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]

PT Puradelta Lestari Tbk (DMAS) secured Rp 905 billion in marketing sales in the first semester of 2021 or equal to 45.2% of its marketing sales target for 2021 of Rp 2 trillion. Most of the marketing sales were contributed by industrial land plots sales of 43.3 hectares. To achieve its target for 2... [read more]

Crown Group will expand its business in several cities, including Sydney while also observing investment potentials in Melbourne, Brisbane and Indonesia. While focusing in Australia, Crown is also interested to expand to Indonesia as it is one of the top five largest countries in GDP based on the Wo... [read more]

PT Bekasi Fajar Industrial Estate Tbk. (BEST) and PT AKR Corporindo Tbk. (AKRA) will focus on their industrial estate businesses. BEST has allocated Rp300 billion to Rp350 billion for a land acquisition and infrastructure developments in its industrial estates in 2021. As of May 2021, Rp55 billion o... [read more]

The Association of Indonesian Real Estate Companies has targeted for Rp50 trillion in non-subsidized housing sales in line with the extension of Tax Added Value incentives for properties until the end of 2021. During the first quarter of 2021, property sales were recorded with a 10% to 20% increase... [read more]