To make house more affordable for low income people
The Ministry of Housing just raises the price of subsidized low cost housing from a maximum of IDR49 million to IDR55 million for target group I, from a maximum IDR37 million to IDR41.5 million for target group II, and from a maximum of IDR25 million to IDR28 million for target group III. The reason behind this price hike is more or less due to the recently increase of building materials. With the price hike, the developers will expectedly be encouraged to build as many as possible low cost houses, and therefore the supply will also increase. The question is can we expect that with the price increase, the demand of subsidized low cost house will also increase? Read more
Bali Dreamland, Entertainment destination and world famous surf beach.
Dreamland is one of Bali’s most famous locations with pristine white sands and challenging surf beaches. Popular and frequented by both the local expatriate community and tourists this is a magical place.
Originally development began in 1996. An area of over 450 hectares of magical views. With wide roads, and the plumbing and electrical already installed the development was halted for a number of years due to the economic and political crisis of the late 90’s in Indonesia. Now in 2008 development is nearing completion. Expected opening is aimed at European high season during August or September of this year. Read more
Singapore, an ever stronger Asian magnet
Singapore very soon will have two gambling centers, the largest in South East Asia. They will start operation next year. Just imagine the amounts of dollars that will flow into the coffers of the Singapore government every year from the operation of the two legal gambling centers. Like a magnet, Singapore will become even more attractive. Indonesia will also benefit from the existence of the Singapore projects although the amounts raked in will not be as big as those in Singapore.
On May 26, 2006 the Singapore government issued permits to investors to open gambling centers in the island state. The first permit went to Las Vegas Sands Corp from the United States that will develop a casino resort at Marina Bay Sands. And the second permit was given to Resort World at Sentosa, whose casino center is being developed by Genting International PKC (Genting Group). Read more
Beijing Olympics accelerates city development
The 2008 Beijing Olympic Games will be opened on August 8, 2008. Since the city won the Olympic Games bid in 2001, approximately US$41 billion has been budgeted for its transformation and a substantial portion of this has been used to improve the environment and expand the city’s infrastructure.
“Beijing today is almost unrecognisable when compared to the city only a few years ago. The combination of government and private sector development and investment has transformed the urban environment,” said David Hand, Managing Director for Jones Lang LaSalle Beijing as quoted by its latest paper, Accelerating Towards a New Beijing that was released in mid-April. Read more
Inflation will hit Asian housing market
Slowly but surely the Asian housing market has now entered its gloomy days. Although it has not been affected by the sub-prime mortgage crisis in the United States, inflation, rising interest rates, hiking food and agricultural products and increasing fuel prices – will slowly but surely hit the Asian housing industry. Read more
BG Lee and Bang Ali
Gambling is said to be the same age as prostitution, which is alleged to have been practiced from pre-historic times, or around 3000 BC when not a single religion came into existence. Quite many history books or legends explicitly disclose that gambling is as old as human civilization. In the story of Mahabarata, for instance, Pandawa lost his kingdom and was exiled to forest where he stayed for 13 years. This happened after his defeat at gambling against Kurawa. Read more
