What to Do When Starting a Real Estate Agency in Indonesia
Indonesia has a fast-growing economy that makes it fit for development of major real estate projects. The country has also benefited from increased foreign investment from countries such as South Korea, China, and Japan. Those who plan to start a real estate agency in Indonesia ought to be aware of several important points.
Those who intend to start a real estate agency ought to consider the marketing factors which will either increase or decrease the profitability of the company. The real estate business is an ever-growing business in Indonesia with much potential for profit; thus, one must make sure that no action goes to waste in this regard.
Most real estate agencies in Indonesia start in small towns before moving on to larger cities. They often brand their real estate business through local advertisements. Real estate agents also ought to be able to select the proper location for investment, build a team which will carry out research appropriately, and understand the consumers’ wants.
Real estate agencies must also focus on the building of infrastructure and visual impact of houses. Well-planned selling and marketing campaigns will help the agency reach a more diverse audience. Thus, it is essential to find a marketing agency which will be able to create suitable selling and marketing campaigns.
Owners of real estate agencies must also manage their business cash flow in order to help them achieve their desired level of business profits. They must also pay all costs incurred during the starting of the business. A cash flow analysis will help the owner understand how to best increase profit levels.
Should you require any assistance with your business’s cash flow or any other financial matters which relate to your business, we at Paul Hype Page & Co are able to be of assistance to you. We are able to provide our services related to financial planning. We will work with you to create a financial plan which will allow your business to be in the best possible financial condition.
Licenses Required by Indonesian Real Estate Agencies
There are certain licenses required by Indonesian real estate agencies. One of these is the Spatial Utilization License, which is acquired by realtors to use a particular space for spatial utilization. There is also the Location License, which is issued for the foreign investment companies. This license helps them make investments in the real estate sector. It also allows them to utilize land for either investment or business purposes. The Utilization and Function Plan License allows for condominium development. This license is obtained from the mayor of a city except in the Jakarta region, where it is obtained from the governor. Real estate agencies must also obtain an Environmental License. It is to be obtained by real estate agencies which are carrying out business activities which have an environmental impact. This license controls any adverse effects that may otherwise hit the environment adversely.
Incidentally, many businesses in Indonesia besides real estate agencies require licenses. It may occasionally be difficult and time-consuming for one to undergo all the require procedures and processes which surround a license application. This is where we at Paul Hype Page & Co play our role. We will assist you with settling the details of your license application so that you will be able to place more emphasis on the running of your business, thus leading to increased profits.
The licenses which are provided to the real estate agencies of Indonesia are issued to maintain the safety of the general public, homeowners, and businesspeople. These licenses also provide evidence that a particular real estate agency follows the rules and regulations set by the government.