LPS CHINA TALKS: EPISODE 7: MR. ANDREW CORKERY – INDONESIA MARKET
EPISODE 7: Mr. Andrew Corkery | Founder & CEO | SELO Group
We are glad to introduce you Mr. Andrew Corkery in this episode of LPS CHINA TALKS. Mr. Andrew is the Founder & CEO of Selo Group, a premier regional property company in Indonesia, one of Indonesia’s largest Lombok real estate developers.
Selo Group began its journey in South Lombok in 2009. Since then the Australian founders have spent the next 10 years growing and refining Selo Group’s business model, creating a fully-integrated development business spanning across Design, Property Sales & Marketing, Legal & Permits, Construction, Project Management and Hotel & Resort Operations. Now it’s one of the largest developers in Lombok, Indonesia.
For many years, Mr. Corkery has followed his vision, focusing on building unique integrated residential investment projects (such as Selong Selo Residences, Luxury Surf Villa and Kemah Luxury Tent Villa) on the island of Lombok that is regarded as the “next Bali” and achieving continuous success.
LPS：Can you please introduce your company briefly?
Mr. Corkery: Selo Group is a fully integrated development business spanning across Design, Property Sales & Marketing, Legal & Permits, Construction, Project Management and Hotel & Resort Operations.
Selo Group’s portfolio of high-end land and development projects are located primarily along the stunning coast of South Lombok Indonesia.
The Group’s flagship project, Selong Selo Resort & Residences, is a community of luxury ocean view villas within a fully managed resort with villas ranging from studio to seven bedrooms all with their own private pool, and include the ‘Kemah’ estate, a luxury tented resort and Luxury Surf Villas.
Selo Group have built large multi-million dollar properties successfully in Indonesia on time and budget to the highest of international standards, and has created efficiencies throughout the build process, resulting in a smooth and seamless experience for their clients from beginning to end.
LPS：What’s your sales and marketing strategy for China market?
Mr. Corkery: Selo Group’s 2020 sales and marketing strategy is to manage and develop our sales channels in China to achieve continues sales growth.
With a strong focus on driving brand awareness in the Chinese market through key platforms such as WeChat, Uoolu and soon JD.com we aim to educate new Chinese investors on our Indonesian properties and also the ability to generate high capital appreciation and yields versus the more well-known islands such as Phuket and Bali.
LPS：Which properties would you like to present to Chinese buyers and investors this year?
Mr. Corkery: Luxury Surf Villas within our flagship project in Lombok, Selong Selo Resort & Residences offering Studio, One & Two Bedroom Villas with pool and currently an assured 8% yield and the next stage will be sold at a higher price.
Within the exclusive resort, the Surf Villas combine effortless luxury with the natural beauty of the island’s surrounds.
Each villa is equipped with modern fittings and its own private plunge pool. Selong Selo’s Luxury Surf Villas are ideal for solo, duo or small groups of travellers seeking a paradise adventure.
A hillside haven with an emphasis on wellness, adventure, world class dining and unforgettable natural surroundings; Selong Selo Luxury Surf Resort is located next to the award-winning Selong Selo Resort & Residences in South Lombok.
Selong Selo’s Luxury Surf Resort combines the comfort and amenities of a world class hotel with the unique opportunity to experience the thrills and adventures offered by its natural surroundings.
LPS：What are the notable aspects of your properties / developments?
Mr. Corkery: With superior beaches, surfing, a drier micro-climate, and lower entry point, South Lombok is the perfect location. Access to Resort-style facilities, Clubhouse with Pool, Restaurant, fully equipped gym, Children’s Club, tennis court and luxury day spa … all just minutes to the beach!
The Luxury Surf Villas showcase panoramic ocean views from floor to ceiling windows.
LPS：What benefits a Chinese investor can get by investing into your properties?
Mr. Corkery:
- A very attractive and opportunistic investment with assured 8% yield and strong capital appreciation opportunities ahead of the Moto GP next year and planned more direct flights from China. Lombok continues to trade at significant discount to Bali and gap will quickly close into 2021 given the planned government spend on the island
- Passive investment with a well-capitalised developer looking after all their needs
- 30 days stay in your Luxury Surf Villa
- Allowing Chinese to mix with a high net worth from across the world. Current investors are from over 20 different countries
LPS：What are the steps involved for Chinese investors to go ahead and purchase with you?
Mr. Corkery: Steps to Purchase for investors：
- Select the desired unit, sign Reservation Agreement and deposit of 50K USD before the Stage one sells out
- After booking of unit, to review and execute the Master Agreement within 14 days.
- Purchaser will commence land securitisation process
- Purchaser pays 4 scheduled land and construction payments over the construction period.
Selo Group will be participating at LPS Beijing 2020, the 21st edition. We look forward to welcoming you at the Wanda Vista Beijing, this December 4-6.
