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INDONESIAPROPERTY MARKET OUTLOOK
Bandung, IndonesiaNovember 15 - 16, 2013
PRESENTATION AGENDA
MACRO ECONOMIC INDICATORS
PROPERTY MARKET SNAPSHOT
MAJOR INSTRUCTIONS
• Commercial• Industrial
• Sentul Nirwana
MACROECONOMIC INDICATORS
MACROECONOMIC INDICATORS
FDI LOCAL
2004 4,57 15,41 - -
2005 8,91 30,72 94,87 99,39
2006 5,99 20,65 -32,76 -32,79
2007 10,3 34,88 72,60 68,91
2008 14,9 20,36 43,80 -41,61
2009 10,00 35,00 -32,76 71,87
2010 16,21 60,50 62,15 72,86
2011 19,47 76,00 20,10 25,62
2012 24,56 92,2 26,14 21,32
2013 * 21,20 94,1
*Q3 2013
GROWTH
REALIZE INVESTMENT
YEAR
REALIZED LOCAL
INVESTMENT
(IDR Trillion)
REALIZED FDI
(USD Billion)
MACROECONOMIC INDICATORS
MACROECONOMIC INDICATORS
MACROECONOMIC INDICATORS
CORPORATE EARNINGS Q3
MACROECONOMIC INDICATORS
Economic Indicator 2009 2010 2011 2012 Q3 2013
GDP (% growth) 4.5% 6.2% 6.5% 6.2% 5.62%
Inflation (%, year end) 4.9% 6.5% 3.79% 4.32% 8.32%*
Central Bank Rate 6.5% 6.5% 5.75% 5.75% 7.5%
Lending Rate 13.0% 12.5% 10.5% 10.5% 12%
Time Deposit Rate 6.5% 6.5% 6.5% 6.5% 9%
JSX Index 2,527 3,701 3,857 4,316 4,486*
Currency (USD) 9,300 9,100 9,000 9,600 11,350*
*) As per October 2013*) As per 7 November 2013
JSX index hit below 4,500 key level on November 2013
Slowing economic performance :
MACROECONOMIC INDICATORS
PROPERTY MARKET SNAPSHOT
MAJOR PROPERTY TRANSACTION
I. COMMERCIAL
PROPERTY MARKET SNAPSHOT
1. Bank Resona Perdania Building
Jendral Sudirman Kav. 40-41Buyer : Local ConsortiumLand Size : 11,000 sqmTranx Price : USD 125,000,000 or USD 11,363 per sqm
MAJOR PROPERTY TRANSACTION
I. COMMERCIAL
PROPERTY MARKET SNAPSHOT
MAJOR PROPERTY TRANSACTION
I. COMMERCIAL
2. Sudirman Central Business District Lot 16
Golf Driving RangeBuyer : Hongkong LandLand Size : 11,000 sqmTranx Price : USD 20,000 per plot ratio
PROPERTY MARKET SNAPSHOT
MAJOR PROPERTY TRANSACTION
I. COMMERCIAL
3. Hero Supermarket (Giant) HQ
Buyer : Local DeveloperLand Size : 11,000 sqmTranx Price : USD 45,000,000 or USD 4,000 per sqm
PROPERTY MARKET SNAPSHOT
MAJOR PROPERTY TRANSACTION
I. COMMERCIAL
4. 9,000 sqm Land at Gatot Soebroto Kav. 12
Buyer : Local DeveloperTranx Price : USD 3,000 per sqm
PROPERTY MARKET SNAPSHOT
MAJOR PROPERTY TRANSACTION
I. COMMERCIAL
5. St. Regis Office Development
Buyer : GIC SingaporeGross Building Size : 90,000 sqmTranx Price : USD 2,700 per sqm or USD 240,000,00
PROPERTY MARKET SNAPSHOT
PROPERTY MARKET SNAPSHOT
MAJOR PROPERTY TRANSACTION
I. COMMERCIAL
6. Graha Unilever
Buyer : Local DeveloperLand Size : 5,200 sqmBuilding : 12,000Tranx Price : USD 29,500,00
PROPERTY MARKET SNAPSHOT
MAJOR PROPERTY TRANSACTION
II. INDUSTRIAL
TOYOTA CORP purchased another 100 ha Karawang Land belong to Lippo Group at USD 130 per sqm. The land was earmarked as cemetery land bank but converted to industrial zone.
PROPERTY MARKET SNAPSHOT
MAJOR PROPERTY TRANSACTION
II. INDUSTRIAL
PROPERTY MARKET SNAPSHOT
MAJOR PROPERTY TRANSACTION
CONCLUSION :
1. Foreign property players have been snatching up or JV for commercial properties in Jakarta Golden Triangle.
2. Large size industrial lands (100 ha) have also changed hands to foreign investors especially in Karawang area.
3. These most recent acquisitions have driven up property prices into a new territory.
PROPERTY MARKET SNAPSHOT
PROPERTY MARKET SNAPSHOT