PP Properti and Grahabuana Cikarang (a subsidiary of PT Kawasan Industri Jababeka Tbk.) has started the launch of “Little Tokyo Jababeka” Apartment Kick Off 2021. To develop the total of six towers, they have allocated Rp2.7 trillion with Rp265 billion allocated for the construction of the first tow... [read more]

The Central Bank of Indonesia (BI) recorded growth in the performance of the processing industry. The growth was shown in the Prompt Manufacturing Index Bank Indonesia (PMI-BI) at 50.01% during the period of January-March 2021. This index grew from 47.29% in the fourth quarter of 2020. [read more]

PT Pakuwon Jati Tbk. (PWON) recorded Rp427 billion marketing sales from its property units in the first quarter of 2021. This amount was 17% higher than its achievement in the same period last year. This achievement is also equal to 30.5% of its target for 2021 of the total marketing sales of Rp1.4... [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]

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]