MRT Jakarta (Perseroda) reported that the construction progress of Phase 2 MRT Jakarta connecting Bundaran HI to Kota has reached 31% or reaching 6 kilometers. The development of 2A includes the CP201 segment (Bundaran HI-Harmoni), CP202 (Harmoni-Mangga Besar) and CP203 (Mangga Besar-Kota) segments... [read more]

The Central Bank of Indonesia (BI) has kept its benchmark interest rate unchanged at 6% and reaffirmed that further cut to the policy rate might be in order in the second half of this year. BI had maintained the key rate at 5.75% for most of 2023, before unexpectedly increased it by 25 basis points... [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]