PT Bumi Serpong Damai Tbk recorded Rp 4.5 trillion in marketing sales in the second quarter of 2021 or 56% higher than the same period in 2020 of Rp 2.9 trillion. This amount was equal to 65% of the targeted marketing sales for this year at Rp 7 trillion. The sales in residential segment contributed... [read more]

PT Jaya Sukses Makmur Sentosa Tbk (Tanrise Property) targets for Rp 300 billion in marketing sales in 2021 by maximizing online marketing. In 2020, Tanrise Property recorded Rp 152 billion in revenue with the largest contribution coming from the townhouse and hotel segments. Despite the challenges d... [read more]

The Ministry of Agrarian Affairs and Spatial Planning/National Land Agency (ATR/BPN) has issued several Government Regulations (PP) as derivatives of Law No. 11 of 2020 concerning Job Creation (UUCK) to solve challenges in the property investment sector. The five new regulations include Right to Man... [read more]

The Central Bank of Indonesia (BI) revised its projection of Indonesia’s economy for 2021. The economy in 2021 is projected to grow approximately 3.8%, lower than the previous projection of 4.1% to 5.1% ranges with the median projection of 4.6%. Inflation rate is also estimated to reach the lowest l... [read more]

The Central Bank of Indonesia (BI) stated that the 2021 inflation will remain low as demand is expected to decline below the median projection of 3%. The lower inflation was related to various BI policies for all of its instrument policies to support the National Economic Recovery (PEN), including m... [read more]