13 April 2022
Thousands of Units Handed Over, This Apartment Sets a Record
Writer: Wahyu Ardiyanto
RumahCom – Agung Sedayu and Salim Group as the developer of Tokyo Riverside Apartment PIK 2 have successfully handed over 1,595 apartment units. This achievement was finally rewarded by the MURI record for the most apartment handovers in one month.
The completion of the project to the unit handover process is tangible evidence that is felt directly by consumers and investors. Therefore, a good developer will continue to encourage the progress of his project to pursue a predetermined time schedule so that the project can run well according to plan.
Developers Agung Sedayu Group and Salim Group encourage the handover of their apartment projects to be handed over on a large scale (bulky) at Tokyo Riverside Apartment located in the Pantai Indah Kapuk (PIK) 2 area in the development of New Jakarta City as a result of the development of the two companies.
Not just units, tens, even hundreds, since the end of March 2022, Tokyo Riverside Apartment has directly handed over 1,595 units to consumers and will continue to do so. This achievement made Tokyo Riverside Apartment won the Indonesian Record Museum (MURI) record as the handover of the most apartment units in one month.
According to Deputy Director of MURI Osmar Semesta Susilo, MURI really appreciates the achievement of the handover of up to thousands of units in one month and this proves that the Covid-19 pandemic does not prevent us from doing business well.
"Hopefully the success that can be achieved for this apartment project can be an inspiration and a whip for other companies to continue to work and be able to carry out the entire project process to carry out the handover properly," he said.
Ishak S. Lopung, Strata & High Rise Management General Manager of Tokyo Riverside Apartment said, there are two towers, namely Akihabara and Beppu which began to be handed over in March following Chikusei and Dotonburi Towers which were also handed over in April 2022.
"With this good progress, we continue to schedule the handover process for the other towers, namely Edogawa and Fuji. We also thank all supporters and especially consumers who have supported and participated, especially for this handover activity," he said.
Tokyo Riverside Apartment is conceptualized as a Japanese-style residence that provides various facilities such as a club house, retail area, Tokyo Market, and Tokyo Hub. Currently, another product is being prepared, namely Sapporo Residences, which is offered with prices starting at Rp. 1.8 billion. The Japanese concept is presented because it has a great interest with a compact design and adapts to urban needs.
https://www.rumah.com/berita-properti/2022/4/204522/ribuan-unit-diserahterimakan-apartemen-ini-catat-rekor
RumahCom – Agung Sedayu and Salim Group as the developer of Tokyo Riverside Apartment PIK 2 have successfully handed over 1,595 apartment units. This achievement was finally rewarded by the MURI record for the most apartment handovers in one month.
The completion of the project to the unit handover process is tangible evidence that is felt directly by consumers and investors. Therefore, a good developer will continue to encourage the progress of his project to pursue a predetermined time schedule so that the project can run well according to plan.
Developers Agung Sedayu Group and Salim Group encourage the handover of their apartment projects to be handed over on a large scale (bulky) at Tokyo Riverside Apartment located in the Pantai Indah Kapuk (PIK) 2 area in the development of New Jakarta City as a result of the development of the two companies.
Not just units, tens, even hundreds, since the end of March 2022, Tokyo Riverside Apartment has directly handed over 1,595 units to consumers and will continue to do so. This achievement made Tokyo Riverside Apartment won the Indonesian Record Museum (MURI) record as the handover of the most apartment units in one month.
According to Deputy Director of MURI Osmar Semesta Susilo, MURI really appreciates the achievement of the handover of up to thousands of units in one month and this proves that the Covid-19 pandemic does not prevent us from doing business well.
"Hopefully the success that can be achieved for this apartment project can be an inspiration and a whip for other companies to continue to work and be able to carry out the entire project process to carry out the handover properly," he said.
Ishak S. Lopung, Strata & High Rise Management General Manager of Tokyo Riverside Apartment said, there are two towers, namely Akihabara and Beppu which began to be handed over in March following Chikusei and Dotonburi Towers which were also handed over in April 2022.
"With this good progress, we continue to schedule the handover process for the other towers, namely Edogawa and Fuji. We also thank all supporters and especially consumers who have supported and participated, especially for this handover activity," he said.
Tokyo Riverside Apartment is conceptualized as a Japanese-style residence that provides various facilities such as a club house, retail area, Tokyo Market, and Tokyo Hub. Currently, another product is being prepared, namely Sapporo Residences, which is offered with prices starting at Rp. 1.8 billion. The Japanese concept is presented because it has a great interest with a compact design and adapts to urban needs.
https://www.rumah.com/berita-properti/2022/4/204522/ribuan-unit-diserahterimakan-apartemen-ini-catat-rekor
24 March 2022
Singapore to reopen borders to all fully vaccinated travellers on Apr 1; existing VTLs will be retired
Written by: Vanessa Lim
SINGAPORE: Singapore will reopen its borders to all fully vaccinated travellers, removing all existing vaccinated travel lanes (VTL) and unilateral opening arrangements from Apr 1, the Civil Aviation Authority of Singapore announced on Thursday (Mar 24).
Instead, it will transition to a new simplified travel framework - the vaccinated travel framework - where countries and regions will be classified into two categories - general travel or the restricted category.
Under the framework, all fully vaccinated travellers, as well as children aged 12 and below, will be able to enter Singapore with just a pre-departure COVID-19 test from 11.59pm on Mar 31.
They will also no longer need to apply for entry approvals or take designated VTL transport to enter Singapore quarantine-free. In addition, there will be no more quotas on the number of daily arrivals.
While they will continue to be subjected to a pre-departure test within two days before departure for Singapore, they will not be required to serve a stay-home notice or undergo an unsupervised antigen rapid test (ART) after arriving in Singapore.
As for long-term pass-holders and short-term visitors aged 13 and above who are not fully vaccinated, they are generally not allowed to enter Singapore, with a few exceptions. This includes long-term pass-holders who are medically ineligible for vaccines as well as those who have valid entry approval such as compassionate reasons.
For this group, they will be required to take a pre-departure test within two days before departure for Singapore, undergo a seven-day stay-home notice, and take a polymerase chain reaction (PCR) test after their isolation period.
https://www.channelnewsasia.com/singapore/singapore-reopen-borders-all-fully-vaccinated-travellers-apr-1-existing-vtls-will-be-retired-2582986?cid=internal_sharetool_androidphone_24032022_cna
SINGAPORE: Singapore will reopen its borders to all fully vaccinated travellers, removing all existing vaccinated travel lanes (VTL) and unilateral opening arrangements from Apr 1, the Civil Aviation Authority of Singapore announced on Thursday (Mar 24).
Instead, it will transition to a new simplified travel framework - the vaccinated travel framework - where countries and regions will be classified into two categories - general travel or the restricted category.
Under the framework, all fully vaccinated travellers, as well as children aged 12 and below, will be able to enter Singapore with just a pre-departure COVID-19 test from 11.59pm on Mar 31.
They will also no longer need to apply for entry approvals or take designated VTL transport to enter Singapore quarantine-free. In addition, there will be no more quotas on the number of daily arrivals.
While they will continue to be subjected to a pre-departure test within two days before departure for Singapore, they will not be required to serve a stay-home notice or undergo an unsupervised antigen rapid test (ART) after arriving in Singapore.
As for long-term pass-holders and short-term visitors aged 13 and above who are not fully vaccinated, they are generally not allowed to enter Singapore, with a few exceptions. This includes long-term pass-holders who are medically ineligible for vaccines as well as those who have valid entry approval such as compassionate reasons.
For this group, they will be required to take a pre-departure test within two days before departure for Singapore, undergo a seven-day stay-home notice, and take a polymerase chain reaction (PCR) test after their isolation period.
https://www.channelnewsasia.com/singapore/singapore-reopen-borders-all-fully-vaccinated-travellers-apr-1-existing-vtls-will-be-retired-2582986?cid=internal_sharetool_androidphone_24032022_cna
23 March 2022
Calm down... VAT Rises, House Prices Not Sure
Writer: Emir Yanwardhana, CNBC Indonesia
Jakarta - The planned increase in Value Added Tax (VAT) to 11% from 10% as of April has not affected house prices. According to the Country Manager of Rumah.com, Marine Novita, this is because there is still an incentive for VAT borne by the government (VAT DTP) which is valid until September 2022.
"Even though the VAT has been added to 11 percent, we are still given a 50 percent discount. Now that doesn't apply until September 2022. Later it should be after September or so until September we don't pay 11 percent, so around 6 percent. Because we still have purchase incentives," he said. Marine in the Rumah.com webinar, Wednesday (23/3/2022).
The VAT incentive for DTP itself is given at 50% for house sales with a maximum of IDR 2 billion, and 25% for sales of houses with prices above IDR 2-5 billion. This is stated in the Regulation of the Minister of Finance (PMK) Number 6/PMrK.010/22 concerning Value Added Tax on the Delivery of Landed Houses and Flats Borne by the Government for Fiscal Year 2022.
The amount of incentives has also been reduced from 2021. Where the previous year's house and apartment tax discount was 100% for residential with a price of up to IDR 2 billion, and 50% for property at a price of IDR 2 - 5 billion.
In addition, Marine sees that the interest in landed houses is still the highest at the moment, apartments. According to survey figures, more than 70% of housing seekers are still looking for landed houses. Even though as of September after the DTP VAT incentive runs out, the developer will adjust the price.
"Developers will adjust prices for this 1% increase. But landed houses are still far from the advantage of apartments. Landed houses have good prospects from marketers and demand," said Marine.
https://www.cnbcindonesia.com/news/20220323114918-4-325232/tenangppn-naik-harga-rumah-belum-tentu
Jakarta - The planned increase in Value Added Tax (VAT) to 11% from 10% as of April has not affected house prices. According to the Country Manager of Rumah.com, Marine Novita, this is because there is still an incentive for VAT borne by the government (VAT DTP) which is valid until September 2022.
"Even though the VAT has been added to 11 percent, we are still given a 50 percent discount. Now that doesn't apply until September 2022. Later it should be after September or so until September we don't pay 11 percent, so around 6 percent. Because we still have purchase incentives," he said. Marine in the Rumah.com webinar, Wednesday (23/3/2022).
The VAT incentive for DTP itself is given at 50% for house sales with a maximum of IDR 2 billion, and 25% for sales of houses with prices above IDR 2-5 billion. This is stated in the Regulation of the Minister of Finance (PMK) Number 6/PMrK.010/22 concerning Value Added Tax on the Delivery of Landed Houses and Flats Borne by the Government for Fiscal Year 2022.
The amount of incentives has also been reduced from 2021. Where the previous year's house and apartment tax discount was 100% for residential with a price of up to IDR 2 billion, and 50% for property at a price of IDR 2 - 5 billion.
In addition, Marine sees that the interest in landed houses is still the highest at the moment, apartments. According to survey figures, more than 70% of housing seekers are still looking for landed houses. Even though as of September after the DTP VAT incentive runs out, the developer will adjust the price.
"Developers will adjust prices for this 1% increase. But landed houses are still far from the advantage of apartments. Landed houses have good prospects from marketers and demand," said Marine.
https://www.cnbcindonesia.com/news/20220323114918-4-325232/tenangppn-naik-harga-rumah-belum-tentu
15 March 2022
On board the first flight to Bali as quarantine-free travel reopened to Australia
By A Current Affair Staff, Chanel 9 News
A Current Affair joined the first flight over to Bali from Melbourne's Tullamarine Airport as quarantine-free travel reopened to Aussies.
Melbourne resident Keith Baker was among those who boarded the first Jetstar flights to Depensar in two years.
"I love it and I'm going to go stay there for six months to a year now and see what happens and sell my house up," Mr Baker told A Current Affair.
"They like to look after you, you know what I mean, and that's why I like to be here."
Sandy Hollingworth from Ballarat couldn't wait to get back either.
"I love the Balinese people, always have. I think they're beautiful people," Ms Hollingworth said.
"You can go and lay in the beach, the pool, but the Balinese people make you feel better."
The holiday island, which relies economically on tourism, has taken an absolute battering over the past few years. While Bali has been a well-known destination for Australian tourists and schoolies, it's now a completely different place after taking a hit from the COVID-19 pandemic.
But while travel has restarted again this week, so far it's still been a little quiet.
"Very different, there's obviously a lot closed and everything but yeah it's pretty quiet," Ruby from Victoria's Mornington Peninsula said.
The Bintangs are cold, but the bars are still empty. Although there are tourists arriving there are barely any Australians there yet.
Among some of the first Aussies to arrive were social media stars and self-proclaimed "influencers" Erin James, Bailey Scarlett and Christie Lucic, who travel the world for the perfect shot.
"I'm just excited for my first holiday without my parents ... I think 'yeah ... first time without my parents' so I think it's going be very interesting," Ms Lucic said.
"Hopefully we all stay nice and safe … and (we) don't get into any trouble."
"But we will run amok," Ms James said.
While there are fewer tourists, the beaches from Nusa Dua to Kuta appear to be cleaner than usual .
Looking at the once-bustling party strips it's clear Bali has suffered because of the loss of international tourism.
There are for lease signs everywhere and many businesses have closed.
Bali-based chef Kieran Morland, who is originally from Melbourne, said it's been "pretty crazy … especially around Seminyak where our restaurants are such a touristy … place".
He said in the space of a week every single tourist left and "it's kind of been a ghost town for the past two years basically".
He now wants more holidaymakers to choose Bali as their travel destination.
"Come back and enjoy, there's such a large area of Seminyak, Legian, Kuta, at the moment it's a bit abandoned so it needs Aussies back," Mr Morland said.
Despite quarantine requirements being lifted for Australians, there are still rules in place.
Travellers will need to have a PCR test 48 hours before their departure time and another one on arrival, but those tests can be organised at the airport. Visitors will also need to take a PCR test on day three of their stay in Bali.
But those rules will likely be relaxed further in the coming weeks and as more tourists return, the island should soon start to look more like its bustling old self.
While flights from Melbourne to Bali have resumed, flights from Sydney and Perth will resume next month, and from Brisbane in March.
https://9now.nine.com.au/a-current-affair/coronavirus-australians-travel-to-bali-on-board-first-quarantine-free-jestar-flights/00a22569-edf1-4c19-ac6b-fecce62517c8
A Current Affair joined the first flight over to Bali from Melbourne's Tullamarine Airport as quarantine-free travel reopened to Aussies.
Melbourne resident Keith Baker was among those who boarded the first Jetstar flights to Depensar in two years.
"I love it and I'm going to go stay there for six months to a year now and see what happens and sell my house up," Mr Baker told A Current Affair.
"They like to look after you, you know what I mean, and that's why I like to be here."
Sandy Hollingworth from Ballarat couldn't wait to get back either.
"I love the Balinese people, always have. I think they're beautiful people," Ms Hollingworth said.
"You can go and lay in the beach, the pool, but the Balinese people make you feel better."
The holiday island, which relies economically on tourism, has taken an absolute battering over the past few years. While Bali has been a well-known destination for Australian tourists and schoolies, it's now a completely different place after taking a hit from the COVID-19 pandemic.
But while travel has restarted again this week, so far it's still been a little quiet.
"Very different, there's obviously a lot closed and everything but yeah it's pretty quiet," Ruby from Victoria's Mornington Peninsula said.
The Bintangs are cold, but the bars are still empty. Although there are tourists arriving there are barely any Australians there yet.
Among some of the first Aussies to arrive were social media stars and self-proclaimed "influencers" Erin James, Bailey Scarlett and Christie Lucic, who travel the world for the perfect shot.
"I'm just excited for my first holiday without my parents ... I think 'yeah ... first time without my parents' so I think it's going be very interesting," Ms Lucic said.
"Hopefully we all stay nice and safe … and (we) don't get into any trouble."
"But we will run amok," Ms James said.
While there are fewer tourists, the beaches from Nusa Dua to Kuta appear to be cleaner than usual .
Looking at the once-bustling party strips it's clear Bali has suffered because of the loss of international tourism.
There are for lease signs everywhere and many businesses have closed.
Bali-based chef Kieran Morland, who is originally from Melbourne, said it's been "pretty crazy … especially around Seminyak where our restaurants are such a touristy … place".
He said in the space of a week every single tourist left and "it's kind of been a ghost town for the past two years basically".
He now wants more holidaymakers to choose Bali as their travel destination.
"Come back and enjoy, there's such a large area of Seminyak, Legian, Kuta, at the moment it's a bit abandoned so it needs Aussies back," Mr Morland said.
Despite quarantine requirements being lifted for Australians, there are still rules in place.
Travellers will need to have a PCR test 48 hours before their departure time and another one on arrival, but those tests can be organised at the airport. Visitors will also need to take a PCR test on day three of their stay in Bali.
But those rules will likely be relaxed further in the coming weeks and as more tourists return, the island should soon start to look more like its bustling old self.
While flights from Melbourne to Bali have resumed, flights from Sydney and Perth will resume next month, and from Brisbane in March.
https://9now.nine.com.au/a-current-affair/coronavirus-australians-travel-to-bali-on-board-first-quarantine-free-jestar-flights/00a22569-edf1-4c19-ac6b-fecce62517c8
10 March 2022
In addition to Bali, foreign travellers can now enter Indonesia’s Bintan and Batam without quarantine
Indonesia will need to discuss with Singapore regarding how these new protocols could be synchronised with existing VTL procedures, says the tourism chief of the Riau Islands.
Writer: Kiki Siregar
JAKARTA: Foreign travellers can now enter the Indonesian islands of Bintan and Batam without quarantine, in addition to Bali.
According to an Indonesia COVID-19 task force circular issued on Tuesday (Mar 8), travellers from abroad can enter via Batam’s Hang Nadim Airport, Batam Port, Raja Haji Fisabilillah Airport in Tanjung Pinang, Bintan Port and Tanjung Pinang Port.
Among the task force’s duties include regulating travel health protocols amid the pandemic.
To be eligible, travellers must be fully vaccinated and show a negative Reverse Transcription Polymerase Chain Reaction (RT-PCR) test taken 48 hours before departure, the circular wrote.
Foreign travellers must also have a valid visa and show payment of a tourism package or hotel in Batam or Bintan. They also need to have health insurance which covers COVID-19 treatment worth S,000.
Upon arrival, tourists will need to undergo an RT-PCR test and have a negative result.
During their stay, they must also use Indonesia’s COVID-19 tracing app PeduliLindungi.
Travellers have to take a swab test again on the third day and if it is negative, they may proceed to visit other parts of Indonesia the next day.
However, they will need to adhere to health protocols such as wearing a mask that has at least three layers, keeping a 1.5m distance from other people and washing their hands periodically, the Tuesday circular also wrote.
When asked by CNA if the travel bubble between Singapore, Nongsa Batam and Bintan Lagoi would continue to be in force, Mr Hery Trianto, the head of public communication of the COVID-19 task force said that the existing vaccinated travel lane (VTL) protocols will be replaced by what is stipulated in the latest circular.
Riau Islands’ tourism chief Buralimar, who goes by one name, also confirmed with CNA that the procedures as outlined in the latest circular will supersede existing VTL protocols.
“The central government's intention is correct, but perhaps the technicalities need to be synchronised,” said Mr Buralimar.
“Perhaps we also need to tell Singapore about the latest regulation … so the VTL can be synchronised.”
On Jan 24, Indonesia said that it will allow travellers from Singapore to travel under a travel bubble to Nongsapura International Ferry Terminal (NIFT) in Batam and Bandar Bintan Telani Ferry Terminal (BBTFT) in Bintan, without the need for quarantine.
Subsequently, Singapore announced on Feb 25 that it will launch VTL arrangements via sea with Batam and Bintan, as part of efforts to gradually restore transport connectivity.
https://www.channelnewsasia.com/asia/indonesia-quarantine-free-bintan-batam-march-8-vtl-singapore-2552151
Writer: Kiki Siregar
JAKARTA: Foreign travellers can now enter the Indonesian islands of Bintan and Batam without quarantine, in addition to Bali.
According to an Indonesia COVID-19 task force circular issued on Tuesday (Mar 8), travellers from abroad can enter via Batam’s Hang Nadim Airport, Batam Port, Raja Haji Fisabilillah Airport in Tanjung Pinang, Bintan Port and Tanjung Pinang Port.
Among the task force’s duties include regulating travel health protocols amid the pandemic.
To be eligible, travellers must be fully vaccinated and show a negative Reverse Transcription Polymerase Chain Reaction (RT-PCR) test taken 48 hours before departure, the circular wrote.
Foreign travellers must also have a valid visa and show payment of a tourism package or hotel in Batam or Bintan. They also need to have health insurance which covers COVID-19 treatment worth S,000.
Upon arrival, tourists will need to undergo an RT-PCR test and have a negative result.
During their stay, they must also use Indonesia’s COVID-19 tracing app PeduliLindungi.
Travellers have to take a swab test again on the third day and if it is negative, they may proceed to visit other parts of Indonesia the next day.
However, they will need to adhere to health protocols such as wearing a mask that has at least three layers, keeping a 1.5m distance from other people and washing their hands periodically, the Tuesday circular also wrote.
When asked by CNA if the travel bubble between Singapore, Nongsa Batam and Bintan Lagoi would continue to be in force, Mr Hery Trianto, the head of public communication of the COVID-19 task force said that the existing vaccinated travel lane (VTL) protocols will be replaced by what is stipulated in the latest circular.
Riau Islands’ tourism chief Buralimar, who goes by one name, also confirmed with CNA that the procedures as outlined in the latest circular will supersede existing VTL protocols.
“The central government's intention is correct, but perhaps the technicalities need to be synchronised,” said Mr Buralimar.
“Perhaps we also need to tell Singapore about the latest regulation … so the VTL can be synchronised.”
On Jan 24, Indonesia said that it will allow travellers from Singapore to travel under a travel bubble to Nongsapura International Ferry Terminal (NIFT) in Batam and Bandar Bintan Telani Ferry Terminal (BBTFT) in Bintan, without the need for quarantine.
Subsequently, Singapore announced on Feb 25 that it will launch VTL arrangements via sea with Batam and Bintan, as part of efforts to gradually restore transport connectivity.
https://www.channelnewsasia.com/asia/indonesia-quarantine-free-bintan-batam-march-8-vtl-singapore-2552151
07 March 2022
2022 is the last opportunity to buy property with many conveniences
Writer: Wahyu Ardiyanto
Various researches and surveys for the property business show that this sector will continue the trend of business improvement. Several government policies have been the driving force for this capital-intensive sector to survive with the tax relaxation program imposed on property, the downward trend in interest rates, and so on.
Data from Rumah.com Indonesia Property Market Index (RIPSMI) also shows an increase on a quarterly and annual basis both from the supply side to price increases for the 2021 period. Although there is a slight decline in the fourth quarter of 2021, this slowdown is still very normal because it is in accordance with the annual cycle and this has been anticipated by developers and banks.
"In accordance with this annual cycle, Rumah.com predicts that the trend in prices, supply, and demand will still increase in the early period of 2022. On the other hand, industrial activities that allow for an increase also depend on the government's readiness to cope with the various impacts of the Covid-19 pandemic. 19,” said Marine Novita, Country Manager of Rumah.com.
From the consumer side, Marine explained, this year could be the last opportunity to get property products at the best prices. The trend in the price and supply of property products since 2020 or after the pandemic continues to show optimism that makes the price range of developers begin to release from their lowest margin positions.
This is in accordance with the property price index which has been stuck with an increase of still below 1 percent while the property supply has decreased. Providers or developers still follow the annual property cycle to later launch their products when the timing is right. The demand index is also still showing an increase both quarterly and annually.
According to other research data from Rumah.com, 52 percent of property searches have increased to those with prices above IDR 1 billion. This percentage occurred throughout 2021, which was different from the previous year, which was dominated by property product searches with prices below Rp1 billion.
Some areas are also increasingly sought after, especially those with new infrastructure. The Serpong-Depok area, which has been crossed by the new toll road, has experienced an increase in property prices. After more than a year being held back due to the pandemic, developers have become more confident in increasing the benchmark selling price for their products and reducing the various convenience promos offered.
“Developers have been bolder in raising property prices in the last three quarters so that the first half of 2022 can be the last chance for consumers to get the best prices. More property seekers for prices above IDR 1 billion also shows that the property market situation has recovered," explained Marine.
https://www.rumah.com/berita-properti/2022/3/203922/2022-jadi-kesempatan-terakhir-beli-properti-dengan-banyak-kemudahan
Various researches and surveys for the property business show that this sector will continue the trend of business improvement. Several government policies have been the driving force for this capital-intensive sector to survive with the tax relaxation program imposed on property, the downward trend in interest rates, and so on.
Data from Rumah.com Indonesia Property Market Index (RIPSMI) also shows an increase on a quarterly and annual basis both from the supply side to price increases for the 2021 period. Although there is a slight decline in the fourth quarter of 2021, this slowdown is still very normal because it is in accordance with the annual cycle and this has been anticipated by developers and banks.
"In accordance with this annual cycle, Rumah.com predicts that the trend in prices, supply, and demand will still increase in the early period of 2022. On the other hand, industrial activities that allow for an increase also depend on the government's readiness to cope with the various impacts of the Covid-19 pandemic. 19,” said Marine Novita, Country Manager of Rumah.com.
From the consumer side, Marine explained, this year could be the last opportunity to get property products at the best prices. The trend in the price and supply of property products since 2020 or after the pandemic continues to show optimism that makes the price range of developers begin to release from their lowest margin positions.
This is in accordance with the property price index which has been stuck with an increase of still below 1 percent while the property supply has decreased. Providers or developers still follow the annual property cycle to later launch their products when the timing is right. The demand index is also still showing an increase both quarterly and annually.
According to other research data from Rumah.com, 52 percent of property searches have increased to those with prices above IDR 1 billion. This percentage occurred throughout 2021, which was different from the previous year, which was dominated by property product searches with prices below Rp1 billion.
Some areas are also increasingly sought after, especially those with new infrastructure. The Serpong-Depok area, which has been crossed by the new toll road, has experienced an increase in property prices. After more than a year being held back due to the pandemic, developers have become more confident in increasing the benchmark selling price for their products and reducing the various convenience promos offered.
“Developers have been bolder in raising property prices in the last three quarters so that the first half of 2022 can be the last chance for consumers to get the best prices. More property seekers for prices above IDR 1 billion also shows that the property market situation has recovered," explained Marine.
https://www.rumah.com/berita-properti/2022/3/203922/2022-jadi-kesempatan-terakhir-beli-properti-dengan-banyak-kemudahan
25 February 2022
How will Australia's property markets be impacted by the return of overseas arrivals?
By business reporter: Gareth Hutchens
As Australia's borders reopen, the return of overseas arrivals and subsequent demand for housing is expected to be slow.
But a CoreLogic analyst says historical housing patterns show which segments of the property market could see changes in values as arrival numbers increase.
And we're seeing some developments already.
Overseas arrivals already increasing
In November, when travel restrictions were eased for fully vaccinated Australian citizens and permanent residents, it saw overseas arrivals and departures pick up noticeably.
At the start of this week, borders were also opened to double-vaccinated tourists and visa holders, with concessions being granted to skilled visa holders to encourage them to stay in Australia for longer.
Eliza Owen, head of research at CoreLogic, says the border reopenings will impact different segments of the property market in different ways.
Starting with the return of double-vaccinated tourists and visa holders, it will eventually see an increase in demand for short-term accommodation, she said.
And that would mean a lift in occupancy rates and revenue across the short-term accommodation rental market.
"This would benefit popular tourism destinations like Sydney, Melbourne and Brisbane, and regional locations such as Cairns and regional Tasmania," she said.
Net overseas migration and areas of settlement
Ms Owen said most new migrants in Australia experience a "tenure cycle", which begins with renting and shared accommodation and eventually shifts to home ownership over time.
She said the rental part of that market was the most negatively impacted by the border closures.
Around 45 per cent of overseas migrants settle in the same 10 geographic regions in Australia each year, which are located across Melbourne and Sydney.
Those 10 regions experienced sharp declines in rental values when borders were closed, she said.
However, a recovery in rental values has been underway in those regions since early 2021.
Inner-Melbourne and inner-Sydney are the only regions left, from that group, in which rents remain below where they were in March 2020.
"The bottoming out in rental values started well before international border restrictions lifted, with many of these markets seeing advertised rental stock below pre-pandemic levels," Ms Owen said.
"This may be because relatively affordable rents have started drawing rental demand domestically, while some investors may have sold, or held their investments off market, amid weak rental conditions."
Ms Owen said the return in overseas migration would benefit rental values in the Melbourne-Inner region the most.
But the decline in migration through the COVID period could also flow through to a lower demand in purchases of homes where overseas migrants would otherwise be further along in their tenure cycle.
"This could have implications for areas like Melbourne’s west and Sydney’s inner west [regions], where there have historically been high internal migration flows from the inner city to these places," she said.
Ms Owen said housing preferences for skilled migrants may change over time too.
"According to data from the Department of Home Affairs, 12.9 per cent of skilled visas granted in the second half of 2021 were for arrivals to Queensland, up from an average of 11.5 per cent in the three years to June 2019," she said.
Student visas and inner-city rentals
Ms Owen said there had been a relatively high portion of student visa entrants in recent months.
That's because student arrivals were prioritised to coincide with the February and March intake of Australian universities.
That would have an impact on rentals, particularly in areas close to universities, she said.
"Rental demand from this cohort of migrants is likely to be most concentrated across the inner-city precincts of the capital cities and within close proximity to academic hubs," she said.
Uncertainty about the speed of migration recovery
However, Ms Owen said there were still many factors creating uncertainty about the pace of the recovery in overseas arrivals, so conditions could keep changing.
"These factors include a blowout in visa processing times and policies of travellers’ home countries," she said.
She pointed out that the US Centers for Disease Control and Prevention currently recommended avoiding travel to Australia.
"Another factor is the time and cost associated with travel to Australia, which was cited as a deterrent to visiting Australia in a recent survey of British residents," she said.
"There is a lingering uncertainty around COVID-19, where variants of the disease have led to fluctuations in travel restrictions."
"This makes high-cost trips for tourists relatively risky," she added.
https://www.abc.net.au/news/2022-02-25/how-will-property-markets-be-impacted-by-the-border-reopening/100857216
As Australia's borders reopen, the return of overseas arrivals and subsequent demand for housing is expected to be slow.
But a CoreLogic analyst says historical housing patterns show which segments of the property market could see changes in values as arrival numbers increase.
And we're seeing some developments already.
Overseas arrivals already increasing
In November, when travel restrictions were eased for fully vaccinated Australian citizens and permanent residents, it saw overseas arrivals and departures pick up noticeably.
At the start of this week, borders were also opened to double-vaccinated tourists and visa holders, with concessions being granted to skilled visa holders to encourage them to stay in Australia for longer.
Eliza Owen, head of research at CoreLogic, says the border reopenings will impact different segments of the property market in different ways.
Starting with the return of double-vaccinated tourists and visa holders, it will eventually see an increase in demand for short-term accommodation, she said.
And that would mean a lift in occupancy rates and revenue across the short-term accommodation rental market.
"This would benefit popular tourism destinations like Sydney, Melbourne and Brisbane, and regional locations such as Cairns and regional Tasmania," she said.
Net overseas migration and areas of settlement
Ms Owen said most new migrants in Australia experience a "tenure cycle", which begins with renting and shared accommodation and eventually shifts to home ownership over time.
She said the rental part of that market was the most negatively impacted by the border closures.
Around 45 per cent of overseas migrants settle in the same 10 geographic regions in Australia each year, which are located across Melbourne and Sydney.
Those 10 regions experienced sharp declines in rental values when borders were closed, she said.
However, a recovery in rental values has been underway in those regions since early 2021.
Inner-Melbourne and inner-Sydney are the only regions left, from that group, in which rents remain below where they were in March 2020.
"The bottoming out in rental values started well before international border restrictions lifted, with many of these markets seeing advertised rental stock below pre-pandemic levels," Ms Owen said.
"This may be because relatively affordable rents have started drawing rental demand domestically, while some investors may have sold, or held their investments off market, amid weak rental conditions."
Ms Owen said the return in overseas migration would benefit rental values in the Melbourne-Inner region the most.
But the decline in migration through the COVID period could also flow through to a lower demand in purchases of homes where overseas migrants would otherwise be further along in their tenure cycle.
"This could have implications for areas like Melbourne’s west and Sydney’s inner west [regions], where there have historically been high internal migration flows from the inner city to these places," she said.
Ms Owen said housing preferences for skilled migrants may change over time too.
"According to data from the Department of Home Affairs, 12.9 per cent of skilled visas granted in the second half of 2021 were for arrivals to Queensland, up from an average of 11.5 per cent in the three years to June 2019," she said.
Student visas and inner-city rentals
Ms Owen said there had been a relatively high portion of student visa entrants in recent months.
That's because student arrivals were prioritised to coincide with the February and March intake of Australian universities.
That would have an impact on rentals, particularly in areas close to universities, she said.
"Rental demand from this cohort of migrants is likely to be most concentrated across the inner-city precincts of the capital cities and within close proximity to academic hubs," she said.
Uncertainty about the speed of migration recovery
However, Ms Owen said there were still many factors creating uncertainty about the pace of the recovery in overseas arrivals, so conditions could keep changing.
"These factors include a blowout in visa processing times and policies of travellers’ home countries," she said.
She pointed out that the US Centers for Disease Control and Prevention currently recommended avoiding travel to Australia.
"Another factor is the time and cost associated with travel to Australia, which was cited as a deterrent to visiting Australia in a recent survey of British residents," she said.
"There is a lingering uncertainty around COVID-19, where variants of the disease have led to fluctuations in travel restrictions."
"This makes high-cost trips for tourists relatively risky," she added.
https://www.abc.net.au/news/2022-02-25/how-will-property-markets-be-impacted-by-the-border-reopening/100857216
20 February 2022
'The wait is over': PM welcomes international tourists as borders reopen
By: Joe Attanasio
Prime Minister Scott Morrison has declared that the "wait is over" ahead of tomorrow's reopening of Australia's international borders.
Speaking at Melbourne Airport this morning, Mr Morrison defended the country's tight border restrictions over the past two years and said that because Australians "have done the hard yards" the country can now reopen to much needed tourism.
"We are very excited that from tomorrow international flights for visitors are able to return again," Mr Morrison said.
"They can come and we start building once again our very important tourism economy right across the country, from our biggest cities, where I am today, to our far north, Queensland, regional locations and all around the country.
"You've done the work, you've pushed through. You've persevered, and now we can start going forward together."
Tourists will once again be welcomed into the country tomorrow after two years of being shut out, with the initial 50 flights expected to touch down on Australian soil within the first 24 hours.
More than half of the 50 will land into Sydney's international airport, coming from countries like Singapore, Japan and the US.
With the influx of tourists, warnings have also been issued for a spike in influenza cases.
Authorities have reminded residents to make an appointment for the flu shot when it becomes available next month.
Travellers from all over the globe will now be eligible to visit Australia, however they must be double vaccinated before they fly.
"This is the exciting announcement the aviation sector has been waiting for," Australian Airports Association (AAA) Chief Executive James Goodwin said earlier this month.
"International travel is only at 15 per cent of pre-COVID levels so this is a positive step to help the recovery of the aviation and tourism sectors."
Mr Goodwin noted domestic routes would also get a vital boost from the return of international travellers.
"International tourists don't just visit one Australian city," he said.
"They fly from state to state to see all of what our nation has to offer so it is vital all domestic borders reopen and stay open."
https://www.9news.com.au/national/international-flights-to-resume-as-australian-border-restrictions-wind-back/dcf01ddf-99ea-4cf3-b99f-e39bbf8325f6
Prime Minister Scott Morrison has declared that the "wait is over" ahead of tomorrow's reopening of Australia's international borders.
Speaking at Melbourne Airport this morning, Mr Morrison defended the country's tight border restrictions over the past two years and said that because Australians "have done the hard yards" the country can now reopen to much needed tourism.
"We are very excited that from tomorrow international flights for visitors are able to return again," Mr Morrison said.
"They can come and we start building once again our very important tourism economy right across the country, from our biggest cities, where I am today, to our far north, Queensland, regional locations and all around the country.
"You've done the work, you've pushed through. You've persevered, and now we can start going forward together."
Tourists will once again be welcomed into the country tomorrow after two years of being shut out, with the initial 50 flights expected to touch down on Australian soil within the first 24 hours.
More than half of the 50 will land into Sydney's international airport, coming from countries like Singapore, Japan and the US.
With the influx of tourists, warnings have also been issued for a spike in influenza cases.
Authorities have reminded residents to make an appointment for the flu shot when it becomes available next month.
Travellers from all over the globe will now be eligible to visit Australia, however they must be double vaccinated before they fly.
"This is the exciting announcement the aviation sector has been waiting for," Australian Airports Association (AAA) Chief Executive James Goodwin said earlier this month.
"International travel is only at 15 per cent of pre-COVID levels so this is a positive step to help the recovery of the aviation and tourism sectors."
Mr Goodwin noted domestic routes would also get a vital boost from the return of international travellers.
"International tourists don't just visit one Australian city," he said.
"They fly from state to state to see all of what our nation has to offer so it is vital all domestic borders reopen and stay open."
https://www.9news.com.au/national/international-flights-to-resume-as-australian-border-restrictions-wind-back/dcf01ddf-99ea-4cf3-b99f-e39bbf8325f6
13 February 2022
From Europe to Neighbours RI Begins to Make Peace with Omicron
Writer: Thea Fathanah Arbar
Many Make Peace with Omicron, from Europe to Indonesia's Neighbours
Jakarta, CNBC Indonesia - Several countries in the world have begun to lift the Covid-19 restrictions to stem the Omicron variant. This step is carried out with case claims that have passed the peak and the vaccination rate, including booster, is quite high.
Most of these countries are in Europe. Easing, including not wearing masks outside, rules for gathering until normal hours for some sectors, have even been carried out since the end of January 2022.
The UK, Ireland, the Netherlands, Finland, Denmark, France, Norway, Italy and Sweden are the countries in Europe that have lifted the restrictions. However, this revocation was carried out when the spike in cases of Omicron infection was high in each country.
Not only in Europe, countries in Asia also plan to follow the existing 'trend'. The easing of Covid-19 was carried out by at least two of Indonesia's neighbours, namely Malaysia and the Philippines.
In Malaysia, the government will prepare a scheme for tourist arrivals without quarantine starting March 1. This was conveyed directly by the National Recovery Council (NRC) earlier this week.
Meanwhile, the Philippines has also opened its doors to foreign tourists since Thursday. This is an attempt to save the economy, tourism and industry after almost two years.
Foreign travelers from 157 countries on a visa-free arrangement with the Philippines can enter the country. However, they must be fully vaccinated against Covid-19 and tested negative for coronavirus.
Meanwhile, the World Health Organization (WHO) called for easing measures to be carried out slowly and carefully. Moreover, the fact is, in many countries, there are still many individuals who have not received the vaccine and are vulnerable.
"We urge caution as many countries have not yet passed the Omicron peak. Many countries have low vaccination coverage rates with highly susceptible individuals in their populations," WHO Technical Lead Maria Van Kerkhove said in an online briefing last week.
"So now is not the time to relax everything at once. We always urge, always be very careful, in implementing interventions and withdrawing those interventions slowly, step by step. Because this virus is quite dynamic."
https://www.cnbcindonesia.com/news/20220212154345-4-314930/dari-eropa-hingga-tetangga-ri-mulai-berdamai-dengan-omicron
Many Make Peace with Omicron, from Europe to Indonesia's Neighbours
Jakarta, CNBC Indonesia - Several countries in the world have begun to lift the Covid-19 restrictions to stem the Omicron variant. This step is carried out with case claims that have passed the peak and the vaccination rate, including booster, is quite high.
Most of these countries are in Europe. Easing, including not wearing masks outside, rules for gathering until normal hours for some sectors, have even been carried out since the end of January 2022.
The UK, Ireland, the Netherlands, Finland, Denmark, France, Norway, Italy and Sweden are the countries in Europe that have lifted the restrictions. However, this revocation was carried out when the spike in cases of Omicron infection was high in each country.
Not only in Europe, countries in Asia also plan to follow the existing 'trend'. The easing of Covid-19 was carried out by at least two of Indonesia's neighbours, namely Malaysia and the Philippines.
In Malaysia, the government will prepare a scheme for tourist arrivals without quarantine starting March 1. This was conveyed directly by the National Recovery Council (NRC) earlier this week.
Meanwhile, the Philippines has also opened its doors to foreign tourists since Thursday. This is an attempt to save the economy, tourism and industry after almost two years.
Foreign travelers from 157 countries on a visa-free arrangement with the Philippines can enter the country. However, they must be fully vaccinated against Covid-19 and tested negative for coronavirus.
Meanwhile, the World Health Organization (WHO) called for easing measures to be carried out slowly and carefully. Moreover, the fact is, in many countries, there are still many individuals who have not received the vaccine and are vulnerable.
"We urge caution as many countries have not yet passed the Omicron peak. Many countries have low vaccination coverage rates with highly susceptible individuals in their populations," WHO Technical Lead Maria Van Kerkhove said in an online briefing last week.
"So now is not the time to relax everything at once. We always urge, always be very careful, in implementing interventions and withdrawing those interventions slowly, step by step. Because this virus is quite dynamic."
https://www.cnbcindonesia.com/news/20220212154345-4-314930/dari-eropa-hingga-tetangga-ri-mulai-berdamai-dengan-omicron