The world’s most expensive office areas

Jones Lang LaSalle research reveals the world’s most expensive markets for office space, what industries dominate them and where the future lies  Strong demand from niche financial and technology sectors is driving up the cost of office space in many cities around the globe, but a new analysis by Jones Lang LaSalle (NYSE: JLL) reveals the 12 premier office districts have been the biggest beneficiaries of the trend, witnessing higher competition by companies for space and driving rent prices to … [Read more...]

Property market outlook still buoyant despite currency volatility

Indonesia’s recent economic turmoil has led many short-term investors to exit the country, causing the equity market to fall rapidly and the rupiah to weaken to over 11,500 per US dollar. This change of sentiment was triggered by the US Federal Reserve signaling to the market that it would withdraw its large monetary stimulus and begin “tapering”. Both markets have now recovered somewhat but the spotlight has been shone on emerging economies like Indonesia with current account deficits and overh … [Read more...]

Jakarta Welcomes New Art Hotel Concept

Artotel Indonesia hotel chain unveils its second property in Jakarta following the success of the first Artotel in Surabaya. Strategically located in close proximity to commercial and business districts, Artotel Jakarta Thamrin on Jalan Sunda has recently opened its doors to public. Playing on the words “Art” and “Hotel”, Artotel features contemporary art-influenced designs in the lobby, public areas and hotel rooms. The designs are created by local artists as part of the hotel’s efforts to … [Read more...]

Victory City

As one of several Asian nations enjoying highly favourable economic growth rates, Indonesia is increasingly appearing on the international investment radar. Southeast Asia’s largest economy continues to show a positive outlook for real estate investors, with a growing number of high net worth individuals contributing to a boom in Jakarta’s luxury condominium market. The Indonesian capital has seen significant price increases at the luxury end of the property market this year. According to … [Read more...]

The Stairs

Renowned designer Philippe Starck’s first fully envisioned concept in Asia showcases a private village of 12 limited-edition villas with signature glass skin facades by artists JonOne. Passionate global nomads with taste and assets will soon have a new landmark address to congregate in a communal space in the South Seas.  Introducing The Stairs Villa Hotel, envisioned by Philippe Starck, set for the exclusive Petitenget neighborhood of Seminyak, Bali. Taking direction from the vision of vib … [Read more...]

W Retreat & Spa Bali

neighbourhood Petitenget is the name of the fab lane where designers, artists and socialites, not to mention jetsetters, are often spotted rubbing shoulders in this neck of the woods. It's an eclectic neighbourhood whose establishments form a microcosm of hip Bali – Mantra with its rustic charm, Biku with its modern translation of traditional Balinese, and Potato Head Beach Club with its reputation as the island's concert Mecca. In that context, the existence of W brand in the area only cements … [Read more...]

World’s Most Beautiful Buildings

Straight away we’ll say that this isn’t a top 10 list. There are just far too many styles of buildings, each worthy of a top 50: sacred buildings, homes, skyscrapers, theatres… Instead, this is a list showing the variety of architectural beauty across the globe – and pointing you in the direction of some unforgettable photographic opportunities. Some will argue about the omissions – the Sydney Opera House, the Chrysler Building, Fallingwater – but consider this a starting point, a checklist … [Read more...]

Helsinki: The Design Capital

To the Finns, design is much more than just something pretty – after all, Helsinki was the 2012 World Design Capital. It was no surprise when on a recent visit I saw finessed design elements in rudimentary items from the forksI ate with, glasses I drank from, to chic haircuts and personal street style. They seemed to be designed effortlessly with a bit of fun and whimsy thrown in. “What surprised me the most about my visit to Finland is that Finnish design is not just something that … [Read more...]

World’s Best New Hotels

CONDE NAST TRAVELER LISTS WORLD'S BEST NEW HOTELS (CNN) -- It's a tough life, being one of 36 anonymous reporters for Conde Nast Traveler magazine's annual Hot List. Evaluating hundreds of new hotels around the world, testing rooftop pools, drinking signature cocktails and flickering a judgmental eye over superlative properties. World's best coastal resorts, by continent Yet again this year, that indefatigable crew managed to get through the job. The magazine's 17th annual Hot List … [Read more...]

Analysis: The next boomtowns to focus on

Along with the government’s efforts to spread economic growth to all provinces, the property industry has been keeping a weather eye on the increased demand for residential and commercial estates outside Greater Jakarta. Megalopolitan Jakarta has been experiencing tremendous growth in urban development with improved infrastructure and increasing land values that have extended to areas outside the city. The property boom in Greater Jakarta and its vicinity includes the development of p … [Read more...]