PT Metropolitan Kentjana Tbk. (MKPI) is optimistic on a better prospect of property business this year, although the Value Added Tax Borne by the Government (PPN DTP) incentive in general, has not greatly impacted its sales.  In 2024, MKPI will focus on areas including the currently utilized Ranch M... [read more]

PT Krakatau Sarana Properti (KSP), a subsidiary of the State-Owned Enterprise PT Krakatau Steel (Persero) Tbk. (KRAS) in the property sector, will implement a new business model in 2024 to boost revenue. In the new business model, KSP will expand its business into the logistics, industrial estate ma... [read more]

The Residential Property Price Survey (SHPR) from Bank Indonesia (BI) indicates that residential property prices in the primary market grew in the fourth quarter of 2023 by 1.74% yoy, lower than 1.96% yoy recorded in the third quarter of 2023. The growth was reflected by growth of sales by 3.27% yoy... [read more]

The Hyatt Place officially operates Hyatt Place Makassar in Indonesia, located at Jl. Jend Sudirman 31, South Sulawesi, on Saturday (17th February). This hotel is the third property collaboration between Paradise Indonesia and Hyatt Hotels Corporation. In developing the 31 floors hotel, Paradise Ind... [read more]

Based on data from the Central Bureau of Statistics (BPS), Indonesia’s trade balance was recorded with US$2.02 billion surplus in January 2024, continuing the uptrend in the last 45 months since May 2020. However, the value of the surplus in January 2024 was 38.60% lower than in the previous month w... [read more]