PT Pakuwon Jati Tbk. (PWON) has started the construction of Pakuwon Bekasi Superblock, Bekasi in 2021. Bekasi is chosen as the development of several infrastructure drives its rapid growth. The development of Pakuwon Bekasi Superblock will include Pakuwon Residence Bekasi, comprising a total of 2,99... [read more]

PT AKR Corporindo Tbk. (AKRA) is confident to sell 14 hectares of its industrial land area within the Java Integrated Industrial & Port Estate (JIIPE) Gresik, East Java before the end of the first quarter of 2021. This year, AKRA aims to sell 30 hectares to 35 hectares of land area in JIIPE Gresik.... [read more]

Indonesia-Singapore Bilateral Investment Treaty (BIT) has been ratified and it is expected to boost the investment flow for both countries by 18% and 22%, respectively over the next five years. The treaty provides greater legal certainty to Indonesian and Singaporean investors who invest in each cou... [read more]

PT Kereta Api Indonesia (Persero) (KAI) aims to operate the Greater Jakarta Light Rail Transit (LRT) in July 2022 with 18 stations. As of the 5th of March 2021, the Greater Jakarta LRT construction has progressed by 83.37%, comprising line service I Cawang-Cibubur at 93.67%, line 2 Cawang-Kuningan-D... [read more]

The Indonesian Real Estate Association (REI) reported an increase in sales by one and a half and even double due to the added value tax (PPN) incentive. The government removes the VAT/PPN for landed houses and apartment units as regulated by the Ministry of Finance (PMK) NO. 21/2021. REI also estima... [read more]