Consulate d'Saphire Lounge, Airport Facilities New Users

Over capacity that occurred in the Soekarno Hatta International Airport, with passenger numbers exceeding the capacity of each year, causing inconvenience to passengers.
Saphire Lounge d'Consulate is open to the public and is expected to meet the demanding needs of the Frequent fliers or Rich and Premium which often travel through the Soekarno Hatta International Airport.
- Edyana Paramitasari

Saphire Lounge d'Consulate was present as services that provide and improve passenger comfort in the midst of the density of the number of passengers.

"Over capacity occurs at Soekarno Hatta Airport. The airport only has a maximum capacity of 22 million passengers per year, but must serve 37 million passengers per year. With the over-capacity is highly unlikely to be able to give comfort to the passenger airport," said Tri S. Sunoko, President Director of PT Angkasa Pura II, in a press conference Inauguration d'Consulate Use Saphire Lounge, Tuesday (24/08/2010) at Terminal 2DE Soekarno Hatta International Airport.

Expresses, the presence Saphire Lounge d'Consulate may be one solution to increase user comfort Soekarno Hatta Airport.

Welcomes the positive efforts made by Saphire who collaborate with the Group d'Consulate, in an effort to improve passenger comfort in the midst of the density. "We really are doing optimization, how passengers get comfortable in the solid state, and one of them is the Saphire Lounge d'Consulate this," he said.

Described by Edyana Paramitasari, President Director of PT Angkasa Pura Schiphol, Saphire Lounge d'Consulate is open to the public and is expected to meet the demanding needs of the Frequent fliers or Rich and Premium which often travel through the Soekarno Hatta International Airport.

Especially for members of the Saphire Lounge is a new facility outside the existing facilities of the Saphire program, which is a special parking area, entrance area to the check-in, special check-in counter at the airline to work together, and the immigration process is electronically through the machine Automatic Border Passage.

Saphire Lounge d'Consulate provide specific services, which is a ministry Airlines check-in and baggage handling for airlines that work together, which was conducted in the Lounge, special access to exit or enter the terminal area, and to make payments asitensi Airport Tax and fiscal management.

"This idea of the problem of Angkasa Pura II to deal with over-capacity that occurred. To provide convenience for passengers, where the management of check-in, fiscal, Airport Tax, the trunk is maintained by these services," said the woman.

He added, Saphire Lounge d'Consulate also has various other facilities, such as meeting rooms, business center, and free massages reflexi. "It's free for members will be traveling Saphire. For the general public bears the cost of Rp325.000 nett / pax / visits," he went on to explain.

Intiland Appoints Total Main Contractor 1Park Residences

Company property developer PT Intiland Development Tbk (Intiland) appoint a national construction services company PT Total Bangun Persada Tbk as the main contractor 1Park Residences apartment building. Total will be working on the construction of apartments 1Park Residences start mid this year with a target completion in mid 2012.

We are committed to making 1Park Residences apartment as the modern high rise residential projects and quality. We believe Total able to help us make it happen by doing construction work according to the quality we wanted.
- Suhendro Prabowo

Signing of memorandum of appointment of Total as a main contractor conducted on Wednesday (18/8/10). As prime contractor, Total charge of all the construction process to finish overall.

Chief Operating Officer and Vice President Director Intiland Suhendro Total Prabowo said he chose because it is one of the leading contractors in Indonesia. Intiland also had some time to work with Total in the construction of a number of projects the company.

"We are committed to making 1Park Residences apartments as one of modern high rise residential projects and quality. We believe that Total was able to help us make it happen by doing construction work in accordance with the quality we wanted. Moreover, previously, we have cooperated several times and the results are in accordance with we wanted, "said Suhendro.

Apartments 1Park Residences is the newest apartment project built Intiland. This apartment is built on an area of 1.2 hectares in the elite, Kebayoran Baru, South Jakarta. 1Park Residences Apartments has 379 units divided into three towers with different heights, each with 22, 18, and 26 floors.

Suhendro explain 1Park Residences apartment building process has successfully completed the foundation stage at the moment. The next stage of the development of three towers at once, plus the construction of supporting facilities such as swimming pools.

"As prime contractor, Total will handle most jobs that include construction of an apartment building, finishing, and installation of pipes or plumbing. We can do the topping off target (closing the roof) in July 2011," he revealed further.

The Company estimates that the entire development process 1Park Residences apartments will take approximately 20 months. The hope is, this apartment units can be transferred to consumers starting in June 2012.

Green Concept

Apartments 1Park Residences is built with a number of advantages, both in terms of concept and facilities. Apartments are located in premium locations and strategically, and have access roads that are very close to the central business district, international schools, hospitals, and shopping centers. This apartment has a concept of nature in modern living, namely the concept of a modern dwelling, undeniably fresh, and green environment is sustained.

Applying the concept of green, 1Park Residences allocated more than 70 percent of the total land area of 1.2 hectares of green areas and facilities. The allocation of open space creates a comfortable residential area and beautiful, in the midst of urban density.

Besides providing a variety of apartment residences 1Park appropriate facilities need modern urban society. With a unique concept where each apartment unit has a private open-air lobby elevator, this apartment also provides a wet kitchen, dry kitchen, and maid's room in each apartment unit. Provision of these facilities to accommodate the habits and needs of the community to residential apartment houses that have functions like a footprint.

Under this concept, 1Park Residences tried to offer comfort and harmonization between a healthy environment, as well as a concept that is more humane residential apartments. This apartment is also equipped with independent water treatment facilities, to clean water or dirty water. While the safety factor, the available facilities 24 hour security, CCTV, video telephone, card access, and the panic button facility and parking area.

Moreover, as attempts to implement green concepts, the company attempted to use most of the maximum quality materials from local market. This principle, in support of carbon reduction ditimbulkandari transport factors across countries.

"It was not easy to apply the principles of green concepts in their entirety. But we will strive to provide the best and maximum. We realize that caring for the environment has become mandatory, and a large flow of a market that must be followed and adhered to all developers," said Suhendro.

From the commercial aspect, 1Park Residences apartment sales have proved a very good response from the community. Until August 2010, already more than 70 percent of the total units of two apartment towers that have been offered are sold.

Management believes sales Intiland 1Park Residences apartment project would reap a huge success. Following the success of the sale of tower A and B, the company plans to immediately market the tower C on this year.

1Park Residences apartments built with great attention to optimizing the space and functionality. Each tower apartments are uniquely designed and intelligent, so that almost all units of apartments offering views on three sides.

This apartment offers a wide variety of different types based on the unit. Type the two bedrooms has a spacious 91.5 square meters, while the unit with three bedrooms covers 138 square meters.

Intiland is a leading property developer in Indonesia, with nearly 40 years of experience. Listed its shares on the Indonesia Stock Exchange since 1992, Intiland known as an innovator and originator of the trend in the Indonesian property industry.

In recent years, many buildings Intiland develop into a national icon, through Intiland Tower is the pride of two buildings in Jakarta and Surabaya, designed by Paul Rudolph and The Regatta, a luxury waterfront condominium in Pluit, North Jakarta, designed by Tom Wright (designer of the Burj Al Arab).

Development of the main residential areas in Surabaya, Graha Family has become one of the most prestigious residential area. Currently, Intiland has diverse property portfolio of products, including residential areas, office buildings, apartments, building management, industrial areas, and management of sports facilities and golf. Intiland has become a property developer with leading lifestyle concept.

Buy Lippo Group in Singapore DBS Tower 1 and 2

Overseas Union Enterprise (OUE) owned by the Lippo Group, has just bought DBS Towers 1 and 2 with a value of 870.5 million Singapore dollars, or about 970 Singapore dollars per square foot. (1 square foot = 0.0929 m2). It became the largest commercial property deals in Singapore this year, since the year 2008.
Purchase DBS Tower 1 and 2 in accordance with our expectations to increase the value of company assets to about 10 billion Singapore dollars in five years to seven years into the future.
- Stephen Riady

Both towers are located at 6 Shenton Way No. It can be turned into mixed retail and office center. Plans to increase the quality of some property assets is still studied.

The Business Times on Thursday (12/8/10) reported, OUE announced the purchase after the stock market closed yesterday. The purchase cost of using internal funds and debt, which will be completed in September or October. The seller is a Goldman Sachs real estate fund, which is likely to reap big profits.

The largest office building sale agreement previously occurred in early 2008 before the global financial crisis exploded. This includes the sale of Singapore Power Building at Somerset Road with a value of 1.01 billion Singapore dollars, or about 1836 Singapore dollars per square foot.

Speaking with The Business Times, Executive Chairman of OUE Stephen Riady said the purchase of DBS Tower 1 and 2 in accordance with hopes to increase the value of company assets to about 10 billion Singapore dollars in five years to seven years into the future. Until June 30, assets of the company reached 2.93 billion Singapore dollars.

Both towers have been leased out to 99 years was worth approximately one billion Singapore dollars, and they now still have the right to lease for 56 years. The towers were leased to tenants such as DBS Bank, Deloitte & Touche, and Aviva.

OUE is considering several options to improve the quality of the building. "We're not going to buy lots of assets and not do anything with it ... We see a lot of value can we create in the next few years," says Stephen Riady.

"OUE can create more area that can be leased on the second tower. Although the Lippo Group has a region with gross floor area of about 1.24 million square foot, but the amount of revenue derived only from an area of 883 000 square foot," he said.

"The first floor can be built into the retail space, and offices to take his side," Riady said. "This is only one possibility. We have a number of options we're studying," he added.

Market observers suggest that OUE build residential projects in the same area. Number of condos in Tanjong Pagar growing in recent years. The last condo was launched in Shenton Way No. 76 which sold quickly at a price up to 2,000 Singapore dollars per square foot.

Cushman & Wakefield managing director Donald Han says OUE may consider rebuilding DBS Tower 1 into a residential-retail project. OUE can maintain DBS Tower 2 as a block of offices but also increase the amount of space.

Donald added if OUE get approval from local authorities on time, OUE can start launching the sale of residential units before the year 2012, when DBS began preparing the room emptied and moved to the Marina Bay Financial Centre.

Stephen Riady said the improvement of asset quality is applied gradually, while OUE also benefited from rising rents office space in both towers after the leasing market continued to waver.

According to Executive Director of CB Richard Ellis (CBRE) Jeremy Lake, rents at DBS Tower 1 Singapore about five dollars per square foot, while rents in Tower 2 of about 6 to 6.5 Singapore dollars per square foot. "This price could increase by around 10 percent until the end of this year, following the office market recovery," said Jeremy.

OUE has something encouraging yesterday after the company booked net profit of 16.7 million Singapore dollars in the second quarter, in contrast with the situation last year where OUE loss of 47.8 million Singapore dollars.

Higher revenue from the hospitality business and the contribution of the New Mandarin Gallery, recorded a profit.

Li & Fung Siapkan 901 Juta Dollar AS, Akuisisi IDS China

Li & Fung Ltd., the company's largest retail suppliers in Hong Kong, set aside HK $ 7 billion or equivalent to 901.06 million U.S. dollars for the acquisition. They will buy shares of Integrated Distribution Services Group Ltd.. (IDS), a company engaged in the same field from China.

During this time, Li & Fung is only supplying to large retailers, like Wal-Mart Stores network. Through this acquisition, Li & Fung can expand its distribution network in China. This step could also boost its revenue contribution from China and Southeast Asian markets to be 12 percent.

President of Li & Fung Ltd., Bruce Rocowitz, said the revenue contribution from Asia has only reached 2 percent of total revenue last year. "Hence, we are also targeting the Japanese market," he added.

IDS has a network that reaches 150 cities and has 10 000 outlets across China. If this acquisition is smooth, Li & Fung got a splash of China net profit 30 million dollars, with total sales of 1.8 billion U.S. dollars.

Hotel Taj Mahal Palace Ready to Receive Guests Sunday

After 18 months of closing because of helter-skelter by the Islamic militant attacks, the Taj Mahal Palace Hotel finally officially reopened on Thursday (12 / 8). Buildings have historical value of this 107-year-old will receive a guest requests since Sunday, when the Indian independence day celebration.

No less than 1.75 billion rupees, equivalent to U.S. $ 50.9 million has been digelontorkan by the government to repair and restore buildings that diberantakkan by Islamic militants.

Anil Goel, Executive Director of Finance, Indian Hotels Company, which has the Taj Mahal Palace states, in part financing the construction of the hotel is also supported by the insurance that is 1.8 billion rupees.

Ratan Tata, head of Tata Group, was not behind posing under a very iconic red dom with the Islamic militants who berjibaku with law enforcement.

Hotel Okura Master the Majority Shares in JAL Hotels

Hotel Okura Co.., Ltd.. ("Hotel Okura") on Friday, August 6 announced that it has signed an agreement with Japan Airlines International Co.., Ltd.. ("Tears") to acquire 79.6 percent of shares issued by JAL Hotels Co.., Ltd. ("JAL Hotels") which is held by Jali.
Destination Hotel Okura is to strengthen the global competitiveness and strengthen its position as a global hotel chain that originated in Japan as well as to contribute to Japan's hotel industry.

Destination Hotel Okura is to strengthen the global competitiveness and strengthen its position as a global hotel chain that originated in Japan as well as to contribute to Japan's hotel industry.

This company primarily operates in Japan and other regions of Asia, and strive to be number one hotel in each destination.

JAL Hotels is a leading hotel chain operator Jepadng who owns the best selling and leading the network. Hotel chains have made his reputation abroad, especially in developing Asian markets, with the best quality.

Hotel Okura and JAL Hotels, which showed a similarity to each other as partners who share the company's direction and vision, hoping that a strong business synergy arising from the alliance through the transactions described in this announcement will not only deliver the good in terms of groups, international competitiveness and enriching human resources, but also will produce a variety of positive effects in areas such as marketing, business development, further expansion of existing training programs, share information and increase overall brand value

This is an acquisition of shares entirely in cash to acquire 6.8 million shares (79.6%) which is currently owned by Jali. Implementation of the agreement over shares of August 6, whereas the transitional period on 30 September 2010.

As a result of the transactions described in this announcement, JAL Hotels and Hotel Okura will partner to establish a cooperation framework. Hotel Okura believe that by combining a "guest house in Japan" with "wings of Japan," he was prepared to be the only hotel chain in the world that offers hospitality, comfort and service Japanese hotel.

In addition, after the acquisition, the Hotel Nikko and Hotel JAL City will continue using its name. Various programs, gift certificates, coupons and other marketing programs associated with the distance JAL will also continue.

Industrial Property in Hong Kong Prone Bubble

Chief Executive Officer of HSBC Holdings Plc, Peter Wong assess, at this time, the property industry in Hong Kong are at risk for bubble occurs when prices continue to increase. According to him, property prices in Hong Kong has reached its highest level.

"If this situation continues, it is quite likely will cause a bubble," he told Bloomberg. Currently, the Hong Kong government was working to cut home prices by 42 percent. The reason, many lower middle who can not afford to buy homes.

Based on data released by Jones Lang LaSalle Inc., home prices in Hong Kong is likely to increase by 10 percent in the second half of this year if interest rates are still low and the economy grows