PT Mitra Sindo Sukses, a subsidiary of PT Modernland Realty Tbk., held the groundbreaking ceremony of Cleon Park Apartment, its first apartment project in Jakarta Garden City (JGC) Township. The sales of the 310-unit apartment has reached 80% with prices starting from Rp500 million to Rp1.4 billion.... [read more]

Ciputra Group through its subsidiary Ciputra Residence will launch a new apartment project in CitraGarden City Jakarta with prices starting from Rp418 million for units. It offers a comfortable lifestyle by adopting the concept of “la ville du quart d’heure” or “City within 15 Minutes”. CitraGarden... [read more]

PT Intiland Development Tbk. (Intiland) starts the handover of the 170-unit Rosebay residence in stages, in line with the construction completion within the Graha Famili Residential project in Surabaya. The handover of several types residential units has reached 60% spread out within several blocks... [read more]

The government plans to establish an Investment Management Institution (LPI) or Sovereign Wealth Fund (SWF) as included in the Cipta Kerja Ombibus Law Regulation (RUU) to attract investments in Indonesia. For its independency, there will be supervisory and director boards, comprising five members fr... [read more]

The Transportation Minister Budi Karya Sumadi aims to operate the first phase Patimban Port in November or December 2020. In this phase, the port will operate with the capacity of 250,000 teus and 25 hectares of vehicle terminal for the export of 218,000 vehicles from the total of 7 million teus cap... [read more]