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]

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]

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]

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 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]