PT Summarecon Agung Tbk launches its ninth large-scale township housing project, Summarecon Tangerang, in Tangerang Regency, Banten. A total of Rp 200 billion will be invested for the first phase of the development, excluding the total of Rp 1.5 trillion investment allocated for land acquisition. In... [read more]

President Prabowo Subianto prepares a number of stimulus for the property sector, comprising the exemption of 11% Value Added Tax (PPN), 5% Land and Building Right Transfer Duty (BPHTB), and the program of 3 million livable houses. The government plans to implement the 16% exemption of PPN and BPHTB... [read more]

PT Bumi Serpong Damai Tbk (BSDE) achieves 72% of its marketing sales target for 2024 in a nine months period, reaching the total of Rp 6,84 trillion or growing by 1% from its achievement in the same period last year of Rp 6,75 trillion. The largest contribution came from the residential segment, rea... [read more]

PT Jasa Marga (Persero) Tbk. (JSMR) reported that the construction progress of the Probolinggo–Banyuwangi Toll Road phase 1 from Probolinggo to Besuki, has reached 55.27%. The first phase of construction comprises three construction work packages, namely Package 1 (Gending-Kraksaan), Package 2 (Krak... [read more]

The International Monetary Fund (IMF) projects Indonesia’s economy will stagnate at the 5.1% level from 2025 until 2029 and the growth in 2024 to reach the 5% range. IMF also projects that the global inflation may reach 3.5% by the end of 2025 with the economic growth stable at 3.2% level in 2024 an... [read more]