PT Agung Podomoro Land Tbk. (APLN) through its subsidiary, PT Tiara Metropolitan Land (TMI) has divested one of its assets, namely the Neo Soho Mall Shopping Center, to a Japanese property company, Hanshin Properties Corp through its subsidiary in Indonesia, PT NSM Assets Indonesia (NSMAI) at Rp1.44... [read more]

The Ministry of Public Works and Public Housing held a technical meeting with Batam Authority (BP) to accelerate the development of Rempang Island Estate in Batam, Riau Islands. One of the ministry’s assignments is to prepare a residential site plan which comprises 1,322 families (KK). There will al... [read more]

President Joko Widodo has outlined that the 2024 State Revenue and Expenditure Budget (APBN) strategy, characterized by its expansive design, will be primarily directed towards cultivating excellence, innovative, integrated, and competitive human resources. Separately, the Finance Minister Sri Mulya... [read more]

In the State-Owned Enterprises-Private Synergy Forum, the State-Owned Enterprises (BUMN) Minister Erick Thohir invited Finance Minister Sri Mulyani Indrawati to collaborate in the effort to increase the growth of the property sector, as this sector’s growth was recorded slower than other sectors. Er... [read more]

The process of determining the location for the longest toll road project in Riau, namely the Pekanbaru-Rengat Toll Road, has been completed. PT Hutama Karya (Persero) plans to construct the second phase of Trans-Sumatra Toll Road which comprises three lanes, namely Betung-Tempino-Jambi lane, Jambi-... [read more]