The apartment project owned by HKR (owner), HK Building Division as the contractor and PT Hakaston (HKA) as the concrete supplier, namely H Residence Sentul, has sold 254 units worth of Rp88.6 billion as of 24th of March. The unit prices of H Residence Sentul start from Rp300 million to Rp700 millio... [read more]

Commission II of the People's Representative Council of Indonesia and the Ministry of Land and the National land Agency (ATR/BPN) have agreed to delay the implementation of electronic land certificates as it will be further evaluated. [read more]

The Ministry of Finance Sri Mulyani Indrawati projects that national economy in the first quarter of 2021 will range between minus 1% and 0.1% (yoy). Despite the annual contraction, this projection indicates a recovery from minus 2.19% yoy in the fourth quarter of 2020. [read more]

PT Perdana Gapuraprima Tbk. (GPRA) is confident that the business in 2021 will recover as the Covid-19 vaccination has started in line with the government’s policy to support the business performance in the property sector. GPRA allocates Rp200 billion in capital expenditure for its 2021 plan to foc... [read more]

Central Bank of Indonesia has decided to maintain the key interest rate at 3.5%, the lowest since the Seven-Day Reverse Repo Rate (7DRRR) was introduced in 2016, to protect the Rupiah exchange rate amid market uncertainty. BI also kept the deposit facility rate at 2.75% and the lending facility rate... [read more]