Pressures to the economy have been escalating in the last month. As a result, it has prompted the economists to forecast that the Central Bank of Indonesia will keep the 7 Day Reverse Repo Rate at 3.5% in the coming Board of Governor Meeting. [read more]

Lavon Swancity doubled its marketing sales from the Aku Mampu program of a 100% VAT relaxation. In the first quarter of 2021, Swancity achieved Rp 500 billion in marketing sales from the sales of up to 60 units per week after the incentive tax program in effect as compared to 10-20 units per week pr... [read more]

PT Intiland Development Tbk (DILD) is focusing on landed houses projects aimed at the millennials at unit prices starting from Rp 700 billion to Rp 1 billion. Since the last year, DILD has recorded that the middle segmented residential market has been recovering. The recovery was shown in its market... [read more]

KJRI Shanghai joins the groundbreaking ceremony of Emerald City Suzhou (ECS) Phase III integrated project. ECS is one of the outbound investments of Indonesia’s property companies in Shanghai through Huibao Group, a partnership between Summarecon and Mayora. The development of ECS Phase I and Phase... [read more]

PT Sanurhasta Mitra Tbk (MINA) will continue its expansion despite the market uncertainty due to the on-going Covid-19 pandemic. Currently, MINA has four hectares of land banks in Sanur, Bali and it is planned to develop a beach club. MINA also plans to develop the Griya Sanur Palem project on a tot... [read more]