PT Summarecon Agung Tbk launches its ninth large-scale township housing project, Summarecon Tangerang, in Tangerang Regency, Banten. A total of Rp 200 billion will be invested for the first phase of the development, excluding the total of Rp 1.5 trillion investment allocated for land acquisition. In... [read more]

PT Pakuwon Jati (PWON) recorded a net profit of Rp 1.96 trillion in the first nine months of 2024, increasing by 14.7% from the same period in 2023 of Rp 1.71 trillion. The net profit came from the net profit of Rp 4.79 trillion which is increasing by 4.7% from the same period last period of Rp 4.57... [read more]

The Ministry of Public Works (PU) will auction the construction of the Gedebage-Tasikmalaya-Cilacap Toll Road (Getaci Toll) in phases in early 2025. Currently, the first phase of the toll lane auction is the Gedebage-Tasikmalaya lane. The Getaci Toll Road comprises four sections, namely Section 1 Ju... [read more]

PT Bumi Serpong Damai Tbk (BSDE) achieves 72% of its marketing sales target for 2024 in a nine months period, reaching the total of Rp 6,84 trillion or growing by 1% from its achievement in the same period last year of Rp 6,75 trillion. The largest contribution came from the residential segment, rea... [read more]

President Prabowo Subianto prepares a number of stimulus for the property sector, comprising the exemption of 11% Value Added Tax (PPN), 5% Land and Building Right Transfer Duty (BPHTB), and the program of 3 million livable houses. The government plans to implement the 16% exemption of PPN and BPHTB... [read more]