PT Summarecon Agung Tbk reported that the take up of its apartment product is declining due to over-supply and buyers prefer to purchase landed houses. However, SMRA Apartment in Summarecon Bekasi experiences a price growth from Rp200 million per unit when it was first launched to become Rp400 milli... [read more]

PT Bumi Serpong Damai Tbk aims for 11% growth in marketing sales to Rp7.2 trillion this year. Residential segment is expected to be the main contributor at 58% of the total or Rp4.2 trillion. While commercial is expected to reach 28% and the remaining from joint venture with its strategic partners.... [read more]

PT Surya Semesta Internusa Tbk (SSIA) to launch Subang Industrial Estate in July 2020. The land area developed reaches 250 hectares with 70% of the total to be developed as an industrial estate and the remaining for workers’ compounds. This year, SSIA aims to sell 20 hectares land area of 12.35% hig... [read more]

PT Intiland Development Tbk (Intiland) has started the handover of Graha Golf Condominium units of 95% from the total of 182 units in phases after the construction completion in Graha Family Residential rea in West Surabaya. This project resides on 28 hectares of land area and comprises of four towe... [read more]

Synthesis Development is optimistic with the property market outlook this year due to, among others, the relaxation of Loan to Value (LTV) regulation at 5% and the luxury tax (PPnBM) for housing units below Rp30 billion. The sales performance of Synthesis Residence Apartment Kemang-three towers has... [read more]