The homegrown hotel aggregator start-up named Airy will cease operations by the end of May as the Covid-19 pandemic hits the hospitality business. The hospitality and travel sectors have been the hardest hit by the pandemic, forcing more than 700 hotels in Indonesia to close as physical distancing a... [read more]

Due to the Covid-19 pandemic, PT Adhi Commuter Properti (ACP) recorded approximately Rp100 billion in marketing sales in the first quarter of 2020 from its vertical housing projects and thus dominated by the sales of its apartment units. The largest contributors were Cisauk Point – member of LRC Cit... [read more]

PT Pakuwon Jati Tbk (PWON) achieved an increase in its revenue growth during 2019 of 13.13% from Rp2.8 trillion in the previous year to Rp3.23 trillion. The growth came from Rp7.2 trillion for the net revenue, slightly higher than in 2018 when it was recorded atRp7.08 trillion. The company’s recurri... [read more]

PT Perdana Gapuraprima Tbk (Gapuraprima) will focus on developing several residential projects in several locations as planned. The projects including Bukit Cimanggu City on 15 hectares of land area with 400 units in the Savannah Cluster, Metro Cilegon on 120 hectares of land area with several small... [read more]

The Coordinating Investment Board (BKPM) reports that the foreign investment in the first quarter of 2020, the residential, industrial estate and office sector was realized with 490 projects worth US$602.9 million or equal to Rp9 trillion at Rp14,948 rate. While domestic investment realization in th... [read more]