PT Bank Jtrust Indonesia Tbk (J Trust Bank) has signed a cooperation agreement with PT Springhill Mizumi Serpong for house ownership funding in the Springhill Yume Lagoon residential area in Cisauk, Serpong, Tangerang. Springhill Yume Lagoon is a residential project constructed by Hankyu Hanshin Pro... [read more]

The property sector in Indonesia continues to show signs of recovery in line with the positive progress seen in the handling of the pandemic. The residential segment, particularly landed house projects, is expected to become increasingly prospective this year. In light of this, PT BSD Diamond Develo... [read more]

Regional Public Company, Pembangunan Sarana Jaya together with PT Amarta Karya signed an MOU regarding the construction of the Residential Solution (Samawa) program at Halim Sky Residence. This development is a contribution to the Rp 0 Down Payment program launched by the Governor of DKI Jakarta Pro... [read more]

The Ascott Limited (Ascott), the lodging business unit of CapitaLand Investment Limited (CLI) is expanding its portfolio in Indonesia by opening of its third property, Citadines Sudirman Jakarta. Citadines Sudirman Jakarta is built in Jakarta’s golden triangle, surrounded by shopping centers, modern... [read more]

There is a chance that the government may extend luxury tax (PPnBM) for vehicles and value-added tax (VAT) for property. The tax incentive extension is possibly made real if there’s enough budget left for tax subsidies in the fourth quarter. In a recent working meeting between the government and the... [read more]