The government estimated that the economic growth at the end of 2020 will be minus 1.1% to minus 0.2% while the 2021 State Budget Draft is estimated between 4.5% and 5.5%. In the second quarter of 2020, the Central Bureau of Statistics (BPS) reported that Indonesia’s economic growth was recorded at... [read more]

Sinar Mas Land, through its PT Bumi Serpong Damai Tbk., collaborates with Mitbana Pte Ltd, a joint venture between Surbana Jurong and Mitsubishi Corporation, to develop a smart Transit Oriented Development (TOD) project in BSD City, South Tangerang, Banten. In line with the development, Mitbana will... [read more]

Jababeka Residence, an integrated residential and commercial area by PT Grahabuana Cikarang, a subsidiary of PT Jababeka Tbk., launched the Cluster Rotterdam in July 2020 and it was sold out in the initial marketing phase. The cluster is located near the TOD Center of Jababeka with the concept of Mo... [read more]

After its Initial Public Offering (IPO), PT Grand House Mulia Tbk. (HOMI) continues with its residential projects, including Parkville Serpong residential project at Gunung Sindur, Bogor, to aim at middle income consumers averaging Rp15 million per month. The project comprises four mini clusters, in... [read more]

The Ministry of Public Work and Public Housing (PUPR) prepares the development of eight new toll road projects to start by the end of 2020 with the total length of 374 kilometers and Rp100 trillion in investment. The new toll roads will connect several strategic areas and development centers in the... [read more]