Vila di Bali sudah oversupply
Posted on January 22, 2008
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Bank Indonesia (BI) Denpasar akhir tahun lalu mengeluarkan imbauan yang meminta Pemerintah Provinsi Bali menghentikan sementara pemberian izin pembangunan hotel dan vila di Bali. Pihak BI menilai pembangunan hotel dan vila di Bali sudah masuk titik jenuh, lantaran menciutnya permintaan yang disebabkan pasok hotel dan terutama vila sangat berlebih. Selain itu, kondisi pariwisata Bali yang belum sepenuhnya pulih, semakin menipiskan demand terhadap hotel dan vila di Pulau Dewata ini.
Penciutan demand terhadap hotel dan vila di Bali juga terlihat pada akhir tahun lalu. Biasanya, menjelang pergantian tahun pesanan vila di Bali meningkat, terutama dari wisatawan mancanegara. Namun banyak pengusaha vila mengaku pesanan vila 2007 menurun dibandingkan tahun-tahun sebelumnya. Read more
European investors confident in Bali’s market
Posted on January 22, 2008
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Living in Bali and moving around Seminyak, Oberoi and Canggu we can see the investment climate for small and medium sized businesses is regularly expanding. With international standard restaurants, clothing boutiques and new service businesses appearing often. As a resident these and other locally owned businesses are a welcomed addition to our living standards. Increasing both the variety of activities and services available for tourists and residents to enjoy.
We are witnessing investor confidence and a commitment not only of initial capital but also energy, time and optimism are being invested in Bali. Bali is a dream for many, whether form neighbouring islands and cities in Indonesia to new European residents from England, Spain, Germany, France and most other countries. Brought here by a common love of both the strength of culture experienced through living with the local Balinese people and the business opportunities which can be accessed relatively inexpensively by international investors. Read more
New foreign retailers will jack up domestic retail market
Posted on January 22, 2008
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In 2008, retail property supply in Jakarta is estimated to rise by 400,000 sqm, or a 47.6 percent-hike from last year’s. The increase will increase retail property supply in the capital to a total of 3.2 million sqm, or a 15.7 percent hike. On the contrary, demand for retail space will decline. Consumer saturation on the domestic market is suspected to be the factor behind the market slowdown.
A research conducted by PT Procon Indah Savills revealed that retail space supply will increase in 2008. Actually, such a rise started last year. Even, in the third semester of 2007, retail space supply recorded a twofold increase. Although lease prices recorded a stable trend, net take-up of retail space in Jakarta experienced a significant decline, by 52.9 percent. Read more
Topshop to open China store next year
Posted on January 22, 2008
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British fashion retailer Topshop plans to open its first China store early next year, following rivals such as Inditex’s Zara and Hennes & Mauritz AB in setting up shop in the world’s fastest growing major economy. Topshop had signed a deal to rent space in the Shanghai Superbrand Mall in the city’s financial district, said the sources, who declined to be identified.
The mall, in which Zara and H&M already have shops, is managed by a property arm of Charoen Pokphand group, Thailand’s biggest agricultural business conglomerate. “Topshop is definitely not coming to China for just one store. It is also looking at many other Chinese cities, such as Beijing and Hong Kong,” one of the sources said. Read more
China developer acquiring Spirit World
Posted on January 22, 2008
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Guangzhou property developer China Yuanbang Property Holdings is acquiring Spirit World Holdings, one of the joint venture partners of its Aqua Lake Grand City project in Nanchang City, Hongjiaozhou for 200 million yuan (S$39 million).
On completion of the proposed acquisition, Spirit World will become an indirect wholly owned subsidiary of the group, which will in turn indirectly hold a 51 per cent stake in New Zhong Yan (Nanchang) Real Estate Development. The latter is another joint venture partner in the Aqua Lake development and holds the development site area of 193,380 square metres, valued at over 400 million yuan. Read more
ING Real Estate plans second China fund
Posted on December 17, 2007
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The world’s biggest property fund manager ING Real Estate plans a second China fund next year, worth about US$700 million, in response to growing enthusiasm for Asian property at a time when Western markets are suffering. With a global credit crunch depressing activity in European and US commercial property markets, ING Real Estate is pushing further into Asia. But the unit of Dutch financial services firm ING Groep NV is also looking to snap up and privatise battered real estate investment trusts (Reits) in mature markets.
“On the one hand you see part of the world slowing down, triggered by the credit crunch. And then you see another part of the world - China, Japan, and even Australia—where there are lots of opportunities,” ING Real Estate chairman and chief executive George Jautze told Reuters in an interview. Read more
