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]

As of March 2021, PT Perintis Triniti Properti Tbk. recorded Rp193.7 billion in sales, increasing by 107.6% from the previous Rp93.3 billion. The increase signals a recovery in the economy, property sector and consumers’ confidence albeit not 100% prior to the pandemic. It can be seen from the Consu... [read more]

The Coordinating Board of Investment (BKPM) data shows that the realized investment in property sector, which comprises residential, industrial estate and office spaces has reached Rp22.145 trillion in the first quarter of 2021. The Indonesia Real Estate Association (REI) believes that the realized... [read more]

PT Adhi Commuter Properti (ACP) stated that the LRT City Tebet apartment project named The Premier MTH has been 70% sold since October 2020. The investment value of Rp780 billion project is in South Jakarta and residing on a land area of 7,395 square meters. It comprises a 14-story apartment with th... [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]