NEWS

The Residential Property Price Survey (SHPR) in the first quarter of 2024 was recorded at 1,89% (yoy), followed by 31.6% (yoy) increase in residential property sales. These growth driven PT Summarecon Agung Tbk to inaugurate four projects in a single day, comprising the groundbreaking of Summarecon... [read more]

The Central Bank of Indonesia (BI) recorded that the growth of property loans increased in April 2024 by 7,8% (yoy) from 7.7% (yoy) in the previous month. The value of the property credit disbursed in April 2024 was recorded at Rp1,351 trillion. Based on contribution, the loan was dominated by loan... [read more]

The National Strategic Project (PSN) Yogyakarta-Bawen Toll Road with the total length of 75,12 km comprising six sections continues. The construction progress of Section 1 Sleman-Banyurejo has reached 72,88% and Section 6 Ambarawa-Bawen has reached 14,66%. Both of these sections are aimed to be comp... [read more]

The Ministry of Finance reported that the State Budget (APBN) maintained a surplus through April 2024 at Rp75,7 trillion. The state revenue realization reached Rp924,9 trillion or equal to 33% of the targeted APBN. This revenue realization is lower than last year. However, the realized spending was... [read more]

President Joko Widodo (Jokowi) is scheduled to inaugurate the National Strategic Project (PSN) Batang Integrated Industrial Area (KITB) or Grand Batang City, in June 2024 and is aimed to operate in July 2024. The Grand Batang City is a project which utilizes the government’s land area with infrastru... [read more]