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INDONESIAPROPERTY MARKET OUTLOOK

Bandung, IndonesiaNovember 15 - 16, 2013

PRESENTATION AGENDA

MACRO ECONOMIC INDICATORS

PROPERTY MARKET SNAPSHOT

MAJOR INSTRUCTIONS

• Commercial• Industrial

• Sentul Nirwana

MACROECONOMIC INDICATORS

MACROECONOMIC INDICATORS

FDI LOCAL

2004 4,57 15,41 - -

2005 8,91 30,72 94,87 99,39

2006 5,99 20,65 -32,76 -32,79

2007 10,3 34,88 72,60 68,91

2008 14,9 20,36 43,80 -41,61

2009 10,00 35,00 -32,76 71,87

2010 16,21 60,50 62,15 72,86

2011 19,47 76,00 20,10 25,62

2012 24,56 92,2 26,14 21,32

2013 * 21,20 94,1

*Q3 2013

GROWTH

REALIZE INVESTMENT

YEAR

REALIZED LOCAL

INVESTMENT

(IDR Trillion)

REALIZED FDI

(USD Billion)

MACROECONOMIC INDICATORS

MACROECONOMIC INDICATORS

MACROECONOMIC INDICATORS

CORPORATE EARNINGS Q3

MACROECONOMIC INDICATORS

Economic Indicator 2009 2010 2011 2012 Q3 2013

GDP (% growth) 4.5% 6.2% 6.5% 6.2% 5.62%

Inflation (%, year end) 4.9% 6.5% 3.79% 4.32% 8.32%*

Central Bank Rate 6.5% 6.5% 5.75% 5.75% 7.5%

Lending Rate 13.0% 12.5% 10.5% 10.5% 12%

Time Deposit Rate 6.5% 6.5% 6.5% 6.5% 9%

JSX Index 2,527 3,701 3,857 4,316 4,486*

Currency (USD) 9,300 9,100 9,000 9,600 11,350*

*) As per October 2013*) As per 7 November 2013

JSX index hit below 4,500 key level on November 2013

Slowing economic performance :

MACROECONOMIC INDICATORS

PROPERTY MARKET SNAPSHOT

MAJOR PROPERTY TRANSACTION

I. COMMERCIAL

PROPERTY MARKET SNAPSHOT

1. Bank Resona Perdania Building

Jendral Sudirman Kav. 40-41Buyer : Local ConsortiumLand Size : 11,000 sqmTranx Price : USD 125,000,000 or USD 11,363 per sqm

MAJOR PROPERTY TRANSACTION

I. COMMERCIAL

PROPERTY MARKET SNAPSHOT

MAJOR PROPERTY TRANSACTION

I. COMMERCIAL

2. Sudirman Central Business District Lot 16

Golf Driving RangeBuyer : Hongkong LandLand Size : 11,000 sqmTranx Price : USD 20,000 per plot ratio

PROPERTY MARKET SNAPSHOT

MAJOR PROPERTY TRANSACTION

I. COMMERCIAL

3. Hero Supermarket (Giant) HQ

Buyer : Local DeveloperLand Size : 11,000 sqmTranx Price : USD 45,000,000 or USD 4,000 per sqm

PROPERTY MARKET SNAPSHOT

MAJOR PROPERTY TRANSACTION

I. COMMERCIAL

4. 9,000 sqm Land at Gatot Soebroto Kav. 12

Buyer : Local DeveloperTranx Price : USD 3,000 per sqm

PROPERTY MARKET SNAPSHOT

MAJOR PROPERTY TRANSACTION

I. COMMERCIAL

5. St. Regis Office Development

Buyer : GIC SingaporeGross Building Size : 90,000 sqmTranx Price : USD 2,700 per sqm or USD 240,000,00

PROPERTY MARKET SNAPSHOT

PROPERTY MARKET SNAPSHOT

MAJOR PROPERTY TRANSACTION

I. COMMERCIAL

6. Graha Unilever

Buyer : Local DeveloperLand Size : 5,200 sqmBuilding : 12,000Tranx Price : USD 29,500,00

PROPERTY MARKET SNAPSHOT

MAJOR PROPERTY TRANSACTION

II. INDUSTRIAL

TOYOTA CORP purchased another 100 ha Karawang Land belong to Lippo Group at USD 130 per sqm. The land was earmarked as cemetery land bank but converted to industrial zone.

PROPERTY MARKET SNAPSHOT

MAJOR PROPERTY TRANSACTION

II. INDUSTRIAL

PROPERTY MARKET SNAPSHOT

MAJOR PROPERTY TRANSACTION

CONCLUSION :

1. Foreign property players have been snatching up or JV for commercial properties in Jakarta Golden Triangle.

2. Large size industrial lands (100 ha) have also changed hands to foreign investors especially in Karawang area.

3. These most recent acquisitions have driven up property prices into a new territory.

PROPERTY MARKET SNAPSHOT

PROPERTY MARKET SNAPSHOT