PT Mitra Sindo Sukses, a subsidary of PT Modernland Realty Tbk., accelerates the construction and sale of Cleon Park Apartment, its first apartment project in Jakarta Garden City, East Jakarta. The construction of Cleon Park Apartment was started on 23rd September 2020 and it is planned to be handed... [read more]

Tanrise Property is developing a digital-based warehouse project named Tritanhub on a total land area of 1.8 hectares in Sidoarjo, East Java to meet the growing demand of digital business despite the on-going Covid-19 pandemic. The 146-capacity warehouse has the project value of Rp125 billion and it... [read more]

Sinarmas Land Limited has acquired three property entities based in Indonesia with the total value of Rp347.77 billion. The three entities comprising PT Bumindo Repenas Jayautama (BRJ), PT Cibubur Permai Lestari (CPL) and PT Gunung Indah Permai Lestari (GIPL). By the end of September 2020, the net a... [read more]

PT Summarecon Agung Tbk. (SMRA) plans to obtain an additional funding from the rights issue. SMRA is preparing for the maximum of 3.6 billion shares or equivalent to 25% of its paid capital to strengthen its capital structure. SMRA has allocated Rp500 billion and it is expecting to obtain approximat... [read more]

The Coordinating Board of Investment (BKPM) will implement the risk based Online Single Submission (OSS) the standard for business permits on 2 June 2021. In the Government Regulation Number 5 year 2021 regarding Risk Based Business Permit Application, the OSS system is divided into three subsystems... [read more]