News about Indonesia

THIS year will see acquisitions and mergers for some developers in Malaysia.

KUALA LUMPUR (Jan 17): Property developer S P Setia Bhd announced today that S P Setia (Indonesia), Sime Darby Bhd and I&P Group Sdn Bhd have decided not to pursue the joint venture with Indonesia’s PT Hanson International Tbk to jointly develop an affordable housing project in Greater Jakarta, Indonesia.

SINGAPORE (Dec 14): Property developer Oxley Holdings has officially launched the first phase of its 20,000 sq m Oxley Convention City in Batam, Indonesia.

THE local real estate industry can look forward to expanding their businesses across the Asean (Association of Southeast Asian Nations) region more effectively, thanks to an initiative by regional real estate bodies, including The Malaysian Institute of Estate Agents (MIEA).

SINGAPORE (Nov 16): Dark clouds are gathering for Singapore real estate investments trusts (REITs).

KUALA LUMPUR (Nov 10): Malaysia’s first Oakwood hotel and residence, Oakwood KL, — formerly the Nomad SuCasa Hotel — is eyeing to achieve an average occupancy rate of 70%  backed by strong demand from business and leisure travellers, according to Oakwood Hotel & Residence Kuala Lumpur director of sales and marketing Kenny Goh (pictured).

RIDWAN Kamil is a man who commands attention.

INDONESIA’s Mulia Group is seeking some RM1.

IN more recent years, the line between hospitality design and residential design has been blurred with many hotels and resorts beginning to look more like high-end homes and vice versa.

LOCATED to the east of Bali is the less famous Indonesian island of Lombok.