In June 2021, Lippo Karawaci officially launched its middle-segment project aimed at millennials, named Cendana Series, with unit prices starting from Rp650 million. The project is designed by the collaboration between Alex Bayu and Karl Princic that combines the concept of nature and the urban life... [read more]

Since the implementation of Value Added Tax (PPN) Incentives, property sales were recorded with 10% to 20% growth in the March-May 2021 period. The increase was recorded for ready stock units, but not for pre-sale houses which recorded 4.9% sales decline. According to Real Estate Indonesia (REI), du... [read more]

The marketing sales of Ciputra International increased almost double in the second quarter of 2021 due to the Value Added Tax (VAT) incentive of 100% for ready stock properties priced at a maximum of Rp2 billion per unit which has been positively responded by consumers and property investors. Most o... [read more]

By the end of the first quarter of 2021, PT Pakuwon Jati Tbk (PWON) recorded its marketing sales at Rp 427 billion or accounting for 30.5% of its marketing sales target for 2021 of Rp 1.4 trillion. Based on its 31 March 2021 financial report, PQON recorded Rp 1.11 trillion in revenue or declining by... [read more]

PT Summarecon Agung Tbk, launches its latest commercial project with the groundbreaking of Summarecon Villagio Jakarta Luxury Outlet (SVJLO) in the Summarecon Emerald Karawang area. SVJLO is planned to be opened in 2022 as a fashion destination, comprising various international and local brands by a... [read more]