2nd annual indonesia real estate 2013 - clariden · pdf fileishak chandra, managing director...
TRANSCRIPT
WHERE INDONESIA’S DEVELOPERS, INVESTORS AND FINANCIERS MEET
2nd AnnualIndonesia Real Estate 2013Realizing Sustainable Growth & Dynamic Real Estate Investment OpportunitiesDate: 26 to 27 August 2013 - Main Conference 28 August 2013 - Post Conference WorkshopsLocation: Shangri-La Hotel Jakarta, Indonesia
Call: (65) 6899 5030|Email: [email protected]|Visit: http://www.claridenglobal.com/indonesiarealestate2013/
• 3DayStrategicRealEstate&PropertyBusinessInvestmentConference
• 4+LeadingDevelopersInsights• 6+KeyInvestment&FinanciersInsights• 16+CurrentChallenges&SolutionDrivenPresentationsforRealEstate&PropertyStakeholders
• 20+RealEstateFrontrunnersExcellingattheirGame• 20+HoursofProfessionalsLearning&NetworkingOpportunities
• 2IndustryPractitionerLedWorkshopsToGiveStrategicAdvantageForRealEstateInvestmentsinIndonesia
2013 CONFERENCE HIGHLIGHTS:
Widijanto,ManagingDirector, PT AKR Land DevelopmentIshak Chandra,ManagingDirectorCorporateStrategy&Services,Sinar Mas LandHaslam Preeston,GeneralManager, Jakarta LandThomas C. Malayil, ChiefExecutiveOfficer,PT Lippo Malls IndonesiaAde Putra Rusly, ManagingDirectorat Duta Rapira Consulting and Chairman at Jakarta Institute of Real Estate and Urban DevelopmentProf Mrs Arie S Hutagalung, ManagingPartner, Arie Hutagalung & PartnersBob Mok,Principal,BM RealCap Advisory Todd Lauchlan, CountryHead, Jones Lang LaSalle Indonesia David Cheadle, ManagingDirector,PT Cushman & Wakefield IndonesiaNigel Hobler,TechnicalAdvisor–TaxationServices,PricewaterhouseCoopers IndonesiaStuart Crow, InternationalDirector,HeadofAsiaPacificCapitalMarkets, Jones Lang LaSalleHanda Sulaiman, ExecutiveDirector,PT. Cushman & Wakefield IndonesiaMichael D. Broomell, ManagingDirector,Colliers International IndonesiaEric J. Levy, ManagingDirector, Tourism Solutions International Pte Ltd (TSI)
REAL ESTATE DEVELOPERS & INDUSTRY ADVISORS
Gérard Guillouet,SeniorVicePresident-Malaysia,Indonesia&Singapore,AccorBill Barnett, ManagingDirector,C9 HotelworksAkhil Taneja, DirectorofDevelopment-SouthEastAsia, InterContinental Hotels Group (IHG)Norbert Vas, VicePresident–Sales&Marketing,Archipelago International
HOSPITALITY PROFESSIONALS
Anton H. Gunawan, ExecutiveVicePresident,Chief Economist, PTBankDanamonIndonesia, TbkFrank Khoo, GlobalHeadofAsia,AXA Real EstateDavid Ee,ManagingDirector-AsiaCREInvestments,Manulife Real Estate, Manulife FinancialIan Lien, ManagingDirector,SC Capital PartnersFreddy Hendradjaja, ChiefInvestmentOfficer,PT Lippo SecuritiesAtsushi Suzuki, ManagingDirector–StrategicCapitalGroup,PT Samuel InternationalJan Low, ExecutiveDirector,Morgan Stanley Real Estate InvestingHenry Koenaifi, Director–IndividualBanking,Bank Central Asia (BCA)
INVESTMENT, BANKING AND FINANCE ADVISORS
WidijantoManagingDirectorPT AKR Land Development
Gérard GuillouetSeniorVicePresident-Malaysia,Indonesia&SingaporeAccor
Ishak ChandraManagingDirectorCorporateStrategy&ServicesSinar Mas Land
Thomas C. MalayilChiefExecutiveOfficerPT Lippo Malls Indonesia
SPONSORS AND MEDIA
Supported By:
Official Media Partners:
Group discounts available!
SAVE US$300
if you register & pay by
1 st July 2013!
PLUS! SEPARATELY BOOKABLE POST CONFERENCE WORKSHOPS – 28TH AUGUST 2013, WEDNESDAY
A: Navigating Land Acquisition and Licensing Hurdles for Property Development in Indonesia LedbyProfMrsArieSHutagalung,ManagingPartner,ArieHutagalung&Partners
B: Setting Up and Managing Joint Venture Partnerships in Indonesian Real EstateLedByMr.AdePutraRusly,ManagingDirectoratDutaRapiraConsulting;and,ChairmanatJakartaInstituteofRealEstateandUrbanDevelopment
CAPITALIZE ON THE POTENTIAL OF INDONESIA’S REAL ESTATE INDUSTRY!
2ND ANNUAL INDONESIA REAL ESTATE 2013
Realizing Sustainable Business Growth & Real Estate Investment Opportunities
IndonesiaremainsalandofopportunityinAsiaforthecannylongterminvestor;howeverchallenges continue to exist in realizing real estate investment and sustainable industrygrowth.Growingdemandacrossproperty sectors continue to outstrip available supply asdevelopersstruggletodeliverprojectsaspromisedinanilliquidmarket.
2nd Annual Indonesia Real Estate 2013willbekeyforrealestateandpropertystakeholdersasongoingeconomicperformance (growth projected by the World Bank at 6.2% for 2013) anddemand levels intensifies international investment interest into Indonesia’s growing realestatesector.
Internationalinvestorsremaincautiousduetoconcernsontransparency,perceivedrisklevels,foreignownership&landlawsaswellasalackofunderstandingaboutuniquecharacteristicsof Indonesia’s real estate and property industry. Domestic investors, with their highertoleranceforrisklevelsaswellascomfortwithdomesticpracticesstilldominatetheindustry,wheremanyleadingpropertydeveloperstendtobefamily-backedbusinesses.
Buildingonthesuccessofour2012inauguralevent, this2013eventwill focusonpracticaldeveloper and investor concerns including identifying growth property sectors of opportunities and challenges into 2013, leveraging optimal development and ROI levels amidst rising construction costs as well as strategies to tap capital through effective partnership structures for long term industrydevelopment. This event is slated tobe therealestatebusinessinvestmentplatformforstakeholdersalreadyin,orcurrentlyconsidering,activeinvestmentsintoIndonesia’srealestateindustry.
JoinusthisAugustattheannualbusinessandinvestmentplatformthatbringstogetherseniorrealestateandpropertyprofessionalsalreadyin,orcurrentlyconsidering,activeinvestmentsintoIndonesia!
Book Your Seat Today! Email [email protected] or
Call (65) 6899 5030 today for immediate booking.
1. Identify trends and forecastsincluding factors driving realestate and property industrygrowth potential in Indonesia,frommacroµperspectives,into2014
2. Understandprogressonregulatoryframeworks & implementationimpacting real estate industry inIndonesia especially those landacquisitionandforeignownershipofproperty
3. Assesspropertysectorsofgrowthpotential in Indonesia and whatdevelopmentsarecomingontothemarketinto2014
4. Track urbanization trends andproperty growth opportunitiesin Tier II and Tier III cities inIndonesia
5. Review supportive infrastructuredevelopmentandhowdevelopersare managing the rising costs ofconstruction in move to deliverprojectsaspromised
6. Examine and strategize towardsmeeting requirements ofinternational investor interest inIndonesia
7. Analyseandimplementsuccessfulpartnerships and joint venturesfor real estate investment anddevelopment
8. Measureoptions forstakeholderstofinancerealestatedevelopmentsinIndonesia
9. Gain invaluable insights directfrom leading developers,investors, bankers and industryadvisors who are changing thelandscape of Indonesia’s realestateandpropertyindustry
10. Take advantage of expert paneldiscussions and presentations tobring you up-to-speed with keyindustry issues into 2014 on onecommon platform while makingyourviewsheard
10 Reasons to Join Us This August
2nd Indonesia Real Estate 2013isadedicatedrealestatebusiness&investmenteventthatwillprovideaplatformforstrategizingopportunities&managingchallengesinIndonesia’srealestateindustryinto2014.Connectwithseniorindustryprofessionalsincluding leading developers, investors, buyers, financiers, service providers ®ulators.
PartneringthroughanEventSponsorshipwillenableyouto: • Get unparalleled industry exposure • Generate leads and set-up key meetings • Position your company as a thought-leader • Reaffirm your position in the industry
PleasecontactJoanna Tan at +65 6899 5041 oremailjoanna@claridenglobal.comtodiscusspotentialsponsorshipopportunities.
Call: (65) 6899 5030|Email: [email protected]|Visit: http://www.claridenglobal.com/indonesiarealestate2013/
Where Indonesia’s Developers, Investors and Financiers Meet
Call: (65) 6899 5030|Email: [email protected]|Visit: http://www.claridenglobal.com/indonesiarealestate2013/
WHO WILL YOU MEET THIS AUGUST IN JAKARTA:
Property developers & owners• PresidentDirector/ChiefExecutiveOfficer/
ManagingDirector• ChiefOperatingOfficer• ChiefFinancialOfficer/HeadofFinance• CommercialDirector• HeadofMarketing• HeadofStrategy&BusinessDevelopment• HeadofInvestments• Corporate/CompanySecretary• HeadofLegal/GeneralCounsel• HeadofCorporateCommunications
Private Equity / Asset/ Investment Management/ Venture Capital / Property funds & REITs• CEO/ManagingDirector/ManagingPartner
HeadofInvestments• HeadFundManager• HeadofStrategy&BusinessDevelopment• HeadofRealEstate/Property• HeadofREITs• PropertyFundManager• FundManager
Banking• ManagingDirector/SVP/VP/Director
» RealEstate/Property» RetailBanking» Lending» ProductDevelopment» Loans/Mortgage» CorporateBanking» InvestmentBanking» BusinessDevelopment
Hospitality Professionals (Operators/Brands)• PresidentDirector/ChiefExecutiveOfficer/Managing
Director/GeneralManager• HeadofDevelopment• HeadofInvestments• HeadofStrategy&BusinessDevelopment• HeadofMarketingGovernment Regulators & Agencies• MinisterofPublicHousing• MinisterofPublicWorks• DirectorGeneralofHousing&UrbanDevelopment• DirectorateGeneralofHousingandHuman
Settlement• SecretaryGeneral• HeadofNationalLandAgency• HeadofSpatialPlanningAgencyProperty Occupiers/Corporate End-users• HeadofCorporateRealEstate• HeadofPropertyManagement• RealEstateAdvisor• Disposal&AcquisitionProjectManager• HeadofProperty&SiteDevelopment• HeadofAssetManagement• HeadofLeasingIndustrial & Logistics • CountryManager/GeneralManager/Director/Head
» RealEstate» Property» Disposal&Acquisition» Industrial» Facilities» SupplyChain/Logistics
Property Occupiers/Corporate End-users• ManagingDirector/CEO/GM• HeadofLeasing/TenantRepresentation• HeadofMarketing• HeadofResidential• HeadofOfficeSpace• HeadofIndustrial• HeadofHospitality/Tourism• HeadofResearch• HeadofBusinessDevelopment
Legal Firms• ManagingPartner• Partner• SeniorAssociate• ForeignLegalCounselTax and Risk Consultants• CEO/ManagingDirector/GeneralManager• HeadofTax• HeadofRealEstate/PropertyAdvisory• HeadofInvestments• HeadofStrategicBusinessDevelopmentVendors & solution provider• CEO/ManagingDirector/GeneralManager• HeadofSolutions• HeadofBusinessDevelopment• HeadofMarketing
100+ Industry Participants at the Inaugural Indonesia Real Estate 2012 Conference
A Truly International Event: Representation by Country:
Indonesia45%
Malaysia10%
Hong Kong3%
Australia3%
Singapore27%
Others11%
Seniority Level: 75% of Participants are Directors Level & Above
VPs/Directors55%
Managers & Professionals20%
Board/C-level20%
Head of Department
5%
Where Indonesia’s Developers, Investors and Financiers Meet
Ishak ChandraManagingDirector–CorporateStrategy&ServicesSinar Mas Land
Ishak Chandra started his carreer with AstraInternationalandhasnumerouspositioninsomeother big group in Indonesia such as LIPPOLAND Development, SALIM Group & SINARMASGroup.CurrentlyMr.ChandraservesastheManagingDirector-CorporateStrategy&ServicesofSinarMasLand,thepropertybusinessarmofSinarMasGroupwhichiscomprisedofPT.BumiSerpongDamai,TbkandPT.DutaPertiwi,Tbk.Withhisextensivemorethan20years’experiencein Real Estate Industry focusing in propertydevelopment & investment, commercial leasing,corporate strategy and business development,currently Mr. Chandra has actively involve indesigningtheSinarMasLand’sgrowthroadmapandleadedanumberofJointVenture&StrategicPartnership initiatives as a part of Sinar MasLand’scorporatestrategicexpansion.Mr.ChandraholdsaMasterofBusinessAdministration(MBA)fromGraduateSchoolofBusiness,UniversityofCentralArkansas,USAandBachelorofEconomicLawfromUniversityofIndonesia(UI)
Gerard GuillouetSeniorVicePresident,Malaysia,Indonesia&SingaporeAccor
Gerard Guillouet leads Malaysia, IndonesiaSingapore for Accor which is Europe’s leaderin hotels and over 4,400 properties in nearly 92countries throughout the world. Accor servestravellers through its upscale brands Sofitel,Pullman,MGalleryaswellasitsmidscaleNovotel,SuiteNovotel,andMercure,andeconomychainsibis, ibis styles/all seasons, ibisbudget/Formule1.InJanuary2001,MrGuillouetassumedhiscurrentposition as Senior Vice President Indonesia,Malaysia and Singapore. Based in Jakarta, he isresponsibleforoverseeingthecompany’soverallhospitality development and managementactivitieswithinthethreecountries.MrGuillouetjoinedAccor Asia in 1988 where he was basedin Thailand and Malaysia before moving toIndonesia. He was previously Accor’s RegionalGeneral Manager for Operations of Jakarta, aposition he had occupied since 1994. He thenplayed a pivotal role as President Director forAccorIndonesiaindevelopinghotelsinhisregion.Mr.GuillouetjoinedAccorin1986fromCosprohHotels Group, Seychelles where he was GroupFinance and Administration Manager. Prior tothat, he worked for Nikko Hotel Paris, FranceandLeMeridienhotelParis,France.MrGuillouetis also the founder of “A Tree forA Child”, aninnovative concept combining protection ofenvironmentforthebenefitsofpovertyalleviation(www.atfac.org). Mr Guillouet, 57, has aneconomics,accountingandlawbackground,holdsaD.E.C.S.fromI.N.T.E.C.Paris.
Ian LienManagingDirectorSC Capital Partners
Mr. Lien participates in acquisition, valueenhancementandrealizationactivitiesatRECAPwith a special focus on Hospitality relatedinvestment opportunities throughout the region.PriortojoiningRECAP,Ianco-foundedOctagonCapital Partners 2003 as anAsia Pacific focusedhotel investment and advisory firm. Octagonoffered end-to-end solutions for real-estateinvestment vehicles it originated in partnershipwith opportunity funds, private investors and/or Asian Corporate groups. Prior to foundingOctagon, Ian was theAsia-head ofAcquisitions& Development for Starwood Hotels & ResortsWorldwide, Inc where he was responsible formanagingandcoordinatingallaspectsofgrowthand development for Starwood in the region,includingacquisitions,jointventuresandcontractgrowth.IanledStarwood’s(andearlierWestin’s)growthinAsiaforeightyearsattheirheadquartersin Tokyo and Singapore. During his tenure,Starwood outpaced growth of its competitorsinacreativityledeffort. ThisIncluded: Launchofthreenewbrandstotheregion(StRegis,FourPoints and W Hotels); mezzanine financings;acquisition of a public company; Joint Venturenew build projects; Strategic alliances, JVoperating companies andmultiple managementand licenseagreementsacrossAsia /Pacific. AsapreludetoheadinggrowthactivitiesforWestin/
house in Malaysia specializing in mergers andacquisitions,leveragedbuyoutsandinitialpublicofferings.FrankholdsaMBA(Accountancy)fromNanyangTechnologicalUniversity inSingapore,a bachelor of Chemical Engineering (Honours)andaBachelorofSciencefromtheUniversityofQueensland inAustralia. He is also a qualifiedCertifiedPublicAccountant(CPA)inSingapore.
David EeManagingDirector-AsiaCREInvestments,ManulifeRealEstateManulife Financial
DavidistheManagingDirector,AsiaCorporateReal Estate Investments, with ManulifeFinancial Real Estate Division and is currentlylocated in Hong Kong. David is a real estateprofessional with extensive experience inreal estate investment analysis, acquisitions,dispositions, property and asset management.HestartedhiscareerwithManulifeFinancialasresidential property manager and later movedinto commercial property management, assetmanagementandfinallyrealestateinvestments.As Managing Director, David works with theinvestment team in Toronto, but relocatedto Hong Kong to concentrate on investmentactivities in Asia. He has responsibility forsourcing real estate investments for company’sown use, reviewing property appraisals andprovidingrealestatesupportfortheCompany’sinvestment in a diversifiedmix of prime officeand industrial properties in Canada, UnitedStates, Japan andAsia.David has alsoworkedin Singapore, with The Urban RedevelopmentAuthority (Singapore) and with ColliersInternationalPropertyManagement(Singapore)prior to migrating to Canada. David holdsa Masters of Urban Planning from McGillUniversity,Montreal,Canada,andaBSc.(Hons)LandAdministrationfromtheUniversityofEastLondon,UnitedKingdom.HeisalsoaMemberofTheRoyalInstitutionofCharteredSurveyors(General Practice Division) and a CertifiedPropertyManager andMember of Real EstateInstituteofCanada.
Freddy HendradjajaChiefInvestmentOfficerPT Lippo Securities
Freddy Hendradjaja is the Chief InvestmentOfficer of PT Lippo Securities Tbk., whotransformed inactive securities brokerage firminto fully operational investment managementfirm,whichisthesolebusinessofLippoSecuritiesnowadays. Previously founded and served asAssociate Director of PT Danareksa Capital, acompanyengagedinthefieldofprivateequity,after served as Senior Portfolio Manager andHeadofPrivateEquity/AlternativeInvestmentof PT Danareksa Investment Management,producing the first Asset Backed Securities inIndonesia.PriortothathewasPortfolioManageratPTBahanaTCWInvestmentManagement.HeisalicensedInvestmentManager,Broker-DealerandUnderwriter.
Atsushi SuzukiManagingDirector-StrategicCapitalGroupPT Samuel International
PTSamuel International is theparentcompanyoftwolicensedsubsidiaries,PTSamuelSekuritasIndonesia and PT SamuelAsetManajemen. Inaddition, it has a private equity division thatmakes and manages, direct investments in anumber of companies focused on commodityand natural resources-related businessincluding property investments. Mr. SuzukicomestoSamuelwithover30yearsofbusinessdevelopment, sales and trading, and corporateinvestment experience at Itochu Corporation,oneofthelargestJapanesetradinghouses.
Bob MokPrincipalBM RealCap Advisory
Bob Mok, Principal of BM RealCap Advisory,brings 30 years of international real estateexperience across fifteen Asia-Pacific countries.He transacted more than USD1.5 billion worthofpropertiesacross twelveAsiaPacificcountriesandhadbeeninvolvedwitheveryfacetoftherealestatebusinesscycle.AsChiefOperatingOfficer
Starwood, Ianwas responsible forDevelopmentPlanning activities for Westin from 1989-1992.Ian has a Bachelor of Science degree in HotelAdministrationfromCornellUniversityin1988.
Bill BarnettManagingDirectorC9 Hotelworks
BillBarnettistheFounderandManagingDirectorof C9 Hotelworks. C9 is a leading hospitality,tourismandpropertyadvisoryfirminAsiaPacificwho work directly with developers, investors,financial institutions and hotel operators. Theircore business focus includes feasibility studies,asset management, operator selection andtransactional duediligence. They are consideredtobeexpertsinhotelbrandedresidences,blendingexperiencefrombothahospitalityandrealestateperspective. Bill has over 28 years of Asianexperienceacrossalloftheregionsmarketsandiswellknownasacolumnist,industryspeakerandforinsightfulmarketintelligencereports.
Anton H. GunawanExecutiveVicePresident,ChiefEconomistPT Bank Danamon Indonesia Tbk
AntonH.GunawanstartedtoworkforPT.BankDanamon Indonesia, Tbk. on 10March 2008 asChief Economist and Head of Economic andMarketResearchundertheTreasuryandCapitalMarketDivision.PriortojoiningBankDanamon,Anton spent almost 8 years with Citigroup asCountry Economist for Indonesia, under theAsiaPacificEconomicandMarketAnalysis (APEMA), starting inNovember 2000.He had alsospentmore than 20 years (on and off)with theFaculty of Economics University of Indonesia(FEUI), starting as a teaching assistant.Anton’slatest position in the FEUI was the ResearchDirectorat theInstituteforEconomicandSocialResearch in theUniversity (LPEM FEUI),whileteaching (lecturer) at the undergraduate andgraduateprogramsatFEUI.Whilehewasdoinghis graduate program at Columbia University,NewYork,AntonalsotaughtasaPreceptorintheEconomicsDepartment ofColumbiaUniversity.Antonwasamemberof theEconomicAdvisorsTeamtotheChairmanoftheIndonesianChamberof Commerce and Industry (Kadin Indonesia),2007–08.PreviouslyAntonwasalsoamemberoftheBankingandCapitalMarketsFocusGroupwithin the Indonesian Economist Association(ISEI).AntonwroteabookonIndonesiainflationand government budget (1991) and being a co-editorofaBI-IMFconferencereportonInflationTargeting Framework (2002). He has also beenwidely quoted by respectable domestic andinternationalmassmedia,andfrequentlybecomea resource person in quite a few focus groupdiscussions organized by Bank Indonesia, theMinistry of Finance, theWorld Bank, etc. Bornin Jakarta, Indonesia, Anton holds his MPhil(Master of Philosophy) degree in economicsfromColumbiaUniversity,MA(MasterofArts)in economics from the University of Chicago,andanSE (SarjanaEkonomi) inEconomicsandDevelopment Studies from the University ofIndonesia,Jakarta.
Frank KhooGlobalHeadofAsiaAXA Real Estate
Frank was appointed Global Head of Asia forAXAREIM in 2008.He oversees all investmentand asset management activities in the AsiaPacific region and is responsible for all Asianinvestmentfunds.Frankhasmorethan15yearsdirect experience in real estate investment andmanagement. Prior to joining AXA REIM, hewaswiththePacificStarGroup,aboutiquePanAsianrealestateinvestmenthouseheadquarteredin Singapore,wherehewas instrumental in thelaunchingofseveralfunds.Beforethat,hespentsubstantialyearsinGuthrieGTSLtd,aSingaporemainboard listedproperty company asDirectorof all overseas projects and was also PresidentDirector of PT Wisma Nusantara Internationaland PT Guthrie Jaya Indah Resort, both realestate investment and development companiesbased in Indonesia. Frank was also ExecutiveDirectorofPhileoLandBhd,arealestatecompanylistedontheKualaLumpurStockExchange.Hestarted off his training in corporate finance inCapitalcorpSecuritiesBhd,alistedstockbroking
Haslam PreestonGeneralManagerJakarta Land
Haslam Preeston is General Manager of PTJakartaLand,ajointventurebetweenHongkongLand and Centra Cipta Murdaya (CCM),which owns andmanages 1.4m square feet ofAGradecommercialofficespace in the JakartaCBD.Haslamhas beenwith JardineMathesonsince2001,occupyingavarietyofmanagementroles in Greater China, before being secondedto Hongkong Land in 2008. Born inAustralia,Haslamgrewup inHongKongand servedasaninfantryofficerintheBritishArmy.HehasanMAinChineseStudiesfromLondonUniversity,afterwhichheattendedNationalTaiwanNormalUniversity. He is Chairman of the BritishChamberofCommerceinIndonesia(BritCham),andaBoardMemberoftheEuropeanChamberofCommerce(EuroCham).
Ade Putra RuslyManagingDirectorDuta Rapira Consulting; and,Chairman, Jakarta Institute of Real Estate and Urban Development
Ade Putra Rusly is the Managing Directorof Duta Rapira Consulting, a Jakarta-basedreal estate strategic consulting firm and theChairmanofJakartaInstituteofRealEstateandUrban Development. Mr. Rusly is responsiblefor setting up real estate development andinvestment projects, developing strategicpartnerships,handlingmarketingandbusinessdevelopment,andconductingprojectfeasibilitystudies and planning. An architect as wellas real estate specialist, Mr. Rusly started hiscareer as a Designer before joining real estateindustries. He has 19 years of experienceand expertise in various residential high-riseand commercial project, infrastructures andtownship, hospitality, industrial estates, andmixed-useddevelopmentprojectsinIndonesia.Mr.RuslyenjoystravellingtoEurope,SoutheastAsia,Singapore,HongKong,KoreaandMiddleEast regions, meeting clients and investorsinterested in entering the Indonesian realestatemarket as well as producing real estatemarket reports and analysis on emergingReal Estate trends in Asia Pacific regions.
WidijantoManagingDirectorPT AKR Land Development
GraduatedfromUniversityofTexas,Arlington-USA in 1982, Widijanto is currently theManagingDirectorofAKRLandDevelopmentresponsible for the overall performance of theproperty development of several mixed usecomplexes located in Jakarta, Bali, Surabaya,Bandung and Manado. Widijanto spent hisfirst five years working in the United States.His achievement among others are Oak LawnMixed Use Developments (Dallas) and DetroitPiston Stadium with its capacity of 20,000seating (Michigan). The projects achievedAmerican Institute of Architect Awards (AIAAwards). Since returning to Indonesia in1987, Widijanto has been actively involvedin several prominent property developerssuch as Duta Anggada Realty, Salim Group,MuliaGroup. SomeofhiscreativeLandMarkProperties are located in the golden triangle ofJakarta such as Bapindo Plaza, Pavilion Park,Bandung Indah Plaza (BIP), Great River PlazaandWismaMulia.
Thomas C. MalayilChiefExecutiveOfficerPT Lippo Malls Indonesia
ThomasC.MalayilistheChiefExecutiveOfficerof Lippo Malls Indonesia (LMI). LMI is thelargest developer and operator in Indonesiawith approximately forty shopping malls anda significant development pipeline. Malayil isAmerican and spent most of his career in theUnited States, including being an executive foralargepublicly-tradedshoppingmallREIT.Heis an accountant and lawyer by training andcompleted the UCLA-NUA Global ExecutiveMBAforAsiaPacificprogramin2012.
26th & 27th August 2013 | Shangri-La Hotel Jakarta, Indonesia 2ND ANNUAL INDONESIA REAL ESTATE 2013
Global Speakers and Industry Leaders
andDeputyPresidentDirectorofPTSentulCityTbk, he increased net sales by 255% and raisedFY2012’sNetProfitAfterTaxby62%yoy.Underhis leadership, SentulCitywasunprecedentedlyrecognizedasoneofthetopIndonesiancompaniesbyForbes,FortuneandSWAMagazinesin2012.Thecompanywasadmittedasanindexstockonthe JSE. MrMok in senior leadership positionswith SWFs, GLCs, listed companies and FamilyOffices, had been involved with the AscendasREITIPO,acquisitionofprimepropertiesasaRealEstate FundManager, structured and marketedproperty funds and had secured corporatefinancingofnearlyUSD1billion.
Todd LauchlanCountryHeadJones Lang LaSalle Indonesia
Todd Lauchlan is a seasoned real estateprofessionalwithover17yearsofexperience,including more than 13 years working andliving internationally. Currently holdingthe position as the Country Head for JonesLang LaSalle in Indonesia, he is responsiblefor the management and performance of theIndonesian office. He has been involved inmany innovative property market initiativesthroughout his career, with specialties incommercial leasing, residential sales andmarketing, development advisory andinvestmentsales.Toddoftenspeaksabouttherealestatemarketatvariousindustryseminarsandevents,hehasalsofrequentlybeencalledupon to comment andwrite on the propertymarketbytop-tiermedia.HeisalsocurrentlyservesastheHeadofPropertyWorkingGroupfor EuroCham Indonesia. He holds a post-graduateDiplomainPropertyInvestmentandDevelopment from Lincoln University, NewZealand and aBachelor ofCommercedegreemajoring in Marketing from University ofCanterbury.
David CheadleManagingDirectorPT Cushman & Wakefield Indonesia
Davidhasbeeninthepropertyindustryfor26years,basedinLondon,HongKong,Singaporeand Jakarta. His areas of expertise have beenin commercial property investment, asset &fundsmanagement,andforthelast18yearshehas specialized in corporateoccupieradvisoryservices, working with clients includingCitibank, HSBC, Nokia Siemens Networks,Nestle, IBM,BankDanamon, theWPPGroup,ConocoPhillips,andtheAustralianGovernment.He began his career in London in 1987 withJones Lang Wootton where he qualified as aChartered Surveyor. His experience has beenfocusedwithinAsiaPacificsincehisrelocationtoHongKong in1992andhehasundertakenrealestateassignmentsinmanyofAsia’smajorcities.From1998Davidspent2yearsbasedinSingaporewithABNAMROBank,asHeadofCorporateRealEstateforAsiaPacific,wherehewasresponsibleformanagementoftheBank’soccupiedpremisesportfolio extending to over200corporateoffices&consumerbankbranchesin16countrieswithintheregion.For18ofhis21yearsintheregionhowever,hehasbeenbasedin IndonesiaandhasheldhiscurrentpositionwithCushman&WakefieldinIndonesiasince2008.Cushman&Wakefieldisafullservicerealestate consultancy and property managementprovider,workingwith landlords,developers,investors and corporate occupiers throughoutthecountry.
Nigel HoblerTechnicalAdvisor–TaxationServicesPricewaterhouseCoopers Indonesia
Nigelhas15yearsofexperienceinprovidingtaxconsulting and planning services inAustralia,HongKongandIndonesia. Nigelhasadvisedpropertygroupsinestablishingandstructuringtheir regional investments and has generallybeenactivelyinvolvedadvisingMNCs,privateequitygroupsandhedgefundsinprovidingtaxduediligenceandstructuringtheirinvestmentsintotheASPACregion.From2008to2011Nigelwas responsible for leading the tax efficientwind-up of the Lehman Brothers entitiesin Hong Kong and their regional propertyinvestments.NigelisamemberoftheInstituteofCharteredAccountantsinAustralia.
26th & 27th August 2013 | Shangri-La Hotel Jakarta, Indonesia 2ND ANNUAL INDONESIA REAL ESTATE 2013
Global Speakers and Industry Leaders
Participating Companies Include:Prof Mrs Arie S HutagalungManagingPartnerArie Hutagalung & Partners
Prof Mrs Arie S Hutagalung is currently theManagingPartnerofArieHutagalung&Partners,aboutiquefirmheld inhigh esteem throughoutthemarketforitsstrengthacrossthefullspectrumofrealestatematters.Thefirmadvisesclientsonboth contentious and non-contentious matters,andisparticularlyhighlyregardedforitsexpertiseinprojectandinfrastructuredevelopments.Since1982,ProfAriehasbeenalegalconsultantonrealestate,landandpropertylaws,stratatitlesysteminIndonesia,consumerbankingandlegalcorporateworks for several banks and entities. Prof Arieis also active in academic institutions includingbeing a Lecturer on land laws with the facultyoflawattheUniversityofIndonesia(since1977)and Trisakti University (since 2002). Prof Ariehas consulted extensively with the Indonesiangovernmentandregulatorybodiesonlandlaws,most recently as being a Resource Person on aDraftofthepositionpaperfordraftingLandLawfortheNationalLandBoard(BPN)andlegislative(DPR).Inadditiontothis,shehasalsopublishedarangeofpapersandbooksdiscussinglandlawsin Indonesia.ProfArieHutagalung is laudedbypeersforherexceptionaldepthofknowledgeandbreadthofexperience in thefield.Sheheads thepracticeandremainsthefirm’sleadinglight,withonesourcenoting:“Noonehasanydoubtsastoher knowledge.” ProfArie holds a LawDegree(1976) and aDiploma in RegionalDevelopmentPlanning(1979)fromtheUniversityofIndonesia,aswellasaMastersofScienceinLegalInstitution(MLI) from the University of Wisconsin LawSchool, Madison , USA (1981). Notable clientsinclude Agung Podomoro Group, PT LippoKarawaciTbk,PikkoGroup,BankIndonesia,PTEast Jakarta Industrial Park, PT Bank DanamonIndonesia Tbk, PT Mass Rapid Transit Jakarta,ColliersInternationalandPTDutaPertiwiTbk.
Henry KoenaifiDirector–IndividualBankingBank Central Asia (BCA)
HenryKoenaifihasbeenaDirectorofBCAsinceFebruary13,2008.HeisresponsibleforIndividualBanking Business, comprising mortgages, autoloans (four-wheeler and two-wheeler), creditcards and wealth management. He superviseswholly-ownedauto-financingsubsidiary,PTBCAFinance.HewasthePresidentDirectorofPTBCAFinance from 2000 to 2008. Before joining BCAGroup,heheldseveralseniorpositionsinPTBankBaliTbk,PTBankJaya,PTBankCiputraandPTBankTiaraAsia from1997 - 2000.Hegraduatedin Civil Engineering from Parahyangan CatholicUniversity in 1984 and continued his studies inInstitut Pengembangan Manajemen Indonesia(IPMI) in 2000. He holds an MBA degree fromMonashUniversity,Melbourne,Australiain2001.
Stuart CrowInternationalDirector,HeadofAsiaPacificCapitalMarketsJones Lang LaSalle
Stuart Crow leads the CapitalMarkets businessin the Asia Pacific, responsible for providinginvestment / financial structuring advice, andraising capital for major real estate transactionsacrosstheregion.OriginallyfromAustralia,StuarthasbeenbasedinAsiaforover13yearsandhasworked across all the major real estate marketsin the region. On behalf of owners, investorsanddevelopershehas raisedoverUS$10billionof private foreign capital over the past threeyears for direct, co-investment and joint venturetransactions.Stuarthasaparticularspecializationin structuring large cross border portfoliotransactionsonbehalfof foreign investors in theretail and logistics sector. Stuart is a prominentmemberinindustryassociationsandhasspokenatcapitalmarketsandREITseminarsonbehalfoftheAPREA,Terrapin,NomuraAsiaandPropertyCouncilofAustralia. HeisaregularcontributortovariousindustrypublicationsandcommentatoronCNBC.
Handa SulaimanExecutiveDirectorPT Cushman & Wakefield Indonesia
Handa, Executive Director, is the Directorof PT. Cushman & Wakefield Indonesia. Heleads Investment, Property Management, andDevelopmentManagement part of the business.Handahas23yearsexperienceininvestmentsales,propertymanagement and projectmanagement.
He was involved in acquisition of resort, officebuildings,anddevelopmentsites.Hehasassistedformation of joint venture of office projects.Hisexperience in all facets of developments, fromFeasibilityStudy,Planning,Design,Construction,Marketing,Operation,Refurbishment,addedwithhisengineering,operation,legalandfinancialskillhavebeenveryhelpfultomostclients.Hisareasofexpertiseinclude:Theareasofexpertiseinclude:Investment Sales, Asset Management; PropertyManagement and Development Advisory. HeholdsCivilEngineeringdegreefromParahyanganUniversity, Bandung Indonesia, and Master ofBusiness Administration from California StateUniversity, Long Beach, U.S.A. He attendedExecutiveCourseinUniversityofCaliforniainLosAngeles.
Michael D. BroomellManagingDirectorColliers International Indonesia
Michael Broomell is the Managing Directorof Colliers International Indonesia, the largestinternational property consultancy in Indonesia.Mike relocated to Jakarta in 1992 to found andmanageanewIndonesianpropertyconsultancy.The employees and business of that firm werecombined with those of Colliers in 2004 whenMike assumed the management of Colliers’Indonesian operations. Mike obtained his BBAfrom SouthernMethodist University in 1977. In1979, he earned anMBA from theUniversity ofTexasinAustinandjoinedRepublicBankDallaswhere hewas promoted to the position of VicePresident in the Real Estate Banking Group.From1984through1992,MikeworkedinvariouscapacitiesforTrammellCrowInterests.
Norbert VasVicePresident-Sales&MarketingArchipelago International
Anative ofAustria,Norbert hasmore than 25yearsofhotelindustryexperienceinIndonesia,theUSA,Germany,BelgiumandSpain.Norbert,whohasworkedseveralyearsforIanSchraegerHotels in New York City and Shangri-La,MandarinOriental,Swiss-BelhotelInternationaland the Intercontinental Hotel Group inAsia Pacific, was instrumental in developingArchipelago’s seven hotel brands makingArchipelagoInternationalintooneofthelargesthotelmanagement companies in Indonesia.Heiscurrentlyalso inprocessofbuildinghisownselectservicehotelinBogor.
Eric J. LevyManagingDirectorTourism Solutions International Pte Ltd. (TSI)
Based in Singapore for 20 years, Eric is theManagingDirectorofTSI,ahospitalityinvestmentfirm that in addition to its investment and assetmanagement activities, conducts select advisorywork that is related to investment within theindustry. Eric has over 30 years experience inhotel operations anddevelopment, developmentadvisory and private equity. He was, untilrecently, the Senior Vice President – Growthand Development of Pan Pacific Hotels Group.Prior to that, he was involved (as a Principal)in two successful hospitality investment andadvisory firms, Octagon Capital Partners andTourism Solutions International. These firmshave completed successful hotel investments inAsiaandprovidedadvisoryservicestoavarietyof international hotel companies. His past heldpositions includeDirector and Senior Partner ofHorwathAsiaPacificandExecutiveVicePresidentofColonyCapitalinAsiaPacific.
Jan LowExecutive DirectorMorgan Stanley Real Estate Investing
08:30 RegistrationandMorningCoffee
09:00 Chairperson’s Opening Remarks Haslam Preeston, General Manager, Jakarta Land
09:10 Indonesia Economic Outlook and The Global Property Market Macroeconomictrends,internationaldevelopmentsandtheirimpacton
realestate&propertysectorgrowthinIndonesia Outlookoninflation,buyingpowerofconsumersandrisingoilpricesin
Indonesia Landbankstosupportdevelopmentamidststaggeringriseinlandprices Anton H. Gunawan, Executive Vice President, Chief Economist, PT Bank
Danamon Indonesia, Tbk
09:50 Focusing on Outlook for Jakarta and Greater Jakarta into 2014 Developmenttrendsbothincentralcoreandnichepocketsofdemand Demandandsupplytrends Economicpower,continuingdomesticdemand,takeuprates; Rapidincreaseinpricesoflandandrentals,anyinfrastructure
developments; Haschangeingovernmentimpacteddevelopments? DavidCheadle,ManagingDirector,PTCushman&WakefieldIndonesia
10:30 MorningRefreshments
11:00 Keynote Address: Update: Towards Improving Clarity on Land Ownership Challenges in Indonesia
WhataregovernmentmovementsandprogressonplanstomanagelandtitleissuesanddisputesinIndonesia
Updatesonlandacquisitionregulationrelatedtoforeignownership Harmonizationbetweenfederalandlocalgovernmentlandregulation
practices (Invited) Hendarman Supardji, Head, National Land Agency (BPN)
11:40 Reviewing Urbanization Trends in Tier II and Tier III Cities in Indonesia Howispopulationgrowthisthesecities?-sustainablegrowthindemand
forpropertiesinthesesecondarymarkets Economicpowerofexpandingurbanpopulationsandeconomicdrivers
forkeytierIIandtierIIIcities Infrastructureavailabilitytosupportpropertygrowthinthesecities Whichsectorsshowingmostdemand i.e. housing, retail, commercial,
hospitality etc Ir. Hayu Parasati, MPS, Director – Urban and Rural, National Development
Planning Agency of Indonesia (BAPPENAS)
12:20 Focusing on Retail Property Developments in Indonesia Amidst Rise in Domestic Affluence
Growingdomesticmiddleclassaffluenceanddemandforgoods Entryofbrandsintomarketandneedforretailspace-Strategiesbeing
usedforretailentrantsintoIndonesiapropertymarket Strategiestoenhanceattractivenessandaccommodateneedsofretailers
forretailspace ThomasCMalayil,ChiefExecutiveOfficer,PTLippoMallsIndonesia
13:00 NetworkingLuncheon
14:00 Meeting Indonesia’s Office Space Growth in Demand Into 2016 Risingdemandtrendsandvastundersupplyforofficespace Whatofficespaceprojectsarecomingontomarket? Whereisdemandcomingfrom?Andabsorptionofpropertiesi.e.
speculativedevelopmentorhavecommittedlessorsbeforedeveloping; Iscommercialpropertydemandsustainablewithexpectedeconomic
growthinIndonesia Michael D. Broomell, Managing Director, Colliers International Indonesia
Day 1: 26th August 2013, Monday14:30 What’s in the Pipeline for Industrial Developers in Move to Meet
Growing Industrial Property Demand? Whichcurrentordevelopingindustriallocationsexpectedtogrow Factorsdrivingindustrialgrowth,demandrisingfromwhichtypeof
industrialoccupiers? Availabilityoflandbankstosupplymarketandinfrastructuretosupport
growthofindustrialestates (Invited) Sanny Iskandar, Chairman, Indonesian Industrial Real Estate
Association (HKI)
15:00 Reviewing Growth Trends and Opportunities for Landed and High Rise Residential Properties
Backlogbetweendemandandsupplycomingontomarket Demandinmetropolitanandsuburbanareas Supportiveinfrastructure,newtrendsinlocationsandtypesof
properties; Mortgageloanconsiderations Widijanto, Managing Director, PT AKR Land Development
15:30 AfternoonNetworkingRefreshments
16:00 Identifying Opportunities in Mixed Use Developments and Superblocks in Indonesia
RecentriseofsuperblockandmixedusedevelopmentsinIndonesia Marketresponseandtakeupratestodate Opportunitiesandchallengesformixedusedevelopments Speakerbeingconfirmed
16:30 Reviewing Developments Impacting the Growth of Indonesia’s Hospitality Industry
Growthindemandandwhatsupplyiscomingontomarkets Howmuchhasrecentminimumwageincreasesimpactedprofitability
andinvestmentsintothehospitalitysector IsasaturationpointbeingreachedinmajortourismdestinationslikeBali OutlookforexpectedoccupancyratesinBalipostAPEC-IsBali
overheatedorstillcompetitive Ian Lien, Managing Director, SC Capital Partners
17:00 Case Study: Reviewing Real Development Costs & Return on Investment for Budget Hotels Viability in Indonesia
A‘MeToo”businessattitudehasledtoproliferationofbudgetshotels acrossIndonesia
Arebudgethotelsreallypromisingasaninvestment-Ismarket becomingsaturated?
Commonpitfallsfacedbyinexperiencedownersanddevelopers Analyzingrealdataoncosts,developmenttimeandROIforaverage
budgethotelsinIndonesia Norbert Vas, Vice President – Sales & Marketing, Archipelago International
17:30 Identifying Investment and Development Prospects for Tourism Destinations Beyond Bali
AnupdateontheemergingmarketsoutsideofBaliforhospitalityand residentialdevelopmentssuchasLombok,Gilis,Sumba,Subawaand Flores
Whataremajorchallengesintheselocations? Whatproductsmatchtheopportunityandwhenistherighttimeto
develop BillBarnett,ManagingDirector,C9Hotelworks
18:00 Chairperson’s Closing Remarks and End of Day One
Industry Outlook and Regulatory Developments for the Property Sector
Developers to benefit from demand in Greater Jakarta - Moody’s Investor
Services
~ Source: The Jakarta Post, 22nd May 2013 ~
Call: (65) 6899 5030|Email: [email protected]|Visit: http://www.claridenglobal.com/indonesiarealestate2013/
26th & 27th August 2013 | Shangri-La Hotel Jakarta, Indonesia 2ND ANNUAL INDONESIA REAL ESTATE 2013
Conference Agenda
Real Estate and Property Sectors of Growth Potential into 2014
12:25 Entering Indonesia’s Property Market as an International Investor Countryfactoverview,Indonesiagrowthareahighlightandopportunity
inpropertysector OptionsfortheInternationalInvestorenteringIndonesia’sproperty
market WhyPartnershipsarethebestoptionforenteringIndonesiamarket
effectively PreparingasuccessfulStrategicPartnership&JVwithaLocalPartner Casestudy:ManagingthekeychallengesinenteringIndonesiamarket Ishak Chandra, Managing Director - Corporate Strategy & Services, Sinar
Mas Land
12:55 NetworkingLuncheon
14:00 Panel: Addressing and Reducing Differences between Domestic and International Investors
Risktolerancelevels Doexpectationsofinternationalanddomesticinvestorsmatch? Beingintunewithinternationalrequirements Workingtowardsimprovingandopeningupmarkettointernationalcapital IsinternationalmoneyreallynecessaryforindustrygrowthinIndonesia? Moderator: Eric J. Levy, Managing Director, Tourism Solutions International Panellists: Frank Khoo, Global Head of Asia, AXA Real Estate Atsushi Suzuki, Managing Director - Strategic Capital Group, PT Samuel
International Jan Low, Executive Director, Morgan Stanley Real Estate Investing
14:45 Managing the Balance of Needs of the External Investor and Local Partners in Partnerships
Differenceinexpectationsinpartnershipsbetweenpartners, Findingacceptablebalance, Silentversusactivepartnerships; Opportunitiesandchallengesinexpectations Gérard Guillouet, Senior Vice President - Malaysia, Indonesia & Singapore, Accor
15:15 The Potential of Mortgage Backed Securities in Indonesia for the Real Estate Industry
BenefitsofIssuingMBS/CMBSinIndonesia Currentmarketstatusforsuchfundinginstruments Potentialopportunitiesandchallengesforpropertystakeholdersand
investors Supportfromallstakeholders(capitalmarket,propertydevelopers,
mortgagelenders/banks,regulator/government) FreddyHendradjaja,ChiefInvestmentOfficer,PTLippoSecurities
15:45 AfternoonNetworkingRefreshments
16:15 REITS – New Frontiers in Indonesia The“REITHydra” TheAsianREITExplosion NirvanaforIndonesianDevelopers,PropertyFundManagers,Asset
Managers,Institutional&RetailInvestors,Banks&ProfessionalServiceProviders–Lawyers,Accountants,Valuers&Trustees
LegislatorsandDevelopers–YouNeedToPrepareNow! Bob Mok, Principal, BM RealCap Advisory
16:45 Mortgage Loan and Managing Its Risks Implications for Real Estate in Indonesia HenryKoenaifi,Director–IndividualBanking,BankCentralAsia(BCA)
17:15 Panel: Controlling the Rise of a Real Estate Bubble in Indonesia Isthemarketheadingtowardsapropertybubble-Willtheproperty
growtheuphorialeadingtoabubbleinpropertypricesandpropertyspeculation?
HowcanweasstakeholdersworktowardsavoidsuchabubbleInIndonesia? HavemovementssuchasLTVregulationbygovernmenthelpedtowards
controlthis? Moderator: Moderatorbeingconfirmed Panellists: DavidCheadle,ManagingDirector,PTCushman&WakefieldIndonesia Additionalpanelistsbeingconfirmed
18:00 Chairperson’sClosingRemarksandEndofMainConference
08:30 RegistrationandMorningCoffee
09:00 Chairperson’s Opening Remarks Ade Putra Rusly, Managing Director, Duta Rapira Consulting and
Chairman at Jakarta Institute of Real Estate and Urban Development
09:10 Insight Session: Managing Challenge of Delivering Building Projects Amidst Rising Costs of Construction
Keychallengesofgettingpropertybuiltanddeliveredaspromisedin Indonesia
Impactonmarginsandbottomlinesamidstriseinmaterialcosts-how haveconstructionpricesgoneup?
Howhasthisimpactedrateofdevelopmentandcompletionofprojectsin Indonesia
Howareconstructioncompaniesandcontractorsworkingtogetherwith developersandinvestorstocontinuedeliveringprojectsaspromised
Speakerbeingconfirmed
09:40 Discussing Progress in Infrastructure to Support Burgeoning Real Estate Growth
Whathasbeenprogressrelatingtotollroads,highways,trains,airports, portsetctoopenupareasfordevelopment&improvetransportaccess;
Howisailinginfrastructureworkingtomatchskyrocketingprivatesector growthinrealestatedevelopment?
ProgressofimplementationofinfrastructureplansunderMP3EIforJava (andothermainIslands)?
Speakerbeingconfirmed
10:10 Investing In Indonesia: How to Enter the Market and Make Money While Avoiding the Pitfalls
What’sbeendrivingthemarketovertherecentpastandwillitcontinue? Wherearetheopportunitiesnowandhowdoyouunlockthem? Isenteringonyourownworththerisk? Todd Lauchlan, Country Head, Jones Lang LaSalle Indonesia
10:40 MorningNetworkingRefreshments
11:10 Outlining Onshore and Offshore Tax Considerations for Property Investments in Indonesia
Overviewofapplicabletaxframeworksforpropertyinvestments Taxleakagesonpropertyinvestments Additionaltaxratesforhighendresidentialdevelopments Useofoffshoreholdingcompaniestomitigatetaxrates Offshorestructuresandtheoverallholdingcostsforpropertyinvestments Managingtaxissueswhenextractingcashduring(a)theholdingperiod;
and(b)onexit Nigel Hobler, Technical Advisor – Taxation Services,
PricewaterhouseCoopers Indonesia
11:40 Panel: Leveraging Indonesia as a Genuine Prospective Investment Destination for International Investors
Isthereexcessiveexcitementinmedia? Isthepropertymarketactuallyprospectivegivenrealitiesofcountry?; Managingrisksandtransparencylevelstowardsreachinginternational
investmentrequirementsandencouragingparticipationinIndonesia’s propertyindustry;
Whatcanbedonetoattractmoreinternationalinvestmenttocommitand berealised?
Moderator: HandaSulaiman,ExecutiveDirector,PTCushman&WakefieldIndonesia Panellists: David Ee, Managing Director - Asia CRE Investments, Manulife Real
Estate, Manulife Financial Akhil Taneja, Director of Development - South East Asia, InterContinental
Hotels Group (IHG) StuartCrow,InternationalDirector,HeadofAsiaPacificCapitalMarkets,
Jones Lang LaSalle
Day 2: 27th August 2013, Tuesday
Call: (65) 6899 5030|Email: [email protected]|Visit: http://www.claridenglobal.com/indonesiarealestate2013/
26th & 27th August 2013 | Shangri-La Hotel Jakarta, Indonesia 2ND ANNUAL INDONESIA REAL ESTATE 2013
Conference Agenda
Understanding and Meeting Requirements of International Investment Interest
Partnership Structures and Financing Considerations for Real Estate Development
Workshop Timetable:Workshopswillrunfrom9:00am–17:00,withamidmorning,luncheonandmidafternoonrefreshmentbreaks included. Registration begins 30 minutes before each workshop commences.
Call: (65) 6899 5030|Email: [email protected]|Visit: http://www.claridenglobal.com/indonesiarealestate2013/
26th & 27th August 2013 | Shangri-La Hotel Jakarta, Indonesia 2ND ANNUAL INDONESIA REAL ESTATE 2013
Post-Conference Workshop – 28th August 2013, Wednesday
Workshop A: 09:00 – 12:30, Navigating Land Acquisition and Licensing Hurdles for Property Development in Indonesia
Workshop Objectives
Indonesia’sbooming real estate andproperty sector continues todraw interest from investors,bothinternationalanddomestic.However,restrictionsandthecomplicatedLandLaws(especiallythoseinrelationtotypesofLandTitleandLandAcquisition’sprocess)inIndonesiacontinuetobeconstrainsformanyinvestors.TheaimofthisminiworkshopistoprovideaworkingguideforstakeholdersaboutthestepsandlegalaspectsonlandacquisitionandlicensingthattheyneedtotakeintoconsiderationforanypropertydevelopmentprojectsinIndonesia.ParticipantswillhaveagreaterunderstandingonnavigatingtheregulatoryrequirementsinvolvedinpropertydevelopmentandinvestmentinIndonesiaandthelicensingprocessinordertomaximizepotentialandminimizerisks.
Workshop Outline
1. OverviewoftypesoflandtitleinIndonesiaanditscharacters,relevantregulatoryframeworks2. HowtoacquirelandinIndonesia,includingmaterstobetakenintoaccount;3. Landregistrationanditssystem;4. Relatedlicensesforpropertydevelopmentincludingforeigninvestmentcompany;5. LicensesforpropertydevelopmentinJakarta;andhowdoesthisdifferforpropertiesoutsideof
Jakarta?6. Whatarethedocumentaryrequirementsneededateachsteps7. Expectedchallengesandbottlenecksintheprocess8. Sampleofrecentlegalcasesonlandacquisitionsandtheirrulings9. Mockcasestudyexercise–participantswillworkonhelpingahypotheticalinvestortoplanand
evaluateforalandacquisitioninIndonesia
About Your Workshop LeaderProf Mrs Arie S HutagalungManagingPartner,Arie Hutagalung & Partners
ProfMrsArieSHutagalungiscurrentlytheManagingPartnerofArieHutagalung&Partners,aboutiquefirmheldinhighesteemthroughoutthemarketforitsstrengthacrossthefullspectrumofrealestatematters.The firm advises clients on both contentious and non-contentiousmatters,andisparticularlyhighlyregardedforitsexpertiseinprojectandinfrastructuredevelopments.Since1982,ProfAriehasbeenalegalconsultantonrealestate,landandpropertylaws,stratatitlesysteminIndonesia, consumer banking and legal corporate works for severalbanks and entities. Prof Arie is also active in academic institutionsincludingbeingaLectureronlandlawswiththefacultyoflawattheUniversityofIndonesia(since1977)andTrisaktiUniversity(since2002).ProfArie has consulted extensivelywith the Indonesian governmentandregulatorybodiesonlandlaws,mostrecentlyasbeingaResourcePersononaDraftofthepositionpaperfordraftingLandLawfortheNationalLandBoard(BPN)andlegislative(DPR).Inadditiontothis,shehasalsopublishedarangeofpapersandbooksdiscussinglandlawsinIndonesia.ProfArieHutagalungislaudedbypeersforherexceptionaldepthofknowledgeandbreadthofexperienceinthefield.Sheheadsthepracticeandremainsthefirm’sleadinglight,withonesourcenoting:“Noonehasanydoubtsastoherknowledge.”NotableclientsincludeAgungPodomoroGroup,PTLippoKarawaciTbk,PikkoGroup,BankIndonesia,PTEastJakartaIndustrialPark,PTBankDanamonIndonesiaTbk,PTMassRapidTransitJakarta,ColliersInternationalandPTDutaPertiwiTbk. ProfArie holds aLawDegree (1976) and aDiploma inRegionalDevelopmentPlanning(1979)fromtheUniversityofIndonesia,as well as a Masters of Science in Legal Institution (MLI) from theUniversityofWisconsinLawSchool,Madison,USA(1981)
Workshop B: 13:30 – 17:00, Setting Up and Managing Joint Venture Partnerships in Indonesian Real Estate
Workshop Objectives
AccordingtorecentsurveyconductedbyULIandPwC,JakartaisthetopdevelopmentandinvestmentRealEstatedestination inAsiaPacific in2013*.Nevertheless, Indonesia’s realestatesectorscontinuetopresentcertainrisksandchallengesforforeigninvestorsseekingtoenterthemarketandexploreitspotential.Thispresentssignificantmatch-upopportunitiesforjointventuresandpartnershipsbetweeninternational investors with expertise, technology and funds and strong Indonesian local partnersseekingadditionalfinancingtoimprovetheircapacities,whomoftenhaveverydifferentexpectationsofhowapartnershipwillwork.ThisworkshopaimstoaddressmajorissuesandconcernsofforeigninvestorswhensettingupandimplementingjointventurepartnershipswithIndonesianlocalpartners.Participantswill also learnpotential strategies to effectivelymanage thenewventure to benefits allpartiesinvolved.
*Source: Emerging Trends in Real EstateAsia Pacific 2013 survey, Urban Land Institute and PwC,November2012.
Workshop Outline
• Indonesia towards 2015: Brief overview of Indonesia Economic and Real Estate MarketOutlook
• AddressingissuesandconcernsforinternationalinvestorsonenteringIndonesia’slucrativerealestatesectors
• Settinguppartnerships-whyconsideraJointVenture?• IndonesianRegulations&LegislationsonForeignInvestmentandSettingUpJVPartnerships• PublicPrivatePartnerships:OpportunitiesinRealEstate-relatedInfrastructuresSectors• TakingonAnIndonesianPartner:Understandingandmanagingcross-culturalchallengesof
anInternationalJVinIndonesia;Importanceofmanagingexpectationsofpartiesinvolved• Successful JointVenturesPartnership thatworksbothways:Opportunities andPitfalls for
bothpartiesinvolved• LessonsLearnedfromLombok(casestudyofDubaiWorldinSouthLombok)• Mockscenariogroupexercise–ingroups,participantswillworkonhelpingahypothetical
investortoevaluateandsetupajointventurepartnershipinIndonesia• andevaluateforalandacquisitioninIndonesia
About Your Workshop LeaderAde Putra RuslyManagingDirector,Duta Rapira Consulting; and,Chairman, Jakarta Institute of Real Estate and Urban Development
AdePutraRuslyistheManagingDirectorofDutaRapiraConsulting,aJakarta-basedrealestatestrategicconsultingfirmandtheChairmanofJakartaInstituteofRealEstateandUrbanDevelopment.Mr.Ruslyis responsible for setting up real estate development and investmentprojects, developing strategic partnerships, handling marketing andbusiness development, and conducting project feasibility studies andplanning.Anarchitectaswellasrealestatespecialist,Mr.RuslystartedhiscareerasaDesignerbeforejoiningrealestateindustries.Hehas19years of experience and expertise in various residential high-rise andcommercialproject,infrastructuresandtownship,hospitality,industrialestates,andmixed-useddevelopmentprojectsinIndonesia.Mr.Ruslyenjoys travelling to Europe, Southeast Asia, Singapore, Hong Kong,KoreaandMiddleEastregions,meetingclientsandinvestorsinterestedinenteringtheIndonesianrealestatemarketaswellasproducingrealestatemarketreportsandanalysisonemergingRealEstatetrendsinAsiaPacificregions.
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