Beijing Olympics accelerates city development
Posted on May 12, 2008
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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
Posted on May 12, 2008
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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
Posted on May 12, 2008
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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
Oversupply causes property bad credit
Posted on February 5, 2008
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Property credit growth in 2008 will certainly hike along with credit growth in the banking sector that is estimated at Rp210 trillion. Regardless of whether bank credit growth can be boosted up to 33% –so far it has recorded 24 percent only – financing in the property sector, mainly in landed houses and low-middle class apartments, will certainly remain active. The one thing that requires serious attention is property oversupply that will no doubt cause bad credits. Read more
A year of hope for property
Posted on February 5, 2008
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As the economy of Indonesia still depends on bank loans, the robust bank lending can help economy to expand. Bankers are optimistic that bank loan outstanding will grow at least 25 percent compared to only about 22 percent last year, that will help the economy to expand 6,4-6,8 percent. This optimism is based on the prediction that Bank Indonesia’s benchmark interest rate (BI rate) will continue to drop from its current level of 8 percent to around 7 percent. The down trend of BI rate will give banks more room to cut their lending rates. Read more
Property market picks up in 2008 but still slowing down
Posted on February 5, 2008
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Many factors will hinder the Indonesian property market from growing at full speed. Added to them will be next year’s general election. Although their impacts will not be significant, the factors could cause property market slow down, although on the whole it is could be a little better than last year. In order to know more about the factors and the sub-sectors that will slow down, Deddy H. Pakpahan of Asian Property Investment interviewed Anton Sitorus, who heads the Research Division of PT Jones LangLaSalle. Below are excerpts of the interview. Read more
