Appraisal Indonesia is brought to you by KJPP Rinaldi Alberth Baroto & Partners. We commenced the business as property consultants with a prominent position in professional appraisal, monitoring of funds for project construction, investigating the feasibility of projects & debt restructuring advisory. We combines the property and financial expertise to assist clients with an objective and reliable appraisal. With strong property database, our appraisal team is ideally placed to keep abreast of new property trends and provide the most reliable appraisal services to our clients.


Our service line includes appraisals for:

  1. Initial Public Offerings or IPOs (coming soon!);
  2. Yearly Accounting Report of Publicly Listed Companies in Indonesia (coming soon!);
  3. Accounting Report;
  4. Loan collateral;
  5. Property transaction (buying or selling);
  6. Foreclosure;
  7. Company merger and acquisitions;
  8. Asset acquisitions and/or disposals;
  9. Partnership and joint venture arrangement;
  10. Corporate restructuring;
  11. Corporate takeover;
  12. Annual fixed asset portfolio review and appraisals;
  13. Asset re-appraisal for tax purposes;
  14. REIT (Real Estate Investment Trust) listings (coming soon!);
  15. Rights and/or bond issue (coming soon!).

Feasibility Study

We conducts studies on the financial feasibility of projects on the drawing board and carries out in-depth research on property markets and consumer preference as well. We carried out our studies based on the Highest and Best-Use of the land plots in discerning the most valuable development of the property.

Project Monitoring

In monitoring the use of funds for construction, we report to our clients on the progress of the project, cost overruns, the timelines of construction and more often than not, we are requires to advise on the disbursement of the funds. Monitoring of funds for construction is critical to the lenders and to the successful completion of the project.

KJPP Rinaldi Alberth Baroto & Partners is a appraisal service company which holds appraisal business licence (“Izin Usaha Kantor Jasa Penilai Publik”) from the Minister of Finance of the Republic of Indonesia. Prior forming the partnership the founders have a wide experience and a proven achievement, professionalism and integrity in their respective fields. We are committing to provide clients with quality appraisal reports adopting internationally accepted standards.

Our Offices

We have offices in Jakarta, Medan, and Banjarmasin.

Core Team Members

Alberth, ST, MAPPI Certified – Managing Partner
Alberth is a certified appraiser and hold a appraisal license from Ministry of Finance of Indonesia. Prior to joining the partnership, he has been working as appraiser in a foreign consultant for over 5 years. He has been involved in a variety of appraisal assignments, which were conducted for a variety of real property assets throughout Indonesia for various purposes. His specialties includes major commercial, office, and residential developments, Build Operate Transfer projects, and hotels.
He is the editor on this website. You can visit him on

Ir. M. Rinaldi Rangkuti, M.Sc, MAPPI Certified – Partner
Rinaldi is a certified appraiser and and hold a appraisal license from Ministry of Finance of Indonesia.  His specialties include major commercial, office, and residential developments,and plantations.  His Master of Science is in Property Management and Valuation from University Technology Malaysia.  Prior to forming the partnership, he has 17 years of expertise in the field.  As an experienced senior valuer, Rinaldi were trusted to teach appraisal courses in Medan and Riau area, University and In house Trainer Banking, moreover he also has expertise in market studies and highest and best use studies.