Posts Tagged ‘Big Chance’
Big Chance Investment In Indonesia
Developer superblock properties begin to build the region in areas outside Java. In addition to its existing market potential, other reasons because the property market in Java began overflowing. What about investment prospects in there? Superblock area of development in Jakarta and Java Island, until now there has not been completely finished. However, property developers have started latah build an integrated region is in many areas outside Java.
Call it Grand Uway Development developer, who is now in the process of building super named Grand Quarter, in the area of Batam. Mixed Used project includes shopping malls, apartments, kondotel, until the water park was built in August 2009 began then, and is scheduled to be completed in 2011.
Then there is also Sinar Menara Deli, who built the first super block area in Medan, North Sumatra by the name of the Grand Deli City. In the early stages, the Light Tower, which is part of the Compact Group, will build a mall and condominium tower as high as 33 floors.
Although an initial project, the developers did not want to half-hearted in investing. Deli Grand City project value for example, was estimated to reach Rp 2.5 trillion. While the project Grand Quarter, up to U.S. $ 120 million or around Rp 1.2 trillion.
Seeing the courage developers set high enough numbers, they are certainly quite sure about the market prospects of the project. “Our location is good because it supported the view is situated on the riverbank. We are confident that the investment here could rise 15% -20% per year, “said Chandra Wilson, Sinar Menara Deli Marketing Executive.
Grand Uway also have the same optimism. Chief Operation Officer Grand Uway, Totonafo Lase says, Grand Quarter is the first superblock project in Batam. So, not many competitors. “The opportunity to make a nice profit,” he said. Superblock project also benefited from its location in Batam, a transit area for foreigners who want to travel or do business in the territory of Indonesia.
Ali Tranghanda observers assessing property, Batam’s lands for the construction of super soft. The island is located in the area of free trade zone which is often the consumer’s arrival from Singapore or Malaysia. “Superblock address the needs of the hotel and convention site in Batam,” he explained.
On top of bank interest
According to property analysts as well as Head of Research Jones Lang Lasalle, Anton Sitorus, in addition to answering the needs of the market, the emergence of super block in the area due superblock project on Java or Jakarta is already crowded. “Investing in Jakarta so look less profitable,” he said.
Finally, developers are looking for regions considered to have potential as a business center. For example, areas with large natural resources such as oil-rich Pekanbaru, or the island of Bali which has great tourist potential.
Some other areas such as Medan, Palembang, Balikpapan, Pontianak, Makassar, now also become a target for developers. “They could become the first in the area, so there’s no competition,” he said.
Usually before investing developer will look at two factors. First, factor the benefits of the project. Second, capital gains, or potential profit if the property is later sold again, must also be high. ‘Benchmark, should be higher profit than bank interest, “said Anton.
‘Ali argues, building on the superblock area, beneficial in terms of land. In addition to the amount of land is still widespread, the price is still cheaper. Some areas have one-sixth the price of land continues to one-tenth the price of land in Jakarta.
Well, if laid out correctly, according to him the value of land can be increased up to two times in a short time. However, in order to succeed, investors need to pay attention to the conditions and needs of the local market.
Because, every area has the character or peculiarities of each. Surabaya, for example, although a large city, has a strong traditional character. Thus, the superblock will be largely dominated by shophouses. The rich Manado attractions, should have a superblock which contains a lot of middle to high occupancy, where the convention, or a luxury hotel.
Want to look super investment outside Java? Here are some of them.
Deli Grand City, Medan
Superblock concept that stood on the land area of 5.2 hectares (ha) this is a combination of shopping malls, convention halls, apartments, and kondotel. “We intend to combine business and investment center,” explained Wilson.
In this area, the tower will stand three kondotel, one office tower, plus a six-story shopping center. Tata International was asked to be the first superblock project consultants in this field.
In the early stages, the Light Tower as the developer would build a mall and condominium tower as high as 33 floors. Inside is a 40 unit condominium. “What is selling now around 35 percent,” explained Wilson. Target, the final year can be up to 50 percent.
Rays condominium tower offering price of between Rp 1 billion to $ 1.7 billion. “The number of usually more expensive,” Wilson said. The plan, two top-floor penthouse will be created. Kondotel owners can make as occupancy, or rent them out.
The Company also offers a kiosk or booth at the mall, which has an area of approximately 189 000 m². The system used is a lease, worth Rp 400 million to USD 1.7 billion to lease for 20 years. Of the total 1000 stall, already booked about 45 percent. Carrefour listed as one of the tenants in the mall.
Grand Quarter, Batam
Developer Grand Quarter namely Grand Uway Development, is the result of joint venture company between a local developer in Batam, PT Uway Makmur, along Totonafo Lase and Ansyar Heryadi.
In the superblock project that stands on an area of 15 ha, the Grand Uway will build 18 floors with a capacity of 179 apartment units. The kondotelnya will have up to 11 floors high, contains 280 units. Outside the mall is still there, as well as international convention hall with capacities up to 3000 people.
The main contractor of this project, outside contractors are piling Dragages Singapore Pte Ltd, a subsidiary of French construction company, Bouygues Batimen. The plan, Dragages superblock will build in two phases.
The first phase water park recreation center, kondotel, apartments and convention space. Subsequently, a sports mall, lifestyle center, and clubhouse. Currently they only sell kondotelnya. Grand Quarter is the target investors from Indonesia, Batam, Singapore, Malaysia, to Korea. “Until the end of the year, our target of 10 percent of the condominiums will be sold,” said Totonafo.
Section, existing institutional investors who intend to buy a condo unit 50-10 in the log. “When companies are bought, can make kondotel as property or business assets,” added Totonafo.
Quarter Grand Kondotel dibanderol at Sing $ 85,000 price for the smallest size, or superior, covering 35 square meters (m2). Two other units of the type area of 75 m² suites and executive type area of 110 m², price each 380 000 170 000 Singapore dollar and Singapore dollar.
During the first three years, investors have the right to yield 6% per year, from investment value. After that the system for results. If purchased in cash, investors will get refund (cash back) 3 percent.
The Fame City Walk, Palembang
One superblock pushed into the city of Palembang, South Sumatra. His name, The Fame, City Walk. Developer superblock lifestyle concept that is the Palace of Indah Kenten (IKI Group), a local developer that much play in the housing project.
The integrated area Fame consists of one-stop business area of buildings containing shops, banks and offices. Then in it there is also a Citywalk, containing shopping, dining, and recreational. Available also kondotel and place of the convention.
At launch time, the management of project estimating these properties could provide an increase in property values between 12 percent to 15 percent per year. Unfortunately, until the news was revealed neither side IKI Group management who could give information about the latest news of this project.
Great Investment Opportunity In Indonesia
Irfin Agus Salim, IKI Group’s marketing staff was contacted via phone only a short answer. “The project is still in development,” he said.