PT Lippo Cikarang Tbk. (LPCK) aims for Rp1.4 trillion in marketing sales in 2020 with 70% are expected to come from affordable landed houses. Within the first nine months of 2020, LPCK recorded Rp928 billion in marketing sales or increasing by 46% from Rp634 billion in the same period last year. By... [read more]

PT Pakuwon Jati Tbk. (PWON) is optimistic that the property business will recover in 2021 by concentrating on its mixed-use projects. PWON has allocated approximately Rp800 billion to Rp1 trillion of capex for 2021 for the development of a condominium project in Bekasi, a four-star hotel and a five-... [read more]

The Central Bank of Indonesia (BI) recorded improving retail sales in November 2020 as shown by the November 2020 Real Sales Index (IPR) with -0.4% growth monthly (mtm). This contraction was also lower from the contraction in October 2020 of -5.3% mtm. Annually, the retail sales performance in Novem... [read more]

Indonesia’s economy in the fourth quarter improved after in the second quarter contracted by 5.32% and in the third quarter improved with less contraction at -3.49% due to the National Economic Recovery (PEN) program from the government of Rp695.2 trillion budget. The government will continue the PE... [read more]

Tanrise Property allocates approximately Rp400-Rp500 billion capital expenditure for three new projects in 2021 while also completing its two existing apartment projects namely Kyo Society Apartment in East Surabaya and ARC100 Premium Apartment in the hearth of Surabaya. The new projects comprise a... [read more]