NEWS

PT SMPlus Cakrawala Cipta Gemilang (SMCCG), a unit of PT Dian Swastatika Sentosa Tbk (DSSA), is buying Rp3.1 trillion of land in BSD City from PT Surya Inter Wisesa (SIW), a subsidiary of PT Bumi Serpong Damai Tbk (BSDE), under a sale and purchase agreement signed on 26 October 2026. The roughly 166... [read more]

Bank Indonesia recorded property credit in September 2026 growing 16.4% year-on-year to Rp1,703.7 trillion, slowing from 18.3% in August, mainly due to slower construction and real estate lending. Construction credit grew 42.3% to Rp557.2 trillion (August: 49.5%), while real estate credit rose 15.5%... [read more]

Paramount Land is continuing development of Paramount Petals, a 400-hectare self-contained city in Tangerang, with the main catalyst being the modified KM 25 exit on the Jakarta-Tangerang toll road, now in final operational testing and targeted to open in the second half of 2026. Paramount Gading Se... [read more]

Bank Indonesia extended the loan-to-value/financing-to-value (LTV/FTV) ratio of up to 100% for credit on landed houses, apartments, and shophouses for banks meeting certain NPL criteria, with the policy originally due to end on 31 December 2026 now running until 31 December 2027. Through September 2... [read more]

PT Jaya Sukses Makmur Sentosa Tbk (RISE), the property developer owned by Hermanto Tanoko, booked Rp147 billion in profit attributable to owners of the parent for the first nine months of 2026, up 183% year on year. Revenue rose 24% to Rp364.5 billion, with the Industrial & Logistics segment the lar... [read more]