Developers predict that property market prices will remain stagnant in the second semester of 2020 despite the current new normal due to uncertainty. Previously, Residential Property Price Index (IHPR) from the Central Bank of Indonesia in the first quarter of 2020 recorded at 1.68% (YoY), lower tha... [read more]

The construction of the Phase 3 Jakarta Mass Rapid Transit (MRT) project with a route of Ujung Menteng-Kalideres is targeted to start in 2021. Currently, the funding is being discussed by the DKI Jakarta Provincial Owned Enterprises and the National Development Planning and the Ministry of Transport... [read more]

The Indonesia Real Estate Association (REI) requests for a fast response from banks after the Central Bank of Indonesia cut the 7-Days Reverse Repo Rate (BI7DRRR) by 25 basis points to 4.25%. The rate cut was expected to support economic growth and stimulate the business world, including the propert... [read more]

PT Puradelta Lestari Tbk. (DMAS) achieved a revenue target of Rp107.63 billion with a net profit reaching Rp53.36 billion in the first quarter of 2020 or increasing by 552.32% from Rp8.18 billion in the same period last year. This growth was recorded by the increase revenue of 1,592%. In the first q... [read more]

Despite the physical distancing (PSBB) has been eased out, the demand on industrial estates is estimated to be limited during the new normal due to limited activities. The demand is subject to Indonesia’s economic condition in the third and fourth quarter. According to the Indonesia Industrial Estat... [read more]