USING VISUAL FOR ENGAGEMENT | Indonesia Research Institute Japan

This post is written by Raffi Alfananda, Market Research & Business Development at PT Indonesia Research Institute Japan Jakarta, a global management consulting firm on business strategy.”

Great visual assets in your content contribute significantly to the reader’s enjoyable and informative experience. We’ve all heard the expression “a picture is worth a thousand words.” In the case of marketing, visuals can convey a lot more information. Because the human brain processes images 60,000 times faster than text, images and videos are the best way to capture and hold your audience’s attention while also having a good time. Visuals can help a reader remember more of the information.

Eye-catching images break up blocks of text, give the user an extra interest to continue scrolling, and make the reading enjoyable in general. All of this adds up to increased reader engagement—both for the reader and for your publication. Adding Value with Images and Videos Make sure that your visual work creates value to the post if you want to keep people engaged with your brand. Assume you have a website that provides advice to new business owners on how to create their first website.

While your text content may receive a lot of attention, a portion of your audience will undoubtedly prefer a video tutorial. Including a video tutorial at the end will encourage customers to complete the steps and gain more value from your product. As an added bonus, you will keep existing visitors on your page for longer, which may result in more interactions.

When generating a video or image for your brand, consider the value it will provide to your readers. Consider whether what you’re creating is intended to educate, entertain, or assist people who visit your website or follow your brand on social media. Marketing teams that can incorporate useful elements into their visual content will see an increase in engagement and traffic.

Types of visual engagement 

If you are about to launch a content marketing campaign, you must first determine what will stimulate online growth and engagement. Text-based content will always be an important part of marketing, but to truly stand out in the digital age, visual content must play a central role in all of your efforts. Here are different types of visual content that will propel your marketing campaign to new heights:

  • Image

People are more likely to finish reading what you’ve written if you break up a body of text with some compelling images (provided that the images are high quality and contextually relevant). Because of the oversaturation of digital content and the increased adoption of mobile internet access, attention spans are shorter than ever, making content presented in large blocks of text unappealing

It is highly recommended to use original images or images that you have taken yourself, as this adds a much-needed personal touch to your campaign. High-quality, appealing images are frequently costly to purchase or time-consuming to create. Fortunately, resources like Canva allow you to create unique, captivating images for free using a simple drag-and-drop interface. 

So for example visual aids are worth including in your presentations because they can help you explain information more coherently which makes presenting easier for you and learning easier for the audience. They also help add variety to your presentation thus making it more interesting for the audience

 

 

  • Videos 

Videos are fantastic for displaying common problems and then demonstrating the solutions that your product can provide. While there are far less expensive forms of visual content available, a great video adds extra clout to your campaign by demonstrating that you’re willing to go the extra mile for quality.

There are many different types of videos that can help your business, such as how-to videos, animated explainer videos, demonstrations, and customer testimonials. So whatever you decide, make sure the videos are in line with the overall style and ideals of your company. An example for this type of visual is the short clip from an old news broadcast.

  • Infographics 

Infographics are indeed an excellent tool for compiling all of your sophisticated data and statistics into a convincing, easily understandable visual display. Infographics can become an important part of your content marketing -strategy if they are accompanied by diligent promotional efforts (such as networking with key influencers, landing page optimization, and social media). To maximize the benefits of an infographic, the layout and design must be as influential as possible. To deliver your important information, the designer must use the appropriate colors, shapes, and fonts.

The data you include in the infographic should be precise (peer-reviewed sources are ideal) and contextually relevant. Even the most boring statistics can be brought to life when presented as stunning visualizations. An infographic is a collection of imagery, charts, and minimal text that gives an easy-to-understand overview of a topic. As an example, infographics use striking, engaging visuals to communicate information quickly and clearly. Infographics are a valuable tool for visual communication.

 

 

 

For the example of infographic such as below :

  • Presentation 

Presentations serve the same purpose to infographics, with a strong emphasis on appealing design and color to draw the reader into the text. They differ in that they have a broader scope. As a result, if a topic is too long for an infographic, a beautifully designed presentation can be extremely useful in keeping people’s interest with your content.

Because your presentation will most likely contain a lot of information, it’s critical to keep fonts, borders, and colors consistent. Proofreading for spelling and grammar errors is essential, just as it is with any other type of content. As with infographics, make sure your sources are as credible as possible.

Examples of data visualization in ppt include infographics, 3D charts and graphs, color histograms and even simple headers and bullet points. Furthermore, you could display data using world maps, brain trees or even a series of cartoon

  • Screenshots

You can use a screenshot to show your audience the technical aspects of your product or service. You can show what services you provide in a direct manner, and you can even merge your screenshot with some marketing copy or a testimonial to increase your credibility.

Screenshots are very useful for substantiating claims made in your sales content. For example, if you’re marketing an app that can perform specific functions, a screenshot with a caption can provide the visual confirmation your audience requires to believe your claims. You can also edit your screenshots if you want to draw attention to a specific part of the image. (such as which button to click)or provide a more thorough explanation of what is going on behind closed doors

 

So as your brand grows, it’s likely that you’ll incorporate more visual content into your marketing strategy. Businesses are beginning to use all of the tools available to them to create exciting and convincing images and videos.

The best way to create engaging content is to concentrate on your target market and, more specifically, how each post will benefit your users. Spend time researching the pain points of your website’s visitors and creating content that ultimately helps them achieve their objectives. When you are likely to succeed, you will soon see increased engagement as people begin to invest in your products and services as a result of the worth you bring to the table

Indonesia Research Institute Japan offers all services from desk research, in-depth interview, feasibility studies  and market survey for better understanding of any topic that your company is interested in. 

For More Information and Services, please contact us :

Consulting Services info :

Hotline:  +6285718923842

Email: contact@indonesiasoken.com

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    Authored by : Fitri Aulia | 22 December 2020

    Recent Property Development

    The Covid-19 pandemic has dealt a quite severe blow to the property business sector in 2020. During the PSBB period, business activities were very sluggish and it can be said that some business actors suffered severe losses.

    However, entering the new normal period, the economic activity in several sectors including property has begun to revive from the previous period. The role of the government triggers the revival of Indonesia’s property business activities.

     Government Stimulus

    The assistance provided by the government is in the form of subsidies or incentives for interest subsidies to debtors of public housing credit (KPR), which is contained in the Minister of Finance Regulation (PMK) Number 138 / PMK.05 / 2020 and amendments to PMK 85 / PMK.05 / 2020 regarding the guidelines for providing interest subsidies in the effort to implement the National Economic Recovery program.

    In early March 2020, the Government decided to increase the allocation of housing financing assistance by IDR 1.5 trillion for Low-Income Communities (MBR). This was stated by the Director General of Infrastructure Financing of the Ministry of Public Works and Public Housing (PUPR) Eko Djoeli Heripoerwanto in a webinar, Wednesday (29/7/2020).

    In addition, the Government also has Bank BTN as their partner-collaboration to implement their OMH Program aimed at Low-Income Communities (MBR) with low interest rates and low installments for the purchase of a prosperous tread house and a welfare apartment.

    Bank BTN noted, in 2015 they have provided housing financing assistance totaling 474,099 units. Then in 2016 as many as 595,540 units, in 2017 to 666,806 units, in 2018 to 755,093 units, and in 2019 to 735,749 units.

    As of September 2020, BTN has provided home ownership credit support (KPR) of 93,448 units which cost as much as Rp. 15.6 trillion. These support provided by BTN is significant for the survival of the business property sector.

    BTN commitment on supporting business property has not slackened. In fact, during the pandemic, BTN continuously provides support for the government program.The distribution of subsidized KPR is still a mainstay of BTN for the One Million Houses program.

     

    Source : Bank BTN (visit : https://www.btn.co.id/id/Conventional/Product-Links/Produk-BTN/Kredit-Konsumer/Pinjaman-Bangunan/KPR-BTN-Subsidi)

    Positive Trend in Q3  2020

    There is a positive trend during Q3 2020 after it drastically dropped earlier in the year, indicates there is potential for the revival of Commercial Property Demand in Q4 2020 and the next Q1 2021.

    Source : Bank Indonesia

    Hotels and convention halls are two sectors whose demand has risen quite drastically in the Q3 after falling badly in the previous quarter. This demonstrates positive potential for its development in the future. Meanwhile, the demand of apartment remains low and still struggles to revive until now.

    Growth of Commercial Property Demand in Jabodetabek

    Overall in Jabodetabek, the commercial property sector also experienced a positive increase during Q3 2020.

    In Jakarta, all commercial property demands show positivism with hotels being the most prominent in their development at Q3 2020. After previously shows a negative number, the total index in Q3 has at least increased to be positive.

    Source : Bank Indonesia

     Meanwhile, the growth in the total commercial property index jumped drastically in Bogor, Depok and Bekasi. Same case with Jakarta, its hotel sector are also the most prominent in reviving, at least in the Q3 2020.

    Source : Bank Indonesia

    As we can see on charts above, the hotel segment shows a great improvement in demand. This was driven by various kinds of promotions offered by hotels to adapt in this situation such as providing huge discount, staycation packages, working from hotels offer, and wedding reception packages.

    Why Hotels?

    As Indonesia gradually eases lockdown restrictions, the hotel occupancy rates across the country including Jakarta, have slowly started to pick up. However this is not without several efforts and sacrifices driven by people in the hotels sector to improve and revive the hospitality business sector in Indonesia.

    To get through this hard times, efficiency and innovation are the main keys. Therefore, there are several trends created specifically to adapt to this era. Hotels competing with each other to offer a flood of discounts. To further intensify its sales strategy, there are several e-commerce platforms that is becoming a  great place to advertise rooms and staycation packages, such as Traveloka. The Buy Now Stay Later also sticks to this trend.

    Hotels discounts on Traveloka (Source : Traveloka)

    Another new trend is the Work From Hotel (WFH). As you might know, the abbreviation of WFH was initially stands for Work From Home. To connect the dots, Working From Hotel then exist and created because there are more and more office workers are getting bored with the atmosphere of their house and desperate to look for a new atmosphere. It’s a trend where hotels prepare rooms, complete with equipment and facilities to work (e.g : Wi-Fi , stationer, and free printing facilities,etc).

    Source : Instagram @harrisfxsudirman and @arunasenggigi

    During the transitional PSBB period, indoor wedding receptions are allowed to be held again after previously was banned temporarily due to the massive increase of the Covid-19 spread. This becomes the opportunity that triggers the revival for the hotel business.

    However, this permission is also accompanied by the requirement to fulfill and comply with the health protocols made by the government. These includes the limitation of attendees to a maximum of 25 percent of normal capacity. Then, the seating distance for visitors is set at least 1.5 meters. Visitors are also prohibited from passing by or changing seats. The eating and drinking utensils must be sterilized, while the serving of food is prohibited from using a buffet. Last but not least, the wedding staffs are required to wear a mask, face shield and gloves.

    One of the breakthrough in this trend was the make of  “Virtual Wedding” ever since June 2020. As this was the case held by The Sunan Hotel Solo, which offer a virtual wedding service package for 44.5 million. The event is only attended by the couple and their family members, meanwhile guests are able to attend the wedding virtually through various platforms such as Zoom, YouTube, Facebook and Instagram, while enjoying food sent by the hotel to their residences.

                                                                                                              Source: The Sunan Hotels Solo

    Finally, we might conclude that the property business in Indonesia has the potential to develop more despite the massive impact it has taken from pandemic outburst. Combining the stakeholders effort and the government’s support to stimulate this sector are expected to help revive the business sector in the future.

     

    References

    Bank Indonesia. (2020). Perkembangan Properti Komersial (PPKOM).

    Kementerian Pekerjaan Umum dan Perumahan Rakyat. (2020, November 3). Tingkatkan Kepemilikan Hunian Layak, Realisasi Program Sejuta Rumah Hingga Akhir Oktober 2020 Capai 601.637 Unit. Retrieved from https://www.pu.go.id/berita/view/18970/tingkatkan-kepemilikan-hunian-layak-realisasi-program-sejuta-rumah-hingga-akhir-oktober-2020-capai-601-637-unit

    Kementerian Pekerjaan Umum dan Perumahan Rakyat . (2020, January 3). Capaian Pembangunan Rumah Tembus 1,25 Juta Unit. Retrieved from https://perumahan.pu.go.id/berita/view/227/capaian-pembangunan-rumah-tembus-1-25-juta-unit

    Kompas. (2020, July 29). Alokasi Tambahan Rp 1,5 Triliun untuk Perumahan Terkait 3 Program. Retrieved from https://properti.kompas.com/read/2020/07/29/191334021/alokasi-tambahan-rp-15-triliun-untuk-perumahan-terkait-3-program?page=all

    BUMN inc. (2020). Target Penyaluran KPR Bank BTN Naik Menjadi 300.000 Unit Per Tahun. Retrieved from http://bumninc.com/target-penyaluran-kpr-bank-btn-naik-menjadi-300-000-unit-per-tahun/?more=2

    WHY COMPANIES STILL USE MARKETING EMAIL? | Indonesia Research Institute Japan

    This post is written by Raffi Alfananda, Market Research & Business Development at PT Indonesia Research Institute Japan Jakarta, a global management consulting firm on business strategy.”

     

    Email is an effective marketing channel using emails to promote the products and services of your business, direct marketing and digital marketing. It can help your clients to grasp your marketing automation efforts or integrate your current products. It is also important for you to build a marketing strategy through the creation of leads, brand awareness, relationships and satisfaction of customers with purchases through different kinds of emails.. It can also be a more supple sale to inform your viewers of your brand’s value or to make purchases for them.

     

    How does marketing email work?

    Email marketing allows you to target customer groups or even particular individuals. One way to do this is to offer special offers to customers for goods or services. It is easy to establish and track email marketing, making it accessible to others, even small businesses. For instance, a newsletter may be added to your website. When you register, you can send newsletters to a wider audience. Subscribers can also be sent to newsletters from the social networks.

     

    The benefit of email marketing  

    Using email is one of the best ways to market products and reach customers, here are some of the benefits of email marketing : 

    • Costs incurred are small 

    Email marketing is arguably cheaper than other ways of marketing. Companies don’t have to spend budgets on printing costs or incentives to air products, for example on TV or on social media. Email marketing may consider investing more in automation, follow-up, and custom email assessment software. However, additional charges can be applied to send thousands of emails at once. But the cost is still much lower. 

    • Business profits will increase 

    Email marketing is excellent for mandatory purchases. Email marketing drives sales, unlike other media with offers that provide attractive links and direct payments. It also allows companies to use marketing psychology to increase sales of their products.

    • Email is an effective way to provide information to consumers 

    The strategy is very efficient in maintaining business and consumer relationships. Indeed, consumers are often looking for the product they want for an email marketing campaign. In addition, you also expect coupons that are of course included in email marketing to receive services specific to the product of their choice. E-mail marketing can also be used to supply consumer content.

    • Easy to integrate with certain methods of marketing 

    For business people, the flexibility of email marketing is important. That refers to the business team’s ability to manage how their customers love an email. It does not make email marketing difficult because of the advantages given, which allows us to package our goods for sale by e-mail

    • increase website visits

    E-Mail is a good and quick way to access the company’s website to potential customers. This definitely increases your likelihood of knowing which products are not in emails. Include a social media account share button in emails that encourage consumers to promote your corporate content on the social media channels of your social media.

     

    Advantages and disadvantages of using email marketing 

    Email marketing has a number of advantages as a means to market the products or services you sell. The use of this email is personal so that it can give more intense attention to customers and potential customers. Here are the advantages of email marketing: 

    (+) Advantages:

    • It’s easy to use and practical

    Because of the use of this email, you can send it immediately and automatically, the customers and potential customers will receive it easily and quickly without being constrained by time and place. So you need to consider the advantages and disadvantages of such emails.  

    • Directly interact with customers 

    The first thing that makes email marketing better than other platforms is that email marketing is directly addressed to customers. Whether you’re doing a promotion or just a promotional email, customers will get it directly to your email inbox.

    • Reach customers broadly 

    A greater reach of customers is the advantage gained from using email for promotions. If the use of other marketing by the region is limited, customers from countries other than Indonesia can be reached by email marketing.

     

     

    (-) Disadvantages 

    Although email marketing offers many advantages for product promotional activities, there are some drawbacks to using email. Here are some of the drawbacks of email marketing: 

    • Possibility of sent email being ignored 

    Also, email marketing is a thing that customers often ignore because it is not appealing. In addition, it may be because your email marketing is not considered in any way that emails are being sent at the wrong time. Thus, send the content and timely content of your data email marketing.

    • May cause spam because of many emails are sent  

    When the email we send to others is quite a lot, Google will send the email to the spam box to prevent anyone from reading it. Moreover, e-mail marketing can not usually enter customers directly.

    • Not everyone has email 

    On the other hand, the use of this email is less effective if many of your customers do not have an email. You can imagine what it would be like if it turned out that the target consumers who are interested in your product do not have an email.

     

    Indonesia Research Institute Japan offers all services from desk research, in-depth interview, feasibility studies  and market surveys for better understanding of any topic that your company is interested in. 

    For More Information and Services, please contact us :

    Consulting Services info :

    Hotline:  +6285718923842

    Email: contact@indonesiasoken.com

     

     

    References 

    Email Marketing: Pengertian, Strategi, dan Tips Suksesnya. Glints Blog. (2020, April 6). https://glints.com/id/lowongan/apa-itu-email-marketing/#.YKchbb4zbIU. 

    Webadmin. (2020, March 17). Bagaimana Cara Kerja Email Marketing Dan Optimasinya. Jasa Konsultan IT – Surya Semesta. 

    https://suryasemesta.com/bagaimana-cara-kerja-email-marketing-dan-optimasinya.html.

    Download English & Japanese Version Here

    Share this post!

    We’ve got more coming…

    Want to hear updates and seminars from our company?
    Sign up for our newsletter and we’ll email you every time we have new updates.

      Authored by : Fitri Aulia | 22 December 2020

      Recent Property Development

      The Covid-19 pandemic has dealt a quite severe blow to the property business sector in 2020. During the PSBB period, business activities were very sluggish and it can be said that some business actors suffered severe losses.

      However, entering the new normal period, the economic activity in several sectors including property has begun to revive from the previous period. The role of the government triggers the revival of Indonesia’s property business activities.

       Government Stimulus

      The assistance provided by the government is in the form of subsidies or incentives for interest subsidies to debtors of public housing credit (KPR), which is contained in the Minister of Finance Regulation (PMK) Number 138 / PMK.05 / 2020 and amendments to PMK 85 / PMK.05 / 2020 regarding the guidelines for providing interest subsidies in the effort to implement the National Economic Recovery program.

      In early March 2020, the Government decided to increase the allocation of housing financing assistance by IDR 1.5 trillion for Low-Income Communities (MBR). This was stated by the Director General of Infrastructure Financing of the Ministry of Public Works and Public Housing (PUPR) Eko Djoeli Heripoerwanto in a webinar, Wednesday (29/7/2020).

      In addition, the Government also has Bank BTN as their partner-collaboration to implement their OMH Program aimed at Low-Income Communities (MBR) with low interest rates and low installments for the purchase of a prosperous tread house and a welfare apartment.

      Bank BTN noted, in 2015 they have provided housing financing assistance totaling 474,099 units. Then in 2016 as many as 595,540 units, in 2017 to 666,806 units, in 2018 to 755,093 units, and in 2019 to 735,749 units.

      As of September 2020, BTN has provided home ownership credit support (KPR) of 93,448 units which cost as much as Rp. 15.6 trillion. These support provided by BTN is significant for the survival of the business property sector.

      BTN commitment on supporting business property has not slackened. In fact, during the pandemic, BTN continuously provides support for the government program.The distribution of subsidized KPR is still a mainstay of BTN for the One Million Houses program.

       

      Source : Bank BTN (visit : https://www.btn.co.id/id/Conventional/Product-Links/Produk-BTN/Kredit-Konsumer/Pinjaman-Bangunan/KPR-BTN-Subsidi)

      Positive Trend in Q3  2020

      There is a positive trend during Q3 2020 after it drastically dropped earlier in the year, indicates there is potential for the revival of Commercial Property Demand in Q4 2020 and the next Q1 2021.

      Source : Bank Indonesia

      Hotels and convention halls are two sectors whose demand has risen quite drastically in the Q3 after falling badly in the previous quarter. This demonstrates positive potential for its development in the future. Meanwhile, the demand of apartment remains low and still struggles to revive until now.

      Growth of Commercial Property Demand in Jabodetabek

      Overall in Jabodetabek, the commercial property sector also experienced a positive increase during Q3 2020.

      In Jakarta, all commercial property demands show positivism with hotels being the most prominent in their development at Q3 2020. After previously shows a negative number, the total index in Q3 has at least increased to be positive.

      Source : Bank Indonesia

       Meanwhile, the growth in the total commercial property index jumped drastically in Bogor, Depok and Bekasi. Same case with Jakarta, its hotel sector are also the most prominent in reviving, at least in the Q3 2020.

      Source : Bank Indonesia

      As we can see on charts above, the hotel segment shows a great improvement in demand. This was driven by various kinds of promotions offered by hotels to adapt in this situation such as providing huge discount, staycation packages, working from hotels offer, and wedding reception packages.

      Why Hotels?

      As Indonesia gradually eases lockdown restrictions, the hotel occupancy rates across the country including Jakarta, have slowly started to pick up. However this is not without several efforts and sacrifices driven by people in the hotels sector to improve and revive the hospitality business sector in Indonesia.

      To get through this hard times, efficiency and innovation are the main keys. Therefore, there are several trends created specifically to adapt to this era. Hotels competing with each other to offer a flood of discounts. To further intensify its sales strategy, there are several e-commerce platforms that is becoming a  great place to advertise rooms and staycation packages, such as Traveloka. The Buy Now Stay Later also sticks to this trend.

      Hotels discounts on Traveloka (Source : Traveloka)

      Another new trend is the Work From Hotel (WFH). As you might know, the abbreviation of WFH was initially stands for Work From Home. To connect the dots, Working From Hotel then exist and created because there are more and more office workers are getting bored with the atmosphere of their house and desperate to look for a new atmosphere. It’s a trend where hotels prepare rooms, complete with equipment and facilities to work (e.g : Wi-Fi , stationer, and free printing facilities,etc).

      Source : Instagram @harrisfxsudirman and @arunasenggigi

      During the transitional PSBB period, indoor wedding receptions are allowed to be held again after previously was banned temporarily due to the massive increase of the Covid-19 spread. This becomes the opportunity that triggers the revival for the hotel business.

      However, this permission is also accompanied by the requirement to fulfill and comply with the health protocols made by the government. These includes the limitation of attendees to a maximum of 25 percent of normal capacity. Then, the seating distance for visitors is set at least 1.5 meters. Visitors are also prohibited from passing by or changing seats. The eating and drinking utensils must be sterilized, while the serving of food is prohibited from using a buffet. Last but not least, the wedding staffs are required to wear a mask, face shield and gloves.

      One of the breakthrough in this trend was the make of  “Virtual Wedding” ever since June 2020. As this was the case held by The Sunan Hotel Solo, which offer a virtual wedding service package for 44.5 million. The event is only attended by the couple and their family members, meanwhile guests are able to attend the wedding virtually through various platforms such as Zoom, YouTube, Facebook and Instagram, while enjoying food sent by the hotel to their residences.

                                                                                                                Source: The Sunan Hotels Solo

      Finally, we might conclude that the property business in Indonesia has the potential to develop more despite the massive impact it has taken from pandemic outburst. Combining the stakeholders effort and the government’s support to stimulate this sector are expected to help revive the business sector in the future.

       

      References

      Bank Indonesia. (2020). Perkembangan Properti Komersial (PPKOM).

      Kementerian Pekerjaan Umum dan Perumahan Rakyat. (2020, November 3). Tingkatkan Kepemilikan Hunian Layak, Realisasi Program Sejuta Rumah Hingga Akhir Oktober 2020 Capai 601.637 Unit. Retrieved from https://www.pu.go.id/berita/view/18970/tingkatkan-kepemilikan-hunian-layak-realisasi-program-sejuta-rumah-hingga-akhir-oktober-2020-capai-601-637-unit

      Kementerian Pekerjaan Umum dan Perumahan Rakyat . (2020, January 3). Capaian Pembangunan Rumah Tembus 1,25 Juta Unit. Retrieved from https://perumahan.pu.go.id/berita/view/227/capaian-pembangunan-rumah-tembus-1-25-juta-unit

      Kompas. (2020, July 29). Alokasi Tambahan Rp 1,5 Triliun untuk Perumahan Terkait 3 Program. Retrieved from https://properti.kompas.com/read/2020/07/29/191334021/alokasi-tambahan-rp-15-triliun-untuk-perumahan-terkait-3-program?page=all

      BUMN inc. (2020). Target Penyaluran KPR Bank BTN Naik Menjadi 300.000 Unit Per Tahun. Retrieved from http://bumninc.com/target-penyaluran-kpr-bank-btn-naik-menjadi-300-000-unit-per-tahun/?more=2

      Article News: Investment Realization in Q1 2021: 219.7 Trillion Yen | Indonesia Research Institute Japan

      (Source: https://www.bkpm.go.id/id/publikasi/siaran-pers/readmore/2420901/71101)

       

      The Board for the Coordination of Investment (BKPM) has again released data showing that investment realizations in the first quarter (January-March) of 2021 reached Rp 219.7 trillion, an increase of 4.3 percent compared to the first quarter of 2020. Meanwhile, there was a 2.4 percent increase compared to the previous quarter.

       

      In a press conference release on investment realization in the first quarter of 2021, the head of BKPM informed that the achievement of investment realization of 219.7 trillion rupiah contributed to 25.5% of the national target of 858.5 trillion rupiah. For the rest of Java, the increase was 11.7%. 7% compared to 2020 for the same period, (ii) manufacturing dominated the realization of investment, namely base metal industry, metal products, machinery and equipment, but not food industry, and automotive industry and other means of transportation, (iii) Switzerland for the first time ranked as the fifth highest FDI contributor to FDI in Indonesia (iv) Switzerland ranked as the fifth highest FDI contributor to Indonesia for the first time, Bahlil added.

       

      Domestic investment growth in the first quarter of 2021 increased by 4.2 percent from Rp103.6 trillion in the fourth quarter of 2020 to Rp108.0 trillion in the first quarter of 2021. This is an increase of 14.0%. The realization rate of foreign direct investment reached 50.8 percent in the first quarter of 2021.

       

      “Foreign investment realization rate of 50.8%” shows that the world’s confidence in Indonesia’s investment climate and investment potential is growing. This, of course, should earn us gratitude for the cooperation of all stakeholders who are working together to encourage investment growth, especially when the Covid-19 pandemic continues today.”

       

      Based on a report on the largest foreign investment activity for the period January-March 2021, it includes the automotive and other transportation equipment sectors, food and beverage industry, transportation, warehousing, telecommunications, mining, and non-ferrous base metal manufacturing with an investment realization value of US$1.8 billion.

       

      “West Java received the largest portion of the five main PMA contributors to the realization this quarter, the first being investment in the motorized vehicle sector to produce electric engine vehicles and the construction of high-speed rail infrastructure. These two projects will be one of the stepping stones to increase Indonesia’s potential in the eyes of the world. Personally, I believe that investment expansion will continue in other areas. One such area is Central Java, with several priority projects in the Batang Industrial Zone with government prepared facilities and infrastructure. We are also currently facilitating the establishment of an asphalt KEK in Buton to reduce dependence on imported asphalt and improve the local economy,” said Bahlil Lahadalia.

       

      BKPM also points out that the investment realizations (PMDN & PMA) based on the location of the projects (top 5) are as follows. West Java (37.1 trillion rupiah, 16.9%), DKI Jakarta (23.3 trillion rupiah, 10.6%), East Java (17.0 trillion rupiah, 7.8%), Banten (14.8 trillion rupiah, 6.7%), and Central Java (12.3 trillion rupiah, 5.6%).

       

      In the first quarter of 2021, investment realization outside Java amounted to Rp. 114.4 trillion, an increase of 11.7% compared to Rp. 102.4 trillion in the same period of 2020. Meanwhile, the investment realization (PMDN & PMA) based on business sectors (top 5) are as follows Housing, industrial parks and offices (29.4 trillion rupiah, 13.4%), basic metal industry, metal products, non-machinery and equipment (27.9 trillion rupiah, 12.7%), transportation, warehousing and telecommunications (25.6 trillion rupiah, 11.7%), food industry (21.8 trillion rupiah, 9.9%), and electricity, gas and water (20.2 trillion rupiah, 9. .2 percent).

       

      “In the PMDN, the largest investments are in power supply infrastructure projects in Lampung and Maluku provinces, and in port development in Central Kalimantan. This investment follows the President’s directive to improve the quality of infrastructure outside Java in an effort to achieve economic equality.” said Bahlil Lahadalia.

       

      The top five countries of origin for foreign investors are as follows Singapore (US$2.6 billion, 34.0%), China (US$1 billion, 13.6%), South Korea (US$0.9 billion, 11.1%), China and Hong Kong (US$0.8 billion, 10.8%), and Switzerland (US$0.5 billion, 6.1%).

      Chart of Investment Realization by Country (Top 5)

      “We are currently finalizing UUCK’s implementing regulations, especially those related to the implementation of risk-based business licensing. Our goal is to have the entire infrastructure for risk-based business licensing and supervision services operational by the end of the first semester of 2021 at the latest. We are confident that we will be able to achieve our investment goals by launching a new business licensing regime, implementing the programs we have in place, and continuing to market the potential for investment in Indonesia through our overseas networks.” said Bahlil Lahadalia, head of BKPM, at the event.

       

      Data on PMDN-PMA investment realization for Q1 2021

       

      In the first quarter of 2021, PMDN’s investment realization slowed down by 4.2% compared to the same period in 2020, with investment realization ranging from Rp.112.7 trillion to Rp.108.0 trillion.

      Foreign direct investment realizations in the first quarter of 2021 increased by 14.0% compared to the same period last year, from Rp. 98.0 trillion to Rp. 111.7 trillion in investment realizations.

       

      From the investment realization achievement of PMDN and PMA in the first quarter of 2021, the following points are important :

       

      1. domestic direct investment realization

      The top five domestic investment realizations based on business sector are as follows Housing, industrial parks, and offices (Rp 21.6 trillion); transportation, warehousing, and telecommunications (Rp 13.3 trillion); electricity, gas, and water (Rp 11.5 trillion); food crops, plantations, and livestock (Rp 9.9 trillion); and construction (Rp 9.6 trillion). Putting all the industrial sectors together, it can be seen that the industrial sector accounts for Rp 23.0 trillion or 21.3% of the total PMDN.

      Based on the location of the projects, the top five realized PMDN investments are as follows West Java (Rp.16.0 trillion), East Java (Rp.10.0 trillion), DKI Jakarta (Rp.8.7 trillion), Central Java (IDR 8.4 trillion), and Banten (Rp.7.0 trillion).

       

      1. Status of Realization of Foreign Direct Investment

      The top five PMA investment realizations by business sector are as follows. Basic metal industry, metal products, non-machinery and equipment (US$1.7 billion), food industry (US$1 billion), transportation, warehousing and communication (US$0.8 billion), electricity, gas and water (US$0.6 billion), and automobile and other transportation equipment industry (US$0.6 billion). When all industrial sectors are combined, the industrial sector contributes the most, at US$4.5 billion (58.5% of total FDI).

      Image of Investment Realization by Sector

      If viewed based on project location, the top 5 realized PMA investments are: West Java (US $ 1.4 billion); DKI Jakarta (US $ 1.0 billion); Central Sulawesi (US $ 0.6 billion); Riau (US $ 0.6 billion); and Southeast Sulawesi (US $ 0.5 billion).

      Image of Investment Realization by Location

      The top five FDI realizations by country of origin are as follows. Singapore (US$2.6 billion), China (US$1 billion), South Korea (US$0.9 billion), China and Hong Kong (US$0.8 billion), and Switzerland (US$0.5 billion).



      1. Distribution of project sites

      In the first quarter of 2021, investment realization in Java was Rp. 105.3 trillion, while investment realization outside Java was Rp. 114.4 trillion In the first quarter of 2021, investment realization in Java was Rp. 105.3 trillion, while investment realization outside Java was Rp. 114.4 trillion Compared to the same period in 2020, investment in Java slowed down by 2.7%, while investment outside Java slowed down by 11.7%. Compared to the same period in 2020, investment in Java slowed down by 2.7%, while investment outside of Java increased by 11.7%. 4.



      1. Indonesia’s Labor Force 

      In the first quarter of 2021, Indonesia’s labor force absorption realization reached 311,793 workers, with 165,630 workers in PMDN projects and 146,163 workers in PMA projects.

       

      1. investment realizations by region for January-March 2021 are
      2. Investment realization in Sumatra region is Rp 52.4 trillion (23.8%), consisting of Rp 31.6 trillion from PMDN and US$1.4 billion from FDI.
      3. b. Investment realization in Java region was Rp 105.3 trillion (47.9%), of which Rp 50.8 trillion was PMDN and US$3.7 billion was PMA.
      4. Investment realization in Kalimantan Region was Rp. 13.6 trillion (6.2%), of which Rp. 10.0 trillion was PMDN and US$0.2 billion was FDI.
      5. Investment realization in Sulawesi region is Rp. 27.3 trillion (12.4%), consisting of Rp. 8.8 trillion from PMDN and US$1.3 billion from PMA.
      6. e. Realized investment in the Bali-Nusa Tenggara region was Rp 7.6 trillion (3.5%), of which Rp 5.2 trillion was PMDN and US$200 million was PMA.

      The investment realization in Maluku and Papua provinces was Rp. f. Investment realization in Maluku and Papua was Rp. 13.5 trillion (6.2%), consisting of Rp. 1.7 trillion in PMDN and US$0.8 billion in PMA.



      Based on the data above, the numerous policies of the Indonesian government to attract foreign investors to invest in Indonesia, even though the country is in a pandemic state of COVID-19, have proven to be effective. I would also like to encourage Japanese investors not to hesitate to invest in Indonesia, whether through direct investment schemes or indirect investments.

       

      We are ready to assist Japanese investors who are planning to invest in Indonesia. For Japanese investors who intend to invest directly, we offer services such as market research, company establishment, and obtaining permits for foreign investors, work permits, and residence permits. We also have a reliable partner who can manage the fund for Japanese investors who wish to invest indirectly or in the Indonesian capital market.

       

      For further information, please contact us below : 

       

      Hotline : +62-857-1892-3842

      Email : contact@indonesiasoken.com



      Author Information : 

      Andre A. Manalu, S.H., M.H. The Author is an advocate / lawyer in Indonesia, who becomes a partner regarding legal matters in PT. Indonesia Research Institute Japan – Jakarta.

       

      Bibliography

       

      https://www.bkpm.go.id/id/publikasi/siaran-pers/readmore/2420901/71101

      https://www.bkpm.go.id/id/statistik/investasi-langsung-luar-negeri-fdi

      Download English & Japanese Version Here

      Share this post!

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        Authored by : Fitri Aulia | 22 December 2020

        Recent Property Development

        The Covid-19 pandemic has dealt a quite severe blow to the property business sector in 2020. During the PSBB period, business activities were very sluggish and it can be said that some business actors suffered severe losses.

        However, entering the new normal period, the economic activity in several sectors including property has begun to revive from the previous period. The role of the government triggers the revival of Indonesia’s property business activities.

         Government Stimulus

        The assistance provided by the government is in the form of subsidies or incentives for interest subsidies to debtors of public housing credit (KPR), which is contained in the Minister of Finance Regulation (PMK) Number 138 / PMK.05 / 2020 and amendments to PMK 85 / PMK.05 / 2020 regarding the guidelines for providing interest subsidies in the effort to implement the National Economic Recovery program.

        In early March 2020, the Government decided to increase the allocation of housing financing assistance by IDR 1.5 trillion for Low-Income Communities (MBR). This was stated by the Director General of Infrastructure Financing of the Ministry of Public Works and Public Housing (PUPR) Eko Djoeli Heripoerwanto in a webinar, Wednesday (29/7/2020).

        In addition, the Government also has Bank BTN as their partner-collaboration to implement their OMH Program aimed at Low-Income Communities (MBR) with low interest rates and low installments for the purchase of a prosperous tread house and a welfare apartment.

        Bank BTN noted, in 2015 they have provided housing financing assistance totaling 474,099 units. Then in 2016 as many as 595,540 units, in 2017 to 666,806 units, in 2018 to 755,093 units, and in 2019 to 735,749 units.

        As of September 2020, BTN has provided home ownership credit support (KPR) of 93,448 units which cost as much as Rp. 15.6 trillion. These support provided by BTN is significant for the survival of the business property sector.

        BTN commitment on supporting business property has not slackened. In fact, during the pandemic, BTN continuously provides support for the government program.The distribution of subsidized KPR is still a mainstay of BTN for the One Million Houses program.

         

        Source : Bank BTN (visit : https://www.btn.co.id/id/Conventional/Product-Links/Produk-BTN/Kredit-Konsumer/Pinjaman-Bangunan/KPR-BTN-Subsidi)

        Positive Trend in Q3  2020

        There is a positive trend during Q3 2020 after it drastically dropped earlier in the year, indicates there is potential for the revival of Commercial Property Demand in Q4 2020 and the next Q1 2021.

        Source : Bank Indonesia

        Hotels and convention halls are two sectors whose demand has risen quite drastically in the Q3 after falling badly in the previous quarter. This demonstrates positive potential for its development in the future. Meanwhile, the demand of apartment remains low and still struggles to revive until now.

        Growth of Commercial Property Demand in Jabodetabek

        Overall in Jabodetabek, the commercial property sector also experienced a positive increase during Q3 2020.

        In Jakarta, all commercial property demands show positivism with hotels being the most prominent in their development at Q3 2020. After previously shows a negative number, the total index in Q3 has at least increased to be positive.

        Source : Bank Indonesia

         Meanwhile, the growth in the total commercial property index jumped drastically in Bogor, Depok and Bekasi. Same case with Jakarta, its hotel sector are also the most prominent in reviving, at least in the Q3 2020.

        Source : Bank Indonesia

        As we can see on charts above, the hotel segment shows a great improvement in demand. This was driven by various kinds of promotions offered by hotels to adapt in this situation such as providing huge discount, staycation packages, working from hotels offer, and wedding reception packages.

        Why Hotels?

        As Indonesia gradually eases lockdown restrictions, the hotel occupancy rates across the country including Jakarta, have slowly started to pick up. However this is not without several efforts and sacrifices driven by people in the hotels sector to improve and revive the hospitality business sector in Indonesia.

        To get through this hard times, efficiency and innovation are the main keys. Therefore, there are several trends created specifically to adapt to this era. Hotels competing with each other to offer a flood of discounts. To further intensify its sales strategy, there are several e-commerce platforms that is becoming a  great place to advertise rooms and staycation packages, such as Traveloka. The Buy Now Stay Later also sticks to this trend.

        Hotels discounts on Traveloka (Source : Traveloka)

        Another new trend is the Work From Hotel (WFH). As you might know, the abbreviation of WFH was initially stands for Work From Home. To connect the dots, Working From Hotel then exist and created because there are more and more office workers are getting bored with the atmosphere of their house and desperate to look for a new atmosphere. It’s a trend where hotels prepare rooms, complete with equipment and facilities to work (e.g : Wi-Fi , stationer, and free printing facilities,etc).

        Source : Instagram @harrisfxsudirman and @arunasenggigi

        During the transitional PSBB period, indoor wedding receptions are allowed to be held again after previously was banned temporarily due to the massive increase of the Covid-19 spread. This becomes the opportunity that triggers the revival for the hotel business.

        However, this permission is also accompanied by the requirement to fulfill and comply with the health protocols made by the government. These includes the limitation of attendees to a maximum of 25 percent of normal capacity. Then, the seating distance for visitors is set at least 1.5 meters. Visitors are also prohibited from passing by or changing seats. The eating and drinking utensils must be sterilized, while the serving of food is prohibited from using a buffet. Last but not least, the wedding staffs are required to wear a mask, face shield and gloves.

        One of the breakthrough in this trend was the make of  “Virtual Wedding” ever since June 2020. As this was the case held by The Sunan Hotel Solo, which offer a virtual wedding service package for 44.5 million. The event is only attended by the couple and their family members, meanwhile guests are able to attend the wedding virtually through various platforms such as Zoom, YouTube, Facebook and Instagram, while enjoying food sent by the hotel to their residences.

                                                                                                                  Source: The Sunan Hotels Solo

        Finally, we might conclude that the property business in Indonesia has the potential to develop more despite the massive impact it has taken from pandemic outburst. Combining the stakeholders effort and the government’s support to stimulate this sector are expected to help revive the business sector in the future.

         

        References

        Bank Indonesia. (2020). Perkembangan Properti Komersial (PPKOM).

        Kementerian Pekerjaan Umum dan Perumahan Rakyat. (2020, November 3). Tingkatkan Kepemilikan Hunian Layak, Realisasi Program Sejuta Rumah Hingga Akhir Oktober 2020 Capai 601.637 Unit. Retrieved from https://www.pu.go.id/berita/view/18970/tingkatkan-kepemilikan-hunian-layak-realisasi-program-sejuta-rumah-hingga-akhir-oktober-2020-capai-601-637-unit

        Kementerian Pekerjaan Umum dan Perumahan Rakyat . (2020, January 3). Capaian Pembangunan Rumah Tembus 1,25 Juta Unit. Retrieved from https://perumahan.pu.go.id/berita/view/227/capaian-pembangunan-rumah-tembus-1-25-juta-unit

        Kompas. (2020, July 29). Alokasi Tambahan Rp 1,5 Triliun untuk Perumahan Terkait 3 Program. Retrieved from https://properti.kompas.com/read/2020/07/29/191334021/alokasi-tambahan-rp-15-triliun-untuk-perumahan-terkait-3-program?page=all

        BUMN inc. (2020). Target Penyaluran KPR Bank BTN Naik Menjadi 300.000 Unit Per Tahun. Retrieved from http://bumninc.com/target-penyaluran-kpr-bank-btn-naik-menjadi-300-000-unit-per-tahun/?more=2

        Understanding Land Value Capture | Indonesia Research Institute Japan

        “This post is written by Moh Mahrus Ali, Market Research & Business Development at PT Indonesia Research Institute Japan Jakarta, a global management consulting firm on business strategy”

        Director General of Infrastructure Financing of the Ministry of Public Works and Housing (MPWH), Eko D. Haripoerwanto provides his full support so that this Land Value Capture scheme can be applied to the construction of road and bridge sector infrastructure as a first step. This support was said in his remarks at the Focus Group Discussion with the theme Opportunities for the Implementation of Infrastructure Financing Through the Land Value Capture (LVC) Scheme in Indonesia which was held in November 2020. Then what exactly is this Land Value Capture? In this article, we will discuss the basics of Land Value Capture.

         

        Land Value Capture

        Land Value Capture is a policy of utilizing an increase in land value resulting from investments, activities and government policies in the region. The Land Value Capture Scheme is one of the infrastructure financing schemes that has also been widely implemented in various countries, where the Government uses 2 (two) instruments, namely tax-based (tax-based) and development-based (development-based) to capture the benefits and abundance of benefits from infrastructure development. against the increase in land value.

         

        Table 1. Description of Land Value Capture Mechanism

        Source : Suzuki, Murakami, Hong, & Tamayose, 2015

        The benefits of the LVC scheme in infrastructure financing include obtaining alternative sources of financing that can be used for other public sector investments and increased regional revenue from increased taxes and levies. As we all know, the infrastructure development that has been carried out by the Government has had an impact on increasing the quality and quantity of infrastructure in Indonesia and has had a multiplier effect on many sectors and people’s lives. The government will continue to increase this impact by implementing several LVC instruments.




        LVC Funding Practices in Various Countries

        • Hong Kong

        Hong Kong is one of the largest and most populous megapolitan cities in the world with 6,300 inhabitants per square meter (United Nations, 2019). In addition, Hong Kong has the world’s busiest mass transportation system with 10 rail-based mass transportation lines along 128 km serving 4 million passenger trips per day. Rail-based mass transportation is managed by the MTR Corporation, a Special Purpose Vehicle (SPV) in the form of a builder, operator and management business entity which is 75% owned by the Hong Kong government.

        In the Hong Kong LVC funding scheme, the government gives privileges to property developers to build property on government-owned land at a price before transportation infrastructure is built. The developer then builds and sells the property on the government land at a price after the transportation infrastructure is built, which of course will be more expensive than the price before it was built. The profits derived from the increase in land value are then distributed in a profit sharing agreement through the MTR Corporation. The profits generated are used to finance the transportation infrastructure on the land owned by the government by returning the initial construction cost, maintenance and operational costs.


        • Tokyo, Japan

        Tokyo, with its 37 million inhabitants, has a 3,500 km long rail-based mass transportation network with 2,000 stations operated by 48 companies. Tokyo implements capitalizing on land value increases with land readjustment programs and inclusive land development schemes.

        The land conditions in Tokyo are already very limited for building rail-based mass transportation facilities, therefore the Japanese government invites already developed land voters to donate part of their land for transportation infrastructure and convert their land from single-use to mixed land ( mixed use) in exchange for incentives. In addition, land owners around the transportation route are consolidated so that the value of the Building Area Coefficient (KLB) can be increased and receive subsidies.


        • Linha Verde Metro, Portugal

        Linha Verde Metro is a 9 km long transportation line and consists of 13 stations. To finance the construction and operation of this mass transport route, the Portuguese government provided air-right-sales to landowners around Linha Verde. The government sells the Building Area Coefficient (KLB) development to landowners so that they can increase the density of commercial buildings by elevating them. The revenue from the sale of the Building Area Coefficient (KLB) development is used to fund Linha Verde.

         

        The Indonesian Government’s great support for the application of Land Value Capture in Indonesia makes LVC an extraordinarily profitable business prospect. Of course, to succeed in this program, the Indonesian government requires a lot of investment from both domestic and foreign investors. This opportunity is an opportunity that cannot be missed because this program is a new program and has long-term prospects. 

        We, Indonesia Research Institute will help investors to conduct further research on this business opportunity. Indonesia Research Institute Japan offers all services from desk research, in-depth interviews, to market surveys for a better understanding of the topic that wants to be understood on how this business works.

         

        For More Information and Services, please contact us :

        Consulting Services info :

        Hotline :  +6285718923842

        Email : contact@indonesiasoken.com

        Thank you very much. 

        References

        Cervero, R., & Murakami, J. (2009). Rail and Property Development in Hong Kong: Experiences and Extensions. Urban Studies, 46(10), 2019-2043.

        Cervero, R., & Susantono, B. (1999). Rent Capitalization and Transportation Infrastructure Development in Jakarta. RURDS, 11-23.

        Froes, M., & Rebelo, J. M. (2006). Transport, Energy, and CO2 in Asia: Where Are We Going and How Do We Change It? The Better Air Quality 2008 Workshop. Bangkok, Thailand.

        Hui, E. C.-M., & Ho, V. S.-M. (2004). Land value capture mechanisms in Hong Kong and Singapore: A comparative analysis. Journal of Property Investment & Finance, 22(1), 76-100.

        Murakami, J. (2012). Transit Value Capture: New Town Codevelopment Models and Land Market Updates in Tokyo and Hong Kong. Value Capture and Land Policies, 285-320.

        Suzuki, H., Murakami, J., Hong, Y.-H., & Tamayose, B. (2015). Financing Transit Oriented Development with Land Values: Adapting Land Value Capture in Developing Countries. Washington: World Bank Group.

        Download English & Japanese Version Here

        Share this post!

        We’ve got more coming…

        Want to hear updates and seminars from our company?
        Sign up for our newsletter and we’ll email you every time we have new updates.

          Authored by : Fitri Aulia | 22 December 2020

          Recent Property Development

          The Covid-19 pandemic has dealt a quite severe blow to the property business sector in 2020. During the PSBB period, business activities were very sluggish and it can be said that some business actors suffered severe losses.

          However, entering the new normal period, the economic activity in several sectors including property has begun to revive from the previous period. The role of the government triggers the revival of Indonesia’s property business activities.

           Government Stimulus

          The assistance provided by the government is in the form of subsidies or incentives for interest subsidies to debtors of public housing credit (KPR), which is contained in the Minister of Finance Regulation (PMK) Number 138 / PMK.05 / 2020 and amendments to PMK 85 / PMK.05 / 2020 regarding the guidelines for providing interest subsidies in the effort to implement the National Economic Recovery program.

          In early March 2020, the Government decided to increase the allocation of housing financing assistance by IDR 1.5 trillion for Low-Income Communities (MBR). This was stated by the Director General of Infrastructure Financing of the Ministry of Public Works and Public Housing (PUPR) Eko Djoeli Heripoerwanto in a webinar, Wednesday (29/7/2020).

          In addition, the Government also has Bank BTN as their partner-collaboration to implement their OMH Program aimed at Low-Income Communities (MBR) with low interest rates and low installments for the purchase of a prosperous tread house and a welfare apartment.

          Bank BTN noted, in 2015 they have provided housing financing assistance totaling 474,099 units. Then in 2016 as many as 595,540 units, in 2017 to 666,806 units, in 2018 to 755,093 units, and in 2019 to 735,749 units.

          As of September 2020, BTN has provided home ownership credit support (KPR) of 93,448 units which cost as much as Rp. 15.6 trillion. These support provided by BTN is significant for the survival of the business property sector.

          BTN commitment on supporting business property has not slackened. In fact, during the pandemic, BTN continuously provides support for the government program.The distribution of subsidized KPR is still a mainstay of BTN for the One Million Houses program.

           

          Source : Bank BTN (visit : https://www.btn.co.id/id/Conventional/Product-Links/Produk-BTN/Kredit-Konsumer/Pinjaman-Bangunan/KPR-BTN-Subsidi)

          Positive Trend in Q3  2020

          There is a positive trend during Q3 2020 after it drastically dropped earlier in the year, indicates there is potential for the revival of Commercial Property Demand in Q4 2020 and the next Q1 2021.

          Source : Bank Indonesia

          Hotels and convention halls are two sectors whose demand has risen quite drastically in the Q3 after falling badly in the previous quarter. This demonstrates positive potential for its development in the future. Meanwhile, the demand of apartment remains low and still struggles to revive until now.

          Growth of Commercial Property Demand in Jabodetabek

          Overall in Jabodetabek, the commercial property sector also experienced a positive increase during Q3 2020.

          In Jakarta, all commercial property demands show positivism with hotels being the most prominent in their development at Q3 2020. After previously shows a negative number, the total index in Q3 has at least increased to be positive.

          Source : Bank Indonesia

           Meanwhile, the growth in the total commercial property index jumped drastically in Bogor, Depok and Bekasi. Same case with Jakarta, its hotel sector are also the most prominent in reviving, at least in the Q3 2020.

          Source : Bank Indonesia

          As we can see on charts above, the hotel segment shows a great improvement in demand. This was driven by various kinds of promotions offered by hotels to adapt in this situation such as providing huge discount, staycation packages, working from hotels offer, and wedding reception packages.

          Why Hotels?

          As Indonesia gradually eases lockdown restrictions, the hotel occupancy rates across the country including Jakarta, have slowly started to pick up. However this is not without several efforts and sacrifices driven by people in the hotels sector to improve and revive the hospitality business sector in Indonesia.

          To get through this hard times, efficiency and innovation are the main keys. Therefore, there are several trends created specifically to adapt to this era. Hotels competing with each other to offer a flood of discounts. To further intensify its sales strategy, there are several e-commerce platforms that is becoming a  great place to advertise rooms and staycation packages, such as Traveloka. The Buy Now Stay Later also sticks to this trend.

          Hotels discounts on Traveloka (Source : Traveloka)

          Another new trend is the Work From Hotel (WFH). As you might know, the abbreviation of WFH was initially stands for Work From Home. To connect the dots, Working From Hotel then exist and created because there are more and more office workers are getting bored with the atmosphere of their house and desperate to look for a new atmosphere. It’s a trend where hotels prepare rooms, complete with equipment and facilities to work (e.g : Wi-Fi , stationer, and free printing facilities,etc).

          Source : Instagram @harrisfxsudirman and @arunasenggigi

          During the transitional PSBB period, indoor wedding receptions are allowed to be held again after previously was banned temporarily due to the massive increase of the Covid-19 spread. This becomes the opportunity that triggers the revival for the hotel business.

          However, this permission is also accompanied by the requirement to fulfill and comply with the health protocols made by the government. These includes the limitation of attendees to a maximum of 25 percent of normal capacity. Then, the seating distance for visitors is set at least 1.5 meters. Visitors are also prohibited from passing by or changing seats. The eating and drinking utensils must be sterilized, while the serving of food is prohibited from using a buffet. Last but not least, the wedding staffs are required to wear a mask, face shield and gloves.

          One of the breakthrough in this trend was the make of  “Virtual Wedding” ever since June 2020. As this was the case held by The Sunan Hotel Solo, which offer a virtual wedding service package for 44.5 million. The event is only attended by the couple and their family members, meanwhile guests are able to attend the wedding virtually through various platforms such as Zoom, YouTube, Facebook and Instagram, while enjoying food sent by the hotel to their residences.

                                                                                                                    Source: The Sunan Hotels Solo

          Finally, we might conclude that the property business in Indonesia has the potential to develop more despite the massive impact it has taken from pandemic outburst. Combining the stakeholders effort and the government’s support to stimulate this sector are expected to help revive the business sector in the future.

           

          References

          Bank Indonesia. (2020). Perkembangan Properti Komersial (PPKOM).

          Kementerian Pekerjaan Umum dan Perumahan Rakyat. (2020, November 3). Tingkatkan Kepemilikan Hunian Layak, Realisasi Program Sejuta Rumah Hingga Akhir Oktober 2020 Capai 601.637 Unit. Retrieved from https://www.pu.go.id/berita/view/18970/tingkatkan-kepemilikan-hunian-layak-realisasi-program-sejuta-rumah-hingga-akhir-oktober-2020-capai-601-637-unit

          Kementerian Pekerjaan Umum dan Perumahan Rakyat . (2020, January 3). Capaian Pembangunan Rumah Tembus 1,25 Juta Unit. Retrieved from https://perumahan.pu.go.id/berita/view/227/capaian-pembangunan-rumah-tembus-1-25-juta-unit

          Kompas. (2020, July 29). Alokasi Tambahan Rp 1,5 Triliun untuk Perumahan Terkait 3 Program. Retrieved from https://properti.kompas.com/read/2020/07/29/191334021/alokasi-tambahan-rp-15-triliun-untuk-perumahan-terkait-3-program?page=all

          BUMN inc. (2020). Target Penyaluran KPR Bank BTN Naik Menjadi 300.000 Unit Per Tahun. Retrieved from http://bumninc.com/target-penyaluran-kpr-bank-btn-naik-menjadi-300-000-unit-per-tahun/?more=2

          Initial Public Offering Procedure in Indonesia | Indonesia Research Institute Japan

          “This post is written by Muhammad Ariq Aswata, Market Research & Business Development at PT Indonesia Research Institute Japan Jakarta, a global management consulting firm on business strategy.”

           

          The process through which a private company goes public by selling its stock to the general public is known as an initial public offering (IPO). It could be a new, young firm or an old corporation that decides to go public by listing on an exchange. After becoming a public company, the corporation can use the capital market to raise more funds, either through a limited general offering to current shareholders, a secondary offering, or a private placement. Attracting strategic investors to invest in the company will be easy.

          In order to help the company with the IPO process, the following partners will be needed:

          • Underwriter, who will assist the company in selling its shares to investors.
          • Public Accountant, who will examine the financial reports of the company;
          • Legal Counsel, who will analyze the company’s legal aspects and provide legal advice;
          • Notary, who will perform amendments to the company’s articles of incorporation, as well as make deeds and agreements;
          • Appraisal who will determine the value of the company’s fixed assets;
          • Securities Administration Bureau, who will help company to assist the administration of company’s shares/stocks ownership

          The professionals may be chosen by the company based on their track records, reputations, experience and expertise assisting other companies with their initial public offerings, and fees. The company should make certain that the capital market assisting professionals have already registered with OJK. The company needs to hold a general shareholders meeting to get shareholder approval on the plan going public and the size of the shares that will be offered to the public. To transition from a closed limited liability company to a public company (TBK), the company’s articles of incorporation must be amended. If they do not already exist, the company will need to establish a corporate secretary, internal audit, and audit committee. Prior to going public and listing the shares on the Indonesia Stock Exchange, the company must submit a Registration Statement to OJK and a Listing Application to the Indonesia Stock Exchange, both of which must be completed with the following documents:

          1. Company profile, info about the IPO plan, info about the underwriter and supporting professionals;
          2. Legal counsel’s opinion and report on legal assessment;
          3. Financial report that has been audited by a public accountant;
          4. Appraisal report;
          5. The most recent articles of incorporation as a public company, approved by the Indonesian Ministry of Law and Human Rights;
          6. Prospectus;
          7. Financial Projection.

          Going Public Process:

          • Document Preparation and Preliminary Preparation

          During the preliminary stage, the company must establish an internal team, appoint external parties to assist it with the IPO process, obtain shareholder approval on the IPO plan and amendment of the articles of association, and prepare the documents to be submitted to the Indonesia Stock Exchange and OJK.


          • Submission of a Shares Listing Preliminary Agreement Application to IDX

          The company must submit to Indonesia Securities Central Custody or Kustodian Sentral Efek Indonesia (KSEI) for the registration of its shares on a collective depository.  The Indonesia Stock Exchange will review the application and invite the company, along with the underwriter and capital market supporting professionals, to give a presentation about the company’s profile, business plan, and public offering plan. If all requirements are met, the Indonesia Stock Exchange will grant a preliminary approval known as a Shares Listing Preliminary Agreement within 10 Exchange business days of the documents being completed.

          • OJK Registration Statement Submission

          After receiving the Shares Listing Preliminary Agreement from the Indonesia Stock Exchange, the company submits the Registration Document along with its

           

          supporting documents to OJK. The prospectus is the most important supporting document. Period leading up to the publication of the prospectus summary in the newspaper and the book building process, the company must wait for OJK to grant the permission to expose their intention. OJK will issue an accurate statement after the company submits the details concerning the listing price and other required disclosure. After the Registration Statement is declared effective by OJK, the company may publicize the revision/additional info of the prospectus summary in the newspaper, provide the prospectus to the public, and undertake the public offering.



          • IDX trading, initial public offering, and stock listing

          The public offering usually lasts from one to five business days. If investor demand exceeds the amounts of shares available, allotment will be required. After the allotment, the investor’s money for the undone order must be returned (refunded). The shares will be distributed to investors electronically by KSEI.

          The company submits a listing application to the Indonesia Stock Exchange, along with supporting documents such as the effective letter of registration statement, prospectus, and shareholder composition report.

          The Indonesia Stock Exchange will grant listing permission and announce the listing of the company’s shares as well as the ticker code for trading. When investors trade the company’s shares on the Indonesia Stock Exchange, they will be familiar with the ticker code.

          Following the company’s listing on the Indonesia Stock Exchange, investors will be able to trade the company’s stocks with other investors via a brokerage or securities firm registered as an Exchange Member on the Indonesia Stock Exchange.

           

          Indonesia Research Institute Japan offers all services from desk research, in-depth interviews, to market surveys for a better understanding of the topic that wants to be understood on how this business works.

          For More Information and Services, please contact us :

          Consulting Services info :

          Hotline :  +6285718923842

          Email : contact@indonesiasoken.com

           

          Reference

          Indonesia Stock Exchange. (2015, December 20). Panduan Go Public. Retrieved from IDX.co.id: https://www.idx.co.id/Portals/0/StaticData/Information/ForCompany/Panduan-Go-Public%20_Dec-2015_English.pdf

          Download English & Japanese Version Here

          Share this post!

          We’ve got more coming…

          Want to hear updates and seminars from our company?
          Sign up for our newsletter and we’ll email you every time we have new updates.

            Authored by : Fitri Aulia | 22 December 2020

            Recent Property Development

            The Covid-19 pandemic has dealt a quite severe blow to the property business sector in 2020. During the PSBB period, business activities were very sluggish and it can be said that some business actors suffered severe losses.

            However, entering the new normal period, the economic activity in several sectors including property has begun to revive from the previous period. The role of the government triggers the revival of Indonesia’s property business activities.

             Government Stimulus

            The assistance provided by the government is in the form of subsidies or incentives for interest subsidies to debtors of public housing credit (KPR), which is contained in the Minister of Finance Regulation (PMK) Number 138 / PMK.05 / 2020 and amendments to PMK 85 / PMK.05 / 2020 regarding the guidelines for providing interest subsidies in the effort to implement the National Economic Recovery program.

            In early March 2020, the Government decided to increase the allocation of housing financing assistance by IDR 1.5 trillion for Low-Income Communities (MBR). This was stated by the Director General of Infrastructure Financing of the Ministry of Public Works and Public Housing (PUPR) Eko Djoeli Heripoerwanto in a webinar, Wednesday (29/7/2020).

            In addition, the Government also has Bank BTN as their partner-collaboration to implement their OMH Program aimed at Low-Income Communities (MBR) with low interest rates and low installments for the purchase of a prosperous tread house and a welfare apartment.

            Bank BTN noted, in 2015 they have provided housing financing assistance totaling 474,099 units. Then in 2016 as many as 595,540 units, in 2017 to 666,806 units, in 2018 to 755,093 units, and in 2019 to 735,749 units.

            As of September 2020, BTN has provided home ownership credit support (KPR) of 93,448 units which cost as much as Rp. 15.6 trillion. These support provided by BTN is significant for the survival of the business property sector.

            BTN commitment on supporting business property has not slackened. In fact, during the pandemic, BTN continuously provides support for the government program.The distribution of subsidized KPR is still a mainstay of BTN for the One Million Houses program.

             

            Source : Bank BTN (visit : https://www.btn.co.id/id/Conventional/Product-Links/Produk-BTN/Kredit-Konsumer/Pinjaman-Bangunan/KPR-BTN-Subsidi)

            Positive Trend in Q3  2020

            There is a positive trend during Q3 2020 after it drastically dropped earlier in the year, indicates there is potential for the revival of Commercial Property Demand in Q4 2020 and the next Q1 2021.

            Source : Bank Indonesia

            Hotels and convention halls are two sectors whose demand has risen quite drastically in the Q3 after falling badly in the previous quarter. This demonstrates positive potential for its development in the future. Meanwhile, the demand of apartment remains low and still struggles to revive until now.

            Growth of Commercial Property Demand in Jabodetabek

            Overall in Jabodetabek, the commercial property sector also experienced a positive increase during Q3 2020.

            In Jakarta, all commercial property demands show positivism with hotels being the most prominent in their development at Q3 2020. After previously shows a negative number, the total index in Q3 has at least increased to be positive.

            Source : Bank Indonesia

             Meanwhile, the growth in the total commercial property index jumped drastically in Bogor, Depok and Bekasi. Same case with Jakarta, its hotel sector are also the most prominent in reviving, at least in the Q3 2020.

            Source : Bank Indonesia

            As we can see on charts above, the hotel segment shows a great improvement in demand. This was driven by various kinds of promotions offered by hotels to adapt in this situation such as providing huge discount, staycation packages, working from hotels offer, and wedding reception packages.

            Why Hotels?

            As Indonesia gradually eases lockdown restrictions, the hotel occupancy rates across the country including Jakarta, have slowly started to pick up. However this is not without several efforts and sacrifices driven by people in the hotels sector to improve and revive the hospitality business sector in Indonesia.

            To get through this hard times, efficiency and innovation are the main keys. Therefore, there are several trends created specifically to adapt to this era. Hotels competing with each other to offer a flood of discounts. To further intensify its sales strategy, there are several e-commerce platforms that is becoming a  great place to advertise rooms and staycation packages, such as Traveloka. The Buy Now Stay Later also sticks to this trend.

            Hotels discounts on Traveloka (Source : Traveloka)

            Another new trend is the Work From Hotel (WFH). As you might know, the abbreviation of WFH was initially stands for Work From Home. To connect the dots, Working From Hotel then exist and created because there are more and more office workers are getting bored with the atmosphere of their house and desperate to look for a new atmosphere. It’s a trend where hotels prepare rooms, complete with equipment and facilities to work (e.g : Wi-Fi , stationer, and free printing facilities,etc).

            Source : Instagram @harrisfxsudirman and @arunasenggigi

            During the transitional PSBB period, indoor wedding receptions are allowed to be held again after previously was banned temporarily due to the massive increase of the Covid-19 spread. This becomes the opportunity that triggers the revival for the hotel business.

            However, this permission is also accompanied by the requirement to fulfill and comply with the health protocols made by the government. These includes the limitation of attendees to a maximum of 25 percent of normal capacity. Then, the seating distance for visitors is set at least 1.5 meters. Visitors are also prohibited from passing by or changing seats. The eating and drinking utensils must be sterilized, while the serving of food is prohibited from using a buffet. Last but not least, the wedding staffs are required to wear a mask, face shield and gloves.

            One of the breakthrough in this trend was the make of  “Virtual Wedding” ever since June 2020. As this was the case held by The Sunan Hotel Solo, which offer a virtual wedding service package for 44.5 million. The event is only attended by the couple and their family members, meanwhile guests are able to attend the wedding virtually through various platforms such as Zoom, YouTube, Facebook and Instagram, while enjoying food sent by the hotel to their residences.

                                                                                                                      Source: The Sunan Hotels Solo

            Finally, we might conclude that the property business in Indonesia has the potential to develop more despite the massive impact it has taken from pandemic outburst. Combining the stakeholders effort and the government’s support to stimulate this sector are expected to help revive the business sector in the future.

             

            References

            Bank Indonesia. (2020). Perkembangan Properti Komersial (PPKOM).

            Kementerian Pekerjaan Umum dan Perumahan Rakyat. (2020, November 3). Tingkatkan Kepemilikan Hunian Layak, Realisasi Program Sejuta Rumah Hingga Akhir Oktober 2020 Capai 601.637 Unit. Retrieved from https://www.pu.go.id/berita/view/18970/tingkatkan-kepemilikan-hunian-layak-realisasi-program-sejuta-rumah-hingga-akhir-oktober-2020-capai-601-637-unit

            Kementerian Pekerjaan Umum dan Perumahan Rakyat . (2020, January 3). Capaian Pembangunan Rumah Tembus 1,25 Juta Unit. Retrieved from https://perumahan.pu.go.id/berita/view/227/capaian-pembangunan-rumah-tembus-1-25-juta-unit

            Kompas. (2020, July 29). Alokasi Tambahan Rp 1,5 Triliun untuk Perumahan Terkait 3 Program. Retrieved from https://properti.kompas.com/read/2020/07/29/191334021/alokasi-tambahan-rp-15-triliun-untuk-perumahan-terkait-3-program?page=all

            BUMN inc. (2020). Target Penyaluran KPR Bank BTN Naik Menjadi 300.000 Unit Per Tahun. Retrieved from http://bumninc.com/target-penyaluran-kpr-bank-btn-naik-menjadi-300-000-unit-per-tahun/?more=2

            Indonesia LRT Prospects | Indonesia Research Institute Japan

            “This post is written by Moh Mahrus Ali, Market Research & Business Development at PT Indonesia Research Institute Japan Jakarta, a global management consulting firm on business strategy”

            The government is intensively fixing public transportation. The construction of Light Rail Transit (LRT), Mass Rapid Transit (MRT) and an increase in the number of buses, fast trains, and other modes of transportation have been intensively carried out to encourage people to switch to public transportation. It is hoped that the development of a number of infrastructure projects in the transportation sector will reduce road density. So, what about the future prospects for LRT in Indonesia?

            The Light Rail Transit (LRT) project that will be developed in Jakarta and Palembang should be followed by other cities in Indonesia. The LRT system is more suitable for big cities in Indonesia than the monorail system. The national railway is now undergoing a transformation in all lines. The government of President Joko Widodo has paid great attention to railroad development in the country, among others, by increasing the budget and actively seeking foreign investors.

            The increase in the number of urban train passengers in recent years has to be overcome by increasing the frequency of trips and the addition of carriages. This addition had an impact on the need to prepare various supporting facilities, among others, the thousands of crossing gates. That’s why there must be a solution for this, one of which is by building the LRT. President Joko Widodo has issued Presidential Decree No. 116/2015 which appointed PT Waskita Karya Tbk to build an LRT project in Palembang, South Sumatra.

            In addition to realizing a mass transportation system, the project is also to support the 2018 Asian Games sports event. The Palembang LRT will be 24.5 km long with 23 stops. The route starts from Sultan Mahmud Badaruddin II Airport to the Jakabaring Sports Complex. The investment value of the Palembang LRT is estimated at IDR 7.2 trillion. The initial plan for funding the project relied on private investors. However, because there were no private investors willing to invest, the government assigned BUMN Waskita Karya to work on the project.

             

            Worth and Cheaper

            Railway development is now a national concern. The government’s enthusiasm to develop railways can be seen, among others, from the plan to build a super fast train and the start of the construction of an integrated LRT in the DKI Jakarta, Bogor, Depok and Bekasi areas. The passion for railway development has also accelerated the process of building airport trains that are integrated with commuter trains. The railway transformation which is now the government’s determination should also be combined with local government steps to fix public transportation, develop areas, and the logistics system in the regions.

            For this reason, there is nothing wrong if the concept and plan for the development of the LRT mode of transportation is implemented in several regions in Indonesia, one of which is the reactivation of the monorail in Bandung, which until now has been neglected, is converted into the LRT transportation mode. Monorail is not sufficient or feasible to be developed into mass transportation. The monorail is less effective for spatial planning and the investment is very expensive, nor can it solve the volume of mass transport. We recommend that the West Java Provincial Government and Bandung City Government switch from the monorail to the LRT by utilizing the currently inactive train lines, such as the Bandung-Ciwidey train line. LRT investment is more feasible and cheaper because the infrastructure already exists, only the procurement of a series of LRT trains, infrastructure renovation and clearing of land which is now being taken over by irresponsible parties.

            It is time for local governments to coordinate with PT Kereta Api Indonesia (KAI) as the most competent institution in the mass transport sector, especially railways. Now the direction of developing national railways is focused on producing modern and effective solutions for public transport and logistics.

            Railway lines that have been inactive have to be revived with a railway system with more modern technology such as the LRT. The LRT system has many advantages over other modes. LRT or so-called city tram is an alternative in overcoming city congestion. LRT is very appropriate to adjust to the existing city road environment. LRT can blend with other city traffic modes. Usually the LRT consists of four series of trains or called heavy rail transit (HRT) as a set (4 carriages).

            Various technical advantages of LRT include light vehicle weight and can be made by the KA Yasa, INKA and even the bus body company. There are no emissions on the road and the sound is quiet. In addition, the LRT is a versatile transport that can run at high speed on separate roads and can penetrate narrow roads and can overcome steep gradients and sharp turns.  

             

            Economic Value Added (EVA)

            In addition, LRT can also act as a transportation solution for the needs of a metropolitan city. We need to learn and be able to reflect on the past where the Dutch colonial heritage railway played a role in accelerating the flow of population mobility. Local governments should also learn and reflect on Singapore with its commuter rail line or more popularly known as the north east line (NEL). Apart from being a cultural icon, the train is also a solution to urban transportation problems. The existence of NEL also has many features in Singapore, both in terms of the technology of the carriage circuit and the operating system. There is also an interesting side where the NEL station also functions as a gallery of art works. With this, the atmosphere of the 14 NEL stop stations has added value to the creative economy as well as a very charming cultural exhibition venue.

            The prospect of this LRT will continue to grow along with the seriousness of the Indonesian government in supporting this project. The Indonesian government will certainly continue to attract many domestic and foreign investors to participate in this big project. Of course, this opportunity is a very big opportunity for investors, but of course, to get into this big business, adequate research is needed in this field.

            We, Indonesia Research Institute will provide services for investors in relation to carry out further research on such related investment business opportunities in Indonesia. Indonesia Research Institute Japan offers all services from desk research, in-depth interviews, to market surveys for a better understanding and provide a deeper insight of the topic that you want to further understand on how this business works.

            For More Information and Services, please contact us :

            Consulting Services info :

            Hotline :  +6285718923842

            Email : contact@indonesiasoken.com

            Thank you very much.

             

            References

            Jawapos. (2021, April 15). Automotive. Retrieved May 21, 2021, from Jawapos.com: https://www.jawapos.com/oto-dan-tekno/otomotif/15/04/2018/transportasi-umum-terus-dibenahi-gimana-prospek-industri-otomotif/

            Kompas.com. (2020, November 26). Megapolitan. Retrieved May 21, 2021, from Kompas.com: https://megapolitan.kompas.com/read/2020/11/26/07470231/utak-atik-rute-lrt-jakarta-dianggap-langgar-perpres-hingga-dikritik?page=all

            Kontan. (2021, April 2021). Industry. Retrieved May 21, 2021, from Industri.kontan.co.id: https://industri.kontan.co.id/news/proyek-mrt-dan-lrt-membuat-hunian-tod-semakin-diminati

            Download English & Japanese Version Here

            Share this post!

            We’ve got more coming…

            Want to hear updates and seminars from our company?
            Sign up for our newsletter and we’ll email you every time we have new updates.

              Authored by : Fitri Aulia | 22 December 2020

              Recent Property Development

              The Covid-19 pandemic has dealt a quite severe blow to the property business sector in 2020. During the PSBB period, business activities were very sluggish and it can be said that some business actors suffered severe losses.

              However, entering the new normal period, the economic activity in several sectors including property has begun to revive from the previous period. The role of the government triggers the revival of Indonesia’s property business activities.

               Government Stimulus

              The assistance provided by the government is in the form of subsidies or incentives for interest subsidies to debtors of public housing credit (KPR), which is contained in the Minister of Finance Regulation (PMK) Number 138 / PMK.05 / 2020 and amendments to PMK 85 / PMK.05 / 2020 regarding the guidelines for providing interest subsidies in the effort to implement the National Economic Recovery program.

              In early March 2020, the Government decided to increase the allocation of housing financing assistance by IDR 1.5 trillion for Low-Income Communities (MBR). This was stated by the Director General of Infrastructure Financing of the Ministry of Public Works and Public Housing (PUPR) Eko Djoeli Heripoerwanto in a webinar, Wednesday (29/7/2020).

              In addition, the Government also has Bank BTN as their partner-collaboration to implement their OMH Program aimed at Low-Income Communities (MBR) with low interest rates and low installments for the purchase of a prosperous tread house and a welfare apartment.

              Bank BTN noted, in 2015 they have provided housing financing assistance totaling 474,099 units. Then in 2016 as many as 595,540 units, in 2017 to 666,806 units, in 2018 to 755,093 units, and in 2019 to 735,749 units.

              As of September 2020, BTN has provided home ownership credit support (KPR) of 93,448 units which cost as much as Rp. 15.6 trillion. These support provided by BTN is significant for the survival of the business property sector.

              BTN commitment on supporting business property has not slackened. In fact, during the pandemic, BTN continuously provides support for the government program.The distribution of subsidized KPR is still a mainstay of BTN for the One Million Houses program.

               

              Source : Bank BTN (visit : https://www.btn.co.id/id/Conventional/Product-Links/Produk-BTN/Kredit-Konsumer/Pinjaman-Bangunan/KPR-BTN-Subsidi)

              Positive Trend in Q3  2020

              There is a positive trend during Q3 2020 after it drastically dropped earlier in the year, indicates there is potential for the revival of Commercial Property Demand in Q4 2020 and the next Q1 2021.

              Source : Bank Indonesia

              Hotels and convention halls are two sectors whose demand has risen quite drastically in the Q3 after falling badly in the previous quarter. This demonstrates positive potential for its development in the future. Meanwhile, the demand of apartment remains low and still struggles to revive until now.

              Growth of Commercial Property Demand in Jabodetabek

              Overall in Jabodetabek, the commercial property sector also experienced a positive increase during Q3 2020.

              In Jakarta, all commercial property demands show positivism with hotels being the most prominent in their development at Q3 2020. After previously shows a negative number, the total index in Q3 has at least increased to be positive.

              Source : Bank Indonesia

               Meanwhile, the growth in the total commercial property index jumped drastically in Bogor, Depok and Bekasi. Same case with Jakarta, its hotel sector are also the most prominent in reviving, at least in the Q3 2020.

              Source : Bank Indonesia

              As we can see on charts above, the hotel segment shows a great improvement in demand. This was driven by various kinds of promotions offered by hotels to adapt in this situation such as providing huge discount, staycation packages, working from hotels offer, and wedding reception packages.

              Why Hotels?

              As Indonesia gradually eases lockdown restrictions, the hotel occupancy rates across the country including Jakarta, have slowly started to pick up. However this is not without several efforts and sacrifices driven by people in the hotels sector to improve and revive the hospitality business sector in Indonesia.

              To get through this hard times, efficiency and innovation are the main keys. Therefore, there are several trends created specifically to adapt to this era. Hotels competing with each other to offer a flood of discounts. To further intensify its sales strategy, there are several e-commerce platforms that is becoming a  great place to advertise rooms and staycation packages, such as Traveloka. The Buy Now Stay Later also sticks to this trend.

              Hotels discounts on Traveloka (Source : Traveloka)

              Another new trend is the Work From Hotel (WFH). As you might know, the abbreviation of WFH was initially stands for Work From Home. To connect the dots, Working From Hotel then exist and created because there are more and more office workers are getting bored with the atmosphere of their house and desperate to look for a new atmosphere. It’s a trend where hotels prepare rooms, complete with equipment and facilities to work (e.g : Wi-Fi , stationer, and free printing facilities,etc).

              Source : Instagram @harrisfxsudirman and @arunasenggigi

              During the transitional PSBB period, indoor wedding receptions are allowed to be held again after previously was banned temporarily due to the massive increase of the Covid-19 spread. This becomes the opportunity that triggers the revival for the hotel business.

              However, this permission is also accompanied by the requirement to fulfill and comply with the health protocols made by the government. These includes the limitation of attendees to a maximum of 25 percent of normal capacity. Then, the seating distance for visitors is set at least 1.5 meters. Visitors are also prohibited from passing by or changing seats. The eating and drinking utensils must be sterilized, while the serving of food is prohibited from using a buffet. Last but not least, the wedding staffs are required to wear a mask, face shield and gloves.

              One of the breakthrough in this trend was the make of  “Virtual Wedding” ever since June 2020. As this was the case held by The Sunan Hotel Solo, which offer a virtual wedding service package for 44.5 million. The event is only attended by the couple and their family members, meanwhile guests are able to attend the wedding virtually through various platforms such as Zoom, YouTube, Facebook and Instagram, while enjoying food sent by the hotel to their residences.

                                                                                                                        Source: The Sunan Hotels Solo

              Finally, we might conclude that the property business in Indonesia has the potential to develop more despite the massive impact it has taken from pandemic outburst. Combining the stakeholders effort and the government’s support to stimulate this sector are expected to help revive the business sector in the future.

               

              References

              Bank Indonesia. (2020). Perkembangan Properti Komersial (PPKOM).

              Kementerian Pekerjaan Umum dan Perumahan Rakyat. (2020, November 3). Tingkatkan Kepemilikan Hunian Layak, Realisasi Program Sejuta Rumah Hingga Akhir Oktober 2020 Capai 601.637 Unit. Retrieved from https://www.pu.go.id/berita/view/18970/tingkatkan-kepemilikan-hunian-layak-realisasi-program-sejuta-rumah-hingga-akhir-oktober-2020-capai-601-637-unit

              Kementerian Pekerjaan Umum dan Perumahan Rakyat . (2020, January 3). Capaian Pembangunan Rumah Tembus 1,25 Juta Unit. Retrieved from https://perumahan.pu.go.id/berita/view/227/capaian-pembangunan-rumah-tembus-1-25-juta-unit

              Kompas. (2020, July 29). Alokasi Tambahan Rp 1,5 Triliun untuk Perumahan Terkait 3 Program. Retrieved from https://properti.kompas.com/read/2020/07/29/191334021/alokasi-tambahan-rp-15-triliun-untuk-perumahan-terkait-3-program?page=all

              BUMN inc. (2020). Target Penyaluran KPR Bank BTN Naik Menjadi 300.000 Unit Per Tahun. Retrieved from http://bumninc.com/target-penyaluran-kpr-bank-btn-naik-menjadi-300-000-unit-per-tahun/?more=2

              Digital banks in Indonesia's fintech ecosystem? | Indonesia Research Institute Japan

              “This post is written by Muhammad Ariq Aswata, Market Research & Business Development at PT Indonesia Research Institute Japan Jakarta, a global management consulting firm on business strategy”

              Indonesia’s rapidly expanding fintech ecosystem has been largely pushed by a proactive government that has implemented legislation in areas such as peer-to-peer (P2P) lending, digital payments, and, most recently, digital banking with the goal of encouraging innovation and improving access to financial services. This favorable environment has piqued the interest of both domestic and international investors, many of whom are placing large bets on the prospects of digital financial services in the country. 

              Digital banks offer a variety of services. In most cases, digital banks also provide financial management capabilities that are specific to their apps. Customers can save or manage their monthly money rounds at their leisure. There are also digital banks that lack additional services but give a greater yearly percentage yield (APY).

              Several technology companies are also taking offers to buy or invest in small banks or commercial banks with core capital of less than IDR 5 trillion. They subsequently undertook a transition to fully digitalize these banks.

              Gojek, through GoPay, which already holds 21 percent of shares in Bank Jago. Meanwhile Sea Group, the holding company of Shopee and Garena, has controlled the shares of Bank Kesejahteraan Ekonomi and turned it into Bank Seabank Indonesia. The fintech company Akulaku also acquired Bank Yudha Bhakti in 2019, and made it a digital bank called Bank Neo Commerce.

              Businesses in the digital financial industry seem to have a lot of potential in Indonesia, particularly with consumers and small businesses who don’t have a bank account. Indonesia Research Institute Japan offers all services from desk research, in-depth interviews, to market surveys for a better understanding of the topic that wants to be understood on how this business works.

              For More Information and Services, please contact us :

              Consulting Services info :

              Hotline :  +6285718923842

              Email : contact@indonesiasoken.com

              References

              Indonesia, Fintechnews. (2020, December 4). Indonesia Fintech Report and Map 2020. Retrieved from Fintechnews: https://fintechnews.sg/45513/indonesia/indonesia-fintech-report-and-map-2020/

              Pertiwi, W. K. (2021, April 21). Apa Itu Bank Digital yang Kian Marak di Indonesia. Retrieved from Tekno Kompas: https://tekno.kompas.com/read/2021/04/21/09150067/apa-itu-bank-digital-yang-kian-marak-di-indonesia?page=all

              Syarizka, D. (2021, March 29). Membaca Posisi Bank Digital di Ekosistem Perbankan dan Fintech Indonesia. Retrieved from Tech in Asia: https://id.techinasia.com/posisi-bank-digital-ekosistem-perbankan-fintech-indonesia

              Download English & Japanese Version Here

              Share this post!

              We’ve got more coming…

              Want to hear updates and seminars from our company?
              Sign up for our newsletter and we’ll email you every time we have new updates.

                Authored by : Fitri Aulia | 22 December 2020

                Recent Property Development

                The Covid-19 pandemic has dealt a quite severe blow to the property business sector in 2020. During the PSBB period, business activities were very sluggish and it can be said that some business actors suffered severe losses.

                However, entering the new normal period, the economic activity in several sectors including property has begun to revive from the previous period. The role of the government triggers the revival of Indonesia’s property business activities.

                 Government Stimulus

                The assistance provided by the government is in the form of subsidies or incentives for interest subsidies to debtors of public housing credit (KPR), which is contained in the Minister of Finance Regulation (PMK) Number 138 / PMK.05 / 2020 and amendments to PMK 85 / PMK.05 / 2020 regarding the guidelines for providing interest subsidies in the effort to implement the National Economic Recovery program.

                In early March 2020, the Government decided to increase the allocation of housing financing assistance by IDR 1.5 trillion for Low-Income Communities (MBR). This was stated by the Director General of Infrastructure Financing of the Ministry of Public Works and Public Housing (PUPR) Eko Djoeli Heripoerwanto in a webinar, Wednesday (29/7/2020).

                In addition, the Government also has Bank BTN as their partner-collaboration to implement their OMH Program aimed at Low-Income Communities (MBR) with low interest rates and low installments for the purchase of a prosperous tread house and a welfare apartment.

                Bank BTN noted, in 2015 they have provided housing financing assistance totaling 474,099 units. Then in 2016 as many as 595,540 units, in 2017 to 666,806 units, in 2018 to 755,093 units, and in 2019 to 735,749 units.

                As of September 2020, BTN has provided home ownership credit support (KPR) of 93,448 units which cost as much as Rp. 15.6 trillion. These support provided by BTN is significant for the survival of the business property sector.

                BTN commitment on supporting business property has not slackened. In fact, during the pandemic, BTN continuously provides support for the government program.The distribution of subsidized KPR is still a mainstay of BTN for the One Million Houses program.

                 

                Source : Bank BTN (visit : https://www.btn.co.id/id/Conventional/Product-Links/Produk-BTN/Kredit-Konsumer/Pinjaman-Bangunan/KPR-BTN-Subsidi)

                Positive Trend in Q3  2020

                There is a positive trend during Q3 2020 after it drastically dropped earlier in the year, indicates there is potential for the revival of Commercial Property Demand in Q4 2020 and the next Q1 2021.

                Source : Bank Indonesia

                Hotels and convention halls are two sectors whose demand has risen quite drastically in the Q3 after falling badly in the previous quarter. This demonstrates positive potential for its development in the future. Meanwhile, the demand of apartment remains low and still struggles to revive until now.

                Growth of Commercial Property Demand in Jabodetabek

                Overall in Jabodetabek, the commercial property sector also experienced a positive increase during Q3 2020.

                In Jakarta, all commercial property demands show positivism with hotels being the most prominent in their development at Q3 2020. After previously shows a negative number, the total index in Q3 has at least increased to be positive.

                Source : Bank Indonesia

                 Meanwhile, the growth in the total commercial property index jumped drastically in Bogor, Depok and Bekasi. Same case with Jakarta, its hotel sector are also the most prominent in reviving, at least in the Q3 2020.

                Source : Bank Indonesia

                As we can see on charts above, the hotel segment shows a great improvement in demand. This was driven by various kinds of promotions offered by hotels to adapt in this situation such as providing huge discount, staycation packages, working from hotels offer, and wedding reception packages.

                Why Hotels?

                As Indonesia gradually eases lockdown restrictions, the hotel occupancy rates across the country including Jakarta, have slowly started to pick up. However this is not without several efforts and sacrifices driven by people in the hotels sector to improve and revive the hospitality business sector in Indonesia.

                To get through this hard times, efficiency and innovation are the main keys. Therefore, there are several trends created specifically to adapt to this era. Hotels competing with each other to offer a flood of discounts. To further intensify its sales strategy, there are several e-commerce platforms that is becoming a  great place to advertise rooms and staycation packages, such as Traveloka. The Buy Now Stay Later also sticks to this trend.

                Hotels discounts on Traveloka (Source : Traveloka)

                Another new trend is the Work From Hotel (WFH). As you might know, the abbreviation of WFH was initially stands for Work From Home. To connect the dots, Working From Hotel then exist and created because there are more and more office workers are getting bored with the atmosphere of their house and desperate to look for a new atmosphere. It’s a trend where hotels prepare rooms, complete with equipment and facilities to work (e.g : Wi-Fi , stationer, and free printing facilities,etc).

                Source : Instagram @harrisfxsudirman and @arunasenggigi

                During the transitional PSBB period, indoor wedding receptions are allowed to be held again after previously was banned temporarily due to the massive increase of the Covid-19 spread. This becomes the opportunity that triggers the revival for the hotel business.

                However, this permission is also accompanied by the requirement to fulfill and comply with the health protocols made by the government. These includes the limitation of attendees to a maximum of 25 percent of normal capacity. Then, the seating distance for visitors is set at least 1.5 meters. Visitors are also prohibited from passing by or changing seats. The eating and drinking utensils must be sterilized, while the serving of food is prohibited from using a buffet. Last but not least, the wedding staffs are required to wear a mask, face shield and gloves.

                One of the breakthrough in this trend was the make of  “Virtual Wedding” ever since June 2020. As this was the case held by The Sunan Hotel Solo, which offer a virtual wedding service package for 44.5 million. The event is only attended by the couple and their family members, meanwhile guests are able to attend the wedding virtually through various platforms such as Zoom, YouTube, Facebook and Instagram, while enjoying food sent by the hotel to their residences.

                                                                                                                          Source: The Sunan Hotels Solo

                Finally, we might conclude that the property business in Indonesia has the potential to develop more despite the massive impact it has taken from pandemic outburst. Combining the stakeholders effort and the government’s support to stimulate this sector are expected to help revive the business sector in the future.

                 

                References

                Bank Indonesia. (2020). Perkembangan Properti Komersial (PPKOM).

                Kementerian Pekerjaan Umum dan Perumahan Rakyat. (2020, November 3). Tingkatkan Kepemilikan Hunian Layak, Realisasi Program Sejuta Rumah Hingga Akhir Oktober 2020 Capai 601.637 Unit. Retrieved from https://www.pu.go.id/berita/view/18970/tingkatkan-kepemilikan-hunian-layak-realisasi-program-sejuta-rumah-hingga-akhir-oktober-2020-capai-601-637-unit

                Kementerian Pekerjaan Umum dan Perumahan Rakyat . (2020, January 3). Capaian Pembangunan Rumah Tembus 1,25 Juta Unit. Retrieved from https://perumahan.pu.go.id/berita/view/227/capaian-pembangunan-rumah-tembus-1-25-juta-unit

                Kompas. (2020, July 29). Alokasi Tambahan Rp 1,5 Triliun untuk Perumahan Terkait 3 Program. Retrieved from https://properti.kompas.com/read/2020/07/29/191334021/alokasi-tambahan-rp-15-triliun-untuk-perumahan-terkait-3-program?page=all

                BUMN inc. (2020). Target Penyaluran KPR Bank BTN Naik Menjadi 300.000 Unit Per Tahun. Retrieved from http://bumninc.com/target-penyaluran-kpr-bank-btn-naik-menjadi-300-000-unit-per-tahun/?more=2

                How Far are The Investment Prospects in The Batang Integrated Industrial Area, Central Java, Indonesia?

                “This post is written by Moh Mahrus Ali, Market Research & Business Development at PT Indonesia Research Institute Japan Jakarta, a global management consulting firm on business strategy”

                Head of the Investment Coordinating Board (BKPM), as now the Minister of Investment/BKPM, Bahlil Lahadalia continues to oversee the development process of the Batang Integrated Industrial Area (KIT), Central Java. The development of the 4,300 hectare area will be divided into three phases, in which phase I of 450 hectares is targeted to be completed in 2021. The development of the area, which is located in the northern industrial corridor of the island of Java, is based on the concept of The Smart & Sustainable Industrial Area to respond to the industrial revolution 4.0 in Indonesia and globally. Of the total land area of ​​4,300 hectares, 38.20 percent will be used for land use planning as an industrial area, of which 37.45 percent will be used as a gross non-saleable area and 62.55 percent will be used as a gross saleable area. In the process of developing this area, of course BKPM is also active in seeking domestic and foreign investors, then who are the investors who will invest in this area?

                On April 21, the Minister of Investment/BKPM together with the Minister of Public Works and Public Housing (MPWH), the Governor of Central Java, the Regent of Batang, and the Board of directors of PTPN and PT Pembangunan Perumahan accompanied the President of the Republic of Indonesia, Joko Widodo to review the work of the Batang Integrated Industrial Area as the location of the investment destination. The goal is only one, namely to provide employment opportunities for the maximum Indonesian workforce. In addition, during the visit, Bahlil Lahadalia assured the region’s readiness to accept investors starting next month. On various occasions, Bahlil has always promoted this area to investors because it has advantages, including infrastructure facilities that produce high connectivity and very competitive land prices. Bahlil also promised that for every investor who will invest in this area, it is sufficient for them to only bring in capital and technology, while licensing issues will be handled by the Ministry of Investment/BKPM.

                The Minister of Investment/BKPM claims that there are already four large companies that will invest in the Batang Industrial Area, Central Java. The first three companies are LG Energy Solution, KCC Glass, and Wavin, while another company is Alpan Lighting LED whose investment size is not yet known. So far, with these 4 investors, the estimated investment value that will enter this area is around Rp. 145 trillion – Rp. 146 trillion.

                 

                • LG Energy Solution

                LG will invest in a consortium together with Indonesia Battery Holding which is a combination of Mining Industry Indonesia (MIND ID), PT PLN (Persero), PT Pertamina (Persero), and PT Aneka Tambang (Persero) Tbk. The investment value of LG with a consortium of State-Owned Enterprises (BUMN) is IDR 142 trillion. The plan is for LG and the consortium to be engaged in the integrated electric battery industry.

                KCC Glass Corporation

                 

                Wavin BV

                Global pipe producer Wavin BV will invest in the area worth USD 125 million or IDR 1.7 trillion with a production target by 2022. Wavin BV can act as a supplier of pipe needs and can meet national pipeline needs. Along with the massive infrastructure development in Indonesia.

                 

                The Batang Integrated Industrial Area was actually inaugurated by the President on June 30, 2020. This area is a pilot for the cooperation between the government and state-owned enterprises to present highly competitive investment locations. However, the construction of basic infrastructure in the Batang Integrated Industrial Area is estimated to be completed, according to plan, in May 2021. Furthermore, this area will be ready to accept tenants or tenants who will invest. With the completion of this area, the opportunity to invest in Indonesia will be wide open. 

                We, Indonesia Research Institute will provide services for investors in relation to carry out further research on such related investment business opportunities in Indonesia. Indonesia Research Institute Japan offers all services from desk research, in-depth interviews, to market surveys for a better understanding and provide a deeper insight of the topic that you want to further understand on how this business works.

                 

                For More Information and Services, please contact us :

                Consulting Services info :

                Hotline :  +6285718923842

                Email : contact@indonesiasoken.com

                Thank you very much.

                 

                References

                CNN Indonesia. (2021, February 17). Economy. Retrieved May 18, 2021, from CNN Indonesia: https://www.cnnindonesia.com/ekonomi/20210217083255-92-607163/hitungan-bkpm-investasi-masuk-ke-kit-batang-rp145-triliun

                 

                Download English & Japanese Version Here

                Share this post!

                We’ve got more coming…

                Want to hear updates and seminars from our company?
                Sign up for our newsletter and we’ll email you every time we have new updates.

                  Authored by : Fitri Aulia | 22 December 2020

                  Recent Property Development

                  The Covid-19 pandemic has dealt a quite severe blow to the property business sector in 2020. During the PSBB period, business activities were very sluggish and it can be said that some business actors suffered severe losses.

                  However, entering the new normal period, the economic activity in several sectors including property has begun to revive from the previous period. The role of the government triggers the revival of Indonesia’s property business activities.

                   Government Stimulus

                  The assistance provided by the government is in the form of subsidies or incentives for interest subsidies to debtors of public housing credit (KPR), which is contained in the Minister of Finance Regulation (PMK) Number 138 / PMK.05 / 2020 and amendments to PMK 85 / PMK.05 / 2020 regarding the guidelines for providing interest subsidies in the effort to implement the National Economic Recovery program.

                  In early March 2020, the Government decided to increase the allocation of housing financing assistance by IDR 1.5 trillion for Low-Income Communities (MBR). This was stated by the Director General of Infrastructure Financing of the Ministry of Public Works and Public Housing (PUPR) Eko Djoeli Heripoerwanto in a webinar, Wednesday (29/7/2020).

                  In addition, the Government also has Bank BTN as their partner-collaboration to implement their OMH Program aimed at Low-Income Communities (MBR) with low interest rates and low installments for the purchase of a prosperous tread house and a welfare apartment.

                  Bank BTN noted, in 2015 they have provided housing financing assistance totaling 474,099 units. Then in 2016 as many as 595,540 units, in 2017 to 666,806 units, in 2018 to 755,093 units, and in 2019 to 735,749 units.

                  As of September 2020, BTN has provided home ownership credit support (KPR) of 93,448 units which cost as much as Rp. 15.6 trillion. These support provided by BTN is significant for the survival of the business property sector.

                  BTN commitment on supporting business property has not slackened. In fact, during the pandemic, BTN continuously provides support for the government program.The distribution of subsidized KPR is still a mainstay of BTN for the One Million Houses program.

                   

                  Source : Bank BTN (visit : https://www.btn.co.id/id/Conventional/Product-Links/Produk-BTN/Kredit-Konsumer/Pinjaman-Bangunan/KPR-BTN-Subsidi)

                  Positive Trend in Q3  2020

                  There is a positive trend during Q3 2020 after it drastically dropped earlier in the year, indicates there is potential for the revival of Commercial Property Demand in Q4 2020 and the next Q1 2021.

                  Source : Bank Indonesia

                  Hotels and convention halls are two sectors whose demand has risen quite drastically in the Q3 after falling badly in the previous quarter. This demonstrates positive potential for its development in the future. Meanwhile, the demand of apartment remains low and still struggles to revive until now.

                  Growth of Commercial Property Demand in Jabodetabek

                  Overall in Jabodetabek, the commercial property sector also experienced a positive increase during Q3 2020.

                  In Jakarta, all commercial property demands show positivism with hotels being the most prominent in their development at Q3 2020. After previously shows a negative number, the total index in Q3 has at least increased to be positive.

                  Source : Bank Indonesia

                   Meanwhile, the growth in the total commercial property index jumped drastically in Bogor, Depok and Bekasi. Same case with Jakarta, its hotel sector are also the most prominent in reviving, at least in the Q3 2020.

                  Source : Bank Indonesia

                  As we can see on charts above, the hotel segment shows a great improvement in demand. This was driven by various kinds of promotions offered by hotels to adapt in this situation such as providing huge discount, staycation packages, working from hotels offer, and wedding reception packages.

                  Why Hotels?

                  As Indonesia gradually eases lockdown restrictions, the hotel occupancy rates across the country including Jakarta, have slowly started to pick up. However this is not without several efforts and sacrifices driven by people in the hotels sector to improve and revive the hospitality business sector in Indonesia.

                  To get through this hard times, efficiency and innovation are the main keys. Therefore, there are several trends created specifically to adapt to this era. Hotels competing with each other to offer a flood of discounts. To further intensify its sales strategy, there are several e-commerce platforms that is becoming a  great place to advertise rooms and staycation packages, such as Traveloka. The Buy Now Stay Later also sticks to this trend.

                  Hotels discounts on Traveloka (Source : Traveloka)

                  Another new trend is the Work From Hotel (WFH). As you might know, the abbreviation of WFH was initially stands for Work From Home. To connect the dots, Working From Hotel then exist and created because there are more and more office workers are getting bored with the atmosphere of their house and desperate to look for a new atmosphere. It’s a trend where hotels prepare rooms, complete with equipment and facilities to work (e.g : Wi-Fi , stationer, and free printing facilities,etc).

                  Source : Instagram @harrisfxsudirman and @arunasenggigi

                  During the transitional PSBB period, indoor wedding receptions are allowed to be held again after previously was banned temporarily due to the massive increase of the Covid-19 spread. This becomes the opportunity that triggers the revival for the hotel business.

                  However, this permission is also accompanied by the requirement to fulfill and comply with the health protocols made by the government. These includes the limitation of attendees to a maximum of 25 percent of normal capacity. Then, the seating distance for visitors is set at least 1.5 meters. Visitors are also prohibited from passing by or changing seats. The eating and drinking utensils must be sterilized, while the serving of food is prohibited from using a buffet. Last but not least, the wedding staffs are required to wear a mask, face shield and gloves.

                  One of the breakthrough in this trend was the make of  “Virtual Wedding” ever since June 2020. As this was the case held by The Sunan Hotel Solo, which offer a virtual wedding service package for 44.5 million. The event is only attended by the couple and their family members, meanwhile guests are able to attend the wedding virtually through various platforms such as Zoom, YouTube, Facebook and Instagram, while enjoying food sent by the hotel to their residences.

                                                                                                                            Source: The Sunan Hotels Solo

                  Finally, we might conclude that the property business in Indonesia has the potential to develop more despite the massive impact it has taken from pandemic outburst. Combining the stakeholders effort and the government’s support to stimulate this sector are expected to help revive the business sector in the future.

                   

                  References

                  Bank Indonesia. (2020). Perkembangan Properti Komersial (PPKOM).

                  Kementerian Pekerjaan Umum dan Perumahan Rakyat. (2020, November 3). Tingkatkan Kepemilikan Hunian Layak, Realisasi Program Sejuta Rumah Hingga Akhir Oktober 2020 Capai 601.637 Unit. Retrieved from https://www.pu.go.id/berita/view/18970/tingkatkan-kepemilikan-hunian-layak-realisasi-program-sejuta-rumah-hingga-akhir-oktober-2020-capai-601-637-unit

                  Kementerian Pekerjaan Umum dan Perumahan Rakyat . (2020, January 3). Capaian Pembangunan Rumah Tembus 1,25 Juta Unit. Retrieved from https://perumahan.pu.go.id/berita/view/227/capaian-pembangunan-rumah-tembus-1-25-juta-unit

                  Kompas. (2020, July 29). Alokasi Tambahan Rp 1,5 Triliun untuk Perumahan Terkait 3 Program. Retrieved from https://properti.kompas.com/read/2020/07/29/191334021/alokasi-tambahan-rp-15-triliun-untuk-perumahan-terkait-3-program?page=all

                  BUMN inc. (2020). Target Penyaluran KPR Bank BTN Naik Menjadi 300.000 Unit Per Tahun. Retrieved from http://bumninc.com/target-penyaluran-kpr-bank-btn-naik-menjadi-300-000-unit-per-tahun/?more=2

                  Trend of Indonesian Companies IPO in early 2021

                  “This post is written by Muhammad Ariq Aswata, Market Research & Business Development at PT Indonesia Research Institute Japan Jakarta, a global management consulting firm on business strategy.”

                  In April 2021 Indonesia Stock Exchange stated that there will be many new companies that are going to be listed in Indonesia Stock Exchange. Several Tech companies such as Tokopedia and Traveloka are reportedly planning to list on the stock exchange through a special purpose acquisition company (SPAC). Meanwhile, Bukalapak is changing its business to be more sustainable in order to square off on the stock exchange. 

                  Pandu Sjahrir as commissioner of the stock exchange explained that tech companies will enjoy the positive impact, if they chose to be listed on the stock exchange, he explained that by listing on the stock exchange, tech companies will have a much greater chance and potential than be funded by private funding like what is usually done by venture capital (VC) or corporations.

                  Not only from technology sectors, some Indonesia State owned enterprises will also be listed on The Indonesia Stock Exchange. Erick Thohir as Indonesia Minister of state enterprises that there will be 10 – 15 Stated owned companies that will be listed on the stock exchange in the next few years. He sees that the initial public offering / IPO was needed to be conducted to prepare those companies to be able to compete with the open market. The companies that are going to be listed on stock exchange will come from a variety of sectors, ranging from the energy, oil and gas industry sector; health industry sector; financial services sector; food and fertilizer industrial Sector; telecommunication and media services sector; as well as the mineral and coal industrial sector.

                  IDX Director of Company Assessment I Gede Nyoman Yetna Setya stated that the high enthusiasm in IPOs is due to the fact that this is a way for potential issuers who need funds to develop their businesses. The presence of Capital Market Authority policy support, which relaxes the duration of Financial reports or Statements and Appraisal Reports for two months Public Offering, maintains those potential listed companies positively.

                  Indonesia Research Institute Japan offers all services from desk research, in-depth interviews, to market surveys for a better understanding of the topic that wants to be understood on how this business works.

                   

                  For More Information and Services, please contact us :

                  Consulting Services info :

                  Hotline :  +6285718923842

                  Email : contact@indonesiasoken.com

                   

                  References

                  Kharisma, G. (2021, January 13). Komisaris SEA Group: Mengapa Sekarang Waktu yang Ideal Unikorn Lokal IPO. Retrieved from TECHINASIA: https://id.techinasia.com/komisaris-sea-group-sekarang-waktu-yang-ideal-ipo?utm_source=newsletter&utm_medium=organic&utm_campaign=daily-20210518&mc_cid=170cb1e6a7&mc_eid=2eecaa7a8b

                  Utami, D. N. (2020, April 2020). BEI Ungkap Alasan Minat IPO Masih Tinggi di Tengah Pandemi. Retrieved from Bisnis.com: https://market.bisnis.com/read/20200408/7/1224613/bei-ungkap-alasan-minat-ipo-masih-tinggi-di-tengah-pandemi

                  Wareza, M. (2021, April 30). 14 IPO BUMN & Anak Usaha, Wah Ada Bio Farma Vaksin & MIND ID. Retrieved from CNBC Indonesia: https://www.cnbcindonesia.com/market/20210430090720-17-242069/14-ipo-bumn-anak-usaha-wah-ada-bio-farma-vaksin-mind-id

                  Download English & Japanese Version Here

                  Share this post!

                  We’ve got more coming…

                  Want to hear updates and seminars from our company?
                  Sign up for our newsletter and we’ll email you every time we have new updates.

                    Authored by : Fitri Aulia | 22 December 2020

                    Recent Property Development

                    The Covid-19 pandemic has dealt a quite severe blow to the property business sector in 2020. During the PSBB period, business activities were very sluggish and it can be said that some business actors suffered severe losses.

                    However, entering the new normal period, the economic activity in several sectors including property has begun to revive from the previous period. The role of the government triggers the revival of Indonesia’s property business activities.

                     Government Stimulus

                    The assistance provided by the government is in the form of subsidies or incentives for interest subsidies to debtors of public housing credit (KPR), which is contained in the Minister of Finance Regulation (PMK) Number 138 / PMK.05 / 2020 and amendments to PMK 85 / PMK.05 / 2020 regarding the guidelines for providing interest subsidies in the effort to implement the National Economic Recovery program.

                    In early March 2020, the Government decided to increase the allocation of housing financing assistance by IDR 1.5 trillion for Low-Income Communities (MBR). This was stated by the Director General of Infrastructure Financing of the Ministry of Public Works and Public Housing (PUPR) Eko Djoeli Heripoerwanto in a webinar, Wednesday (29/7/2020).

                    In addition, the Government also has Bank BTN as their partner-collaboration to implement their OMH Program aimed at Low-Income Communities (MBR) with low interest rates and low installments for the purchase of a prosperous tread house and a welfare apartment.

                    Bank BTN noted, in 2015 they have provided housing financing assistance totaling 474,099 units. Then in 2016 as many as 595,540 units, in 2017 to 666,806 units, in 2018 to 755,093 units, and in 2019 to 735,749 units.

                    As of September 2020, BTN has provided home ownership credit support (KPR) of 93,448 units which cost as much as Rp. 15.6 trillion. These support provided by BTN is significant for the survival of the business property sector.

                    BTN commitment on supporting business property has not slackened. In fact, during the pandemic, BTN continuously provides support for the government program.The distribution of subsidized KPR is still a mainstay of BTN for the One Million Houses program.

                     

                    Source : Bank BTN (visit : https://www.btn.co.id/id/Conventional/Product-Links/Produk-BTN/Kredit-Konsumer/Pinjaman-Bangunan/KPR-BTN-Subsidi)

                    Positive Trend in Q3  2020

                    There is a positive trend during Q3 2020 after it drastically dropped earlier in the year, indicates there is potential for the revival of Commercial Property Demand in Q4 2020 and the next Q1 2021.

                    Source : Bank Indonesia

                    Hotels and convention halls are two sectors whose demand has risen quite drastically in the Q3 after falling badly in the previous quarter. This demonstrates positive potential for its development in the future. Meanwhile, the demand of apartment remains low and still struggles to revive until now.

                    Growth of Commercial Property Demand in Jabodetabek

                    Overall in Jabodetabek, the commercial property sector also experienced a positive increase during Q3 2020.

                    In Jakarta, all commercial property demands show positivism with hotels being the most prominent in their development at Q3 2020. After previously shows a negative number, the total index in Q3 has at least increased to be positive.

                    Source : Bank Indonesia

                     Meanwhile, the growth in the total commercial property index jumped drastically in Bogor, Depok and Bekasi. Same case with Jakarta, its hotel sector are also the most prominent in reviving, at least in the Q3 2020.

                    Source : Bank Indonesia

                    As we can see on charts above, the hotel segment shows a great improvement in demand. This was driven by various kinds of promotions offered by hotels to adapt in this situation such as providing huge discount, staycation packages, working from hotels offer, and wedding reception packages.

                    Why Hotels?

                    As Indonesia gradually eases lockdown restrictions, the hotel occupancy rates across the country including Jakarta, have slowly started to pick up. However this is not without several efforts and sacrifices driven by people in the hotels sector to improve and revive the hospitality business sector in Indonesia.

                    To get through this hard times, efficiency and innovation are the main keys. Therefore, there are several trends created specifically to adapt to this era. Hotels competing with each other to offer a flood of discounts. To further intensify its sales strategy, there are several e-commerce platforms that is becoming a  great place to advertise rooms and staycation packages, such as Traveloka. The Buy Now Stay Later also sticks to this trend.

                    Hotels discounts on Traveloka (Source : Traveloka)

                    Another new trend is the Work From Hotel (WFH). As you might know, the abbreviation of WFH was initially stands for Work From Home. To connect the dots, Working From Hotel then exist and created because there are more and more office workers are getting bored with the atmosphere of their house and desperate to look for a new atmosphere. It’s a trend where hotels prepare rooms, complete with equipment and facilities to work (e.g : Wi-Fi , stationer, and free printing facilities,etc).

                    Source : Instagram @harrisfxsudirman and @arunasenggigi

                    During the transitional PSBB period, indoor wedding receptions are allowed to be held again after previously was banned temporarily due to the massive increase of the Covid-19 spread. This becomes the opportunity that triggers the revival for the hotel business.

                    However, this permission is also accompanied by the requirement to fulfill and comply with the health protocols made by the government. These includes the limitation of attendees to a maximum of 25 percent of normal capacity. Then, the seating distance for visitors is set at least 1.5 meters. Visitors are also prohibited from passing by or changing seats. The eating and drinking utensils must be sterilized, while the serving of food is prohibited from using a buffet. Last but not least, the wedding staffs are required to wear a mask, face shield and gloves.

                    One of the breakthrough in this trend was the make of  “Virtual Wedding” ever since June 2020. As this was the case held by The Sunan Hotel Solo, which offer a virtual wedding service package for 44.5 million. The event is only attended by the couple and their family members, meanwhile guests are able to attend the wedding virtually through various platforms such as Zoom, YouTube, Facebook and Instagram, while enjoying food sent by the hotel to their residences.

                                                                                                                              Source: The Sunan Hotels Solo

                    Finally, we might conclude that the property business in Indonesia has the potential to develop more despite the massive impact it has taken from pandemic outburst. Combining the stakeholders effort and the government’s support to stimulate this sector are expected to help revive the business sector in the future.

                     

                    References

                    Bank Indonesia. (2020). Perkembangan Properti Komersial (PPKOM).

                    Kementerian Pekerjaan Umum dan Perumahan Rakyat. (2020, November 3). Tingkatkan Kepemilikan Hunian Layak, Realisasi Program Sejuta Rumah Hingga Akhir Oktober 2020 Capai 601.637 Unit. Retrieved from https://www.pu.go.id/berita/view/18970/tingkatkan-kepemilikan-hunian-layak-realisasi-program-sejuta-rumah-hingga-akhir-oktober-2020-capai-601-637-unit

                    Kementerian Pekerjaan Umum dan Perumahan Rakyat . (2020, January 3). Capaian Pembangunan Rumah Tembus 1,25 Juta Unit. Retrieved from https://perumahan.pu.go.id/berita/view/227/capaian-pembangunan-rumah-tembus-1-25-juta-unit

                    Kompas. (2020, July 29). Alokasi Tambahan Rp 1,5 Triliun untuk Perumahan Terkait 3 Program. Retrieved from https://properti.kompas.com/read/2020/07/29/191334021/alokasi-tambahan-rp-15-triliun-untuk-perumahan-terkait-3-program?page=all

                    BUMN inc. (2020). Target Penyaluran KPR Bank BTN Naik Menjadi 300.000 Unit Per Tahun. Retrieved from http://bumninc.com/target-penyaluran-kpr-bank-btn-naik-menjadi-300-000-unit-per-tahun/?more=2

                    Bright Prospects for Solar Power Plants in Indonesia

                    “This post is written by Mahrus Ali, Market Research & Business Development at PT Indonesia Research Institute Japan Jakarta, a global management consulting firm on business strategy.”

                     

                    The Indonesian government has a Renewable Energy Mix target of 23% by 2025. This policy combined with Indonesia’s commitment to reduce emissions by 29% by 2030 is a clear effort towards a more sustainable energy system. However, until 2020, only half of it has been achieved, namely 11.5%. Various acceleration programs for Renewable Energy Mix development continue to be promoted in order to pursue the energy mix target of 23% by 2025. Director General of New, Renewable Energy and Energy Conservation of the Ministry of Energy and Mineral Resources, Dadan Kusdiana said that one of the efforts to accelerate the achievement of the energy mix is ​​through the installation of Solar Power Plants. Then, how big is the ability of Solar Power Plants in Indonesia? Is it true that it can help significantly increase the achievement of The Renewable Energy Mix target?

                    Solar Power Plants in the future will spearhead the Renewable Energy Mix compared to other energy in Indonesia. This is due to its modular nature, large capacity, easier access, and does not require a long installation time. In addition, solar is one of the renewable energies that has the greatest potential, but its utilization is still relatively small. This should be a concern for the Government of Indonesia to maximize the utilization of this solar potential. Based on data from the Directorate General of New Energy and Renewable Energy, Ministry of Energy and Mineral Resources, solar has a potential of 207.8 GW but has only been utilized or has only been installed at 0.135 GW or around 0.02%. This figure is a very small number considering that Surya’s potential is very large. Apart from having great potential, the potential for solar energy is almost evenly distributed throughout Indonesia. In this case, West Kalimantan province has the highest technical potential of 20,113 MW, while DKI Jakarta province has the lowest technical potential of 225 MW. So, if the solar potential is fully utilized, almost all regions in Indonesia can contribute to 23% of Indonesia’s 2025 Renewable Mix Target.

                    The Indonesian government through the Minister of Energy and Mineral Resources Regulation 49/2018 jo.13/2019 continues to boost the development of Solar Power Plants, with the policy of Rooftop Solar Power Plants. The system includes solar modules, inverters, customer electrical connections, safety systems, and Import-Export kWh meters. According to data from PT Perusahaan Listrik Negara (Persero), Director of Various New and Renewable Energy of the Ministry of Energy and Mineral Resources, Harris Yahya, revealed that as of June 2020 there were 2,346 Rooftop Solar Power Plants units installed throughout Indonesia with a total capacity of 11.5 MW. There are also more than 1,300 new installed customers for Rooftop Solar Power Plants since Minister of Energy and Mineral Resources Regulation 49/2018 is published. The majority of Rooftop Solar Power Plants customers come from Jakarta, as many as 703 customers with a total capacity of 2,986.51 kWp. Then followed by West Java as many as 656 customers with a total capacity of 2,462.12 kWp. In addition to the construction of Rooftop Solar Power Plants, Indonesia also continues to increase the construction of IPP Solar Power Plants, where up to now several power plants have been built, as follows (Source: Directorate General of New Energy and Renewable Energy, Ministry of Energy and Mineral Resources, 2020 ):

                    The Indonesian government has also issued a new policy to maximize solar potential in Indonesia. Apart from the Rooftop Power Plants policy, recently the Indonesian Government is intensifying the construction of a Floating Solar Power Plant. A total of 1,900 megawatts of potential for the development of a Floating Solar Power Plant in Java are planned to be included in the PLN 2021-2030 Electricity Supply Business Plan (RUPTL). The Director General of New, Renewable Energy and Energy Conservation at the Ministry of Energy and Mineral Resources, Dadan Kusdiana, said that the potential for a Floating Solar Power Plant to be installed on aquatic land, such as lakes, reservoirs and dams, is being drafted in the draft RUPTL 2021-2030. 

                    The Floating Solar Power Plant is one of the government’s programs to accelerate the development of a Floating Solar Power Plant, because in terms of the electricity price generated is quite good, licensing is simpler, does not require land acquisition, and a large enough capacity can be developed. In the future, the development of a Floating Solar Power Plant will be encouraged to be combined with hydropower plants that are already in operation. Dadan said the combination of a Floating Solar Power Plant and a Hydro Power Plant will be more effective because the electricity supply from The Floating Solar Power Plant will be able to increase the operating time of a Hydro Power Plant which is usually only used as a peaker generator or only used during peak loads. One of the Floating Solar Power Plant projects currently running is the Cirata Floating Solar Power Plant in West Java with a total capacity of 145 megawatts peak.

                    Seeing the potential of solar power plants in Indonesia, this is a very big business opportunity. Investments in this field will greatly help and are needed by the Government of Indonesia to achieve the 23% Renewable Mix Energy Target for 2025. This Solar Power Plants business opportunity is something that cannot be wasted. We, Indonesia Research Institute will help investors to conduct further research on this business opportunity. Indonesia Research Institute Japan offers all services from desk research, in-depth interviews, to market surveys for a better understanding of the topic that wants to be understood on how Solar Power Plants’ business works.

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                      Authored by : Fitri Aulia | 22 December 2020

                      Recent Property Development

                      The Covid-19 pandemic has dealt a quite severe blow to the property business sector in 2020. During the PSBB period, business activities were very sluggish and it can be said that some business actors suffered severe losses.

                      However, entering the new normal period, the economic activity in several sectors including property has begun to revive from the previous period. The role of the government triggers the revival of Indonesia’s property business activities.

                       Government Stimulus

                      The assistance provided by the government is in the form of subsidies or incentives for interest subsidies to debtors of public housing credit (KPR), which is contained in the Minister of Finance Regulation (PMK) Number 138 / PMK.05 / 2020 and amendments to PMK 85 / PMK.05 / 2020 regarding the guidelines for providing interest subsidies in the effort to implement the National Economic Recovery program.

                      In early March 2020, the Government decided to increase the allocation of housing financing assistance by IDR 1.5 trillion for Low-Income Communities (MBR). This was stated by the Director General of Infrastructure Financing of the Ministry of Public Works and Public Housing (PUPR) Eko Djoeli Heripoerwanto in a webinar, Wednesday (29/7/2020).

                      In addition, the Government also has Bank BTN as their partner-collaboration to implement their OMH Program aimed at Low-Income Communities (MBR) with low interest rates and low installments for the purchase of a prosperous tread house and a welfare apartment.

                      Bank BTN noted, in 2015 they have provided housing financing assistance totaling 474,099 units. Then in 2016 as many as 595,540 units, in 2017 to 666,806 units, in 2018 to 755,093 units, and in 2019 to 735,749 units.

                      As of September 2020, BTN has provided home ownership credit support (KPR) of 93,448 units which cost as much as Rp. 15.6 trillion. These support provided by BTN is significant for the survival of the business property sector.

                      BTN commitment on supporting business property has not slackened. In fact, during the pandemic, BTN continuously provides support for the government program.The distribution of subsidized KPR is still a mainstay of BTN for the One Million Houses program.

                       

                      Source : Bank BTN (visit : https://www.btn.co.id/id/Conventional/Product-Links/Produk-BTN/Kredit-Konsumer/Pinjaman-Bangunan/KPR-BTN-Subsidi)

                      Positive Trend in Q3  2020

                      There is a positive trend during Q3 2020 after it drastically dropped earlier in the year, indicates there is potential for the revival of Commercial Property Demand in Q4 2020 and the next Q1 2021.

                      Source : Bank Indonesia

                      Hotels and convention halls are two sectors whose demand has risen quite drastically in the Q3 after falling badly in the previous quarter. This demonstrates positive potential for its development in the future. Meanwhile, the demand of apartment remains low and still struggles to revive until now.

                      Growth of Commercial Property Demand in Jabodetabek

                      Overall in Jabodetabek, the commercial property sector also experienced a positive increase during Q3 2020.

                      In Jakarta, all commercial property demands show positivism with hotels being the most prominent in their development at Q3 2020. After previously shows a negative number, the total index in Q3 has at least increased to be positive.

                      Source : Bank Indonesia

                       Meanwhile, the growth in the total commercial property index jumped drastically in Bogor, Depok and Bekasi. Same case with Jakarta, its hotel sector are also the most prominent in reviving, at least in the Q3 2020.

                      Source : Bank Indonesia

                      As we can see on charts above, the hotel segment shows a great improvement in demand. This was driven by various kinds of promotions offered by hotels to adapt in this situation such as providing huge discount, staycation packages, working from hotels offer, and wedding reception packages.

                      Why Hotels?

                      As Indonesia gradually eases lockdown restrictions, the hotel occupancy rates across the country including Jakarta, have slowly started to pick up. However this is not without several efforts and sacrifices driven by people in the hotels sector to improve and revive the hospitality business sector in Indonesia.

                      To get through this hard times, efficiency and innovation are the main keys. Therefore, there are several trends created specifically to adapt to this era. Hotels competing with each other to offer a flood of discounts. To further intensify its sales strategy, there are several e-commerce platforms that is becoming a  great place to advertise rooms and staycation packages, such as Traveloka. The Buy Now Stay Later also sticks to this trend.

                      Hotels discounts on Traveloka (Source : Traveloka)

                      Another new trend is the Work From Hotel (WFH). As you might know, the abbreviation of WFH was initially stands for Work From Home. To connect the dots, Working From Hotel then exist and created because there are more and more office workers are getting bored with the atmosphere of their house and desperate to look for a new atmosphere. It’s a trend where hotels prepare rooms, complete with equipment and facilities to work (e.g : Wi-Fi , stationer, and free printing facilities,etc).

                      Source : Instagram @harrisfxsudirman and @arunasenggigi

                      During the transitional PSBB period, indoor wedding receptions are allowed to be held again after previously was banned temporarily due to the massive increase of the Covid-19 spread. This becomes the opportunity that triggers the revival for the hotel business.

                      However, this permission is also accompanied by the requirement to fulfill and comply with the health protocols made by the government. These includes the limitation of attendees to a maximum of 25 percent of normal capacity. Then, the seating distance for visitors is set at least 1.5 meters. Visitors are also prohibited from passing by or changing seats. The eating and drinking utensils must be sterilized, while the serving of food is prohibited from using a buffet. Last but not least, the wedding staffs are required to wear a mask, face shield and gloves.

                      One of the breakthrough in this trend was the make of  “Virtual Wedding” ever since June 2020. As this was the case held by The Sunan Hotel Solo, which offer a virtual wedding service package for 44.5 million. The event is only attended by the couple and their family members, meanwhile guests are able to attend the wedding virtually through various platforms such as Zoom, YouTube, Facebook and Instagram, while enjoying food sent by the hotel to their residences.

                                                                                                                                Source: The Sunan Hotels Solo

                      Finally, we might conclude that the property business in Indonesia has the potential to develop more despite the massive impact it has taken from pandemic outburst. Combining the stakeholders effort and the government’s support to stimulate this sector are expected to help revive the business sector in the future.

                       

                      References

                      Bank Indonesia. (2020). Perkembangan Properti Komersial (PPKOM).

                      Kementerian Pekerjaan Umum dan Perumahan Rakyat. (2020, November 3). Tingkatkan Kepemilikan Hunian Layak, Realisasi Program Sejuta Rumah Hingga Akhir Oktober 2020 Capai 601.637 Unit. Retrieved from https://www.pu.go.id/berita/view/18970/tingkatkan-kepemilikan-hunian-layak-realisasi-program-sejuta-rumah-hingga-akhir-oktober-2020-capai-601-637-unit

                      Kementerian Pekerjaan Umum dan Perumahan Rakyat . (2020, January 3). Capaian Pembangunan Rumah Tembus 1,25 Juta Unit. Retrieved from https://perumahan.pu.go.id/berita/view/227/capaian-pembangunan-rumah-tembus-1-25-juta-unit

                      Kompas. (2020, July 29). Alokasi Tambahan Rp 1,5 Triliun untuk Perumahan Terkait 3 Program. Retrieved from https://properti.kompas.com/read/2020/07/29/191334021/alokasi-tambahan-rp-15-triliun-untuk-perumahan-terkait-3-program?page=all

                      BUMN inc. (2020). Target Penyaluran KPR Bank BTN Naik Menjadi 300.000 Unit Per Tahun. Retrieved from http://bumninc.com/target-penyaluran-kpr-bank-btn-naik-menjadi-300-000-unit-per-tahun/?more=2