PT Pantai Indah Kapuk Dua Tbk. (PANI), the developer of Pantai Indah Kapuk 2 (PIK), North Jakarta achieved Rp1.5 trillion in marketing sales in the first quarter of 2024 or equal to 27% of the total targeted marketing sales for2024 of Rp5.5 trillion. The increase was mainly driven by the PANI’s acqu... [read more]

The Bank of Indonesia (BI) raised its key interest rate, BI Rate by 25 basis points (bps) to 6.25% in April 2024. This is the first increase by the central bank since October 2023. The deposit facility and lending facility were also increased by 25 bps to 5.5% and 7%, respectively.  [read more]

As of the first quarter of 2024, PT Metropolitan Land Tbk (MTLA) achieved Rp438 billion in marketing sales or 23% of the total target for this year of Rp1.9 trillion. Its new profit was also recorded at Rp417,6 billion or 5.64% higher from Rp395.3 billion achieved last year. This increase was suppor... [read more]

The Nusantara Capital City Authority (OIKN) revealed that the KIPP IKN-Sepinggan Balikpapan Airport Railway is estimated to start operation in 2029. Currently, the project is undergoing the feasibility study by the Ministry of Transportation. The project is planned to cut the travel time to approxim... [read more]

OXO Group Indonesia to collaborate with Alexis Dornier in launching OXO The Residence, in Nyanyi area, Bali with the investment value of Rp500 billion. The residential project adopts the international standard and is aimed at 80% of domestic buyers and 20% of foreign buyers. The project offers 40 vi... [read more]