The most exclusive real estate awards programme in Indonesia takes place on 13 October at the Fairmont Jakarta

Hendra Hartono
Hendra Hartono, CEO of Pt Leads Property Services Indonesia, is the Indonesia Property Awards 2016 chairman of the judges

Coming back for a successful second year, the Indonesia Property Awards 2016 promises to be the most credible industry awards programme for the real estate sector, with the archipelago’s biggest names in attendance.

This year’s black-tie gala dinner event, organised by PropertyGuru, Asia’s leading property media company, will now take place on Thursday, 13 October, at the Fairmont Jakarta, official hotel venue, from 18:00 to 22:30. It will be preceded by the Property Report Congress Indonesia in the morning, where Indonesia’s top real estate leaders will meet to discuss the burning issues concerning the property sector.

Hendra Hartono, chief executive officer of Pt. Leads Property Services Indonesia, has been named chairman of the independent panel of judges, which comprises the most prominent names in Indonesian real estate, architecture and design.

A property veteran for two decades now, Hartono has provided real estate solutions for more than 150 major corporations, with an estimated transaction value of USD2 billion-plus. Before becoming CEO of Leads Property, Hartono managed the operations of Pt. Procon Indah.

On becoming the chairman of the judging panel, Hartono said: “This year we have some new faces joining the central panel and they come from different background and skills set, and are highly respected professionals in the market, especially within property industry. We do hope that by having these reputable names of judges will increase the credibility of the Indonesia Property Awards.”

Hartono believes that the Indonesian market is a resilient one, despite hitting its lowest point in 2015 with softening demand in almost every segment.

Hendra Hartono at the Indonesia Property Awards 2015
Hendra Hartono speaking with Property Report at the Indonesia Property Awards 2015

“Indonesia’s property market is maturing in the emerging cities, especially in the Jakarta metropolitan region and cities like Surabaya, Bandung, Medan and Bali, etc.,” he said. “Numerous opportunities still exist in these markets.”

He noted that while the short-term economic slowdown has affected investor appetite as well as the sentiment towards property investment in general over the past year or so, the local property market in general has shown resilience, especially when compared with different economic crisis of the past.

“The resilience is due to many factors like prudent investor activity, more regulated control over credit creation by banks, less speculation, tax friendly environment for buyers, infrastructure development and improvement, economic stimulus packages to boost the sluggish growth of the economy and tax amnesty scheme, which may bring back investor’s confidence.

“More notably, many foreign investors and investor groups are now actively seeking opportunities in property market in Indonesia, which is one of the largest economies in Asia.”

Hartono, an Architectural Engineering graduate from the University of Tarumanagara and an MBA holder from the University of San Diego, California, was also a member of the central panel of judges at the inaugural Indonesia Property Awards 2015, which saw Sinar Mas Land, Kencana Graha Global, Lippo Group and Ciputra Group claim the biggest honours.

Super early bird bundled tickets for the 2016 event are now on sale. For single person entry is IDR3,420,000, while a table for 10 costs IDR30,902,500, with prices valid until 12 August.

For nominations and more information about the Indonesia Property Awards, visit the official website.