Podomoro City Deli Medan, a prestigious integrated development with the concept of “one stop living, working and shopping” prepares a modern design and high technology for its Grade A Premium Office Tower development. The office tower has 32 stories with high-speed elevators divided into low zone an... [read more]

President Joko Widodo (Jokowi) has issued the Government Regulation (PP) Number 16 Year 2021 regarding the Implementation Regulation of Law Number 28 Year 2002 on Building Construction. This regulation is the follow up on the Article 24 and Article 185 letter b Law Number 11 Year 2020 on the Work Cr... [read more]

The Ministry of Finance Sri Mulyani Indrawati stated that January 2021 realized state expenditure was at Rp145.8 trillion or 5.3% from the target in 2021 State Budget driven by capital expenditure, social aid and national economic recovery program (PEN). The realized central government expenditure p... [read more]

The Central Bank of Indonesia (BI) has relaxed the Loan to Value (LTV) and Financing to Value (FTV) for property mortgage loans to the maximum of 100%, effective from March to December 2021. It allows consumers to apply mortgages for houses (KPR) and apartment (KPA) with a down payment of 0%. This r... [read more]

Tanrise Property has appointed PT Wijaya Karya Bangunan Gedung Tbk. (Wika Gedung) to be the primary contractor for Kyo Society, a Japanese themed apartment project located at Jl. Raya Panjang Jiwo Permai. Previously, the foundation construction was completed in the end of January 2021 by PT Indonesi... [read more]