Category: Indonesia

Top Real Estate Agencies in Bali: The Ultimate Guide

Posted on by Marcus Sohlberg — 1 Comment

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Bali is one of the most visited resort islands in the world, even if Indonesian property regulations aren’t the most favorable to foreigners, many investors decide to buy properties here.

Despite its size, you can find a number of real estate agents in Bali, owned by locals and foreigners, but you rarely find summarized information about the agents. Therefore, I decided to write this article where I list some of the biggest and most popular real estate agencies in Bali.

Let’s have a look.

1. Ray White

Ray White is a leader in the Indonesian housing market. Founded in 1902 in Queensland, Australia, Ray White has expanded worldwide over the years. However, the group still remains family-owned and has passed on its leadership to the third generation leaders: Brian White and Paul White.

Brian White joined the company in 1962 after completing an economics degree at Queensland University and took over as the managing director in 1976. Prior to joining the family business, his brother, Paul White worked in rural Queensland running cattle and grain property. He is now responsible for Ray White Rural for rural properties. The fourth-generation leaders also serve on the board of directors.

In 2004, the Bali office opened in Kuta and now has 20 staff. They cooperate with several developers to market their properties, such as The Rich Prada, TAUM Aston Seminyak, Legian Nirwana, New Kuta Condotel, and others.

In 2015, Ray White Kuta won the Favorite Bali Property Agency award from Rumah123.com.

Property types

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Top Real Estate Agencies in Jakarta: The Ultimate Guide

Posted on by Marcus Sohlberg — 6 Comments

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Jakarta is the capital and economic powerhouse of Indonesia, even if regulations are not as favorable to foreigners compared to other countries in the region, many investors want to explore the opportunities to invest here.

Most international real estate companies have established offices here, you can also find local agencies that are ready to help both locals and foreigners. Finding a reputable real estate agent is the key to minimize risks when you buy property in a developing country in Indonesia. Therefore, I’ve written this article where I list some of the biggest and most popular agencies in Jakarta.

Introductory remark

The real estate agents are listed in a random order.

1. Brighton Indonesia

Brighton has grown much since its inception in 2011, starting with one office and 20 professionals, the company currently has more than 1200 agents working in 20 different offices, all over Indonesia. It’s a franchise company with presence in Jakarta and a number of other cities.

Property types

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Top Real Estate Agencies in Indonesia: The Definitive Guide

Posted on by Marcus Sohlberg — 10 Comments

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Indonesia is the most populous and the richest country in Southeast Asia. The country is predicted to become an economic powerhouse in the future and has a rapidly growing middle class.

However, regulations are still not favorable to foreigners, but the government won’t have any other options than to change these, if Indonesia is to compete with other countries in the region. Once it does, the property market is expected to boom. Many foreigners, especially the Chinese, have understood this and decided to enter the market in an early stage.

You can find many international but also local real estate agencies in the country, especially in the capital Jakarta. But it’s not easy to find summarized information about the companies. Therefore I’ve written this article where I list some of the biggest and most popular real estate agencies in Indonesia. Let’s have a look.

Introductory remark

The real estate agencies are listed in a random order.

1. JLL Indonesia

JLL, also known as Jones Lang LaSalle, is a leading global brand and Fortune 500 company based in the United States. The company has a presence in 80 countries and currently employs around 80,000 people in 300 offices across the globe. It’s also one of the largest real estate agencies in Asia with 32,000 employees and 83 offices in 16 countries.

JLL is ranked as the second largest real estate agency in the world after CBRE Group, in terms of annual revenue. The head office of JLL Indonesia is situated in Jakarta and with two additional offices in Bali and Surabaya.

So who’s heading JLL Indonesia?

Continue reading Top Real Estate Agencies in Indonesia: The Definitive Guide

How to Buy Property in Jakarta: A Complete Guide

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Suggestion: Watch the 5 minutes video tutorial before reading this article

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With a population of around 30 million people, Jakarta is set to boom once the government changes the regulations of foreign ownership. But ownership regulations are not very transparent nor favorable, compared to other countries in the region, which has resulted in a more passive approach.

Still, many foreigners have already decided to invest here, as they’ve seen the great potentials that will follow the coming years.

In this article, I explain more about Jakarta’s property market, about local property developers and which areas you should have a look at when buying property.

Jakarta real estate market

It’s important that you understand how healthy the market is where you plan to buy property. You don’t want to buy at the peak and see your property value slump after just a couple of years.

So how’s it going in Jakarta?

Property is still undervalued according to many investors, including the Chinese, who plays a big role in its neighboring countries. Indonesia has a huge consumer market, a continuously growing middle class, which has resulted in a great shortage of property as well.

But the market has been stagnating for some years now, in fact, the demand and occupancy rate has decreased by double digits. A weakened demand from the Chinese and the introduction of a 20% luxury for properties worth more than USD 750.000 are two reasons.

Unfavorable regulations of foreign ownership discourage buyers

Regulations of foreign ownership is not very favorable (see my separate guide about buying property in Indonesia), and another reason why foreigners have been discouraged to buy.

Foreigners can’t get freehold ownership, not even of condos. Instead, they need to deal with a number of other title structures that give them the right to either use or lease.

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Top 10 Property Developers in Indonesia: A Complete Guide

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Even if Asians and expats prefer to buy new property in Southeast Asia, Indonesia is one of a few countries where you have no option than to buy directly from developers.

In this article, I list some of the biggest property developers in Indonesia, many of them with headquarters in Jakarta:

  • Agung Podomoro Land
  • Lippo Group
  • Sinas Mas Land
  • Agung Sedayu Group
  • RDTX Group
  • Ciputra Group
  • Duta Anggada Realty
  • Permata Birama Sakti
  • PP Properti
  • Tokyu Land Indonesia

1. Agung Podomoro Land Tbk PT

Founded by Anton Haliman in 1969, Agung Podomoro Group is one of the top developers in Indonesia, known for building large scale projects. It’s property arm APLP is a relatively new subsidiary founded in 2004, but has already won several awards in the last few years, including the best developer in 2017 by BCI.

So far, they’ve completed more than 70 residential projects.

Property types

APLN develops mostly residential projects including townships, large scale villages, integrated development projects, and high-rise apartments. They’ve also developed a few industrial parks along with other commercial, retail and leisure properties.

Current projects

  • Orchard Park
  • Podomoro Golf
  • Metro Park Residence
  • Makassar Project
  • Borneo Bay Residence
  • Future projects
  • Pluit City
  • SOHO City
  • Harco Glodok
  • Plaza Kenari Mas
  • Vimala Hills

Prices & Areas

a. The price of a house in the Podomoro City ranges from around USD 1.5 – 2 million

b. The price of a 630 square meter house in Kuningan City is around USD 3 million

2. Lippo Group

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