The Indonesia Toll Road Management Agency (BPJT) stated that the construction of Jakarta Outer Ring Road (JORR) II will be completed by the end of this year. Currently, the land acquisition for JORR II has progressed by 60%. The construction of three toll lanes includes the Cimanggis-Cibitung Sectio... [read more]

The Jakarta-Cikampek elevated toll road II is officially renamed to MBZ Sheikh Mohamed Bin Zayed elevated toll road on 12 April 2021. Sheikh Mohamed Bin Zayed is the crown prince of Abu Dhabi and the Deputy Supreme Commander of the United Arab Emirates (UAE) Armed Forces. The renaming is to strength... [read more]

Sinarmas Land Limited (SML) through its subsidiary PT Bumi Serpong Damai Tbk. is jointly working with Mitbana, a consortium of Mitsubishi Corporation and Surbana Jurong, to develop a transit-oriented development project with the investment of Rp2 trillion. The project located in the BSD City will st... [read more]

PT Puradelta Lestari Tbk. (DMAS) recorded Rp288 billion property unit sales in the first quarter of 2021. This amount is equal to 11.4% of its marketing sales target for 2021 of Rp2 trillion. This achievement came from the sales of industrial estate of 10.4 hectares whose demand was dominated by the... [read more]

PT Lippo Karawaci Tbk. (LPKR) achieved Rp1.31 trillion in marketing sales in the first quarter of 2021 or grew by 86% from Rp703 billion in the same period last year. LPKR estimates its sales in the second quarter of 2021 to increase after the release of its new projects including Cendana Clusters i... [read more]