Cosmas Batubara: National Housing Mastermind

Interview by Aulia R. Sungkar Photos by Bagus Tri Laksono Originally published in the 14th anniversary edition of Indonesia Design, Dec 2017. Cosmas Batubara is one of the most consistent figures when it comes to playing a role in the country’s property development. He once took roles as minister of public housing and minister of manpower during the late Soeharto’s administration, and has until today involved with numerous property projects. His long-standing experience, outstanding leaders … [Read more...]

InterContinental Bandung: The Green Sanctuary

Words: Aulia R. Sungkar. Photos: Ricky Adrian. Originally published in Indonesia Design, Oct-Nov 2017 edition. Beautifully nestled on the hill of Dago Pakar, this InterContinental Hotel has become the pride of Bandung for its green design and natural surroundings, along with facilities that cater to those seeking leisure, MICE and wedding destinations. Heading northwest of Bandung will take you to a pine forest and natural park popularly known as Dago Pakar. This is where your eyes … [Read more...]

Eddy Hussy: Hard work, perseverance formula for winning in future

Text & photo: Aulia R. Sungkar. Originally published in The Jakarta Post. At the helm of a national developers'€™ association, Eddy Hussy is communicating his expertise and leadership know-how as a means of striving to reshape Indonesia'€™s property sector. Eddy Hussy believes that strength comes from the efforts of hard work and determination. As such, his belief has become the bedrock of what he refers to as his leadership approach to managing some 3,000 developers under the aus … [Read more...]

Setiawan Mardjuki: Instilling appreciation for different cultures

Setiawan Mardjuki is shaping up locals to become internationally minded human resources that will contribute to the growth of hospitality properties. Indonesia has numerous resources and potential to advance its tourist sector, and Setiawan Mardjuki takes great delight in his role in the extensive development of the Tanjung Lesung Resort in Banten province. “We are building an integrated coastal tourist hub on 1,500 hectares of land. It’s five times bigger than Nusa Dua in Bali. The area’s … [Read more...]

Heading out for townships as alternatives to city living

With the country’s improved economy, Indonesia is experiencing a growing middle class with higher purchasing power parity. Correspondingly, a number of property developers are looking to capitalize on the abundant opportunities with integrated township developments taking shape on the outskirts of larger cities, such as Jakarta and Surabaya. To property developers, an independent city or township is a business venture offering middle and upper class consumers an alternative to city living. F … [Read more...]

Ivada L. Santoso: It’s who you know: Understanding your network and what they need

The CEO of Prakarsa Semesta Alam and marketing director of Sekar Artha Sentosa, both apartment projects, puts that success down to understanding her network and the market. Marketing and networking are two inseparable sources in selling high-value products, especially property,” Ivada said of reaching out to prospective customers and investors. “If you do it right, you can educate them to become buyers and investors.” Educating consumers and investors means informing them that the produ … [Read more...]

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...]

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...]