PT Pakuwon Jati Tbk. (PWON) is optimistic that the property business will recover in 2021 by concentrating on its mixed-use projects. PWON has allocated approximately Rp800 billion to Rp1 trillion of capex for 2021 for the development of a condominium project in Bekasi, a four-star hotel and a five-... [read more]

The Central Bank of Indonesia (BI) recorded improving retail sales in November 2020 as shown by the November 2020 Real Sales Index (IPR) with -0.4% growth monthly (mtm). This contraction was also lower from the contraction in October 2020 of -5.3% mtm. Annually, the retail sales performance in Novem... [read more]

PT Sinar Gading Group has offered the priority pass (NUP) for Go Home Residence units, a tropical & modern Japanese style residential in Cisauk, Serpong, Tangerang from 1 December. The units are offered starting from Rp600 million for Niji (rainbow) type and Akarui (bright light) type. [read more]

Tanrise Property allocates approximately Rp400-Rp500 billion capital expenditure for three new projects in 2021 while also completing its two existing apartment projects namely Kyo Society Apartment in East Surabaya and ARC100 Premium Apartment in the hearth of Surabaya. The new projects comprise a... [read more]

Indonesia’s economy in the fourth quarter improved after in the second quarter contracted by 5.32% and in the third quarter improved with less contraction at -3.49% due to the National Economic Recovery (PEN) program from the government of Rp695.2 trillion budget. The government will continue the PE... [read more]