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]

PT Jasa Marga (Persero) Tbk. (JSMR) reported that the construction progress of the Probolinggo–Banyuwangi Toll Road phase 1 from Probolinggo to Besuki, has reached 55.27%. The first phase of construction comprises three construction work packages, namely Package 1 (Gending-Kraksaan), Package 2 (Krak... [read more]

Bank Indonesia (BI) will extend the incentives of 0% down payment for house (KPR) and automotive loans (KKB) until 31st December 2025. The incentive extension is completed by continuing the policy of Loan to Value/Financing to Value (LTV/FTV) for property loan at the maximum of 100% and the lowest d... [read more]