Currently, the progress of the Jakarta-Bandung High Speed Train (KCJB) has reached 54% after temporarily delayed due to Covid-19 pandemic. PT Kereta Cepat Indonesia – China (KCIC) aims to complete the KCJB project in 2022 to avoid rising investment costs. [read more]

PT Jakarta Industrial Estate Pulogadung (JIEP), East Jakarta plans to develop the Pulogadung Industrial Estate in to seven business zones comprising media, green, cultural, digital (business), halal, logistics and social. Previously, the 500 hectares of land area was planned to be an ordinary indust... [read more]

PT Adhi Commuter Properti is optimistic to reach its Rp150 billion target for the second quarter of 2020 from its annual target of Rp1.2 trillion after the Central Bank of Indonesia cut the BI Rate to 4.50% in March 2020. In addition to the sales of its Transit Oriented Development/TOD LRT City in t... [read more]

In the first semester of 2020, PT PP Properti Tbk (PPRO) has achieved 15.25% of its marketing sales target for this year. For 2020, the subsidiary of PT PP (Persero) Tbk. aims to achieve Rp2.4 trillion and in the first six month of 2020 achieved Rp366 billion in marketing sales with the biggest cont... [read more]

The Indonesia government promised a business friendly regulation for the property sector after the implementation of Cipta Kerja Law in September which will apply regulation efficiency, including the spatial regulation, land bank provisions, right to use (HPL), above/below ground spaces and land own... [read more]