The Minister of Economic Coordinator (Menko) Airlangga Hartarto reported the directive from President Prabowo Subianto to accelerate the completion of 48 National Strategic Projects (PSN) in the 2024-2025 period. For this year, 18 projects are planned to be completed and 30 projects are planned to b... [read more]

Bank Indonesia (BI) reported that the results of the Residential Property Price Survey (SHPR) indicated limited price growth in the primary residential property market in the third quarter of 2024 at 1.46% (yoy). Meanwhile, the residential property sales indicated a decline for all types of houses,... [read more]

PT Paramount Enterprise International (Paramount Land) achieved Rp 5.4 trillion in sales as of November 2024. This value is equal to 93% of its 2024 sales target of Rp 5.8 trillion. This achievement is also higher than the achievement in November 2023 of Rp 5.1 trillion. However,  the high value in... [read more]

The Jakarta LRT Phase 1B project, connecting Velodrome-Manggarai is aimed to commercially operational by the end of 2026. The project is a joint operation (KSO) project with Waskita Nindya LRS as the main contractor with the construction budget reaching Rp 4.1 trillion. The total length of LRT Jakar... [read more]

In 2025, PT Adhi Commuter Properti Tbk. (ADCP) aims to complete its flagship estates and to hand over the units of Tower 1 LRT CITY Tebet, Lot 2 ADHI CITY Sentul, and Tower 1 LRT CITY Cibubur. ADCP continues to promote the concept of Transit Oriented Development (TOD) property business as it is beli... [read more]