The International Monetary Fund (IMF) projects Indonesia’s economy will stagnate at the 5.1% level from 2025 until 2029 and the growth in 2024 to reach the 5% range. IMF also projects that the global inflation may reach 3.5% by the end of 2025 with the economic growth stable at 3.2% level in 2024 an... [read more]

PT Waskita Karya (Persero) Tbk aims to complete the construction of Phase 1B Velodrome-Manggarai of LRT Jakarta project which spans the total length of 6.4 km to be completed in 2026 and to start its operational in 2027. Currently the construction progress of Phase 1B has reached the concrete castin... [read more]

Data from the Bank of Indonesia shows that the property loan only grew by 7.6% annually (yoy) to Rp 1,403.6 trillion, slowing from the previous month when the growth was recorded at 8% yoy. In September 2024, the highest growing property loan was recorded by house and apartment loan which reached 10... [read more]

PT Hutama Karya Infrastruktur (HKI) continues the construction of Trans Sumatra Toll Road (JTTS), including the Rengat-Pekanbaru Lane section Pekanbaru Ring Road which spans a total length of 3057 km. The project was started in June 2023 with the target to be completed in 2026. As of September 2024,... [read more]

PT Cemerlang Indo Properti (CIP), a subsidiary of PT Pakuwon Jati Tbk., officially announced its strategic partnership with Ascott Limited, the hospitality business unit of Singapore’s CapitaLand Investment (CLI), to develop Ascott Batam. The project contained in a mixed use development is claimed t... [read more]