PT Island Concepts Indonesia Tbk. (ICON) recorded a 24% decrease in its net profit to Rp64.61 billion in the first semester of 2020 as compared to the same period last year. ICON has adopted a wait-and-see policy to launch new projects. One of the projects to be completed this year includes the Beac... [read more]

Ciputra Group through PT Ciputra Residence continues with the development of Citra Sentul Raya Estate amidst the Covid-19 pandemic and recorded Rp350 billion in sales. The 1,000 hectare project in the southern of Jakarta adopts the concept of an integrated city surrounded by city-scale facilities an... [read more]

PT Bekasi Fajar Industrial Estate Tbk. (Befa) is optimistic to sell approximately 10-15 hectares of industrial land in 2020. Befa projects its performance to be moderate in 2020 and it revises the sales target with the average prices of Rp2.6 million-Rp3.2 million per square meter. In 2019, Befa rec... [read more]

PT Perintis Triniti Property Tbk. (Triniti) will focus on the development of landed houses projects as it remains as a potential market, especially for houses ranging from Rp600 million to Rp1.2 billion in the suburban areas. Triniti has reallocated its fund from the January 2020 Initial Public Offe... [read more]

PT Jasamarga Related Business (JMRB) will expand its property development via its Toll Corridor Development concept. JMRB will develop the TCD concept around the Jakarta Outer Ring Road (JORR) and Jagorawi Toll Road. In its business, JMRB will collaborate with strategic investors and large-scale dev... [read more]