Common Contracts
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ContractMay 4th, 2020
MNC Land (KPIG IJ) Trump franchise, another multi-bagger in the making? Second Trump residential franchise in Southeast Asia, located in non-CBD areasIn August 2015, KPIG and Trump Hotel Collection have reached an agreement to manage six-star luxury resorts and residential development, which obliges KPIG to pay annual licensing fee based on certain percentage of sales. Trump Residences Indonesia is the second Trump residential franchise in Southeast Asia, preceded by Trump Tower Philippines, a high-rise residential building opened in 2017. Despite maintaining the luxurious Trump brand standards, both projects employ different marketing strategies. Unlike Trump Tower Philippines which is located in Makati CBD, Trump Residences Indonesia wil be located in non-CBD areas, i.e. Lido, West Java and Tanah Lot, Bali.Favorable income demographics and fiscal incentives for luxury propertyASP/unit of Trump Residence Bali and Lido ranges between IDR8-15bn for condo and IDR30-80bn for villa. As Ind
