The Coordinating Board of Investment (BKPM) data shows that the realized investment in property sector, which comprises residential, industrial estate and office spaces has reached Rp22.145 trillion in the first quarter of 2021. The Indonesia Real Estate Association (REI) believes that the realized... [read more]

As of March 2021, PT Perintis Triniti Properti Tbk. recorded Rp193.7 billion in sales, increasing by 107.6% from the previous Rp93.3 billion. The increase signals a recovery in the economy, property sector and consumers’ confidence albeit not 100% prior to the pandemic. It can be seen from the Consu... [read more]

The Asian Development Bank (ADB) estimated that Indonesia’s economy will grow by 4.5% this year and 5% in 2022. ADB considered that Indonesia has well managed the 2020 with coordinated crisis responses and good communications. [read more]

PT Krakatau Bandar Samudera (KBS) is proposing the Kertajati International Airport, West Java to function as an e-commerce distribution hub. In addition to its large capacity, the airport is also accessible from two large infrastructures comprising Patimban Port in Subang and Cileunyi-Sumedang-Dawua... [read more]

PT Kawasan Industri Terpadu Batang accelerates the construction progress of Batang Integrated Industrial Area (KIT) or Grand Batang City. As of April 2021, the progress for site construction of cluster 1 phase 1 on a land area of 450 hectares has reached 95.17%. The progress of zone 1 to 3 in the cl... [read more]