The Indonesia Real Estate Association (REI) requests for a fast response from banks after the Central Bank of Indonesia cut the 7-Days Reverse Repo Rate (BI7DRRR) by 25 basis points to 4.25%. The rate cut was expected to support economic growth and stimulate the business world, including the propert... [read more]

PT Puradelta Lestari Tbk. (DMAS) achieved a revenue target of Rp107.63 billion with a net profit reaching Rp53.36 billion in the first quarter of 2020 or increasing by 552.32% from Rp8.18 billion in the same period last year. This growth was recorded by the increase revenue of 1,592%. In the first q... [read more]

Despite the physical distancing (PSBB) has been eased out, the demand on industrial estates is estimated to be limited during the new normal due to limited activities. The demand is subject to Indonesia’s economic condition in the third and fourth quarter. According to the Indonesia Industrial Estat... [read more]

The Ministry of Public Works and Housing (PUPR) will inaugurate 15 new toll roads in 2020 with the total length of 297 kilometers. There are five toll roads to be inaugurated in June-July, including Banda Aceh Section 4 Indrapuri-Blang Bintang, Pekanbaru-Kandis-Dumai Section 1-6, Depok-Antasari Sect... [read more]

PT Citra Waspphutowa, the subsidiary of PT Citra Marga Nusaphala Persada Tbk., states that Section 2 Brigif-Sawangan lane of Depok-Antasari Toll Road is under feasibility study and will soon be operational. Previously, the 6.30 kilometers lane was planned to be operational in July 2019.  [read more]