Fitch Ratings put PT PP Property Tbk. (PPRO) rating from BBB- to CCC. Currently, PPRO has the options to liquidates its banking facility of Rp751 billion while also applying to issue MTN funding instrument of Rp850 billion to the Indonesia’s Financial Services Authority (OJK) planned for October 202... [read more]

The construction of the Greater Jakarta LRT project is aimed to complete in 2022, one year later from the earlier plan due to Covid-19 pandemic. As of July 2020, the construction progress has reached 73.8%. The detailed progress comprises 68.85% completion for the Cawang to Dukuh Atas route, 88.71%... [read more]

Amidst the current Covid-19 pandemic, Greenwoods Group continues the development of Citaville Parung Panjang Residential. On 11 August 2020, Greenwoods conducted the topping off on the first phase of Citaville Parung Panjang project at Jl. Raya Sudamanik, Parung Panjang, Bogor, West Java. The first... [read more]

The Indonesian Government will develop I Gusti Ngurah Rai Bali Airport into a super hub to increase its capacity to 50 million passengers from the current 35-37 million. In addition, the super hub will also be a super logistic hub and connecting Australia, Africa, Europe, North Asia and South Americ... [read more]

The price growth of residential properties in the second quarter of 2020 has slowed down. The Residential Property Price Index Survey from the Central Bank of Indonesia indicated a deceleration in the price growth. The condition was reflected in the second quarter of 2020 Residential Property Prices... [read more]