PT Bumi Serpong Damai Tbk (BSDE) recorded Rp1.79 trillion of marketing sales in the first quarter of 2020. This achievement is equal to 25% of the targeted Rp7.2 trillion and 9.8% higher than the achievement in the first quarter of 2019 of Rp1.63 trillion. This achievement was contributed by several... [read more]

PT Ciputra Residence, a subsidiary of PT Ciputra Development Tbk (CTRA), estimates that its revenue in the first quarter of 2020 will drop by 25% due to Covid-19 and the physical distancing policy which resulted in the delay of its residential property product launch. Ciputra Residence’s main sales... [read more]

Based on the reports from Indonesian Hotel and Restaurant Association (PHRI), hotel occupancy rate in Jakarta from 1 to 14 March 2020 was at 25-40% range after approximately 60 star-hotels suspended their operational temporarily or altered their operation to accommodate medical staff. The hotel asso... [read more]

The property industry was hit by the outbreak of Corona virus, resulting in consumers postponing their purchases and the potential default on purchased properties due to layoffs. The Marketing Director of PT Ciputra Residence stated that the virus outbreak has caused the delay in property developmen... [read more]

President Joko Widodo (Jokowi) has approved the development on four reclaimed islands in Jakarta Bay, comprising C, D, G, and N islands with Presidential Regulation (Perpres) No. 60 Year 2020 regarding the Spatial Planning of Jakarta, Bogor, Depok, Tangerang, Bekasi, Puncak and Cianjur (Jabodetabek-... [read more]