PT Lippo Karawaci Tbk. (LPKR) is confident that its property sales will grow by 30% this year after the implementation of several incentives from the government, including Tax Added Value incentive (PPN). In the first quarter of 2021, Lippo Karawaci recorded Rp1.31 trillion in marketing sales or inc... [read more]

PT PP Properti Tbk (PPRO) aims for Rp1.3 trillion of marketing sales in 2021 and Rp1.7 trillion in revenue. This year, PPRO has allocated Rp439 billion in capital expenditures for the development of hotels in Lombok, mall constructions and paid-capital of its subsidiaries. Currently, PPRO is focus o... [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 addit... [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 in... [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... [read more]