Sinar Mas Land is committed to conduct the handover of its properties on time, specifically for the already sold out projects including O2, O2+, Monte Torena, Torena+, Westfield Shophouse and Grand Business Park Compact Office Building and Garden Hous. Since the end of 2020, the construction of several projects have been started to achieve the targeted completion schedule. [read more]

PT Puradelta Lestari Tbk. (DMAS) recorded its net profit in the first quarter of 2021 at Rp271 billion or increased by 407.3% from Rp53 billion in the same period last year. This profit margin was 50.7% higher than in the same period in 2020 of 49.6%. Meanwhile, its business revenue was recorded at Rp534 billion in the first quarter of 2021 or 395.7% increased from Rp108 billion in the same period last year. [read more]

The Ministry of Public Works and Housing (PUPR) is aiming to construct the total length toll road of 427 kilometers this year. As of April 2021, the completed toll road construction has reached 2,391 kilometers, comprising 62 lanes and they will be managed by the Toll Road Business Agency. The additional of 19 lanes with the total length of 427 kilometers will be expected to complete in 2021. [read more]

The Coordinating Board of Investment (BKPM) recorded the investment in the first quarter of 2021 with growth of Rp219.7 trillion or 2.3% higher quarter to quarter (qtq) and 4.3% year on year (yoy) with 311,793 workers employed. Meanwhile, the foreign investment was recorded at Rp111.7 trillion or increasing by 0.6% qtq and 14% yoy. [read more]

The Indonesia Real Estate Association (REI) projects the middle and higher segment property developers will start to recover this year. However, the lower to middle segment developers may remain under pressure. REI appreciates the Tax Added Value (PPN) incentives from the government, which will end in August, and it is hoping for it to be extended. REI also expects for additional incentives for low-income households,... [read more]