PT Bakrieland Development Tbk (Bakrieland) through PT Mutiara Masyhur Sejahtera (MMS) has acquired PT Graha Istana Nirwana (GIN), the owner of Aston Sidoarjo City Hotel & Conference Center (Aston Sidoarjo), through a debt-to-equity conversion. The amount of debt converted reaches Rp93.6 billion. Wit... [read more]

PT Putragaya Wahana is optimist that the occupancy rate in the shopping and office center Thamrin Nine Complex will increase and reach 100% in 2025. The multifunction development complex becomes the residential of the tallest building in Indonesia, namely the Autograph Tower which stands the total h... [read more]

The Coordinating Minister for Economic Affairs, Airlangga Hartarto, stated that the Minister of Finance Regulation (PMK) governing luxury goods and services subject to the 12% Value Added Tax (PPN) will be issued before January 2025. In this regulation the government will regulate the category for l... [read more]

PT Karawang Citra Pertiwi (Arrayan Group) has launched the second phase of Tivoli Garden Cluster, comprising 418 units, in Karawang, West Java. The cluster is located within Socia Garden integrated residential area, which resides on a total land area of 17 hectares. This phase offers only one type o... [read more]

PT MNC Land Tbk. (KPIG) and Bumi Indah Prima (BIP) have reached an agreement to conduct the transaction of land asset owned by MNC Bali Resort in Tanah Lot, Bali with the value of approximately Rp5.5 trillion. This transaction is to be concluded in January 2025 and the land to be developed into a Tr... [read more]