PT Hutama Karya Infrastruktur (HKI) continues the construction of Trans Sumatra Toll Road (JTTS), including the Rengat-Pekanbaru Lane section Pekanbaru Ring Road which spans a total length of 3057 km. The project was started in June 2023 with the target to be completed in 2026. As of September 2024,... [read more]

Data from the Bank of Indonesia shows that the property loan only grew by 7.6% annually (yoy) to Rp 1,403.6 trillion, slowing from the previous month when the growth was recorded at 8% yoy. In September 2024, the highest growing property loan was recorded by house and apartment loan which reached 10... [read more]

The Bank Survey of the Bank Indonesia Banking reported that the new loan distribution in the third quarter of 2024 was indicating positive growth, as reflected by the new loan distribution Net Weighted Balance (SBT) at 80.6%. Furthermore, the fourth quarter of 2024 new loan distribution is estimated... [read more]

PT Lippo Karawaci Tbk (LPKR) reported its marketing sales achievement until the third quarter of 2024 reaching Rp 4.25 trillion. This achievement is equal to 795 of its 2024 target. Furthermore, this achievement also reflected a 26% growth from the third quarter of 2023. Residential properties remai... [read more]

PT Cemerlang Indo Properti (CIP), a subsidiary of PT Pakuwon Jati Tbk., officially announced its strategic partnership with Ascott Limited, the hospitality business unit of Singapore’s CapitaLand Investment (CLI), to develop Ascott Batam. The project contained in a mixed use development is claimed t... [read more]