The Ministry of Finance Sri Mulyani Indrawati estimated that the growth in the second quarter of 2021 will range between 7.1% and 7.5% yoy. This estimation was corrected from the previous estimation of 7.1% to 8.3% yoy range. The Minister predicted that the economic correction may be realized in the... [read more]

The Central Bureau of Statistics (BPS) recorded June 2021 inflation at 0.14%, lower than in May 2021 of 0.24%, but it remained higher than in June 2020. Annually, BPS recorded the core inflation in June 2021 at 1.49% (yoy), higher than in the previous month. [read more]

Mitsubishi Corporation and Sinar Mas Land through PT BSD Diamond Development, launched Daikanyama, a multi-function commercial property in the exclusive residential The Zora, BSD City. The project adopts the concept of a commercial business living for four-story house units with exclusive entrance a... [read more]

PT Lippo Karawaci Tbk. (LPKR) and Cove have collaborated to launch the “Cove Hillcrest”, a residential which adopts the concept of a co-living for students in Lippo Karawaci, Tangerang, close to the Pelita Harapan University (UPH) and Siloam Karawaci Hospital. The two-story building comprises 138 ro... [read more]

Property developers recorded a strong recovery in marketing sales since the government implemented the tax incentives last March. PT Ciputra Development Tbk. (CTRA) recorded its marketing sales at Rp2.8 trillion by the end of May 2021 or increasing by 89% from May 2020 (yoy). PT Lippo Karawaci Tbk.... [read more]