government apartment Housing and Development Board

The number of Singaporeans who live in government apartments Housing and Development Board (Institute of Development and Housing) increased. Based on the last household survey conducted HDB Singapore, the number of Singapore citizens and permanent residents who inhabit the flats, up 2.7 percent in the last 5 years, to 2.92 million in 2008.

This figure is 96 per cent of the total population living in Singapore HDB flat. Four percent are foreigners, including domestic servants and tenants.

Average HDB apartment dwellers also currently over the age of 37 years. Compare 20 years ago, the average residents of the HDB flats of 30 years.

The average life expectancy is longer cause the proportion of population aged 65 years and over, increased from 5.4 percent in 1987 to 9.8 percent in 2008.

HDB as a proportion of the population of educated workers also increased by a third. Proportion of population living in HDB flat and white-collar work also rose from 29.5 percent in 1998 to 34.5 percent in 2008.

The average income of residents of the HDB flat in 4239 Singapore dollars in 2003. HDB mentioned, this figure rose to 5680 Singapore dollars in 2008, and reflects the increasing prosperity of the inhabitants.

This survey also shows more than 95 percent of HDB flat dwellers were satisfied with the condition of the apartment and their neighbors. Approximately 80 percent of homeowners indicate that they are proud of their apartment, and about 85 percent of apartment owners feel they have value for money.

During the next two months, the HDB will release mentions other findings about parents and family welfare, and social welfare of the residents. (Channel News Asia)

Why Property in Malaysia is interesting for foreigners?

In the last 20 years, the property industry in Malaysia experienced significant changes. Why? There are two factors. First, the quality and design of a dramatic change. No one says that all properties built with the bad in the past or the present property built with high standards.

To be sure, there is increasing focus on quality and use of materials better. We have many developers confidence to build quality homes without the worry of the property is not completed on time or face other problems.

We have many innovative designs and modern. In the last two decades, the architect of Malaysia and overseas property has been designing products with the design revolution. Giving a strong focus on the environment and the landscape was something new for Malaysia, but the future will be a regular thing.

Second, the government is now actively invite foreigners to buy property in Malaysia. In the past, the government restrict foreigners to buy property, but now almost all obstacles had been removed. There was no restriction how many houses can be purchased foreigners in Malaysia.

The stranger did not take long to get approval from the Foreign Investment Committee (the Foreign Investment Committee / FIC) when they buy property in Malaysia. However, they still must get approval from state authorities, and this takes time of at least six months.

Capital income tax real estate has been abolished, so if you sell the property for a profit, you will not be taxed for it. In Malaysia, foreigners can also buy empty land. Sale and purchase agreement can be done in their name and written in English. Some areas with government-owned land rent can also be obtained. When the rent is usually valid until 99 years and can be renewed after the contract ends.

Possible that one of the most interesting aspects of the Malaysian property is a bargain. The main real estate in downtown Kuala Lumpur, which has the highest prices in Malaysia, valued at up to 1200 ringgit Malaysia (RM) per square foot, or the equivalent of 170 pounds or 350 U.S. dollars. This value is equal to RM 12,000 or 1695 pounds per square meter. Prices are down half if you are looking for land near downtown, and even lower if the location on the outskirts of Kuala Lumpur. The value of land in the city of Penang, for example, tend to half the price in downtown Kuala Lumpur.

When you compare the major real estate Kuala Lumpur and Singapore, shows that property prices in Singapore are 10 times more expensive than in Kuala Lumpur. And this shows the value of the offer Malaysian properties when combined with the general cost of living is relatively low. This is a wonderful combination for those who think going to spend his retirement here.

What should not be a stranger bought in Malaysia?
There are several types of property that can not be purchased foreigners, namely the property at a price below RM 250,000 (or below RM 350,000 in Sarawak). This is to protect the citizens of Malaysia's low-middle income and inflationary pressure on the home buying simple and very simple houses.

Foreigners are also not allowed to buy land reserves of Malaysia. Certain parts of Malaysia can only be bought by Malaysia's own citizens. In addition, specific regions was built and known as the plantation of fruit with building density of at least one property per acre (1 acre = 0.4046 hectares). Strangers are not allowed to buy land.

The main real estate prices in Malaysia rose sharply in the last 10 years. This is the result of increased foreign interest and a strong economic performance after many Malaysians to buy their own homes. It is expected that this trend continues, although the amount of new construction to prevent this happening so fast. Which seem most obvious is the price of property in downtown Kuala Lumpur. Well, what about the property in Indonesia?

Singapore property market

Singapore property market strengthened again. The data was released The Urban Redevelopment Authority (URA) of Singapore showed 1476 units sold during the month of January 2010, or three times more than the previous month to 481 units berjumlaj.

The number of private homes sold also jumped after the last five months continued to decline.

Trend at the beginning of this month, the board projects over too mainstream.

Cube8, for example, urban development project located in Thomson Road, is also very popular. A total of 167 units sold last month with an average price of 1286 Singapore dollars per square foot. (Editors Note: 1 square foot = 0.0929 m 2, and 1 Singapore dollar equivalent of USD 6624)

A second location is currently constructing The Shore Residences in Amber Road by Dover Rise and Whitewater Properties, which has sold 144 units at an average price of 1200 Singapore dollars per square foot.

The most expensive unit price sold last month was in Angullia Orchard View Park, in 3243 Singapore dollars price per square foot. Orchard View will be launched in the first quarter of 2010, said Director of Wheelock Properties, Tan Bee Kim

Intiland Launching 1Park Residences

Property development firm Development Tbk PT Intiland apartment project launched 1Park Residences, Tuesday (16/2/10) this. Apartment project located in the elite area, Kebayoran Baru, South Jakarta developed the company through one subsidiary namely PT Gandaria Permai. The plan, laying the first stone or ground breaking will be done next week.

Uniquely, the apartments are equipped with private elevator facilities that provide privacy for the occupants. In addition, on each floor providing only six apartment units, and four units of which have three broad perspective and open.

"This apartment offers open-air million private elevator lobby, so the natural atmosphere mmeberikan also provasi for the residents," said Chief Operating Officer Intiland Suhendro Prabowo, during a news conference at the Office of Marketing 1Park Residence, Jakarta, Tuesday.

This apartment is a modern residential project has 379 apartment units are divided into three towers with a height of 18.22 each, and 26 units.

He explained, 1 Park Residence apartments are designed with modern living this nature, namely the concept of a modern residential, fresh shades of green and sustainable environment is built on an area of 1.2 hectares.

"The objective is to create a comfortable residential area and beautiful in the midst of urban density," he said.

Suhendro also said that with the national macro economy is getting better is a positive signal for growth in national property sectors.

the concept of tropical architecture

The Mertasari, one of the villas "hi-tech" in Sanur, Bali, which put forward the concept of tropical architecture. This building is a blend of the past, represented by tropical architecture and future equipment represented "hi-tech" in the corners of this building.

Antony Rhodes Rubin who built this villa reveals, the Mertasari mimic concept Jimbar Stone Estate, the first tropical housing in Bali on the 21st century, which combined with modern concept. "We use natural materials from Indonesia, except for kitchen appliances," said Rubin told Kompas.com Antony, who visited his villa in Sanur, Bali, and the end of January 2010.

The elements of this building presents eco-real property, as reflected in the use of wood, energy savings (electricity and air conditioning) and wastewater recycling / waste.

The Mertasari built refers to the concept of harmonization is believed to be the people of Bali, known as Tri Hita Karana, the harmonious relationship between man and God, man and man, and man and nature.

Tropical architecture first developed in the Stone Jimbar housing estate in Sanur, Bali. Donald Friend, Geoffrey Bawa, and Peter Müller and Kerry Hills with their local partners to develop this concept in the early 1970s in Bali. This concept of separate "living room" and "bedroom" with a garden in between. They use materials local natural materials from Indonesia. New architecture of Sanur is then spread throughout Bali and also throughout the world quickly. This architectural movement known internationally as "Tropical Asian Style"

The main principle of this tropical architecture aims to create harmonization in the house, living room and separate bedroom and open, with a garden full of plants and trees, and natural pools. The Mertasari combines Balinese tradition of the past and "hi-tech" modern into a harmonious blend.

"In The Mertasari, we want to show Bali is a paradise of culture and environment. Designers and consultants prefer to use local ingredients with international standards for green building. The building is controlled by the intelligent home systems that help minimize the use of electricity and air conditioning for more efficient energy use . Also take advantage of lighting techniques, which refers to the traditional concept of Bali, "said Antony.

Not only that. Floor of the house using natural materials with beautiful texture. Meanwhile, bathroom made of natural stones local. Sleeping room with walls made transparent so that the occupant can feel the natural atmosphere immediately outside it.

The Mertasari free of chemicals, with natural swimming pools and water parks are cleaned through sterilization system. The water was safe to drink straight. It's only natural because the Mertasari using U.S. Green Building standards and guidelines for the development Balinese, Tri Hita Karana is prioritizing harmonization and balance.

Antony Rhodes was a British Rubin, began his career as a surveyor in the City of London, before switching to komodiri trade business in Asia. Having come to Bali, Antony fell in love with Bali and lived here more than 10 years, until then take him into the global hospitality business.

When designing the Mertasari, assisted by architect Antony Bali, Ketut Arthana, Gavin Essex, Ketut Hardika, Anthony Shishler, DSaryl Parker, and Mathiey Gander. Ketut who studied Urban Estate Management from Westminster University, have designed a hotel in Taiwan, resorts in St. Martin, Costa Rica, and the Maldives, and private homes in Hawaii, the U.S. and Japan, as well as a number of villas, hotels, and spas in Indonesia.

Kompas.com visited Villa actually examples (mocked-up) The Mertasari villa built in an area of 1700 square meters. The plan, to be built 17 villas on the same area of four hectares of land at the Beach Mertasari.

What's interesting about this villas are so many "secret door" that created so that guests did not think the wall nearby is a "secret door". Behind the "secret door" is, there is the reading room, library, cigar room and wine.

Then how much it costs spent to build the villa The Mertasari this? "I can not say that. But you can count yourself because we use the best materials. All this must be my crazy idea, which later manifested in the form of villas you can see now," said Antony.

Apartemen Bersubsidi

Various shelters offered by the developer is appealing. But sometimes, our ability to make mortgage payments are still far from expectations. Therefore, may be purchased subsidized apartments can be one option.

In addition to the strategic location, the price offered is also relative 'tilted' compared to other luxury apartment. Just look at the selling price of subsidized apartments built in the area of Depok, on the Trend Property Expo 2010 is between Rp 92 million to USD 97 million according to the type provided.

"The price per unit offered USD 92 million in installments start from Rp 750,000 per month. That's pretty cheap you know," said Marwan Erly as Sales Executive PT Cempaka Bersamamaju, subsidized apartment developers, when found at the scene Kompas.com Trend Property Expo 2010, at JCC, Jakarta, Sunday (7/2/2010).

Despite the name of subsidized apartments, but the government's housing program is an elite area built in the 4000 meters of land and is developing the second phase after the first apartment building was inaugurated in 2006. Facilities on offer are also quite complete with a children's playground, swimming pool, jogging track, tennis court, badminton court, and close to shopping center.

Two stages of development in a strategic area edge Warung Jati Jalan Raya, South Jakarta, the target completion in 2011. This apartment shooting students and Depok and surrounding communities who earn at least above Rp 2.5 million.

International Project Finance Association (IPFA) Support Infrastructure Conference and Exhibition 2010 Asia

International Project Finance Association (IPFA) will participate as partners in supporting the infrastructure industry in the Asia Infrastructure Conference and Exhibition 2010 and the Ministerial Level Conference on Asia Pacific, with the theme of the Government and Private Partnership (Public Private Partnership) which will be held in Jakarta, Indonesia on 14 17 April 2010 until the next.

Partnerships with these joint efforts have brought results that advance the public interest in private companies and public sector organizations based financing and PPP infrastructure projects throughout Asia Pacific.

Asian Infrastructure major initiatives is to create an atmosphere that allows the government, private companies and a leading expert to meet, discuss and find solutions for the acceleration of development and procurement of infrastructure projects that will come in Asia Pacific. This is an unparalleled platform and will create a natural step for IPFA to promote programs and encourage communication between companies, governments and financial institutions to provide the latest information on industry trends and developments.

"Support from IPFA has enabled us to reach out to encourage the financial sector infrastructure projects ahead" Stanislava Blagoeva, Director of Infrastructure Asia stated, "At the forum main Asian Infrastructure associated with UNESCAP, Asian Development Bank and the government of Indonesia, Asia and Infrastructure IPFA can work together to connect the key players that drive the infrastructure industry. "

IPFA has emerged as one of the largest international associations, independent, and non-profit dedicated to promoting and representing the interests of corporations and the private sector, public sector organizations involved in project finance and PPP around the world. IPFA has joined the Asian Infrastructure as part of an ongoing effort of global awareness and understanding of the financial opportunities for PPP in infrastructure industries and important role in promoting sustainable economic development for the Asia Pacific region.

James Harris, Director of Asia IPFA believe in "partnership with the Asian Infrastructure IPFA provide links to very high levels and will create a better ekpose for project owners and government programs in the Asia Pacific region. The conference and exhibition will provide access and exclusive information and the latest palinmg about new projects and exciting developments in the area of the IPFA members.

No Need to Worry Foreigners Own Property

Current property prices in Indonesia is one of the lowest in Asia, especially compared with developed countries like the United States or England. The low price of apartments in Indonesia it is likely not supported by the foreign ownership of Indonesian people are formal.

In America, the price of commercial property products (apartments) 16,216 U.S. dollars, while in Indonesia only U.S. $ 1287 (http://www.globalpropertyguide.com/Asia/square-meter-prices).

Not only that, in Uncle Sam's country, a foreigner may buy high-rise apartments and landed property, and can get housing up to 30-year mortgage, it made no difference with the American people his own. In fact, tax payments can be housing mortgage income tax deduction.

In Singapore, the price of apartments could reach U.S. $ 11,324 per unit. In our neighboring countries, foreigners can buy high-rise apartments but not allowed to buy landed properties (houses horizontal). While in Malaysia, which promote Malaysia My Second Home ", allowing foreigners and anyone else to buy property and live there. Age was not a restriction to buy property.

Malaysia

For those who want to use their own property or assets to move to stay in Malaysia are given permission to stay for five years. This residence is not just given to the landlord and his family, but also the family's maid. According to Jopy Rusli, Director of PT Lippo Karawaci Tbk, foreigners who buy property in Indonesia products still exist although no formal device.

"They bought the property through SPPJB products (note the binding purchase agreement), its nominee, and FDI (foreign capital companies). However, most foreigners buy property through SPPJB, "said Jopy. The obstacle has been overcome, many of the foreigners who want to buy a commercial property but not recommended by the International Lawyer in the absence of formal ownership of the device in Indonesia. Strangers can not get an apartment loans (KPA) for current regulations do not allow banks to foreigners KPA.

If the government can create policies that allow foreigners to have a commercial property in Indonesia, it is likely our country will be Tiger Properties in Asia. In fact, it could be foreign investors and wealthy people in the Middle East to divert funds to buy an apartment in Indonesia. Is not the money flows to the places that benefit. "Buying a commercial property products in Indonesia, its yield could reach 11.28 percent," said President Director of PT Bakrieland Development Hiramsyah Thaib.

We have foreign workers who work in Indonesia was 83,452 people. "That is a huge market potential. I estimate, from the amount that the potential demand is about 10,000 apartment units per year, "said Hiramsyah. Of potential demand, then Chairman of the Central Executive Board of Real Estate (REI) Teguh Satria can calculate the income derived from the state sales tax for foreigners apartment was.

If the average price of apartments for people, for example, 250,000 U.S. dollars per unit, transactions in a year could reach Rp 25 trillion. Well, taxes could diraup of these transactions amounted to Rp 5 trillion per year. Taxes, among other things of value added tax (VAT) 10 percent, Bea Acquisition Rights Land and Building (BPHTB) 5 percent, and the Income Tax (PPh) Final 5 percent.

"Not to mention again that the government implement the Sales Tax on Luxury Goods (PPnBM) for an apartment, then the tax revenue obtained from sale of property to foreigners will be even bigger," said Teguh. Then where lies the influence of the lower layers of society if allowed foreigners to buy luxury apartments in Indonesia?

"Lah, if the tax revenues, amounting to Rp 5 trillion was used to build a healthy simple house (RSH), will be built RSH 500,000 units or 200,000 units of simple flats (Rusunami)," Teguh said.

Must be responded

The amount of foreign opportunity to buy luxury apartments in Indonesia should be able to immediately respond by the government. This is important because the year 2010 is a good momentum for economic recovery of Indonesia in the future. As we all know, Indonesia, as one of the few countries that made it through the global crisis with economic performance good enough, increasingly viewed by many international institutions and increasingly in the international spotlight as one of the world's new economic powers in Asia and can be equated with India and China.

Optimism of the international financial institutions, like Morgan Stanley and CLSA, which predicts that Indonesia will assist both countries as a major growth center in the region, giving indication that the global investor sentiment toward the Indonesian economy began to gradually strengthened.

This would be best utilized by the stakeholders in the country, especially the government and private sectors, to jointly prepare the system and software to support effective economic development forward in order to be able to be a leading country in this era of global competition it is today.

Trends in Condominium Living in the Integrated

Apartments for rent began to develop in the early 1980s. At that time economic conditions quite well and the high number of expatriates in Indonesia to be widespread support for rental apartments. In terms of location, rent apartments began to develop in the CBD area with the concept of a single building.

In 1985, the government issued Law No. 16 of 1985 which regulates the construction procedures, ownership and management of residential flats, in this case for the concept of strata-title. Clear rules are expected to encourage the development of flats or in this case the strata-title condominiums quickly to meet the needs of the community will be residential, especially in urban areas.

In the year 1990-2000, the sector shows rental apartment supply and demand levels higher and higher. In this period also, strata-title condominiums began to grow, but the preference of people to live in residential high-rise is relatively not so large that the demand for condominium units is relatively low.

In mid-1990, a condo with a large number of units began to develop, like condo Taman Rasuna and Orchid Park. The supply of new condominiums higher and the demand for apartment units also began to increase. Location preference is still dominated by the CBD area, followed by West Jakarta and Central Jakarta. Rental apartments in the sector, the higher demand from the dominance of expatriates from Asian countries like Korea, Japan, and Taiwan.

In 1998 monetary crisis impact big enough to rent the apartment sector and condominiums. The demand for rental apartment units and condominiums dropped dramatically. Many development projects are stopped due to investment tersendatnya.

This condition continued until early 2000, in which the developer was careful to re-develop the project rental apartments and condos. At that time only a few developers with strong financial dared to do development.

Sector rental apartments and condominiums began to rise again in mid-2000. The high rate of population growth, contribute to the development of condominiums in Jakarta. On the other hand, demands the need for quality housing is also higher. To bridge the large gap between the supply and demand for these homes, began in a fairly aggressive development for high-rise housing.

Starting mid-2000, began developing trends lifestyle living in high-rise residential and demands of people came to live in a more efficient environment. Emerged the concept of mixed-use residential development where integrated in a common area with office buildings and shopping centers, as seen on Central Park project, St. Moritz, Rasuna Epicentrum, and Kemang Village. Destination purchase a condominium unit is also no longer just for shelter, but also as an investment instrument.

Condominium developments in this period was dominated by the middle segment, particularly in the CBD area, followed by the area of North Jakarta and South Jakarta. In the sector of rental apartments, expatriates who inhabit rental apartment units more diverse, coming from China, America, Middle East, Europe and others.

In the future, the sector rental apartments and condominiums are expected to continue to grow in line with national economic conditions and improved global. Government's efforts to keep the rupiah continued to increase and interest on the bank's low level of purchasing power diharapkanmeningkatkan.