Lowyat.NET: Latest topics by Mrkoala

Indonesian bond

Thu, 01 Jan 1970 07:30:00 +0800

Indonesian bond

Mrkoala — Fri, 17 Aug 2018 00:53:22 +0800

For your information.

SAVING BOND RETAIL(SBR) will be launched from aug 20 2018

Tenure : 2 years
Coupon rate : 8.05% per annum ( floating with floor)
Floor rate being 8.05
Interest paid : monthly
Early redemption : allowed (max 50% after 1 year)
Min purchase : 1 million rupiah
Max purchase : 3 billion rupiah
Witholding tax on intetest : 15 %
No secondary market

More info visit: https://www.kemenkeu.go.id/sbr

NOTICE:
ONLY INDONESIAN CAN BUY BECAUSE TO REGISTER YOU NEED IC AND TAX FILE NUMBER (KTP AND NPWP).

Since alot of malaysian has got connection with indonesian through family and friend, you could hitch a ride with them.

My opinion is this is a very good issue considering:

1. The 10 years note (SUN) that foreigners can buy currently yield around 7.9%.
2. The floating rate is calculated from BI 7 days repo plus a premium of 2.55. The current BI7drr is at 5.5%. If BI7drr drops in the future you are still guaranteed with 8.05.
3. Interest paid monthly
4. Early redemption allowed with condition
5. 15 % witholding tax compared to 20% for fixed deposit
6. Current 1 year fd rate ranges from 5.5 to 6.3

The only downside is the currency exchange risk. But myr has increased significantly since the beginning of 2018 against rupiah.

PLUS

if your relative or friend buy through investree you get 1 percent cash back. Effectively increase your gross yield to 8.55 if you decide to keep for full tenure.
Investree is indonesian p2p lending platform that has received authorization from indonesian authority to become one of 11 entities to sell sbr 004

For further info
https://sbn.investree.id

What is market price

Mrkoala — Mon, 13 Aug 2018 22:22:06 +0800

One of the most frequent use phrase in property talk is Market Price.

I personally think it is very vague especially under current circumstances.

Lets take cyberjaya properties for example. Since there are a lots of auction properties coming out from cyber would you say its fair that market price for cyber properties would have to take these into considerations?

Anyway, how would you derive a market price for a property? From bank valuation or professional valuer? From past transactions of similar properties? Would you include the macro and micro economics factors such as interest rate trend, government policies, trade wars, etc etc

Perhaps lowyat sifus and agents could share their insights into how they calculate market price. It would be interesting to see and perhaps would be of some use for agents, property owners and prospective buyers if a general consensus can be formed.