Indonesian Inflation Rate 2009

Indonesian Inflation Rate 2009

• YoY inflation rate (August 2008 – August 2009) is 2.75%
• YTD inflation rate (Jan 2009 – August 2009) is 1.22%
• Inflation rate assumption for the whole 2009 projected by Finance Minister is 6%
  

Quick Summary Jakarta Property Market 2009 - Part 2

Quick summary for you..

Who are developing new office/residential/retail/industrial building. Or, looking for help in marketing existing building.

• Have your property properly marketed. Seriously. You need the best people on your team to do great in this economy.
• Colliers Office Database has a great tool to do a Property Stacking report. Monitor your tenant's lease expiry and follow them up on renewals to maintain your occupancy rate.
• Need help in maintaining your building's machinery & engineering? Call us, we can help.
  

Who are looking for the best consultancy/advisory in property business.

• Need to value your land and building? Or plantation, machinery, factory, or oil refinery? Or a ship, plane, or even island? Best valuation company in Indonesia providing complete services. Find out why you need to choose the best appraisers in Indonesia.
• People have consulted us for their property projects and doing feasibility studies. With the best real estate professional training, Colliers is your best choice.
  

Quick Summary Jakarta Property Market 2009 - Part 1

Quick summary for you..

Who are looking to lease office space in Jakarta.

• Jakarta Office Rental Rates 2009. This is a summary of average base rent & service charge in CBD and Non CBD area at Jakarta, as of August 2009. Includes Office, Residential, Retail & Industrial sectors. The data was taken from Colliers Jakarta Property Market Overview report. You could read the report at no charge here.
• If you want to run a comparison study (of base rent, service charge, or building specifications/amenities) for several buildings, Colliers has the most comprehensive office database in Jakarta.
  
• If your current lease is about to expire, read these tips. Even better, Colliers actually give out a free Office Leasing Guide to our clients, to help you through the Office Leasing process. Read the excerpts that contains unprinted copy of the book here.
• If you decide to move, read the IT tips for office relocation. It's from my own experience.
  

Who are thinking of doing real estate investing in Jakarta.

• Property Investment Yields 2009. This is a summary of property yields in 2009 for Office, Residential, Retail & Industrial sectors. You could see the yields trends from 2004 to 2009. The data was taken from Colliers Asia Pacific Investment Market report. So you can compare with other countries. Read the report here.
• Colliers has listed office, residential, retail and industrial properties, suitable for investment in Indonesia. Check these properties first to get the best investment Indonesia can offer. If that's not enough, you can also search for properties in Asia Pacific. We have the biggest property listing site amongst our competitors.

To be continued..

PS: As always, write to me if you have any questions :)

Tips you need to know when your lease is about to expire

I read Bagus' article for Britcham about the office market in Indonesia, the affect of global crisis, and what he sees as the trends for companies in their decisions regarding their office lease. It's an enlightening read, and a great tips for companies when their lease is close to expiry date.

• You should give enough time to decide whether you want to stay or move.
  
• Office market is over supplied; new office building are giving attractive rental packages
• Many companies deciding to stay are negotiating their base rent and service charge, since that's the major component of occupancy cost
• Financially, you should try to sign up for a long lease; 5 to 10 years. Because the fit-out cost is not cheap and you can amortize that over the lease period to make the total relocation cost more manageable
• Now is a great timing to achieve attractive rental package; either you decided to stay or move
  

The article was concluded with developer perspective to Indonesia economy; many of them are confident to bank lending rate and continue the development. Also how investors are now considering Indonesia to have a great real estate investment opportunity.

3 Questions to ask to get clients refer business to you

Do you know how many of your recent clients are satisfied AND will refer business to you? If you don't, well... just ask them! Send a survey, have them fill in a form, or directly ask them.. If you ask them, you'll know where your strength and where you should improve. Colliers now ask these 3 questions to our recent clients:

• Would you refer Colliers International to a friend or colleague?
• How would you rate Colliers International's service levels as provided during your most recent experience?
• During your recent experience with Colliers International how do you rate the level of Property knowledge of our personnel?

The goal was to get clients perception for our service & property knowledge, and to ask whether they would refer business to us in the future. And the survey result from January to April 2009 are.. drumrolls, please.. 100% of our Office Tenant Representation & Retail clients who responded stated they will promote us to their friend/colleagues! In average, Colliers service was rated 8,31 out of 10, and our property knowledge was rated 8,62 out of 10. Wow!

Are you our recent client and wants to give your feedbacks? Or maybe you're currently looking for property advisory and you want to know what services Colliers provide? Just drop me a note!

Finding your home in Jakarta

One of my favourite Colliers newsletter is the Expat Newsletter. I always find it a useful and enjoyable read. If you're just moving to Jakarta, this August 2009 edition has a nice introductory article about great housing/residential area for expats in Jakarta, highlighting the neighbourhood, market and international schools. The area includes:

• East Jakarta
• North Jakarta
• West Jakarta
  
• Central Jakarta
• Menteng
• Kuningan
• South Jakarta
• Kemang
• Pondok Indah
• Cipete/Cilandak
• Kebayoran Baru
• Permata Hijau/Simpruk
• Bintaro

If you haven't dont so, go grab a copy of Colliers Expatriate Services Newsletter & have a read! We also provide Orientation Services for you who are currently settling in to Jakarta and wants to know more about the city & people. Just drop me a note if you need more info.

Colliers university: The best real estate/property professionals training

One of the good thing in working at Colliers is to have a free and unlimited access to the property knowledge base, both for national & international coverage. Colliers knowledge base is collected at the Colliers University, where we can take various courses/training in property related business and personal growth as well. We can run with our own pace: the presentation slide (with interactive test included), watch recorded webinars/listen to recorded audio, and held workshop for team activities. Since the internet connection here is not as fast as in US, I personally prefer the slides.

After we finished the training we can print the transcripts and certificates. The university also have curriculums specialized for a region (Asia Curriculum) or other category, as well as course suggestions for certain management level or new entry in certain division. There are also modules for beginner or advanced topic (for example: Real Estate 101 for beginners, Introduction to valuation/appraisals, Understanding Capital Markets for Investment Services, etc).

So no need to worry, now you're in the right hands :)