NEWS

The Ministry of Housing and Settlement (PKP) Muarar Sirait (Ara) stated that the subsidized mortgage scheme (KPR) with 40 years tenor has been approved and implemented as decided in the Limited Meeting of Public House Funding Agency Committee (Tapera). In addition to longer mortgage tenor, the inter... [read more]

The Bank of Indonesia recorded the property loan grew by 7,2% yoy to Rp,1,690.8 trillion as of May 2026, slowing from 17.5% yoy in the previously month. Based on segmentation, the real estate segment recorded 14.5% yoy growth to Rp272.5 trillion from 13.9% yoy. Meanwhile, home and apartment loan seg... [read more]

Paramount Gading Serpong launched two commercial products on Monday (22nd June), namely Victoria Business Loft and Oxford Square-YOSECA Loft, located within the Victoria Central District (VCD) business district. For the first launch, the company aimed to achieve Rp200 billion in real marketing sales... [read more]

PT MRT Jakarta stated that the ongoing feasibility study of the MRT extension project which spans from Lebak Bulus to Serpong, South Tangerang, is aimed to be completed by the end of 2026. Before starting the construction phase, the project must undergo further studies, including cross-institutional... [read more]

The Government of DKI Jakarta Province continues the construction of LRT Jakarta Velodrome to Manggarai route. The project with Rp12.5 trillion investment is planned to be officiated next August. Previously, PT Waskita Karya (Persero) Tbk and PT Jakarta Propertindo (Perseroda) have started the LRT J... [read more]