PT PP Properti Tbk (PPRO) aims for Rp1.3 trillion of marketing sales in 2021 and Rp1.7 trillion in revenue. This year, PPRO has allocated Rp439 billion in capital expenditures for the development of hotels in Lombok, mall constructions and paid-capital of its subsidiaries. Currently, PPRO is focus o... [read more]

The Ministry of Public Works and Housing (PUPR) is aiming to construct the total length toll road of 427 kilometers this year. As of April 2021, the completed toll road construction has reached 2,391 kilometers, comprising 62 lanes and they will be managed by the Toll Road Business Agency. The addit... [read more]

The Coordinating Board of Investment (BKPM) recorded the investment in the first quarter of 2021 with growth of Rp219.7 trillion or 2.3% higher quarter to quarter (qtq) and 4.3% year on year (yoy) with 311,793 workers employed. Meanwhile, the foreign investment was recorded at Rp111.7 trillion or in... [read more]

The Indonesia Real Estate Association (REI) projects the middle and higher segment property developers will start to recover this year. However, the lower to middle segment developers may remain under pressure. REI appreciates the Tax Added Value (PPN) incentives from the government, which will end... [read more]

PT Adhi Commuter Properti (ACP) stated that the LRT City Tebet apartment project named The Premier MTH has been 70% sold since October 2020. The investment value of Rp780 billion project is in South Jakarta and residing on a land area of 7,395 square meters. It comprises a 14-story apartment with th... [read more]