PT PP Properti Tbk. is optimistic that residential sales in 2021 will grow at 10%-15% ranges with the marketing sales aimed to reach Rp1.38 trillion. One of the residential projects under development is Grand Kamala Lagoon (GKI) in Bekasi, West Java, residing on a total land area of 28 hectares. It... [read more]

PT Bakrieland Development Tbk. plans to develop a mixed-use property, Rasuna Park with foreign strategic partners. The TOD development requires a total investment of Rp7 trillion. The joint venture project between Bakrieland and the Provincial Government of DKI Jakarta will include foreign investors... [read more]

Ciputra Group through Ciputra Beach Resort project, Tabanan, Bali, launched new cluster namely Resvara after the success of its two previous clusters, Nivata and Sadana. The project will accommodate the upper-segmented demand for seashore resort concepted property, which is growing during the pandem... [read more]

Sixteen companies have relocated to Indonesia from mainland China, Taiwan, Japan, South Korea and the United States despite a global downturn in investment as a result of the Covid-19 pandemic. According to the Investment Coordinating Board (BKPM) they are expected to bring US$7.15 billion investmen... [read more]

PT Hutama Karya continues the completion of Trans Sumatra Toll Road (JTSS), including the Pekanbaru-Bangkinang Toll Lane of 40 km whose construction progress reached 56% as of January 2021. The Pekanbaru-Bangkinang lane is part of the JTTS Pekanbaru-Padang feeder lane of 254 kilometers, aiming to be... [read more]