The Central Bureau of Statistics (BPS) recorded June 2021 inflation at 0.14%, lower than in May 2021 of 0.24%, but it remained higher than in June 2020. Annually, BPS recorded the core inflation in June 2021 at 1.49% (yoy), higher than in the previous month. [read more]

Mitsubishi Corporation and Sinar Mas Land through PT BSD Diamond Development, launched Daikanyama, a multi-function commercial property in the exclusive residential The Zora, BSD City. The project adopts the concept of a commercial business living for four-story house units with exclusive entrance a... [read more]

PT Lippo Karawaci Tbk. (LPKR) and Cove have collaborated to launch the “Cove Hillcrest”, a residential which adopts the concept of a co-living for students in Lippo Karawaci, Tangerang, close to the Pelita Harapan University (UPH) and Siloam Karawaci Hospital. The two-story building comprises 138 ro... [read more]

Property developers recorded a strong recovery in marketing sales since the government implemented the tax incentives last March. PT Ciputra Development Tbk. (CTRA) recorded its marketing sales at Rp2.8 trillion by the end of May 2021 or increasing by 89% from May 2020 (yoy). PT Lippo Karawaci Tbk.... [read more]

The construction of Probolinggo-Banyuwangi (Probowangi) Toll Road with the total length of 172 kilometers will be completed in stages as its low traffic may burden the developers and to assure the return of investment. Another challenge also comes from the financial burden to have a required specifi... [read more]