2. PROPERTI
RSH
Subsidi
Rusunami
Perumahan
Landed Houses
Non Subsidi
Vertical Houses/
High Rise
Perkantoran
Pusat Belanja
Resort / Hotel
3. SEGMENTASI PASAR
PERUMAHAN
ATAS ATAS
2000jt
ATAS
1000jt FORMAL
MENENGAH
MENENGA
500jt SECTOR
H BAWAH
150jt
RUSUNAMI SUBSIDI &
RS NON SUBSIDI
55jt
RSH SUBSIDI
BAWAH
RENTAL
INFORMAL
SECTOR
SOCIAL
4. PREDIKSI 2009 – SEKTOR
PERUMAHAN
INDIKATOR EKONOMI
◦ Subsidi: Tahun 2008 = 800 M
Tahun 2009 = 2.500 M
◦ ASUMSI APBN tahun 2009
- Growth Tahun 2009 = 6,2 %
- Inflasi Tahun 2009 = 6,5 %
- BI Rate Tahun 2009 = 8,5 %
5.
6. BI Rate tahun 2008
10
9
%
8
7
Jan Feb Mar Apr Mei Jun Jul Agst Sep Okt Nov Des
Tahun 2008
7. Low Cost Apartment
Developments
Government of Indonesia’s Vision:
New 1000 towers of low cost apartments in the next 5 years
◦ 60% in the Greater Jakarta
High rise apartment towers
◦ 40% outside the Greater Jakarta
Walk up apartments (Low Rise/Medium Rise)
More than 500 hectare of land bank required for these new
developments
◦ Government/state land
PP 06/2006: state land selling price must be higher than NJOP
PP 38/2008: state land selling price could be lower than NJOP
as long as for low cost apartment developments
◦ Land consolidation/urban renewals
◦ Private land
7
8. Development Progress
PROGRESS OF LOW COST APARTMENT DEVELOPMENT PROGRAM
31 September 2008
I. GREATER JAKARTA
NO. LOCATION DEVELOPER Area ( ha ) TOWER UNIT
Pulo Gebang PT. Primaland Internusa Development 0,4 1 390
1
Cawang PT. CHD 0,5 1 731
2
Penggilingan Cakung PT. Nusuno Karya 1,1 3 444
3
Cibubur Jaktim PT. Rajawali Core Indonesia 0,46 4 471
4
5 Cipayung PT. Bina kualita Teknik 6,8 6 2400
6 Jl. Arjuna, Kebun Jeruk Jakbar PT. Anggana Development 0,5 1 684
7 Kebagusan, Jakarta Selatan PT. Perdana Gapura Prima, Tbk 5 5 2000
Perumahan Modernland,
8 PT. Modernland Realty, Tbk 1,7 3 1200
Tanggerang
9 Jl. Pegangsaan II Kelapa Gading PT. Tiara Metropolitan Jaya 4 17 6380
8
9. Development Progress
NO. LOCATION DEVELOPER Area ( ha ) TOWER UNIT
10 Ciledug PT. Binakarya Jaya Abadi 0,74 1 1000
11 Pulo Gebang PT. Bakrieland Development 3 6 2300
12 Daan Mogot km.14 Jakbar PT. Inten Cipta Sakti 4,7 3 3200
13 Pulo jahe, Jatinegara, Jaktim PT. Cakra Sarana Persada 3,5 6 3070
14 Megacity PT. Mahkota Kemayoran Realty 22 68 24000
15 Pancoran Residence, Jaksel PT. Graha Reyhan Triputra 6 7 5400
16 Jababeka PT. Graha Buana Cikarang 10 20 3000
17 Apartemen Bintaro hijau PT. Bintaro Hijau Lestari 2 3 2000
18 Gading icon PT. Mahardika 3,3 6 3000
19 Pesanggrahan PT. Esta Sarana Lestari 1,7 8 1500
20 Kelapa Gading PT. Mahardika Propertindo 3 8 3200
21 Menara Latumeten PT. Anggana Margahayuland 1,1 2 1400
9
10. Development Progress
NO. LOCATION DEVELOPER Area ( ha ) TOWER UNIT
22 Cengkareng PT. Reka Rumanda Agung 3,7 10 3946
23 Menara Pekayon PT. Kasama Ganda 2,4 6 2400
24 Kalibata Residence PT. Pradani Sukses Abadi 12,7 45 16100
25 PT. Satwika Permai Indah 2 4 576
26 Ciledug PT. Sari Indah Lestari 1,2 3 1200
27 Depok PT. Mahardika Propertindo 1 3 990
28 Bintaro PT. Bahama Development 1,8 3 1550
29 PT. Arsidinamika Cipta 1,4 2 864
30 PT. Bangun Megah Pratama 2 3 2990
TOTAL 109,7 258 98386
10
11. Development Progress
I. OTHER CITIES
NO. LOCATION DEVELOPER Area ( ha ) TOWER UNIT
1 Batam PT. Dimas Pratama Indah 14 36 5000
2 Bandung 23 5000
11
12. KEPEMILIKAN HUNIAN UNTUK
ORANG ASING
Hak pakai 25 tahun 70 tahun
Hunian Baru
Batasan Harga Minimal ( USD 100,000 )
Batasan Jumlah per Kawasan @ tower
(max.49%)
◦ POTENSI :
10.000 unit/tahun @ USD 250,000 / unit
- USD 2,500 million/tahun
Expenses/year
TAX
Penyerapan tenaga kerja
Dll… 12
14. Jakarta CBD Office Market
Construction of new office buildings has been active since 2005, spurred by
tenant expansions.
Average occupancy increased from 79% in 2004 to 88% as of end April 2008.
Average base rental rates in USD increased by 4 % per year during that period.
The market is cautious due to high level of future supply of 530,000 sqm, to be
completed by end 2009.
JAKARTA CBD OFFICE MARKET
CUMULATIVE SUPPLY, DEMAND, OCCUPANCY
Cumulative Supply, Demand (in sq.m) Occupancy Rate
4,500,000 90%
4,000,000 88%
3,500,000 86%
3,000,000 83%
2,500,000 81%
2,000,000 79%
1,500,000 77%
1,000,000 74%
500,000 72%
0 70%
2003 2004 2005 2006 2007 08Q1 2008P 2009P
Cumulative Supply Cumulative Demand Occupancy Rate
Procon Indah/Savills Research, April 2008
15. Jakarta Retail Market
Strong consumer spending post economic crisis 1997-2001 has enticed
developers to build new retail centers.
Massive new strata title retail space completed since 2003 has push
down the average occupancy from 86 % in 2003 to 78% in 2007.
Prime shopping malls with strong retail concept and tenancy mix,
however, managed to maintain beyond 90% occupancy levels
Cumulativ e Supply and Demand (in sq.m) Occupancy Rate
3,500,000 88%
86%
3,000,000
84%
2,500,000
82%
2,000,000
80%
1,500,000
78%
1,000,000
76%
500,000 74%
- 72%
2003 2004 2005 2006 2007 08Q1 2008P 2009P
Cumulativ e Supply Cumulativ e Demand Occupancy Rate
Procon Indah/Savills Research, April 2008
15
16. Jakarta Strata Title Apartment
Market
New supply continues to enter the market. Total cumulative existing supply
was 60,313 units at the end of March 2008, of which 95% have been sold
Middle price segment dominated the market.
Despite large amount of future supply, developers continue to launch new
projects
Average occupancy level decreased, but more Indonesian currently lives in
strata title apartments. Sales Rate
Cumulative Supply & Demand (in units)
90,000 100%
80,000
80%
70,000
60,000
60%
50,000
40,000
40%
30,000
20,000 20%
10,000
0 0%
2003 2004 2005 2006 2007 2008 2009P
Cumulative Supply Cumulative Demand Sales Rate
16
17. Greater Jakarta Residential Estate
Market
Landed residential developments remain active, evidenced by the
increase of developed area as a result of new housing clusters
launched.
Tangerang/West Jakarta continued to enjoy the highest monthly take up
due to better accessibility and good supporting infrastructure.
Land price, sales rate and occupancy rate remained stable over the
past 6 months. JABOTABEK RESIDENTIAL MARKET
PLANNED AND DEVELOPED AREA
hectares
45,000 90.0%
40,000 80.0%
35,000 70.0%
30,000 60.0%
25,000 50.0%
20,000 40.0%
15,000 30.0%
10,000 20.0%
5,000 10.0%
- 0.0%
2002 2003 2004 2005 2006 2007 08Q1
Planned Area Developed Area
Propotion of Developed Area (%) Sales Rate
Procon Indah/Savills Research, April 2008
17
18. Regional Property Market
Overview
Rents of office and retail space in Jakarta are considered low compared
to those located in other Asian major cities.
Prime Offices Rents, 1 Jan 2008
US$ per sq.m. net per mth.
250
200
150
100
50
0
Tokyo
Hong Kong
Singapore
HCMC
Beijing
Guangzhou
Shenzhen
Jakarta
Lumpur
Seoul
Shanghai
Taipei
Hanoi
Kuala
Source: Savills Research & Consultancy
18
19. Regional Property Market
Overview
Prime Retail Mall Rents, 1 Jan 2008
US$ per sq.m. net per mth.
900
800
700
600
500
400
300
200
100
0
Tokyo
HCMC
Hong Kong
Hanoi
Lumpur
Singapore
Taipei
Guangzhou
Shanghai
Seoul
Beijing
Jakarta
Kuala
Source: Savills Research & Consultancy
19
20. New Trends:
Retail Center Developments
Outside Java
Growing middle income segment of Indonesian population
Good potential for new retail centers in the cities outside Java
with 500,000 – 1,000,000 population
Socio-Economic Survey * in Indonesia, 2001-2006
100%
90%
80%
A (Above Rp2 mil/month)
70%
B (Rp1.5-2 mil/month)
Percentage
60%
C1 (Rp1.0-1.5 mil/month)
50%
C2 (Rp 0.7-1.5 mil/month)
40%
D (Rp0.5-0.7 mil/month)
30%
E (Below Rp 0.5 mil/month)
20%
10%
0%
2001 2002 2003 2004 2005 2006
Year
*AC Nielsen Socio-Economic Survey is based on monthly household
expenditure, not actual income.
20
21. KESIMPULAN
Memperhatikan indikator yang ada
maka diprediksi industri properti
Indonesia tahun 2009 akan tumbuh
cukup signifikan terutama sektor
perumahan, lebih khusus sub sektor
perumahan bersubsidi.
Sektor komersial, khususnya pusat
belanja akan tumbuh di kota-kota
sedang (500.000 – 1.000.000) baik di
Jawa maupun di luar Jawa. 21
22. KESIMPULAN
Bila kepemilikan hunian bagi orang
asing bisa disetujui mendapat
kemudahan, maka bisa diharapkan
beberapa kota akan mendapat
dampak positif yang cukup signifikan,
misalnya Jakarta, Bali dan Batam.
22
23. TERIMA KASIH
F. TEGUH SATRIA
ersatuan Perusahaan RealEstat Indonesia (REI)
23
ewan Pengurus Pusat (DPP)
