The premium residential The Maple Hills, offered at prices starting from Rp7.5 billion to Rp8.5 billion per unit in Summarecon Bogor, West Java, has sold out all of its 14 house units in less than one hour and recorded Rp103 billion in revenue. Summarecon Bogor is the seventh township of Summarecon... [read more]

The Coordinating Ministry for Economic Affairs has officially announced the continuation of the Government Borne Value Added Tax (PPN DTP) for property ownership until next year. The incentive is included in the economic policies stimulus package provided in line with the Value Added Tax increase to... [read more]

The sales of industrial estates are estimated to positively grow with high level of demand despite the contraction in the national manufacturing. Based on the data from the Ministry of Industry, the total land area of industrial estate reached 94,054 hectares as of November 2024. The occupancy rate... [read more]

The Head of Nusantara Capital City Authority (OIKN) Basuki Hadimujono stated that currently, the ninth groundbreaking is proposed to President Prabowo. The groundbreaking will comprise four private domestic companies and one potential foreign investor from Japan, namely Sojitz. The groundbreaking is... [read more]

The Ministry of Finance (Kemenkeu) reported a deficit of Rp 401.8 trillion in the 2024 State Budget (APBN) as of November 2024. This deficit widened compared to October 2024, when it recorded a deficit of Rp309.2 trillion. [read more]