Bandung Property Investment Blog

Bandung Apartments: The Suites at Metro

2011-12-09T18:07:00.000-08:00

As I strolled along Bandung there was this guy giving away flyers of a new and upcoming apartment in Bandung.

The Suites apartement.The developer is Margahayuland with the project location at Jl Soekarno Hatta 693 Bandung, near to Margahayu Metro Complex and Uninus, a private university in that area.

According to the flyer they promised facilities such as 2 swimming pools,a jogging track,laundry,minimarket,atm center, cafe n resto. And a special access card equiped with CCTV camera.It looks as if its already progressing for completion.

To find a good property, the criteria are that you must see the proximity to pubic facilities such as school,hospitals, tol roads,etc. This apartment is relatively close to those facities.

Oya one important thing about flyers,if you see in the very below section,you'll witness a disclaimer saying anything mentioned here are not a part of the purchasing contract so please read carefully.

Cheers

Tresna

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Researching on Property Market Trends in Australia

2011-12-07T22:31:00.001-08:00

If you're a property marketer or economic observer or you just want to see the trends of property market in Australia. Or probably you want to invest property in the kangaroo continent for apartments or housing.

I found this very generous site that would share to us the overview of the Australian property by the cities.

Actually it's a bank site named Westpac. I don't know whether other banks give the same free information.

You can straight away download the property outlook to see the trends and what's going on in the retail or commercial property in Australia.

http://www.westpac.com.au/corporate-banking/research/property-market/

Cheers

Tresna

www.bandungpropertyinvest.com

Tax incurred when buying Property in Indonesia

2011-12-02T18:22:00.000-08:00

When you buy property in Indonesia the price that is explained by the agent is not the actual whole price of the property.

There could be additional costs too.For example taxes. Therefor all these possibilities must be considered and looked upon carefully.

PPN (Pajak Pertambahan Nilai)

Renown as the Value Added Tax or VAT which is 10 %. See your pricelist carefully whether it is included or excluded.

BPHTB(Bea Perolehan Hak atas Tanah dan Bangunan)

To make it simple it means the duty for aquiring land and building rights. It's 5% of the total transaction value that occurs. It's subject to the price of the property after deducted by PPN(see PPN above)

BBN(Bea Balik Nama)

It literally means the duty for Owners name change. Of course you want to have the property with your name as the official owner. There's a cost for it 2% of transaction cost. It will be the buyers obligation, not the seller's.

PPnBM (Pajak Penjualan Barang Mewah)

Is the the tax inccurred for the sales of luxury items. It will become a luxury item if it's value is above Rp 3 million/m2 or above 400m2. It happens only if a buyer buys straight from the developer. A person to person sales doesn't make this tax show up.

So that's all folks.

Tresna

http://www.bandungpropertyinvest.com

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Tips on Buying a home in Jakarta

2011-11-22T23:52:00.000-08:00

House is one of basic human needs. Wherever humans live they definitely need a place to live. And finding a place to live can be a gruesome task to do.

In large cities like Jakarta things can be different. Finding a home was not as easy as imagined. The city is huge, people are living in what they call satellite cities. In those places we are likely to find an affordable home.

These what you call satellite areas are:
• Serpong, known for its BSD region there are plenty of real estate complex there
• Depok, This area is connection from South Jakarta to the outer areas, It
• Bekasi, This area is well known for its many real estate residence and industrial

There are major factors of considerations in choosing the place to call it your home in the Jakarta and Greater Jakarta vicinity.

The major considerations are :
• Choice of location is one of the main considerations in buying a home in Jakarta. First and foremost considerations of course are a flood-free location. Do not be tempted to buy a house at a price but it is a flood area.
• The second consideration is the distance to the workplace. Make sure the location of the house not too far away from the workplace or business district.
• Although for the third criterion is somewhat difficult to meet in Jakarta because now the average new housing on the outskirts of Jakarta. But this is not a problem. Make sure the location of a home away from work has been supported by adequate transportation facilities, such as access busway or KRL.
• The fourth consideration is the location of facilities, such as educational facilities, health/hospitals, markets, sports facilities, and others. The house is not too far from the educational facility would be of great help our children to reach it easily.

The Build vs Buying Decision

You may have the money, but don’t have the time to supervise and build your own house. What should you do.
Actually there are two options to have a place to live is to build it yourself and buy a home. All have their plus and minuses.

Building your own:
+ Lower cost
+ Easier to determine the appropriate design of the house owner wishes
- Difficult to get land in the right location
- High land prices
- Difficult to foreclosure proceedings in other words there’s alota paper work must be done.

Buying a house:
+ Easy mortgage process
+ Quick process, can be directly assigned
- Price can be costly but can also be competitive
- Design of houses already given, only little adjustments can be made

From some of the considerations above in my opinion wiser choice to buy a house. Especially for those of you who really is the immigrant population. But if you already have the land ready to build, building will be a nice of interest to you.

In Jakarta your major options to live can be:
1. Bintaro Area-> has good access Jakarta Outer Ring Road –JORR, KRL, beautiful environment
2. BSD Area-> There’s an access expressway, JORR, evolving environment
3. Depok Area -> price is cheaper than bintaro and BSD, near major campuses
4. In the heart of Jakarta -> your option will probably be an apartment or kostal/boarding places (or called koskosan) lower prices, access to toll in the city
So now it falls upon you to decide.

The writer owner is Tresnadi, has a Certified Property Analyst (CPA) from Panangian School of Property in and was in the first class.

Tips Before Buying Real Estate in the Philippines

2011-11-22T23:49:00.000-08:00

First of all I did not write this article its from a another source.I totally respect it and put the original link below

Tresna

Tips Before Buying Real Estate in the Philippines

Here are tips a buyer must remember before buying any property in the Philippines, specially if you are buying a single property from an individual:

1. Make sure the "Transfer Certificate of Title" is authentic. The easiest way to check if the title to the property you are buying is authentic is by getting "Certified True Copy" of the title from the Register of Deeds. This office is usually located at the city or municipal hall where the property is located. Ask the seller of the property for a photocopy of the title -you will need the title number and the name of the owner to get a certified true copy of the title from the Register of Deeds.

2. Verify that title is clean - meaning the property is not mortgaged (no liens & encumbrances on the property). You can see that at the back of the title with the heading "Encumbrances". This page must be empty if you are told that the title is "clean". But sometimes the space for the technical description of the property on the front page of the title is not enough and the description of the property is continued on the "Encumbrances" page, this is of course all right.

3. Make sure that the land described on the title is really the land that you are buying. You can validate this at the Register of Deeds or by hiring a private land surveyor or a geodetic engineer. Land titles don't have any street name and number to pin point a property, it is a must to confirm that the actual property you are buying matches the technical description on the Transfer Certificate of Title.

4. Make sure that the sellers are the real owners. If you are buying from an individual property owner, ask for identification papers like passport or driver's license, it is also a good idea to talk to the neighbors or the Barangay Captain to confirm the identity of the sellers (you might as well ask some history of the property).

5. Confirm that the yearly real estate taxes are paid. Ask for certified true copies of the Tax Declaration and original Tax Receipts to confirm that real estate tax payments are up to date.

If the above check list is in order, it is generally safe to proceed with the purchase of real estate in the Philippines.

source:
http://real-estate-guide.philsite.net

How to find Good Property in Singapore

2010-11-04T01:52:00.000-07:00

Finding hot property in Singapore is not such a hard task. There are plenty residential apartments but the price are going higher and higher each day.

But because of the level of well educated people in Singapore are high, this constitutes to the high usage of the internet as the source of information finding property.

If you were in expat living in Singapore I would suggest to read this article about expat's guide to finding property.
If you are serious investor and really finding hot property in Singapore this hot Singpore property site is good start or you could also check out this other hot Singapore property site.

Hope your investment become a success. A good thing investing in property is that you can use your banks money to get it and with the right management to rapidly start the cashflow (start making money by renting it) and it will a matter of years or months your investment will reach Rate of Return.

Cheers

Bandung Property

First Residential Apartement in Jatinangor

2010-11-04T00:51:00.000-07:00

Jatinangor is an area in the eastern city of Bandung, is one of the 26 Districts in Sumedang regency, West Java Province, Indonesia. Previously named District Cikeruh but since 2000 renamed Jatinangor district with the reason that name was more familiar and more popularly known to the general public.

Pic 1. A prospective apartment in Jatinangor. A good investment since there are thousands of students learning in Jatinangor and needs a place to stay.

Jatinangor itself is a block plantation at the foot of Mount Manglayang who then made the complex a number of college campuses, including University of Padjadjaran.

Jatinangor region has an area of 26.20 km2 + with the characteristic urban areas nearly 80% of the total 12 villages, includes 4 Village agrarian region (Cileles, Cilayung, Jatiroke, Jatimukti), 4 Village area of education (Hegarmanah, Cikeruh, honey, Cibeusi) and 4 Village industrial park (Cisempur, Cintamulya, Cipacing, Mekargalih).

Currently Jatinangor known as one of the area of Education in West Java. Imagery is a direct impact development campus several higher education institutions in this subdistrict. The college currently has campuses in Jatinangor namely:
Padjadjaran University (Padjadjaran University) in the Village and Village Hegarmanah Cikeruh.
Institute of Public Administration (IPDN) in the Village Cibeusi. Previously named School of Public Administration (STPDN).

Institus Koperasi Indonesia (Ikopin) in the Village Cibeusi.
University Winaya Mukti (Unwim) in the village of Darling.
Academy of Information Management and Computers (AMIK) in the village of Al-Ma'soem Cipacing.

Due to the presence of building the campus and factories, Jatinangor also experiencing rapid physical development. As well as affecting other agricultural land in Java, many farms in Jatinangor who changed into a rented house for students or shopping mall. One of the famous today is Jatinangor Town Square shopping center (JATOS) and Plaza Pajajaran.

The tourism object in Jatinangor includes Kiara Campgrounds and Bandung Giri Gahana Umbrella (Golf Resort). Even so, in fact most of the land the camp is located in the region Kiara Umbrella Tanjungsari District. In addition, Highway Jatinangor along 4.83 km of connecting Bandung with Sumedang a fragment from De Groote Postweg (Post Road) made by Herman Willem Daendels in 1808.

Put Your Property Here

2010-11-04T00:39:00.000-07:00

If you have a property whether it is in Bandung or any other places please write it down below as a comment.

It can be :
- House or apartment for rent
- House/apartment for sale
- Industrial Estate
- Boarding house (kos-kosan) , I call it Kostal places.

The benefits are you will be called because of exposure . And hopefully you will make that deal.

Remember as Kiyosaki always said :
"Try to look at good offers not with your eyes but with your mind"

A property poorly managed which goes low can be changed by you by managing it well.

Thank you

Bandung Property

A New Townhouse in the Sukarno Hatta Area

2010-11-03T23:04:00.000-07:00

There's this new townhouse in Bandung where it is cool and looks like a good investment. All real estate is good as an investment as long as you maintain it properly.

The Metro Sukarno Hatta area is relatively a developed area of Bandung where there are many residential areas and facilities to support them.

The best thing you can do to it if it is your second home is to rent it so you can generate income from it.

The most important thing of an investment is how fast can you create money from it. Or how fast can it put money into my pocket.

Happy investing

Bandung Property

Batununggal Estate the Established Estate in Bandung

2010-11-03T22:48:00.000-07:00

Batununggal is one of the most established real estate in Bandung. It is known for the big houses, the large soccer field where the residence relax and play. It also has supermarkets and many types of services surroundings the complex.

This estate has complete facilities and it is very good investment because it is so close to the Buahbatu toll entrance.

It is also close to the Buahbatu outlet center where tourist shop for factory outlet wear and enjoy the culinary shops there.

But there are some things that can be improved here in Batununggal which are well water quality; you must consult with your water purifier agent and there are also security issues which are relative in all real estates in Bandung.

But overall this is a very good investment.

Bandung Property

What happens if a Company wants to buy land in Indonesia. ?

2010-01-08T16:36:00.000-08:00

Buying land in Indonesia has some regulations tit tied to it. Especially if you are a company. Before we purchase a land or property we must understand some basic rights(HAK).

There are a couple type of rights in owning property in Indonesia (mentioned in the uniformed property act, we will list three of them as below:

Hak Milik – HM (Owners Rights), the highest level of rights in Indonesia. This rights can be inherited and is diminished for reasons of voluntary, the land vanished or the land is sold.This rights can be inherited and for the time being only Indonesian Citizens has these rights.
Hak Guna Bangunan-HGB (Building Use Rights)- This rights is the right that is given to the government to utilize a land to be used for agricultural, industrial, livestock and commercial business.This rights status is a time based right for maximum 30 years and can be extended to another 20 years and can be used for private use such as building a home.
Hak Pakai (Utilizing Rights) – is the rights status to utilize or get the goods from a land that is owned by the state or individual that is certified by the PPAT (the Authorized Land Act Certifier). It is usually for 10 years of utilization of land.

The Case : A company wants to buy land.

If you as an owner owns a land which has a rights status of Hak Milik (owner’s right) and a certain company is interested in buying that land for the commercial use of the company. Can the company purchase it from you?

No, it cannot. Because a company can only buy a property that is categorized as HGB. So you as the land owner, must convert the land from the Hak Milik status in to the HGB status. There is a fee for converting this at the PPAT. Usually the cost of this conversion is subjected to the buyer in this case the company that wants to buy your property.

Tresna

bandung property

Property Demand will increase in 2010

2009-12-19T12:20:00.000-08:00

Request property sector is expected to increase in 2010. The potential increase in property demand is supported including lowering of interest rate mortgages (mortgage).

"So, it's time to invest in," said Director of PT Bahana TCW Investment Management Budi Hikmat in a discussion in Jakarta, Wednesday, November 18, 2009.

Budi explains, the rupiah will also potentially strengthen against the U.S. dollar led to a target number of companies this year achieved. "In 2010 the liquidity will increase, so that positive trend," he said.

Excess liquidity, he continued, also can cause the lowering of interest rates. "It is stimulating domestic spending," said Budi.

However, the Director of PT Mandiri Manajemen Investasi Andreas Muljadi reminded, the inflation rate could reach 8-9 percent next year.

The reason, according to Andreas is inadequate distribution channels.

"As a result, transportation becomes expensive and still small numbers of harbors, preventing the smooth flow of goods," he said.

Interest rates reached 6,5-7 percent, Andreas continues, indeed a cursory low. "But for the regional, is still high," he said.

These conditions will affect the commodities industry, raw materials, and transportation. He also agreed, the property sector will experience increased demand.

Source: VivaNews

Bandung Property

A Subsidised Apartment

2009-11-23T00:59:00.000-08:00

I found this brochure about this subsided apartment at Cihampelas Area. Quite cheap.This goal is for the people with not much money for buying property, but it turns out to be an investment instrument for the haves.Anyways, its a good investment.

Bandung Property

Housing Residence in Bandung

2009-10-20T20:35:00.000-07:00

There is plenty of Housing Residence around Bandung; there are lots and lots of it. Some are in compliance with regulatory requirements, some not. Some are members of associations related to property such as REI (Real Estate Indonesia) and others are single fighter contractors.

The consultants that share and create these real estates are members of the Consultant Association of Indonesia known as Inkindo (Ikatan Konsultan Indonesia). The benefit of being a member of these associations is that the members are well known.

The Soekarno-Hatta area including gede bage :
Pratama Asri, D’casa grande, Cipaganti rahayu regency, Graha batu karang, Cipta pesona batu karang, Saturnus regency, Alamanda asri, Bumi adipura, Griya cempaka arum, Bandung inten indah, Bumi panyileukan, Bumi panyawangan, Pinus regency, Batununggal Indah, Graha bukit raya, Saluyu residence, Graha panyileukan asri

Ujung berung and sorrounding:
Ujung berung regency, Villa pasir wangi, Tamansari manglayang regency, Cipaganti dreamland, Bumi asri, Cibiru asri, Bumi orange, Permata biru, Griya mitra cinunuk
Eastern Bandung before Ujung berung (Suci, antapani, arcamanik):
Surapati core, Puri jatihandap residence, Jatihandap regency, Green valley residence, Jatihandap city view, The green padasuka, Pasir layung asri, Giri mekar permai, Arcamanik raya, Nirwana, Anggrek residence, Bandung city view, Tamansari Bukit Bandung, Green Hills Jatihandap.

The Sariwangi Area :
Sariwangi city view, Puncak sariwangi, Griya Amanda, Sariwangi regency, Cihanjuang regency

Dago(Ir H.Juanda Street) and sorrounding:
Cigadung permai, Bojong koneng makmur, Alamanda

Southern Bandung (dayeuhkolot, buah batu, kopo dan sorrounding):
Taman kopo indah (TKI I,II,III), Taman cibaduyut indah, Cijagra indah, Permata sukamukti, Buah batu regency, Permata buah batu, Graha rancamanyar, Permata kopo, Bojong malaka indah, D’amerta, Graha sari endah

The Banjaran :
Griya permata indah,
Soreang Padalarang:
Pondok padalarang indah, Kota baru parahyangan, Graha padalarang indah
Cigondewah:
Rahayu, the garden residence
Cimahi Area :
Puspa regency batujajar, Graha marga asih

Subsidised Apartement in Bandung:
Sanggar hurip (Soekarno hatta area) in Sanggar kencana, Buah batu apartmen park, Kopo Apartments, The edge in Cimahi

Bandung Property

Tips on Selling Property and doing transaction In Indonesia

2008-02-07T19:19:00.000-08:00

These are a few tips when dealing property in Indonesia :

Make sure it is in good condition. Repainting the walls, fixing leaks, door knobs and mowing the lawn are some list of work that must be done. If it is in superb condition, as the owner we will have confidence while presenting the property. And in whole it will give a higher perceived value.

Determining the right market value. This is not an easy task. Whether you want to sell your property or open it for rent, the determining the right price is a challenging task to do. It would not hurt if you ask the market value in your area with a specific condition. That’s the easy way. For more precise valuing of property than you can appoint a property appraiser consultant.

The status of Ownership is also an important thing to know. In Indonesia there are largely 2 known different types .They are SHM (Sertifikat Hak Milik –Total Ownership Certificate), foreigners are prohibited to own with this Rights .The other one is HGB (Hak Guna Bangunan – Right for Utilizing the Building) which means we have to extend the Right for a certain period of 20- 30 years. There are also Hak Guna Usaha (Commercial Use Rights) and Hak Pakai (Use Rights).

Knowing the tax incurred in a transaction is important. For property selling in Indonesia, you will be charged 5% x NJOP or transaction value , which ever is higher. NJOP stands for Nilai Jual Obyek Pajak which means Selling Value of a Tax Object.

Finding the right Authorities for transaction. In Indonesia it is known as PPAT (Pejabat Pembuatan Akte Tanah – Authority Creator of Land Act ). Usually the firm has a certified license to do transaction of property. The firm also usually is a notary. The cost of such service has a variety depending on each case. Minimum payment is around Rp 1.000.000,- equivalent to : USD 107 . This cost includes all the legal documents that will be created upon transaction. This cost is also assuming that we have already prepared the right documents.

Some documents that we usually must prepare are : KTP (Kartu Tanda Penduduk - Permanent Resident ID), KK (Kartu Keluarga – The Family List Card legalized), Buku Nikah (Official Marriage Certificate) for married couples, the IMB (Izin Mendirikan Bangunan – License to Build a Building).

The final day of transaction called the signing of AJB (Akta Jual Beli –The Buy Cell Certificate). A legitimate transaction of property must coincide the data that is kept in the BPN (Badan Pertanahan Nasional – National Land Authority) to avoid false transaction by parties not owning the property.

Editor

Bandung Property

Welcome To Bandung Property Blog

2008-02-04T10:43:00.000-08:00

This is the first article of this Blog. This Blog is dedicated for giving information regarding Investing in Property or Real Estate at whole. And especially (wabilkhusus) property investment in Bandung Indonesia

http://bandung-property.blogspot.com