The 2026 judging panel

Michael Hikma Gunawan is the Chairman of AREBI Bali, a respected real estate leader with more than three decades of executive experience in business leadership, real estate brokerage, and agency management.

He has played a significant role in advancing professional standards, ethical business practices, and competency-based certification for real estate practitioners in Bali.

Terje Holte Nilsen is a Norwegian expat with over 30 years of experience living and working in Indonesia, primarily based in Bali. He is the founder and key figure at Seven Stones Indonesia, a Bali-based consulting firm serving foreign investors and expats across legal, tax, property, and regulatory advisory services.

He writes and publishes under his own name across outlets including Indonesia Expat and Inside Indonesia, with a direct, opinionated, and analytically rigorous editorial voice. His work spans Indonesian political economy, Bali property and regulatory explainers, and cultural documentation, including deep engagement with Balinese Hindu ceremony.

With nearly two decades in Bali's tourism and hospitality sector, Adhiguna has built a reputation in luxury villa management, hospitality strategy, business transformation, and sustainability advocacy. Having led some of the largest property management brands in Asia, he has helped manage and develop more than 80 luxury properties across Bali.

He is a Board Member at the Indonesian Hotel General Manager Association, Bali Chapter, and a co-founder of the Canggu Hospitality Association and the Bali Villa Rental and Management Association.

He founded ArkaCara on the conviction that hospitality is not merely an industry but a living ecosystem, and that commercial sustainability depends on a regenerative synergy between people, nature, and culture.

Dipo Farizi is an Indonesian advocate and Legal Partner at Cleon Business Consulting, specialising in corporate and investment law, real estate transactions, foreign investment structuring, regulatory compliance, and legal due diligence.

Based in Bali, he advises Indonesian and international clients across property, hospitality, and investment projects, with particular focus on transaction structures, licensing, corporate governance, and regulatory risk.

He brings to the panel a practical legal perspective on transparency, compliance, investor protection, and responsible real estate development.

Tom Butler is the founder of REID, a data and analytics platform for the Bali property market. With 15 years of experience across real estate, data analytics, and development, he brings data-backed insight into the market and its trends.

Through REID he is committed to bringing greater transparency, rigour, and professionalism to the Indonesian real estate market, helping investors, agents, and developers make better-informed decisions in a rapidly maturing market.