DOCSLIB.ORG

Results Presentation (12M18) Results Summary (Income Statement)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Results Presentation (12M18) Results Summary (Income Statement) (Rp bn) 12M18 12M17 % YoY Effect of +25% YoY in Property Development segment Revenue 7,670 6,443 19% and +4% YoY in Recurring segment COGS (4,042) (3,445) 17% Gross Profit 3,628 2,997 21% Gross Profit Margin 47% 47% Effect of product mix Operating Expense (1,583) (1,444) 10% Operating Profit 2,045 1,553 32% Operating Profit Margin 27% 24% Effect of higher operating leverage Effect of Rp179bn capitalized interest in 12M17 vs. Interest Income (Expense) - Net (480) (327) 47% Rp89bn in 12M18 due to completion of Ciputra World Jakarta 2 project Other Income (Expense) - Net 40 71 -44% Final Tax and Income Tax (302) (279) 8% Net Income Before Non-Controlling Interest 1,303 1,019 28% Non-Controlling Interest 117 124 -6% Net Income Attributable to Owners 1,185 894 33% Net Profit Margin 15% 14% - Business Presentation 2 Results Summary (Revenue Breakdown and Margin Performance) (Rp bn) 12M18 12M17 % YoY Revenue Breakdown Property Development Revenue 5,895 4,734 25% Houses, shophouses, and land lots 4,057 3,622 12% Recognition from CitraLand Surabaya Northwest area launched in 4Q15 Apartments 1,409 716 97% Recognition from en bloc sale to Ascott of Rp675bn Office for sale 429 396 8% Construction progress of Ciputra World Surabaya Office and Kemayoran Tower 1 Recurring Revenue 1,775 1,709 4% Shopping malls 751 763 -2% Effect of lower occupancy rate Hotels 490 480 2% Hospitals 243 181 34% Improving patient volume Office leasing 158 132 20% Newly opened Tokopedia Tower Others 134 154 -12% Total Revenue 7,670 6,443 19% Margin Performance Property Development GPM 48% 46% Houses, shophouses, and land lots 53% 45% Apartments 33% 38% Effect of product mix Office towers 28% 45% Recurring GPM 51% 53% Shopping malls 61% 64% Effect of lower rental reversions Hotels 43% 41% Hospitals 41% 43% Office leasing 56% 66% Others 34% 39% - Business Presentation 3 Results Summary (Revenue per Segment and per Location) Revenue per Segment (12M18) Revenue per Location (12M18) Apartment Greater Strata Office Strata Surabaya 18% 6% 27% Shopping Malls 10% Hotels 6% Other Java 13% Others 7% Sumatra Houses, 5% shophouses, and Greater Jakarta Sulawesi land lots 52% Others 2% 53% 1% • Development = 77% (Houses + Apartments + Office) • Sustained focus on geographically diversified • Recurring = 23% (Malls + Hotels + Hospitals + Office) revenue sources to minimize concentration risk - Business Presentation 4 Results Summary (Historical Revenue Breakdown) Rp tn Development vs. Recurring Revenue 9.0 8.0 7.0 1.4 1.8 27% 6.0 1.6 1.1 1.7 5.0 24% 23% 0.8 18% 18% 4.0 16% 3.0 6.1 5.9 5.2 5.1 4.7 2.0 4.2 1.0 - 2013 2014 2015 2016 2017 2018 Development Revenue Recurring Revenue Recurring as % of Total Revenue • Continued focus on high-growth core development business and complemented by stable recurring assets - Business Presentation 5 Debt Profile SGD As of Dec-18 Fixed Rupiah Floating 21% Total Borrowings: Rp8.5tn 78% 22% 77% USD 2% (Rp tn) Maturity Profile (% of total debt) 2.5 28% 2.0 Borrowing Cost* 19% 1.5 12.7% 12.1% 11.7% 10.3% 10.2% 14% 14% 1.0 8% 7% 7% 0.5 3% 0.0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Short Term Bank Loan Maturity Long Term Bank Loan Maturity Bonds and Notes Payable Maturity Borrowing Cost *Borrowing Cost calculation includes capitalized interest expense of 96bn, 74bn, 131bn, 179bn, Rp89bn in 2014, 2015, 2016, 2017, and 2018. - Business Presentation 6 Capex Schedule Mall 7% Office for Lease 6% Hotel 2% Others 12% Historical Capex Rp tn 2.1 2.0 12M18 1.3tn 1.3 0.9 Land for Development 73% 2015 2016 2017 2018 • Land acquisition capex largely for land reclamation project in Makassar - Business Presentation 7 Financial Highlights Revenue Gross Profit (Rp bn) (Rp bn) 3,724 3,628 3,330 3,290 2,997 7,670 7,514 2,546 6,340 6,739 6,443 5,077 53% 50% 50% 49% 47% 47% 2013 2014 2015 2016 2017 2018 2013 2014 2015 2016 2017 2018 Gross Profit Gross Margin Net Profit Key Ratios (Rp bn) 1,685 1,645 1.9 1.9 2.0 1.6 1,303 1.4 1.4 1.5 1,185 1,021 894 27% 28% 31% 26% 10% 17% 22% 22% -15% -7% 15% 14% 15% 2013 2014 2015 2016 2017 2018 2012 2013 2014 2015 2016 2017 2018 Current Ratio Net Debt to Equity Net Profit Net Margin - Business Presentation 8 Balance Sheet Summary Rp bn Dec 2018 Dec 2017 Dec 2016 Dec 2015 Assets 34,289 31,872 29,169 26,259 Cash & cash equivalents 3,243 3,240 3,471 3,034 Land 13,048 11,696 10,109 9,229 Fixed Assets 3,114 3,144 3,034 2,962 Investment Properties 4,962 4,762 4,908 4,521 Others 9,921 9,031 7,647 6,512 Liabilities 17,645 16,322 14,787 13,208 Debt 8,455 7,618 6,662 5,277 Advances from customers 6,814 6,459 5,851 5,732 Others 2,375 2,245 2,274 2,200 Equity 16,644 15,551 14,382 13,050 Minority interests 2,270 2,113 1,688 1,541 Equity net of minority interests 14,374 13,438 12,694 11,510 Debt to Total Equity 51% 49% 46% 40% Net Debt to Total Equity 31% 28% 22% 17% - Business Presentation 9 Company Overview One of Indonesia’s Leading Property Developer Property Development for Sale Township Residential Condominium Office Core Business Commercial Property Development & Management Shopping Hotel Serviced Office Others Mall Apartments - Business Presentation 11 Geographically Diversified Project Portfolio Kalimantan CitraGrand Senyiur City Samarinda CitraGarden Banjarmasin Over 75 projects CitraGarden City Samarinda CitraGarden Aneka Pontianak CitraLand City Samarinda Citra BukitIndah Balikpapan in 33 cities across Medan CitraMitra City Banjarbaru CitraCity Balikpapan CitraLand Banjarmasin the nation. Pekanbaru Batam Sumatra Sulawesi CitraLand Gama City Medan Samarinda Jambi CitraPlaza Nagoya Batam CitraLand City Losari Makassar Pontianak Palu CitraLand Megah Batam Pangkal Pinang CitraLand Talassa City Makassar Balikpapan CitraRaya City Jambi Palembang CitraLand Celebes Makassar CitraLand NGK Jambi CitraGarden Makassar CitraLand Lampung Bengkulu Banjarmasin Vida View Makassar CitraLand Palembang CitraGrand Galesong City Gowa CitraLand Pekanbaru CitraLand Palu Banjarbaru Kendari CitraGarden Pekanbaru CitraLand Kendari CitraLand Botanical City Pangkal Bandar Pinang Lampung Makassar Cirebon Maja Jakarta Semarang Pekalongan Surabaya Bali Yogyakarta Malang Ciputra Beach Resort Denpasar Java CitraRaya Tangerang Ciputra World Jakarta CitraLand BSB City Semarang CitraLand Surabaya The Taman Dayu Pandaan CitraIndah City Jonggol Ciputra Puri International CitraGrand Semarang Ciputra World Surabaya CitraHarmoni Sidoarjo CitraGarden City Jakarta Citra Towers Kemayoran CitraSun Garden Semarang CitraLand Vittorio Surabaya CitraGarden Sidoarjo CitraLand Cibubur CitraGarden BMW Cilegon Barsa City Yogyakarta CitraLand The Green Lake CitraIndah Sidoarjo Citra Maja Raya CitraLand Cirebon CitraSun Garden Yogyakarta Surabaya CitraGarden City Malang - Business Presentation 12 Greater Jakarta Project Portfolio - Business Presentation 13 Marketing Sales Summary Historical Presales Presales per Location (Rp bn) 2018 2019T 9,179 Greater Other Greater 991 Other Surabaya Java Surabaya Java 7,640 21% 22% 19% 21% 7,186 431 480 3,099 6,363 Sumatra Sumatra 172 6,023 Greater 14% Greater 1,625 2,661 279 16% Jakarta Jakarta 32% 34% Sulawesi 2,423 Sulawesi 8% 2,395 11% Others 2% 5,088 5,081 4,549 3,768 Presales per Product 3,349 2018 2019T Apartments Apartments 8% 2015 2016 2017 2018 2019T 21% Shophouses 12% Directly-Owned JO - Profit Sharing JO - Revenue Sharing Shophouses Office 13% 2% Units Houses + 10,668 8,288 8,645 8,545 Houses + Sold Land Lots Land Lots 63% Office Area 3% 78% 104 73 85 74 Sold (Ha) - Business Presentation 14 Marketing Sales Summary Presales per Payment Method Presales per Unit Price 6% 10% 7% 11% 15% 12% 15% 16% 24% 29% 30% 26% 36% 40% 37% 57% 30% 21% 24% 24% 49% 48% 48% 40% 43% 32% 34% 36% 2015* 2016 2017* 2018* 2015* 2016 2017* 2018* Mortgage Instalment Cash < Rp1bn Rp 1-2bn Rp 2-5bn > Rp 5bn High proportion of mortgage payment due to exposure to Units below Rp2bn continue to make up majority of end-users and accessibility of mortgages presales as end-users are targeted *Note: 2015, 2017, 2018 excludes en bloc sales to Ascott (Rp835bn and Rp675bn) - Business Presentation 15 and Diener Syz (Rp575bn) Sufficient Land Bank to Sustain >15 Years of Development Gross Land Land ASP Ownership Land ASP Trend Project Name Bank (Rp mn per sqm) Scheme Ha 2010-13 CAGR 2013-18 CAGR 2018 CitraRaya Tangerang 100% 770 63% 11% 4.5 CitraIndah Jonggol 100% 191 17% 16% 1.8 CitraGarden City Jakarta 100% 119 48% 6% 15.2 New Project in Puri 100% 18 - - - CitraLand Cibubur JV - 60% 84 - 7% 4.1 Total Greater Jakarta 1,181 CitraLand Surabaya 100% 866 33% 10% 8.8 CitraHarmoni Sidoarjo 100% 73 31% 19% 5.0 CitraGarden Sidoarjo JV - 60% 11 23% 24% 7.4 Total Greater Surabaya 949 CitraLand Lampung 100% 28 - 16% 4.8 CitraLand Palembang JV - 60% 109 - - 3.1 Ciputra Beach Resort JV - 60% 57 - 4% 9.5 CitraLand Pekanbaru JV - 60% 7 - 14% 5.3 CitraLand NGK Jambi JV - 51% 2 - 4% 3.3 Total Others 204 Total Land Bank 2,334 - Business Presentation 16 Rights to Additional Land Bank Through Joint-Operation Schemes Development Land ASP Development Land ASP Joint Operation Project Plan (Ha) (Rp mn per sqm) Joint Operation Project Plan (Ha) (Rp mn per sqm) 2018 2018 New Project in Sentul 114 - CitraGrand Senyiur City Samarinda 397 1.6 CitraLake Sawangan Depok 12 4.8 CitraGarden City Samarinda 100 2.5 Total Greater Jakarta 126 CitraLand City Samarinda 93 2.5 The Taman Dayu Pandaan 600 3.9 CitraMitra City Banjarbaru 172 1.2 CitraLand The Green Lake Surabaya 40 9.2 CitraLand Banjarmasin 40 3.5 CitraIndah Sidoarjo 2
Recommended publications
  • Urban Analysis Report 2020

    Urban Analysis Report 2020

    Co-funded by the European Union URBAN ANALYSIS REPORT 2020 BANDAR LAMPUNG Hari Priyadi Hermon David Setyorogo Celine Anastasya 01 Irfan Gunawan I This publication was produced with the financial support of the European Union Its contents are the sole responsibility of and do not necessarily reflect the views of the European Union Urban Analysis Report 2020 FOREWORD Addressing the threat of climate change remains a top priority for the European Union (EU). The European Green Deal is a response to these challenges; it aims to transform the EU into a fair and prosperous society, with a modern, resource-efficient and competitive economy with zero net emissions of greenhouse gases by 2050. Through the Climate Resilient and Inclusive Cities (CRIC) project, the EU and Indonesia are working together to help cities build a resilient and inclusive future. We do so by building partnerships between governments, businesses, local communities and research institutes in Europe, South Asia and Southeast Asia. Clearly, there are hurdles along the way, especially in the midst of the COVID-19 pandemic. However, our response to this pandemic needs to be a sustainable one, addressing the challenges of climate change as well as economic recovery. Just last month, in Sukabumi City of West Java Province, a flash flood cost lives and forced hundreds of citizens to leave their houses. According to the Indonesian National Disaster Management Agency, Indonesia is about to experience more hydrometeorological disasters due to climate change. The CRIC Urban Analysis Report is a timely reminder that cities cannot delay their sustainable transition. This Urban Analysis Report for ten Indonesian pilot cities under the CRIC project offers a comprehensive overview of city characteristics, policy gaps and climate-related policies in the cities of Pangkalpinang, Pekanbaru, Bandar Lampung, Cirebon, Banjarmasin, Samarinda, Mataram, Kupang, Gorontalo and Ternate.
  • Optimalization of Non-Tax State Revenue for Industrial Ports and Special Terminals

    Optimalization of Non-Tax State Revenue for Industrial Ports and Special Terminals

    INTERNATIONAL JOURNAL OF SCIENTIFIC & TECHNOLOGY RESEARCH VOLUME 10, ISSUE 01, JANUARY 2021 ISSN 2277-8616 Optimalization Of Non-Tax State Revenue For Industrial Ports And Special Terminals Edward Marpaung, Raja Oloan Saut Gurning, Johny Malisan, Feronika Sekar Puriningsih, Wilmar Jonris Siahaan Abstract: The current condition of non-tax state revenues in the marine sector, especially those obtained from industrial ports and special terminals has not been maximized. This paper aims to identify what causes the non-tax state revenues acquisition of industrial ports and special terminals to be less than optimal and to seek policy recommendations that can be implemented to increase the non-tax state revenues. From the results of the analysis, it is found that several current problems are caused by the existence of industrial ports / special terminals which is not active and has not made non-tax state revenues payments, low non-tax state revenues rates on industrial ports and special terminals when compared to state-owned enterprises BUP, the existence of tariff class differentiation, there is no SOP that regulates performance of industrial ports / special terminals and several other problems. From these problems, several policy recommendations were made, such as controlling permits and payments, strengthening harbor-master, adjusting water leases, integrating digital platforms, implementing upper limit rates, intensifying and extending efforts. The policy is mapped based on the risks and implemented gradually over a period of two years starting from the quick wins phase, the short-term phase, the medium-term phase and the long-term phase. Each phase is simulated using dynamic simulation in the form of causal loop to see the projection of the non-tax state revenues.
  • 1 Urban Risk Assessment Jakarta, Indonesia Map City

    1 Urban Risk Assessment Jakarta, Indonesia Map City

    CITY SNAPSHOT URBAN RISK ASSESSMENT (From Global City Indicators) JAKARTA, INDONESIA Total City Population in yr: 9.6 million in 2010 MAP Population Growth (% annual): 2.6% Land Area (Km2): 651 Km2 Population density (per Km2): 14,465 Country's per capita GDP (US$): $2329 % of country's pop: 4% Total number of households (based on registered Kartu Keluarga): 2,325,973 Administrative map of Jakarta1 Dwelling density (per Km2): N.A. CITY PROFILE GRDP (US$) 10,222 Jakarta is located on the north coast of the island of Java in the Indonesian archipelago in Southeast Asia. It is the country’s largest city and the political and economic hub of % of Country's GDP: 20% Indonesia. The city’s built environment is characterized physically by numerous skyscrapers, concentrated in the central business district but also built ad hoc throughout the city, especially in the past 20 years. The rest of Jakarta generally comprises low‐lying, Total Budget (US$) $3.1 Billion densely populated neighborhoods, which are highly diverse in terms of income levels and uses, and many of these neighborhoods are home to varied informal economic activities. The population of Jakarta is considered wealthy relative to neighboring provinces and Date of last Urban Master Plan: 2010 1 Source: DKI Jakarta 1 other islands, and indeed its Gross Domestic Product (GDP) per capita is more than four times the national average. Jakarta is located in a deltaic plain crisscrossed by 13 natural rivers and more than 1,400 kilometers of man‐ made waterways. About 40% of the city, mainly the area furthest north near the Java Sea, is below sea level.
  • Kesesuaian Penataan Ruang Dan Potensi Investasi Di Kabupaten Bogor

    Kesesuaian Penataan Ruang Dan Potensi Investasi Di Kabupaten Bogor

    KESESUAIAN PENATAAN RUANG DAN POTENSI INVESTASI DI KABUPATEN BOGOR Frans Dione Institut Pemerintahan Dalam Negeri [email protected] ABSTRACT Bogor Regency is a district that is geographically close to the Capital City, Jakarta. This position and the potential of natural resources makes Bogor District have a great opportunity to develop investment. Investment will come into an area if the spatial policy is made in line and congruent with the potential of the investment development. This is very important for investors, because of it involves support from local government and going concern of the business. The main problem of this research is whether the spatial policy is accordance with the investment potential? This research is a descriptive research using qualitative approach. Empirical exploration is done through desk study and focus group disscusion. In addition, a prospective analysis is conducted which is analyzing strategic issues in investment development that can produce solutions for future decision makers. The results showed that there is suitabilty in spatial policy with the potential of empirical investment of each subregion. The suitability can be seen from 9 (nine) prospective investment sectors in Bogor Regency which are agriculture, fishery, animal husbandry, forestry, mining, tourism, infrastructure, industry and trade. For recommendations, the local government of Bogor Regency have to determine the superior product or commodity for each susbregion and establish priority scale for each investment sector. Keywords: spatial arrangement, potential investment, regional development. PENDAHULUAN Pembangunan suatu wilayah tidak akan lepas dari faktor endowment atau potensi yang dimilikinya. Pesatnya perkembangan Kabupaten Bogor merupakan hasil pemanfaatan potensi yang dimiliki dengan didukung oleh investasi yang ditanamkan baik oleh investor dalam maupun investor luar negeri, serta tidak lepas dari upaya pemerintah daerah dan peran serta dunia usaha yang ada di wilayah Kabupaten Bogor.
  • Situation Update Response to COVID-19 in Indonesia As of 18 January 2021

    Situation Update Response to COVID-19 in Indonesia As of 18 January 2021

    Situation Update Response to COVID-19 in Indonesia As of 18 January 2021 As of 18 January, the Indonesian Government has announced 917,015 confirmed cases of COVID-19 in all 34 provinces in Indonesia, with 144,798 active cases, 26,282 deaths, and 745,935 people that have recovered from the illness. The government has also reported 77,579 suspected cases. The number of confirmed daily positive cases of COVID-19 in Indonesia reached a new high during four consecutive days on 13-16 January since the first positive coronavirus case was announced by the Government in early March 2020. Total daily numbers were 11,278 confirmed cases on 13 January, 11,557 cases on 14 January, 12,818 cases on 15 January, and 14,224 cases on 16 January. The Indonesian Ulema Council (MUI) has declared the COVID-19 Vaccine by Sinovac as halal. The declaration was stipulated in a fatwa that was issued on 8 January. On 11 January, the Food and Drug Administration (BPOM) issued the emergency use authorization for the vaccine. Following these two decisions, the COVID-19 vaccination program in Indonesia began on 13 January, with the President of the Republic of Indonesia being first to be vaccinated. To control the increase in the number of cases of COVID-19, the Government has imposed restrictions on community activities from January 11 to 25. The restrictions are carried out for areas in Java and Bali that meet predetermined parameters, namely rates of deaths, recovered cases, active cases and hospitals occupancy. The regions are determined by the governors in seven provinces: 1.
  • THE LARGEST Township Development in Jakarta by Ciputra

    THE LARGEST Township Development in Jakarta by Ciputra

    Propertindo123.comTHE LARGEST | Properti Township Online Development in Jakarta by Ciputra Group Launching Apartment Propertindo123.com | Properti Online Ciputra Grup yang didirikan oleh Alm. Dr. (HC) Ir. Ciputra dan keluarganya pada tahun 1981, adalah salah satu pengembang properti terdiversifikasi paling terkemuka di Indonesia. Selama hampir empat dekade terakhir, Ciputra Group telah memelopori pengembangan berskala besar dan berhasil mengembangkan lebih dari 99 proyek di 33 kota di Indonesia bahkan beberapa negara di Asia. Ciputra Grup mempertahankan posisi terdepan dalam industri dengan memilih lokasi strategis untuk pengembangan perkotaan mandiri yang menggabungkan area perumahan dengan zona komersial, infrastruktur transportasi dan komunikasi, layanan public dan fasilitas. Alm. Dr. (HC) Ir. Ciputra Founders of Ciputra Group Propertindo123.com | Properti Online Propertindo123.comMilestones | Properti Online 1981 1984 – 1996 1997 – 2005 2006 – Present Establishment Growth Restructuring Expansion 1984: CitraGarden City , our first 1997: 2006: 2014: Citra Maja Raya residential project, in West • Century 21, our property broker • Grand Phnom Penh International City, Universitas Ciputra International Jakarta business unit Ciputra, Mall Ciputra Seraya Pekanbaru : CitraGarden City Malang • Citra Harmoni Sidoarjo 2015 Established under : Sedaya Citra Media, our media : CitraLiving Jakarta 1991 • CitraIndah Jonggol 2007 the name of PT business unit • Ciputra World Surabaya, CitraLand City Samarinda • CitraGran Cibubur Citra Towers Kemayoran
  • Embracing the Sun

    Embracing the Sun

    PROJECT/PROGRAMME PROPOSAL TO THE ADAPTATION FUND EMBRACING THE SUN Redefining Public Space as a Solution for the Effects of Global Climate Change in Indonesia's Urban Areas PART I: PROJECT/PROGRAM INFORMATION Project/Program Category : SMALL-SIZED PROJECT/PROGRAMME Country/ies : INDONESIA Title of Project/Programme : EMBRACING THE SUN: Redefining Public Space as a Solution for the Effects of Global Climate Change in Indonesia's Urban Areas Type of Implementing Entity : NATIONAL IMPLEMENTING ENTITY Implementing Entity : Kermitraan Executing Entity/ies : 1. Resilience Research Institute, the University of 17 Agustus 1945 Surabaya, Indonesia 2. School of Design Office, Creative Industries Faculty, Queensland University of Technology Amount of Financing Requested : $ 824,835 (in U.S Dollars Equivalent) 1. PROJECT/PROGRAMME BACKGROUND AND CONTEXT This project aims to explore flood adaptation infrastructures as a new typology of public space to face climate adaptation, so enhance awareness of Indonesian and laid a concrete resilient groundwork in the face of the climate crisis1 recognizes the strategic role of public space in supporting communities located in urban environments. Recent research addresses issues of vulnerability in public spaces and explores resilience strategies that reduce the2,3 through water sensitive design, which is adopted to minimize4. All the measures described are reactive by nature; aiming to cope with the effects of climate change. This project adopts a different approach to face climate change, focusing on public space as an infrastructure that is ideal for facing the challenged of climate change, as well as a key urban element and as means for community engagement and education on climate change.
  • Only Yesterday in Jakarta: Property Boom and Consumptive Trends in the Late New Order Metropolitan City

    Only Yesterday in Jakarta: Property Boom and Consumptive Trends in the Late New Order Metropolitan City

    Southeast Asian Studies, Vol. 38, No.4, March 2001 Only Yesterday in Jakarta: Property Boom and Consumptive Trends in the Late New Order Metropolitan City ARAI Kenichiro* Abstract The development of the property industry in and around Jakarta during the last decade was really conspicuous. Various skyscrapers, shopping malls, luxurious housing estates, condominiums, hotels and golf courses have significantly changed both the outlook and the spatial order of the metropolitan area. Behind the development was the government's policy of deregulation, which encouraged the active involvement of the private sector in urban development. The change was accompanied by various consumptive trends such as the golf and cafe boom, shopping in gor­ geous shopping centers, and so on. The dominant values of ruling elites became extremely con­ sumptive, and this had a pervasive influence on general society. In line with this change, the emergence of a middle class attracted the attention of many observers. The salient feature of this new "middle class" was their consumptive lifestyle that parallels that of middle class as in developed countries. Thus it was the various new consumer goods and services mentioned above, and the new places of consumption that made their presence visible. After widespread land speculation and enormous oversupply of property products, the property boom turned to bust, leaving massive non-performing loans. Although the boom was not sustainable and it largely alienated urban lower strata, the boom and resulting bust represented one of the most dynamic aspect of the late New Order Indonesian society. I Introduction In 1998, Indonesia's "New Order" ended.
  • Unit City Level 1 Unit 183C, 185C, 187C, Jl. Asia Afrika No.8 GF Unit G

    Unit City Level 1 Unit 183C, 185C, 187C, Jl. Asia Afrika No.8 GF Unit G

    Address No Shop Name Phone Unit City 1 Plaza Senayan Level 1 unit 183C, 185C, 187C, Jl. Asia Afrika No.8 South Jakarta 021-572 5126 2 Pondok Indah Mall 2 GF unit G55, Jl. Metro Pondok Indah, Kebayoran Lama, South Jakarta 021-7592 0871 3 Grand Indonesia Shopping Town West Mall, 3A Floor unit ED 1-12A, Jl. M.H. Thamrin No. 1, Kebon Kacang Central Jakarta 021- 2358 0341 4 Central Park GF unit G 217 A, Jl. Let. Jendral S. Parman kav.28 West Jakarta 021-5698 5350 5 Senayan City 5th Floor unit 5-30 , Jl. Asia Afrika Lot. 19 South Jakarta 021-7278 1165 6 Puri Indah Mall unit G E003, Jl. Puri Agung, Puri Indah, Kembangan Selatan West Jakarta 021-582 2774 7 Super Pakuwon Mall Indah Pakuwon Mall 2nd Mezzanine no 41 Jl Puncak Indah Lontar no 2 Surabaya 031-991 47564 8 Tunjungan Plaza 3 Plaza Central Lantai PC-01. No.90. Jalan Basuki Rachmad No 8A,10A,12A. Surabaya 60261 Surabaya 031-992 50528 9 Kota Kasablanka GF Food Society unit FSG M26, Jalan Casablanca Raya Kav. 88 South Jakarta 021-2948 8494 10 Gandaria City Main Street GF, MG12, JL. Sultan Iskandar Muda, Kebayoran Lama South Jakarta 021-2900 7932 11 Emporium Pluit Mall 4th unit IC-07, Jl. Pluit Selatan Raya, Penjaringan North Jakarta 021-6667 6738 12 Plaza Indonesia Level Basement Unit #088,089, Jl. MH Thamrin, Jakarta Pusat - 10350 Central Jakarta 021-29921928 13 Cilandak Town Square GF unit B 040, Jl. T.B. Simatupang Kav. 17 South Jakarta 021-766 3054 14 Mal Kelapa Gading 1 GF-183, Jl.
  • New Town Development in Indonesia Renegotiating, Shaping and Replacing Institutions

    New Town Development in Indonesia Renegotiating, Shaping and Replacing Institutions

    Bijdragen tot de Taal-, Land- en Volkenkunde Vol. 167, no. 1 (2011), pp. 60-85 URL: http://www.kitlv-journals.nl/index.php/btlv URN:NBN:NL:UI:10-1-100913 Copyright: content is licensed under a Creative Commons Attribution 3.0 License ISSN: 0006-2294 MARLEEN DIELEMAN New town development in Indonesia Renegotiating, shaping and replacing institutions In line with the trend of urbanization in the developing world, Indonesia has undergone a rapid demographic shift from rural to urban areas. According to the United Nations, the proportion of urban dwellers in Indonesia was 17 per cent in 1970, 22 per cent in 1980, 31 per cent in 1990 and 42 per cent in 2000 and it has now surpassed 50 per cent (Urbanization 2007). This rapid urbaniza- tion is mirrored in the growth of Jabotabek1 and other Indonesian cities such as Surabaya in the past decades. Prices of land and real estate in and around urban areas, as well as the density and size of the cities, have increased significantly. The growth of urban areas has intensified the need for more infrastructure and services in the form of roads, sewerage, water management, public transport, and housing. The Indonesian government has not always been able to keep up with the increased growth, and Jakarta currently faces an assortment of problems such as regular flooding, pollution, security problems, poor road and pavement conditions, persistent traffic jams and inadequate public transport. Apart from urbanization, Indonesia has also witnessed significant eco- nomic growth in the past decades. During Soeharto’s New Order, for exam- ple, the economy grew at an average of 7 per cent annually over a period of 32 years (1966-1998).
  • Download Article (PDF)

    Download Article (PDF)

    Advances in Social Science, Education and Humanities Research, volume 212 2nd International Conference on Education Innovation (ICEI 2018) Education Management of Early Childhood Education Programs (Case Study in Ciputra International School) Nimatur Rohmah, Yatim Riyanto, Moedjiarto Universitas Negeri Surabaya Surabaya, Indonesia [email protected] Abstract—Early childhood is an early stage associated kindergarten, Raudatul Athfal, or other similar forms. While with growth and development, education provided early on can early childhood education on the non-formal path in the create qualified Human Resources (HR). Early childhood form of Play Group, Child Care. Early childhood education education will be able to restore future community portraits to in the informal education path is in the form of family face the challenges of globalization, most of the early childhood education or education organized by the environment ". that follows the early childhood program benefit when they have entered adulthood. it can be said that the ability of both The importance of education provided to children early children is cognitive and non-cognitive that is able to facilitate on is able to prepare superior human resources and ready to to learn at the next level. This research used a qualitative compete in the era of globalization. In line opinion on more approach with a case study model. The results of this study cost-effective investment, early childhood education will be indicate that: (1) planning starts from formulating the vision able to recoup several times more investments than after and mission and socializing to all stakeholders, the planning consists of several programs namely improving the quality of school age (in school education) and adult age.
  • Restoran Dinas Kebudayaan Dan Pariwisata Kota Surabaya

    Restoran Dinas Kebudayaan Dan Pariwisata Kota Surabaya

    DATA USAHA RESTORAN DINAS KEBUDAYAAN DAN PARIWISATA KOTA SURABAYA NO. NAMA USAHA ALAMAT TEMPAT USAHA Jl. Ach. Yani No.16-18 Surabaya (Royal Plaza Lt.3 1 Richeese Factory No.01-10 A & 10 B) Telp. 031-8271394 Jl. Ach. Yani No.228 Surabaya (Cito Unit GE-28) 2 Richeese Factory Telp. 031-58251266 Jl. Bubutan No.1-7 Surabaya (BG.Junction Unit GL. 3 Richeese Factory A.1a-A1) Jl. Ach. Yani No.73 Surabaya (Maspion Square En- 4 Richeese Factory tertaint Centre MCC 2 d) Jl. Ach. Yani No.73 Surabaya (Maspion Square Lt. 5 A & W Restaurant Dasar G.02-05) Telp. 031-8477571-72 Jl. Raya Dukuh Kupang No.111 Surabaya 6 Akam Telp. 031-5679671 Jl. Manyar Kertoarjo No.91 Surabaya 7 Seigo Japanese Cuisine Telp. 031-5475050 / 081-331829262 Jl. Ach. Yani No.16-18 Surabaya (Royal Plaza Lt. 8 A & W Restaurant Ground No.A.1-01) Telp. 031-8271350 Jl. Mayjend Sungkono No.89 Surabaya (Ciputra World 9 A & W Restaurant Lt.LG Unit 27A) Telp. 031-51200264 Jl. Basuki Rahmad No.15 Surabaya (Hotel Bekizaar Lt. 10 Jaloe Resto & Cafe UG) Telp. 031-5312296 Jl. Ach. Yani No.228 Surabaya (City Of Tomorrow Lt. 11 Rollaas Coffee & Tea LG.FL. / LB-02) Telp. 031-3551896 Jl. Klampis Jaya No.12-F Surabaya 12 Duckloko Resto & Cafe Telp. 031-5920275 Jl. Bukit Darmo Boulevard Surabaya (Lenmarc Mall 13 Capital Level Ground Unit G-12) Telp. 031-51162899 Jl. A.Yani No.16-18 Surabaya (Royal Plaza Unit F.1 14 D’ Cost Sea Food 21–A.