B&M Investments (Property, Capital Market, SME Co-Investor)

Thank you Knight Frank Indonesia for the report. https://lnkd.in/gibRAyag Key highlights: Regarding premium #residential properties, The Wealth Report provides a comparison of floor area for every US$1 million (approximately IDR 15.9 billion). - The report highlights that the top five cities with the highest prices are Monaco City, Hong Kong, Singapore, London, and Geneva. - With regards to #Jakarta, the average price of high-end apartment units was reported at IDR 57.7 million per square meter. - This means that with US$1 million, one could acquire a luxurious apartment unit with approximately 276 square meters of floor area in Jakarta. This is a significantly larger property size compared to what the same US$1 million budget would fetch in other major Asian real estate markets. - For instance, the same US$1 million investment could only purchase around 64 square meters of prime property in Tokyo, 32 square meters in Singapore, and just 22 square meters in Hong Kong. - In other words, the high-end apartment unit that US$1 million can secure in Jakarta is roughly 4 times, 8 times, and 12 times the size of comparable prime properties in Tokyo, Singapore, and Hong Kong respectively. Is Jakarta poised to be the next attraction for global citizens' property #investment appetite? Additionally, the report mentions: The hot spots which are particularly attractive to real estate investors in South Jakarta include the Setiabudi and Kebayoran Baru districts. These areas are located relatively close to Jakarta's central business district, making them highly sought-after by corporate professionals, expatriates, and wealthy Indonesians. Property prices in these prime South Jakarta neighborhoods can reach around $4,000 per square meter, with #rental #yields averaging 8%. Johannes Bima A Meissi Santosa

May I (we) always BUILD [marcus vitruvius pollio]

One of the most succesful investment holding companies on the planet probably is the one with the most #humble lead characters and whose two most-celebrated leaders display a role-model mutual #respect with one another. Read this, by Fortune magazine. https://lnkd.in/gGm26wAT Quote. Buffett suggested that Munger’s role at Berkshire was far more important than most outsiders realized. “In reality, Charlie was the ‘architect of the present Berkshire, and I acted as the ‘general contractor’ to carry out the day-by-day construction of his vision,” Buffet wrote. He added, “Charlie never sought to take credit for his role as creator but instead let me take the bows and receive the accolades. In a way his relationship with me was part older brother, part loving father. Even when he knew he was right, he gave me the reins, and when I blundered he never—never—reminded me of my mistake.” End quote. Much respect #warrenbuffett #charliemunger 🙏 B&M Investments (Property, Capital Market, SME Co-Investor) A Meissi Santosa

Another valued insights from PT Leads Property Services Indonesia on rental apartment market in Jakarta for Q4 2023 view. Download and read the whole report here: https://lnkd.in/gXXPUqyK Below is the highlighted excerpts. 💡 Outlook Jakarta rental apartment market anticipates an influx of new supply (330 units) in the election year 2024. Yet, the election might not influence rental apartment market as number of expatriates was driven more by existence of foreign investment, which is expected to increase along with the predicted increase of total investment in Indonesia for 2024 by the government. Notably, it is expected that due to the completion of future projects as indicated in the pipeline, occupancy rate is predicted to even further fall to 60 – 62%, expectedly. 🚛 Supply Supply Distribution In the last quarter of 2023, there was no new rental apartment project completed as several projects were slated to open next year. As a result, the cumulative supply of Jakarta rental apartment market remained unchanged from the previous quarter, registering 10,050 units. Location-wise, almost half of rental apartment supply in Jakarta are located in the CBD and South Jakarta, as these two areas had continued to be the top choices for expats to reside. 👨👩👧👦 Demand Demand for rental apartment increased in the current quarter, particularly coming from short-stay guests during the end-of-year holiday season. Meanwhile for long-stay guests, leasing remained active with continual presence of foreign companies. Expatriates were predominantly from China, considering their substantial investment existence in Indonesia, and followed by Japan and South Korea. Despite such condition, demand did not increase significantly as it only registered 439 units only YoY as upscale condominium by individual with good furnish was also highly preferred by expatriates. Apart from that, not all expatriates worked in Jakarta. 📉 Average Rental Rate Rental rate of rental apartment dropped by 2.25% QoQ. Landlords were still competitive as their occupancy rate was low. The overall rental rate of rental apartment was registered at USD 20.81 per sqm per month. Both serviced and non-serviced apartments exhibited a similar downswing trend. They registered USD 23.67 and 13.02 per square meter per month, respectively. Bracing for impact. Johannes Bima A Meissi Santosa

Gemba (現場) is the Japanese term for “actual place,” often used for the shop floor or any place where value-creating work actually occurs. #gemba is also spelled genba ... (where Japanese companies) often supplement gemba with the related term “genchi gembutsu” — essentially “go and see” — to stress the importance of empiricism. A gemba walk is a management practice for grasping the current situation through direct #observation and inquiry before taking action. A useful reference would be to read this article where we quoted the above: https://lnkd.in/d3iwdar4. With such spirit, we planned a road trip of more than 850 kms from Jakarta to cities of Semarang and Solo in Central Java to Malang in East Java. We hear stories, we read news, we watch TVs, online media, and see social media that many cities have been developing rapidly. Nothing beats seeing and experiencing ourselves the progress directly visiting the inter-cities', cities' #infrastructure access, #retail, and #hospitality sites, and see how #propertymarket, local economy, and #investments are beating. Johannes Bima A Meissi Santosa

When visuals and #footfall traffic show indication of business doing well during saturday, before dinner time. Thumbs up PT. Champ Resto Indonesia Tbk Monsieur Spoon and chief Ali Budiman. Monsieur Spoon at Summarecon Mall Kelapa Gading MKG1. A Meissi Santosa Johannes Bima

As we enter the first days of 2024, we are reminded that #volatility is inherent in the #capitalmarket , therefore it is very important to set investment goals and focus on them. https://lnkd.in/gKKTSg6k Johannes Bima

Valued insights from PT Leads Property Services Indonesia on rental apartment market in Jakarta. Download and read the whole report here: https://lnkd.in/gXXPUqyK Below is the highlighted excerpt. ● Occupancy Rate The occupancy rate for rental apartments had been insignificantly improving as demand recovered a bit. In Q3 2023, the average occupancy rate for rental apartments increased by 0.75 percentage-points compared to the previous quarter, reaching 61.7%, which is low as it did not even reach 75%. Both serviced and non-serviced apartments saw an insignificant improvement in occupancy rates, with a 0.7 points and 0.6 points QoQ, respectively. In the running quarter, the occupancy rate of serviced and non-serviced apartment was recorded at 65.4% and 51.6%, respectively. ● Average Rental Rate A modest drop in rental was driven by the weakening of Rupiah against US Dollars. In the running quarter, overall rental rate was recorded at USD 21.29 per sqm per month or a drop of 2.2% from the previous quarter. Serviced apartment and non-serviced apartment registered figure of USD 24.21 and USD 13.34 per sqm per month, respectively. Additionally, the drop in figures were also attributable to the new supply, driving landlords to have been more competitive. ● Outlook Amidst the competition that showed occupancy rate hovering at 60%’s, however, some landlords are still eager to build rental apartment as their recurring-income asset, with another 647 units slated to open by end of this year. About half of this future supply will come from CBD area, while the remaining will be from South of Jakarta. Looking forward, despite more expatriate inflow to Jakarta, such number of new supply might result in pressurized occupancy rate due to availability of options. Consequently, rental would also be more competitive for landlords to attract tenants. Johannes Bima A Meissi Santosa

#collectibles as alternative #investments and #assetclass , that are arguably quite liquid. As real estate property assets are getting less liquid (i.e not easy and taking considerable time to liquidate), alternative investable assets are to be considered. https://lnkd.in/eFSwDJH3 Johannes Bima A Meissi Santosa

Interesting read. Probably an investment thesis worth another look (if not yet) for publicly-traded shares of #familyownedbusiness (FOB). It would be interesting to test this study with Indonesia's context, comparable between publicly-traded FOBs and non-FOBs. https://mck.co/49XoWQL A Meissi Santosa Johannes Bima