PT Perdana Gapuraprima Tbk (Gapuraprima) postponed the plan to develop The Crown Apartment project in West Jakarta due to Covid-19. Previously, Gapuraprima planned to develop the apartment project through its subsidiary, PT Mandiri Bangun Konstruksi on 2.2 hectares of land area with mixed- use conce... [read more]

In the first quarter of 2020, PT Summarecon Agung Tbk (SMRA) recorded its revenue at Rp1.04 trillion or declined by 1.89% from Rp1.06 trillion in the same period last year. Its marketing sales by the end of May 2020 was recorded at Rp1 trillion or 22.22% from the initial target of Rp4.5 trillion and... [read more]

PT Puradelta Lestari Tbk. (DMAS) achieved a revenue target of Rp107.63 billion with a net profit reaching Rp53.36 billion in the first quarter of 2020 or increasing by 552.32% from Rp8.18 billion in the same period last year. This growth was recorded by the increase revenue of 1,592%. In the first q... [read more]

The Indonesia Real Estate Association (REI) requests for a fast response from banks after the Central Bank of Indonesia cut the 7-Days Reverse Repo Rate (BI7DRRR) by 25 basis points to 4.25%. The rate cut was expected to support economic growth and stimulate the business world, including the propert... [read more]

The construction of the Phase 3 Jakarta Mass Rapid Transit (MRT) project with a route of Ujung Menteng-Kalideres is targeted to start in 2021. Currently, the funding is being discussed by the DKI Jakarta Provincial Owned Enterprises and the National Development Planning and the Ministry of Transport... [read more]