The National Strategic Projects Meeting headed by President Joko Widodo (Jokowi) has decided to continue most of the projects. Furthermore, the Jakarta-Bandung High Speed Train project extension to Surabaya has been approved which will greatly increase employment rate. The Jakarta-Bandung High Speed... [read more]

The Land Transportation Directorate General of the Transportation Ministry (Kemenhub) is preparing the road operational procedure scheme for the new normal phase amidst Covid-19 Pandemic which includes bike ride sharing services (Ojol). The new normal will start on 1 June 2020 and is conducted in fi... [read more]

To ease pressure on the property companies, the Indonesian Real Estate (REI) is requesting for the government to provide further incentives in the form of tax relaxation, including the deletion of PPh 21 (tax revenue), the reduction of corporate income tax (PPh Badan), the reduction of final PPh fro... [read more]

The Association of Indonesia Real Estate Companies is preparing the Standard Operating Procedures (SOP) for the new normal. The SOP will regulate the procedures of transactions, including the validation of certificates, dividing of certificates, taxation, permits, etc. In general, the property devel... [read more]

PT Metropolitan Kentjana Tbk (MKPI), a member of Group Pondok Indah, states that its property sales and lease were slowing down in almost all property project segments. Revenue decline reported in residential and hospitality segments as demand was low. However, MKPI’s performance was recorded with t... [read more]