The Indonesian residential property price index (16 major cities) rose by 3.1% during the year to Q2 2016, according to Bank Indonesia, but when adjusted for inflation, property prices in the country actually fell by 0.39% in Q2 2016 from a year earlier. During the latest quarter, residential property prices rose by a meagre 0.36% (0.3% inflation-adjusted).
Nominal property price figures can be misleading in Indonesia, because inflation has been high (although now slowing). Residential property has been attractive to rich Indonesians and others partly as a protection against inflation.
All Indonesia’s major cities saw nominal property price rises during the year to Q2 2016. Batam led the price hikes with house prices rising by 10.65% (6.9% inflation-adjusted) during the year to Q2 2016. It was followed by Bandar Lampung (8.46%), Palembang (7.95%), Medan (6.25%), Bandung (5.77%), Makassar (5.66%), Banjarmasin (5.36%), Manado (5.27%), Surabaya(4.28%), and Padang (3.93%).
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Singapore Makes SME Crowdfunding Easier.
July 9, 2016
Singapore plans to make it easier for start ups and SMEs to raise money through securities-based crowdfunding (SCF). The Monetary Authority of Singapore (MAS) said it will simplify the check required on investors and reduce the financial requirements for investors ‘Small offer’ issuers, raising less than S$5 million ($3.7 million) within 12 months, can currently do so without issuing a prospectus but only if they pre-qualify all investors based on their knowledge, suitability and financial means.