This year, PT Intiland Development Tbk. (Intiland) will focus on marketing its office spaces in Surabaya, East Java. It is targeting end-users as the market demand has shown a positive trend in early 2021. Currently, Intiland’s portfolio includes Intiland Tower and Praxis in the city center and Spaz... [read more]

The government through the Ministry of Agriculture and Spatial Planning or National Land Agency (ATR/BPN) officially ratify the use of electronic land registration certificate as contained in the ATR/Head of BPN Ministry Regulation Number 1 Year 2021 regarding Electronic Certificate. The electronic... [read more]

The government extended the tax incentives for Covid-19 relief to 30th of June 2021. As contained in the Ministry of Finance Regulation Number 9/PMK.03/2021, effective from 1 February 2021, the PMK-86/PMK.03/2020 jo PMK-110/PMK.03/2020 regulates the incentive provision until 31 December 2020. Inform... [read more]

The Central Bank of Indonesia (BI) estimated that the foreign capital inflows to portfolio instruments in 2021 will reach US$19.4 billion in line with the implementation of Job Creation Law Number 11 Year 2020 Regulation. Higher foreign capital inflows will help the government and Central Bank to st... [read more]

PT Summarecon Agung Tbk. (SMRA) allocated Rp500 billion for the capital expenditure in 2021 to fund its land acquisition and investment property developments. SMRA is also optimistic that the property market in 2021 will increase its marketing sales by 6% from the realized Rp3.3 trillion in 2020 wit... [read more]