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Indonesia Real Estate Conference 2012 – International Investors have a keen Interest to enter Indonesia’s property market despite the absence of clarity and simplification needed from regulations.
JAKARTA – Improving clarity in regulations, easing the entrance of international investor into Indonesia’s real estate industry as well as the need for critical expansion of infrastructure to speed movements towards a world class real estate industry in Indonesia – these were amongst some of the key take-away from the Indonesia Real Estate 2012 Conference hosted on July 9 and 10 by Clariden Global at the Four Seasons Hotel Jakarta. According to Magazine Hotelier Indonesia, more than 100 developers, investors and financing representatives from diverse countries including Indonesia, The United States, Canada, Australia, Japan, Singapore, Hong Kong, Malaysia and Brunei met for the event.
“This well attended event is a clear signal that international investors have a keen interest to invest into Indonesia’s booming real estate industry,” said Mr Lo Bok Yan, Managing Director of Clariden Global. “We aimed to provide a one-stop knowledge and networking platform to connect potential international investors with key property stakeholders in Indonesia, helping to clear misconceptions and improve the profitability of real estate investments into Indonesia.”
A growing economy, rapid urbanization, relatively lower prices together with increased per capita income & strong domestic demand for quality properties are amongst some of the factors driving international investor interest into Indonesia.
Guest of Honour, Secretary of the Ministry of Public Housing (Sesmenpera), Republic of Indonesia, Dr Iskandar Saleh, inaugurated the conference. According to Dr Saleh, “Foreign ownership of property will directly contribute towards increased national income. However regulations set by the government about property selling prices & locations were still necessary”.
According to conference chair, Mr Rusmin Lawin, Secretary General of FIABCI (International Real Estate Federation) Asia Pacific, Indonesia’s property industry is not as frightening as they imagine. “I think this is a good opportunity to promote Indonesia’s property potential.”
During the conference, participants also identified trends and prospects for key property sectors in Indonesia such as residential, office, industrial, hospitality and retail. Landed residential, apartments and condominiums remain the highest in demand – underlined by data from the Central Statistic Agency (BPS).
With over 60% international participants in attendance, debates and discussions of key industry expert panels covered critical issues such as managing land acquisition and foreign ownership hurdles in Indonesia, investing into Indonesia’s real estate industry and growing a world class real estate industry in Indonesia. “Indonesia is not an easy market to enter and a long view is important” shared Todd Lauchlan, Country Head for Jones Lang LaSalle Indonesia.
According to Frank Khoo, Global Head of Asia for AXA Real Estate, Singapore investors have been the most active in intra regional real estate investments, followed by Malaysian and Korean investors.For Ishak Chandra, Managing Director for Corporate Strategy & Services from Sinarmas Land, top cities to invest in Indonesia today are Surabaya, Makassar, Bandung, Medan and Manado.
(Source from Hotelier Indonesia magazine )
Luc Citrinot a French national is a freelance journalist and consultant in tourism and air transport with over 20 years experience. Based in Paris and Bangkok, he works for various travel and air transport trade publications in Europe and Asia.
