investment. So that this challenge also needs to be considered so that you can manage the process and risks in future plans. Therefore, the challenges that have the potential to occur and must be faced can be seen from the following list.
Big Capital
Starting a property investment even though it has a high opportunity and low risk, the capital prepared is large enough to own the property you want. It is possible that the property facilities obtained are inversely proportional to the capital you spend, even with a strategy and a large property value for the capital issued.
Expensive Treatment
Property maintenance costs require quite a large amount of capital because the shape of the property must still look attractive and have long-lasting properties such as leak resistance, no termites, and have an environment that attracts consumers.
Hard to Sell
If you are just starting to invest in property, don't expect to get occupants right away because the investment process is quite slow and quite difficult in marketing, when compared to stocks or crypto. Therefore, if you want liquidity quickly, such as an emergency fund need, then there is a possibility that the property's valuation can be lower than market quality.
https://www.detik.com/properti/tips-dan-panduan/d-6851831/untung-rugi-investasi-properti
25 July 2023
Capital City Moves to Kalimantan, Jakarta Property What Will Happen?
Jakarta - Next year, the capital city of Indonesia will move from Jakarta to the National Capital (IKN) of the Archipelago in East Kalimantan. Will this affect apartment sales in Jakarta?
According to JLL Indonesia's Head of Research, Yunus Karim, the move to the capital city will not necessarily affect the property market in Jakarta, especially apartments. According to him, the apartment market will still exist in the future because apartments are still considered as a product for investment plus there will be end users or buyers who will occupy the apartments.
"It depends on how many will move (to IKN) because we know this is in stages, yes, the government has indeed launched a program to move to the capital city of Kalimantan but from year and in the short term, in the near horizon we have not seen this have a significant impact to the property market in Jakarta," he said at the Jakarta Property Market Overview Q2 2023 press conference, Tuesday (25/7/2023).
Indeed, currently the cumulative sales of apartments in Jakarta are still relatively stagnant at around 61%. This is not much different from selling apartments 4-5 years ago.
"Usually apartments are used as an investment instrument and currently what is happening is that many buyers wait and see regarding the existing investment conditions and indeed those who are still active in looking for apartments are those for living or end users. So in terms of demand it is still relatively soft," said Yunus.
Currently, apartment projects that are of concern to prospective buyers are those that have good locations and access, then developers who have shown a commitment to complete the construction of apartments, and have competition (price) that is not too high. One way to increase apartment occupancy, the rental prices offered also tend to be similar, aka there has been no increase over the last few years.
"Developers who finally show their commitment or sell attractively, for example having a show unit by giving an idea to buyers what kind of concept will be applied to their apartments in the future, are more attractive to buyers," he said.
Going forward, according to Yunus, end users will be more active in buying apartments in Jakarta. Currently, around 31,500 apartments are marketed in Jakarta.
https://www.detik.com/properti/berita/d-6840241/ibu-kota-transfer-ke-kalimantan-properti-jakarta-gimana-nasibnya
According to JLL Indonesia's Head of Research, Yunus Karim, the move to the capital city will not necessarily affect the property market in Jakarta, especially apartments. According to him, the apartment market will still exist in the future because apartments are still considered as a product for investment plus there will be end users or buyers who will occupy the apartments.
"It depends on how many will move (to IKN) because we know this is in stages, yes, the government has indeed launched a program to move to the capital city of Kalimantan but from year and in the short term, in the near horizon we have not seen this have a significant impact to the property market in Jakarta," he said at the Jakarta Property Market Overview Q2 2023 press conference, Tuesday (25/7/2023).
Indeed, currently the cumulative sales of apartments in Jakarta are still relatively stagnant at around 61%. This is not much different from selling apartments 4-5 years ago.
"Usually apartments are used as an investment instrument and currently what is happening is that many buyers wait and see regarding the existing investment conditions and indeed those who are still active in looking for apartments are those for living or end users. So in terms of demand it is still relatively soft," said Yunus.
Currently, apartment projects that are of concern to prospective buyers are those that have good locations and access, then developers who have shown a commitment to complete the construction of apartments, and have competition (price) that is not too high. One way to increase apartment occupancy, the rental prices offered also tend to be similar, aka there has been no increase over the last few years.
"Developers who finally show their commitment or sell attractively, for example having a show unit by giving an idea to buyers what kind of concept will be applied to their apartments in the future, are more attractive to buyers," he said.
Going forward, according to Yunus, end users will be more active in buying apartments in Jakarta. Currently, around 31,500 apartments are marketed in Jakarta.
https://www.detik.com/properti/berita/d-6840241/ibu-kota-transfer-ke-kalimantan-properti-jakarta-gimana-nasibnya
09 June 2023
The ten richest suburbs in Australia
The richest postcodes in Australia
The Australian Tax Office (ATO) has released its taxation statistics for the 2020-21 financial year.
Included in the data is a list of the postcodes whose residents have the highest average taxable income. The top ten is dominated by suburbs in Sydney with water views, with a couple from Victoria and one lone entry from Western Australia.
Here's the top ten.
10. 2088: Mosman, Spit Junction (NSW)
9. 2063: Northbridge (NSW)
8. 2025: Woollahra (NSW)
7. 2027: Darling Point, Edgecliff, HMAS Rushcutters, Point Piper (NSW)
6. 2023: Bellevue Hill (NSW)
5. 3944: Portsea (Victoria)
4. 3142: Hawksburn, Toorak (Victoria)
3. 6011: Cottesloe, Peppermint Grove (WA)
2. 2030: Dover Heights, HMAS Watson, Rose Bay North, Vaucluse, Watsons Bay (NSW)
1. 2028: Double Bay (NSW)
Please continue reading on the link below:
https://www.9news.com.au/national/ten-richest-suburbs-australia-ato-tax-statistics/9bc95d07-b506-4ca5-a5dd-99b62cf15c6f#11
The Australian Tax Office (ATO) has released its taxation statistics for the 2020-21 financial year.
Included in the data is a list of the postcodes whose residents have the highest average taxable income. The top ten is dominated by suburbs in Sydney with water views, with a couple from Victoria and one lone entry from Western Australia.
Here's the top ten.
10. 2088: Mosman, Spit Junction (NSW)
9. 2063: Northbridge (NSW)
8. 2025: Woollahra (NSW)
7. 2027: Darling Point, Edgecliff, HMAS Rushcutters, Point Piper (NSW)
6. 2023: Bellevue Hill (NSW)
5. 3944: Portsea (Victoria)
4. 3142: Hawksburn, Toorak (Victoria)
3. 6011: Cottesloe, Peppermint Grove (WA)
2. 2030: Dover Heights, HMAS Watson, Rose Bay North, Vaucluse, Watsons Bay (NSW)
1. 2028: Double Bay (NSW)
Please continue reading on the link below:
https://www.9news.com.au/national/ten-richest-suburbs-australia-ato-tax-statistics/9bc95d07-b506-4ca5-a5dd-99b62cf15c6f#11
26 April 2023
Singapore announces new property cooling measures, additional buyer's stamp duty doubled to 60% for foreigners
SINGAPORE: Foreigners buying any residential property in Singapore from Thursday (Apr 27) will have to pay an additional buyer’s stamp duty (ABSD) of 60 per cent after it was doubled from 30 per cent.
This was the steepest increase among the cooling measures the government announced late on Wednesday night.
Singaporeans buying their second residential property will pay an ABSD rate of 20 per cent, up from 17 per cent, while those buying their third and subsequent residential property will have to pay an increased rate of 30 per cent, up from 25 per cent.
The rate of 30 per cent also applies to permanent residents buying their second residential property. PRs buying their third and subsequent residential property will pay an ABSD of 35 per cent, up from 30 per cent.
This is the third round of cooling measures since December 2021.
The increases in ABSD are to "promote a sustainable property market and prioritise housing for owner-occupation", said the Ministry of Finance (MOF), the Ministry of National Development (MND) and the Monetary Authority of Singapore (MAS) in a joint statement on Wednesday night.
They noted that the earlier measures in December 2021 and September 2022 have had a "moderating effect". However, property prices in the first quarter of 2023 showed "renewed signs of acceleration amid resilient demand".
“Demand from locals purchasing homes for owner-occupation has been especially strong, and there has also been renewed interest from local and foreign investors in our residential property market," said the authorities.
"If left unchecked, prices could run ahead of economic fundamentals, with the risk of a sustained increase in prices relative to incomes.”
Based on 2022 data, the ABSD rate increases will affect about 10 per cent of residential property transactions.
The ABSD rates for Singapore citizens and permanent residents purchasing their first residential property - which constitutes about 90 per cent of residential property transactions based on 2022 data - will remain at 0 per cent and 5 per cent respectively.
For acquisitions made jointly by two or more parties of different profiles, MOF, MND and MAS said the highest applicable ABSD rate will apply.
Married couples with at least one Singaporean spouse, who jointly purchase a second residential property, can continue to apply for a refund of ABSD, subject to conditions.
These conditions include selling their first residential property within six months after the date of purchase of the second residential property if it is a completed property, or the issue date of the Temporary Occupation Permit (TOP) or Certificate of Statutory Completion (CSC) of the second residential property, whichever is earlier, if the second property is not completed at the time of purchase.
The ABSD currently does not affect those buying a Housing and Development Board (HDB) flat or executive condominium unit from housing developers with an upfront remission, if any of the joint acquirers or purchasers is a Singapore citizen. There will be no change to this policy.
Please keep reading on:
https://www.channelnewsasia.com/singapore/property-cooling-measures-absd-additional-buyers-stamp-duty-doubled-foreigners-increase-3446376
This was the steepest increase among the cooling measures the government announced late on Wednesday night.
Singaporeans buying their second residential property will pay an ABSD rate of 20 per cent, up from 17 per cent, while those buying their third and subsequent residential property will have to pay an increased rate of 30 per cent, up from 25 per cent.
The rate of 30 per cent also applies to permanent residents buying their second residential property. PRs buying their third and subsequent residential property will pay an ABSD of 35 per cent, up from 30 per cent.
This is the third round of cooling measures since December 2021.
The increases in ABSD are to "promote a sustainable property market and prioritise housing for owner-occupation", said the Ministry of Finance (MOF), the Ministry of National Development (MND) and the Monetary Authority of Singapore (MAS) in a joint statement on Wednesday night.
They noted that the earlier measures in December 2021 and September 2022 have had a "moderating effect". However, property prices in the first quarter of 2023 showed "renewed signs of acceleration amid resilient demand".
“Demand from locals purchasing homes for owner-occupation has been especially strong, and there has also been renewed interest from local and foreign investors in our residential property market," said the authorities.
"If left unchecked, prices could run ahead of economic fundamentals, with the risk of a sustained increase in prices relative to incomes.”
Based on 2022 data, the ABSD rate increases will affect about 10 per cent of residential property transactions.
The ABSD rates for Singapore citizens and permanent residents purchasing their first residential property - which constitutes about 90 per cent of residential property transactions based on 2022 data - will remain at 0 per cent and 5 per cent respectively.
For acquisitions made jointly by two or more parties of different profiles, MOF, MND and MAS said the highest applicable ABSD rate will apply.
Married couples with at least one Singaporean spouse, who jointly purchase a second residential property, can continue to apply for a refund of ABSD, subject to conditions.
These conditions include selling their first residential property within six months after the date of purchase of the second residential property if it is a completed property, or the issue date of the Temporary Occupation Permit (TOP) or Certificate of Statutory Completion (CSC) of the second residential property, whichever is earlier, if the second property is not completed at the time of purchase.
The ABSD currently does not affect those buying a Housing and Development Board (HDB) flat or executive condominium unit from housing developers with an upfront remission, if any of the joint acquirers or purchasers is a Singapore citizen. There will be no change to this policy.
Please keep reading on:
https://www.channelnewsasia.com/singapore/property-cooling-measures-absd-additional-buyers-stamp-duty-doubled-foreigners-increase-3446376
18 April 2023
Melbourne overtakes Sydney as Australia's biggest city
BBC News, Sydney
Melbourne has overtaken Sydney as Australia's most populous city for the first time since the 19th Century gold rush, following a boundary change.
Sydney has proudly held the title for more than 100 years.
But with populations rapidly growing on Melbourne's fringe, the city limits have been expanded to include the area of Melton.
The latest government figures, from June 2021, put Melbourne's population at 4,875,400 - 18,700 more than Sydney.
The Australian Bureau of Statistics (ABS) defines a city's "significant urban area", by including all connecting suburbs with more than 10,000 people.
"With the amalgamation of Melton into Melbourne in the latest... classification, Melbourne has more people than Sydney - and has had since 2018, " the ABS's Andrew Howe told the Sydney Morning Herald newspaper - which described the redrawn boundary as "a technicality".
Proud Sydneysiders will point to the ABS's conclusion that when looking at the greater Sydney and Melbourne regions, Sydney remained bigger in June 2021.
Greater regions of a city take into account its "functional area", the ABS says, and include populations who frequent or work within the city, but may live in small towns and rural areas surrounding it.
Census reveals how Australia is changing
However the federal government predicts Greater Melbourne will overtake Greater Sydney in 2031-32.
Melbourne's rapid growth is largely thanks to international migration, Australian National University demographer Liz Allen told the BBC.
Dr Allen noted that unlike Sydney, which has a "historical hangover" of a time when "it didn't want to be seen as anything other than white", Melbourne has a reputation for celebrating diversity.
It is also an attractive migration destination as it has employment and education opportunities comparable to Sydney, but has historically been more affordable than the harbour-side city.
It's not the first time Melbourne has held the title of Australia's biggest city.
As a result of the gold rush in the late 19th Century, which saw migrants flock to the state of the Victoria, Melbourne grew rapidly and outnumbered Sydney until 1905.
https://www.bbc.com/news/world-australia-65261720
Melbourne has overtaken Sydney as Australia's most populous city for the first time since the 19th Century gold rush, following a boundary change.
Sydney has proudly held the title for more than 100 years.
But with populations rapidly growing on Melbourne's fringe, the city limits have been expanded to include the area of Melton.
The latest government figures, from June 2021, put Melbourne's population at 4,875,400 - 18,700 more than Sydney.
The Australian Bureau of Statistics (ABS) defines a city's "significant urban area", by including all connecting suburbs with more than 10,000 people.
"With the amalgamation of Melton into Melbourne in the latest... classification, Melbourne has more people than Sydney - and has had since 2018, " the ABS's Andrew Howe told the Sydney Morning Herald newspaper - which described the redrawn boundary as "a technicality".
Proud Sydneysiders will point to the ABS's conclusion that when looking at the greater Sydney and Melbourne regions, Sydney remained bigger in June 2021.
Greater regions of a city take into account its "functional area", the ABS says, and include populations who frequent or work within the city, but may live in small towns and rural areas surrounding it.
Census reveals how Australia is changing
However the federal government predicts Greater Melbourne will overtake Greater Sydney in 2031-32.
Melbourne's rapid growth is largely thanks to international migration, Australian National University demographer Liz Allen told the BBC.
Dr Allen noted that unlike Sydney, which has a "historical hangover" of a time when "it didn't want to be seen as anything other than white", Melbourne has a reputation for celebrating diversity.
It is also an attractive migration destination as it has employment and education opportunities comparable to Sydney, but has historically been more affordable than the harbour-side city.
It's not the first time Melbourne has held the title of Australia's biggest city.
As a result of the gold rush in the late 19th Century, which saw migrants flock to the state of the Victoria, Melbourne grew rapidly and outnumbered Sydney until 1905.
https://www.bbc.com/news/world-australia-65261720
04 April 2023
Singapore’s public transport system is second best in Asia And that’s according to locals4
In a recent survey, Time Out hit the streets to ask the locals of different cities the big question, “Is it easy to get around your city by public transport?” More than 20,000 people gave their two cents, and the results – drum roll please – had Singapore ranked the second best in Asia.
We’ve come a long way since our beginnings. In 1978, the Singapore Bus Service established its first bus interchange at Jurong Road, and in 1987, the Land Transport Authority first launched the five-station segment that stretches from Toa Payoh to Yio Chu Kang.
Today, 140 stations across six Mass Rapid Transit (MRT) lines connect the island, with a daily ridership of over three million. Let’s not forget the 40 stations across the two Light Rail Transit (LRT) lines, catered to citizens who live slightly further from the main train stations, which also sees over 200,000 daily ridership. Our buses also boast a fleet of more than 3,400 buses, operating more than 220 bus services, providing convenience even when travelling to the corners of Singapore that are not as accessible by train.
Besides having a well connected system, there are other perks like the SBS Transit Mobile application that provides real time bus arrival timings. Our iconic landmarks and hottest attractions are also mostly a stone’s throw away from the local stations, making the commute around Singapore a convenient one.
You’ll be shocked to know that in this survey, Singapore ranked above Hong Kong. Tokyo, on the other hand, unsurprisingly ranks first in Asia.
https://www.timeout.com/singapore/news/singapores-public-transport-system-is-second-best-in-asia-040423
We’ve come a long way since our beginnings. In 1978, the Singapore Bus Service established its first bus interchange at Jurong Road, and in 1987, the Land Transport Authority first launched the five-station segment that stretches from Toa Payoh to Yio Chu Kang.
Today, 140 stations across six Mass Rapid Transit (MRT) lines connect the island, with a daily ridership of over three million. Let’s not forget the 40 stations across the two Light Rail Transit (LRT) lines, catered to citizens who live slightly further from the main train stations, which also sees over 200,000 daily ridership. Our buses also boast a fleet of more than 3,400 buses, operating more than 220 bus services, providing convenience even when travelling to the corners of Singapore that are not as accessible by train.
Besides having a well connected system, there are other perks like the SBS Transit Mobile application that provides real time bus arrival timings. Our iconic landmarks and hottest attractions are also mostly a stone’s throw away from the local stations, making the commute around Singapore a convenient one.
You’ll be shocked to know that in this survey, Singapore ranked above Hong Kong. Tokyo, on the other hand, unsurprisingly ranks first in Asia.
https://www.timeout.com/singapore/news/singapores-public-transport-system-is-second-best-in-asia-040423
30 March 2023
The 10 Biggest Banks in the World, 1-4 Controlled by China! Is there Indonesia?
Jakarta, CNBC Indonesia - The banking crisis that has hit the United States (US) and Europe has begun to spread and has caused great concern among market players. Even though Indonesia itself is said to have strong bank defense, it is starting to be vigilant and monitoring developments.
How could it not be, the banking crisis that occurred involved a row of large world-class banks. Call it Credit Suisse, Deutsche Bank, JPMorgan Chase and several other banks such as Silicon Valley Bank, Signature Bank and Silvergate.
It should be noted, the banking industry itself is a highly regulated business and has tight supervision, compared to other financial industries. This indicates that the global economic conditions are not doing well. Then who are the biggest banks in the world?
1. Industrial and Commercial Bank of China (ICBC) US$ 5.53 trillion
Founded in Beijing in 1984, Industrial and Commercial Bank of China (ICBC) is the world's largest bank by asset value, with more than US$ 5.53 trillion at its last accounting.
It is one of China's "Big Four" state-owned banks that dominate this list. ICBC has a global network with operations in 42 countries and territories.
ICBC claims to have more than 530 million personal banking customers and 5.7 million corporate banking customers.
2. China Construction Bank Corporation (CCBC) US$ 4.76 trillion
Headquartered in Beijing, China Construction Bank Corporation (CCBC) was founded in 1954 and is currently chaired by Wang Hongzhang.
The company has assets of US$ 4.76 trillion and is under the ownership of the Chinese government's Ministry of Finance - although for a short period of time Bank of America held a 10% stake in CCBC.
The bank, which operates in retail banking, corporate banking, investment banking, private equity and wealth management services, has more than 13,600 domestic branches, as well as a number of overseas operations including in Europe, Hong Kong to the US.
3. Agricultural Bank of China (US$ 4.57 trillion)
The Beijing-based Agricultural Bank of China was founded in 1951, after a merger between the two main banks present to help farmers, namely the Cooperation Bank and the Farmers Bank of China.
With total assets of more than US.57 trillion, the bank says it has around 320 million retail customers, 2.7 million corporate clients and 24,000 branches across mainland China. As well as branches in Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul and Singapore.
4. Bank of China (US$ 4.20 trillion)
The last member of the Chinese banking gang is the Bank of China which was founded in 1912 and is the oldest bank still operating in mainland China having its headquarters in Beijing.
At its inception, the bank was officially licensed to issue banknotes throughout mainland China, but now that privilege can only be exercised in two special administrative regions, Hong Kong and Macau.
Bank of China has assets of more than US.20 trillion and is the Chinese bank with the largest global reach and operations in 51 countries and regions.
Its core business is commercial banking, including corporate banking, personal banking and financial market services.
5. JP Morgan Chase (US$ 3.74 trillion)
The largest bank in the US, JP Morgan Chase in its current iteration was founded in 2000 and is the result of several mergers and acquisitions, including Chase Manhattan Bank, JP Morgan, Bank One, Bear Stearns, and Washington Mutual.
Currently based in New York and led by CEO Jamie Dimon, the bank has over .74 trillion in assets.
The bank is engaged in a variety of financial services under several divisions, including retail banking under the Chase brand and corporate banking under the Morgan brand.
JP Morgan Chase currently employs more than 25,000 people and is present in hundreds of markets.
6. Mitsubishi UFJ Financial Group (MUFG) US$ 3.17 trillion
Headquartered in Tokyo, Mitsubishi UFJ Financial Group (MUFG) is the largest financial services company in Japan which was the result of a merger between Mitsubishi Tokyo Financial Group and UFJ Holdings in 2005. This bank is engaged in retail banking, investment management and retail management.
7. Bank of America (BofA) US$ 3.16 trillion
Bank of America is the second largest financial institution in the US. It is currently based in Charlotte, North Carolina, but was founded in San Francisco in 1904 as the Bank of Italy to serve the area's working-class citizens, especially Italian-American immigrants.
Incorporation in its current form occurred in 1998, following a US billion acquisition by NationsBank, and has a significant footprint in the wealth management and investment sector under the Merrill Lynch brand.
8. HSBC (US$ 2.95 trillion)
London-based multinational bank HSBC is Europe's largest financial institution. The company serves more than 39 million customers through four global businesses, from retail banking and wealth management to commercial banking.
HSBC operates in 66 countries and territories across Europe, Asia, the Middle East and Africa, North America and Latin America. Although now based in England, HSBC has roots in Hong Kong where it was first founded in 1866.
9. BNP Paribas (US$ 2.90 trillion)
BNP Paribas in its current form is the result of the merger of the Banque Nationale de Paris (BNP) and Paribas in 2000.
Based in Paris, BNP employs around 200,000 people in 72 countries, with two main focuses on its business - retail and corporate banking.
The bank serves nearly 32 million individual customers and 850,000 professionals, entrepreneurs, SMEs and large corporate clients through its retail banking network.
10. Crédit Agricole (US$ 2.67 trillion)
Based in Montrouge, France, Crédit Agricole is the second largest bank in the country and the third largest in Europe. Crédit Agricole is also the largest cooperative financial institution in the world.
The company was founded in 1894 as a lender to the agricultural industry, and after undergoing a number of institutional transformations, has today developed into one of the world's giant banks.
Meanwhile, there are no banks from Indonesia in the list of the world's 100 largest banks in terms of assets. However, the Southeast Asia region sent three representatives, namely the big three from Singapore. DBS is the largest (US$ 509 billion), followed by OCBC and UOB.
https://www.cnbcindonesia.com/market/20230330084133-17-425721/10-bank-terbesar-di-dunia-1-4-dikuasai-china-ada-indonesia
How could it not be, the banking crisis that occurred involved a row of large world-class banks. Call it Credit Suisse, Deutsche Bank, JPMorgan Chase and several other banks such as Silicon Valley Bank, Signature Bank and Silvergate.
It should be noted, the banking industry itself is a highly regulated business and has tight supervision, compared to other financial industries. This indicates that the global economic conditions are not doing well. Then who are the biggest banks in the world?
1. Industrial and Commercial Bank of China (ICBC) US$ 5.53 trillion
Founded in Beijing in 1984, Industrial and Commercial Bank of China (ICBC) is the world's largest bank by asset value, with more than US$ 5.53 trillion at its last accounting.
It is one of China's "Big Four" state-owned banks that dominate this list. ICBC has a global network with operations in 42 countries and territories.
ICBC claims to have more than 530 million personal banking customers and 5.7 million corporate banking customers.
2. China Construction Bank Corporation (CCBC) US$ 4.76 trillion
Headquartered in Beijing, China Construction Bank Corporation (CCBC) was founded in 1954 and is currently chaired by Wang Hongzhang.
The company has assets of US$ 4.76 trillion and is under the ownership of the Chinese government's Ministry of Finance - although for a short period of time Bank of America held a 10% stake in CCBC.
The bank, which operates in retail banking, corporate banking, investment banking, private equity and wealth management services, has more than 13,600 domestic branches, as well as a number of overseas operations including in Europe, Hong Kong to the US.
3. Agricultural Bank of China (US$ 4.57 trillion)
The Beijing-based Agricultural Bank of China was founded in 1951, after a merger between the two main banks present to help farmers, namely the Cooperation Bank and the Farmers Bank of China.
With total assets of more than US.57 trillion, the bank says it has around 320 million retail customers, 2.7 million corporate clients and 24,000 branches across mainland China. As well as branches in Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul and Singapore.
4. Bank of China (US$ 4.20 trillion)
The last member of the Chinese banking gang is the Bank of China which was founded in 1912 and is the oldest bank still operating in mainland China having its headquarters in Beijing.
At its inception, the bank was officially licensed to issue banknotes throughout mainland China, but now that privilege can only be exercised in two special administrative regions, Hong Kong and Macau.
Bank of China has assets of more than US.20 trillion and is the Chinese bank with the largest global reach and operations in 51 countries and regions.
Its core business is commercial banking, including corporate banking, personal banking and financial market services.
5. JP Morgan Chase (US$ 3.74 trillion)
The largest bank in the US, JP Morgan Chase in its current iteration was founded in 2000 and is the result of several mergers and acquisitions, including Chase Manhattan Bank, JP Morgan, Bank One, Bear Stearns, and Washington Mutual.
Currently based in New York and led by CEO Jamie Dimon, the bank has over .74 trillion in assets.
The bank is engaged in a variety of financial services under several divisions, including retail banking under the Chase brand and corporate banking under the Morgan brand.
JP Morgan Chase currently employs more than 25,000 people and is present in hundreds of markets.
6. Mitsubishi UFJ Financial Group (MUFG) US$ 3.17 trillion
Headquartered in Tokyo, Mitsubishi UFJ Financial Group (MUFG) is the largest financial services company in Japan which was the result of a merger between Mitsubishi Tokyo Financial Group and UFJ Holdings in 2005. This bank is engaged in retail banking, investment management and retail management.
7. Bank of America (BofA) US$ 3.16 trillion
Bank of America is the second largest financial institution in the US. It is currently based in Charlotte, North Carolina, but was founded in San Francisco in 1904 as the Bank of Italy to serve the area's working-class citizens, especially Italian-American immigrants.
Incorporation in its current form occurred in 1998, following a US billion acquisition by NationsBank, and has a significant footprint in the wealth management and investment sector under the Merrill Lynch brand.
8. HSBC (US$ 2.95 trillion)
London-based multinational bank HSBC is Europe's largest financial institution. The company serves more than 39 million customers through four global businesses, from retail banking and wealth management to commercial banking.
HSBC operates in 66 countries and territories across Europe, Asia, the Middle East and Africa, North America and Latin America. Although now based in England, HSBC has roots in Hong Kong where it was first founded in 1866.
9. BNP Paribas (US$ 2.90 trillion)
BNP Paribas in its current form is the result of the merger of the Banque Nationale de Paris (BNP) and Paribas in 2000.
Based in Paris, BNP employs around 200,000 people in 72 countries, with two main focuses on its business - retail and corporate banking.
The bank serves nearly 32 million individual customers and 850,000 professionals, entrepreneurs, SMEs and large corporate clients through its retail banking network.
10. Crédit Agricole (US$ 2.67 trillion)
Based in Montrouge, France, Crédit Agricole is the second largest bank in the country and the third largest in Europe. Crédit Agricole is also the largest cooperative financial institution in the world.
The company was founded in 1894 as a lender to the agricultural industry, and after undergoing a number of institutional transformations, has today developed into one of the world's giant banks.
Meanwhile, there are no banks from Indonesia in the list of the world's 100 largest banks in terms of assets. However, the Southeast Asia region sent three representatives, namely the big three from Singapore. DBS is the largest (US$ 509 billion), followed by OCBC and UOB.
https://www.cnbcindonesia.com/market/20230330084133-17-425721/10-bank-terbesar-di-dunia-1-4-dikuasai-china-ada-indonesia
01 March 2023
Shophouse and Shophouse Owners Can Now Get Ownership Certificates
JAKARTA, KOMPAS.com - There is good news for shophouse (ruko) and home office (rukan) owners in Indonesia. If previously the ownership status of shophouses and shophouses was Hak Guna Bangunan (HGB), now it can be upgraded to a Certificate of Ownership (SHM). This was conveyed by the Director for Regulation and Determination of Land Rights of the Ministry of ATR/BPN, Husaini in the Socialization of Strategic Programs and Policies in the Sector of Determination of Land Rights and Registration at Grand Mercure Ancol, Jakarta, Monday (27/03/2023). According to him, this has been regulated in the derivative Government Regulation in Lieu of Law (Perpu) Number 2 concerning Job Creation in 2022, namely Ministerial Regulation Number 18 of 2021.
So the shop houses and office houses can also be given ownership rights because we have to pay attention to the community. But please also look at the functionality, if you win productively, please give them their rights," said Husaini. For your information, a shophouse is a property that has 2 or 3 floors and is usually used as a place of business. Meanwhile, a shophouse is intended for office space. Shophouses and shophouses are not only it can be used for personal purposes, but can also be rented out to other people.As quoted from the Kompas.com archive, Tuesday (28/12/2022), shop houses and shop houses are different things from vertical housing such as apartments.
These two types of properties are integrated housing and landed houses. Therefore, the status of land ownership is owned by one person. One of the characteristics of shophouses and shophouses is their location which is located on the edge of the main road and close to various public facilities. Also read: See, This is the Difference between Shophouses, Shophouses and SOHOs The use of shophouses and shophouses is more flexible when compared to apartments. The first floor of a shop or shophouse can be used as a place of business, shop or rented office space. While the next floor as residential.
https://www.kompas.com/properti/read/2023/03/01/104500521/pemilik-ruko-dan-rukan-kini-bisa-kantongi-certifikat-hak-milik
So the shop houses and office houses can also be given ownership rights because we have to pay attention to the community. But please also look at the functionality, if you win productively, please give them their rights," said Husaini. For your information, a shophouse is a property that has 2 or 3 floors and is usually used as a place of business. Meanwhile, a shophouse is intended for office space. Shophouses and shophouses are not only it can be used for personal purposes, but can also be rented out to other people.As quoted from the Kompas.com archive, Tuesday (28/12/2022), shop houses and shop houses are different things from vertical housing such as apartments.
These two types of properties are integrated housing and landed houses. Therefore, the status of land ownership is owned by one person. One of the characteristics of shophouses and shophouses is their location which is located on the edge of the main road and close to various public facilities. Also read: See, This is the Difference between Shophouses, Shophouses and SOHOs The use of shophouses and shophouses is more flexible when compared to apartments. The first floor of a shop or shophouse can be used as a place of business, shop or rented office space. While the next floor as residential.
https://www.kompas.com/properti/read/2023/03/01/104500521/pemilik-ruko-dan-rukan-kini-bisa-kantongi-certifikat-hak-milik
02 February 2023
Where Melbourne's inner-city rental market is heading in 2023
Melbourne has always been a trendy urban playground attracting professionals of all ages for work and play.
In the post-pandemic world, the inner city is roaring back to life, with rentals in significant demand.
With 2023 kicking into full gear, we take a look at the key indicators for the inner-city market and the new offerings reinventing renting.
Rental stress
With covid restrictions pushing Melburnians to the regions at record rates, the inner Melbourne’s vacancy rate increased. However, with people flooding back into the city, the vacancy rate has fallen year-on-year from 4.79% to 2.06%, according PropTrack’s latest Quarterly Rental Report.
Vacancy at these low levels have not been seen in at least the last five years, and are considered an historic low, evidenced by the extended queues seen outside open-for-inspections across inner Melbourne.
This is making renters rethink the way they rent and live, especially given the price points for some one-bedroom apartments. Renters are now reconsidering the type of dwelling, as well as the living arrangement (living with friends instead of going solo) to get more bang for their buck
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