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monyet
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Dear all,
We are currently looking for a piece land in the area close to N. Dago / Cigadung / Gegerkalong. I must admit prices of land are pretty similar to those in the Netherlands now at Rp3M/m2 and up, depending on size & location...
Does anyone have any good sources other than www.rumah.com where we can check what's on the market? Thanks


From Dayeuhkolot with love

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a little bit outside Setiabudi regency , at the left side from Ledeng Terminal .

Graha Puspa complex , price +/- 1,5 jut .


bisa dicek of makemyday .

monyet
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That's a very good price for a very good area, what size are the kavlings approximately? And more importantly, who's selling? :-)


From Dayeuhkolot with love

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250-500 M atau lebih
Orang pribadi atau silahkan cari info di BagianPemasaran .

2 bln yg lalu ada objek sebesar 1000 meter .
Week-end bisa disewakan mulai 850 000 rup per night.
Lumayan lah untuk menutup biaya . Emoticon: Shiny

Kalau tdk salah ada "medelander" yg tinggal disana.


bisa dicek of makemyday .

Pak Pupyes
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On 07-11-2011 08:20 monyet wrote: I must admit prices of land are pretty similar to those in the Netherlands now at Rp3M/m2 and up

A rather interesting article on the subject on LinkedIn (probably registered users only): Will the Indonesian Housing Bubble burst anytime soon?

Some quotes:
  • Prices in Jakarta Area are almost the same as on the US/EU market, but average income is here is 10 times lower?
  • People buying property seem to do so for speculation mostly
  • Another intresting thing is the rental costs of the houses compared to buying prices. For example its not uncommon to see a 2M house for rent for 75 or 80jt per year, or a 1M house for 30 to 40jt per year. This doesn’t make sense. Since that makes less than 4% ROI , without considering the costs.

    I was going to ask you if you were serious about buying, because I think renting is far more attractive, and this last quote seems to confirm that.


  • MAD

    monyet
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    The advantage of buying is that you buy a piece of land with cash money and spend about EUR 20K on buying a house. Once that has all been paid, there are no more monthly costs to be paid. But prices are definitely inflated, but this is why we are looking for affordable land which I am sure will be difficult to find.

    I have heard a lot of people say that prices can only go up - which is typically something you hear when prices are peaking. Rent however goes up quickly as well - my brother in law had to move his warung recently because the rent became unaffordable.


    From Dayeuhkolot with love

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    Sersan Bajuri area , 4 or 5 jrs ago 300.000 .
    Now from 1,250 jut ( june 2011).

    Dagpo Pakar resort, from 600.000 per meter to at least 2 jut .
    Depend the area and facility .
    Jakarta centre ( Gambir, the old "Weltevreden" area from 12,5 jut ) .
    Menteng ????


    bisa dicek of makemyday .

    Pak Pupyes
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    That's all very well, Monyet, but even if you succeed in buying affordable land, you are still faced with what in my opinion is the most important aspect of living in Indonesia: The neighbourhood. How on earth will you find out if your neighbours will accept you? Where are they going to build their new mosque, next to your place? The only way to avoid that, is buying land/a house in a perumahan, but that's probably going to be a rather expensive one. I still suggest you rent first, preferably a house that will be for sale later.
    I've been living in Yogya for twenty years now, and I should have built our own house years ago. The land my wife owns, is not suitable for me. I can't afford land/a house where I would like to live.* On the other hand, we always seem to be able to rent very decent houses (ask Y-B or Yerun) for a very reasonable rent.

    *Just an example: Shortly before the KRISMON, a square meter on Jl Malioboro was more expensive than a square meter on the Kalverstraat. On the other hand, in the same period, a friend of mine bought lots of land near Bandungan for…
    Rp 50/m 2 . That's fifty Rupiah, I'm not leaving out a few zeros...


    MAD

    monyet
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    50 Rp, now that's what I call good prices. That can't even buy you a bar of soap at Carrefour.
    We have our family and friends who live in Bandung so the area is everything but new to us. In fact, my wife lived there practically all of her life. Regarding mosques, friends of ours had built a house in Cigadung, nice location close to Dago Golf Resort, but about a year after thata mosque was built in the vicinity with a very special muezzin who sang as loud as he could for one entire hour every morning without interruptions. It was prety shocking when we first heard this early in the morning. So as you say, in such areas you have to take these things into account, but really, you can't do anything about it. Other than making your house soundproof Emoticon: Smile


    From Dayeuhkolot with love

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    There is a member from Rotterdam.
    Maybe you can get info from him .


    bisa dicek of makemyday .

    monyet
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    Madrotter? Haven't seen him in a while here.


    From Dayeuhkolot with love

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    In Bandung since 199-


    bisa dicek of makemyday .

    Yerun
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    On 07-11-2011 19:49 monyet wrote:
    The advantage of buying is that you buy a piece of land with cash money and spend about EUR 20K on buying a house. Once that has all been paid, there are no more monthly costs to be paid. But prices are definitely inflated, but this is why we are looking for affordable land which I am sure will be difficult to find.
    That is if you don't pay taxes, don't have a power connection, no water connection and so on. This is even outside the maintenance costs of the house and possible maintenance fee of the housing complex

    I have heard a lot of people say that prices can only go up - which is typically something you hear when prices are peaking. Rent however goes up quickly as well - my brother in law had to move his warung recently because the rent became unaffordable.

    Let me guess, the place he moved out from is now still empty with a sign 'for rent'? Seen that many times, people that try to rip their fellow countrymen because they want to get rich.. and they all fail but don't want to lower the rent... pure gengsi .



    Yerun
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    On 08-11-2011 08:08 monyet wrote:
    50 Rp, now that's what I call good prices. That can't even buy you a bar of soap at Carrefour.
    We have our family and friends who live in Bandung so the area is everything but new to us. In fact, my wife lived there practically all of her life. Regarding mosques, friends of ours had built a house in Cigadung, nice location close to Dago Golf Resort, but about a year after thata mosque was built in the vicinity with a very special muezzin who sang as loud as he could for one entire hour every morning without interruptions. It was prety shocking when we first heard this early in the morning. So as you say, in such areas you have to take these things into account, but really, you can't do anything about it. Other than making your house soundproof Emoticon: Smile
    Correct, you can't do anything about it when it happens except waiting for oil to run out in the Middle East.. but you can prevent it from happening by simply NOT buying land/house. Strange thing is, people tend to forget that option?



    Yerun
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    On 08-11-2011 02:31 Pak Pupyes wrote: I've been living in Yogya for twenty years now, and I should have built our own house years ago. The land my wife owns, is not suitable for me. I can't afford land/a house where I would like to live.* On the other hand, we always seem to be able to rent very decent houses (ask Y-B or Yerun) for a very reasonable rent.
    I agree, renting is the only sollution, and as you have also experienced; you can go on when you don't like it anymore.. for whatever reason. A mosque is only one of the many options, the house owner can be a bitch (rare), the house can be crappy (less rare) or your new neighbors are less social than you would like (also less rare, but not a big problem most of the times).

    I happen to have a Korean neighbor now; he didn't introduce himself to his neighbors (i'm always at home, so no excuse he did try, and if I was out, my pembantu would be at home) he seems to have three cars that have to be parked everywhere and has a nighttime girlfriend.

    The latter one is no problem for me. The first one is also no problem, seems to be a cultural issue with Koreans.. the second one however disturbs the neighbors and not even me in the first place, because I didn't have a car. Since a week of two I have one and park it in front of the house, on one of the spots he claimed. He noticed the empty driveway, but I also have a motorcycle that is being used infrequently now. I don't want to move the car every time my pembantu needs to go somewhere of course... so I know I annoy him, but well.. if he introduced himself properly he could at least ask why I park on his claimed spot. He decided not to do so and has no cards left to play.. a typical example of how people eventually get into trouble.

    No action will be taken by me, he doesn't bother me at all, but others are slightly irritated and those are Indonesians with their long toes.. eventually that leads to something and the house will be for rent again. Just a matter of time.



    monyet
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    Let me guess, the place he moved out from is now still empty with a sign 'for rent'? Seen that many times, people that try to rip their fellow countrymen because they want to get rich.. and they all fail but don't want to lower the rent... pure gengsi .


    We haven't checked yet, but the owner suddenly started to notice that the warung was getting busier & busier so that must have played a role. It was in walking distance from STT so many many students came by every day to get their delicious Gudeg. Now he moved to another place, but also very close to STT. I think it's even bigger than the previous one.

    By the way, I do get your drift about renting vs buying, but I want to keep monthly costs as low as possible when we move, so that we don't need a big income to create a monthly positive cashflow... hence the desire to buy without a mortgage. But you are right, there are many risks to that....


    From Dayeuhkolot with love

    Pak Pupyes
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    Monyet, my housing costs are low. I pay a mere 25jt a year for a rather large, new house (5 bedrooms) in a good area. OK, Yogya is probably cheaper than Bandung, but still.


    MAD

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    One BR appt. Jakarta Kebon Sirih.
    Have seen it from outside , nothing special .

    Disewakan Apartemen 1-Bedroom, Easy Access, Free 3in1, 49m2, Fully Furnished, Siap Pakai. Rp.4.5jt/Bln. Minimalis


    bisa dicek of makemyday .

    monyet
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    4.5jt?? Mahal pisan euy....
    Those are Amsterdam prices. I think Yogyakarta is one of the nicest cities on Java though, in-laws are also originally from there (most now live in bdg) but it's more difficult to find work there, unless you're planning to start a souvenir shop at Malioboro Emoticon: Smile


    From Dayeuhkolot with love

    Pak Pupyes
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    On 12-11-2011 09:44 monyet wrote: …werkgelegenheid...

    English please, my dear Monyet. You started this in English, so you'll have to suffer. Anyway, employment is a very complicated matter. It's almost impossible to get a job as a foreigner, and starting a business yourself is risky to say the least. But i'm sure you'll have your plans ready.


    MAD

    monyet
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    On 12-11-2011 10:31 Pak Pupyes wrote:

    [quote removed]

    English please, my dear Monyet. You started this in English, so you'll have to suffer. Anyway, employment is a very complicated matter. It's almost impossible to get a job as a foreigner, and starting a business yourself is risky to say the least. But i'm sure you'll have your plans ready.


    Second time i made that mistake, but corrected it now though! It's a shame there's so few Indonesians visiting this forum, would make it more interesting!


    From Dayeuhkolot with love

    barubagus
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    I've plans of selling my apartment in Jakarta, put the money on deposit and use
    it to cover the rent. Is it a good idea???
    Money is about 1 M. How much is the 'bunga' at this moment?

    I am thinking of an apt in a condo. I'm thinking of Kelapa Gading as a good area.

    BB



    Pak Pupyes
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    I doubt if a deposit in Rp is a good idea, BB. It seems like the interest rate is less than the inflation rate.


    MAD

    monyet
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    Pak Pupyes heeft gelijk. Je kan beter investeren in Indonesische aandelen (mits je er verstand van hebt) of in fysiek goud of iets dergelijks, maar van de rente moet je het niet hebben zo te zien.


    From Dayeuhkolot with love

    Pak Pupyes
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    Well, the JSE is a bit like a casino for the Chinese. I followed it for a while (and sat with the Chinese in the broker room in BNI), and it looked to me if they were gambling. Physical gold has a few disadvantages as well: No dividend, USD related. If I were BB, I think I'd move the duit to another country, a country we understand a bit better (Holland comes to mind…), and invest there.


    MAD


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