Real Estate
Who is Our Team?

Our real estate division is supported by real estate valuers with formal education majoring in civil engineering, mostly members of MAPPI (Indonesian Society of Appraisers).

What is Our Task?

The task of real estate division are to undertake all services in valuation, project monitoring, highest and best use study related to property (land and/or buildings and other land improvement).

What are The Approaches and Methodologies?

The approaches and methodologies that are used ,

  • Sales Comparison Approach, this comparative approach considers the sales of similar or substitute properties and related market data, and establishes a value estimate by processes involving comparison. In general, a property being valued (a subject property) is compared with sales of similar properties that have been transacted in the market. Listings and offerings may also be considered.
  • Income Capitalisation Approach, this comparative appproach considers income and expense data relating to the property being valued and estimates value through a capitalisation process. Capitalisation relates income (usually a net income figure) and a defined value type by converting an income amount into a value estimate. This process may consider direct relationships (known as capitalisation rates), yield or discount rates (reflecting measures of return on investment), or both. In general, the principle of substitution holds that the income stream which produces the highest return commensurate with a given level of risk leads to the most probable value figure.
  • Cost Approach, this comparative approach considers the posibility that, as a substitute for the purchase of a given property, one could construct another property that is either a replica of the original or one that could furnish equal utility. In a real estate context, one would normally not be justified in paying more for a given property than the cost of acquiring equivalent land and constructing an alternative structure, unless undue time, inconvenience, and risk are involved. In practice, the approach also involves an estimate of depreciation for older and/or less functional properties where an estimate of cost new unreasonably exceeeds the likely price that would be paid for the appraised property.
Why do We Need Real Estate Valuation Services?

Real Estate Valuation is comonly undertake for purposes below:

  • Financing for Financial Institution
  • In supporting the Business Valuation
  • Initial Public Offering (IPO)
  • Financial Reporting
  • Acquisitions and Disposal
  • Insurance Placement
  • Leasehold Interest.
Our Experience

The experience of real estate divisions are among others:

  • Valuation of assets of regional government.
  • Valuation of property af government owned enterprises.
  • Development monitoring of hotels and office towers and housing estate.