The government targeted the groundbreaking of Kediri Airport project to start in April 2020 for the first phase. The Rp9.2 trillion project is aimed to be completed in April 2022. The project which is planned to be completed in three phases is the first project to be fully invested by private compan... [read more]

PT Kawasan Industri Jababeka Tbk (KIJA) continues the extension of Kendal Special Economic Zone (KEK) or Kendal Industrial Park (KIP) to 860 hectares due to the increasing demands. Previously, KIP is known as Kawasan Industri Kendal, a joint venture between Sembcorp Development Ltd and KIJA who owns... [read more]

Ciputra Group aims to sell property in its integrated project CitraLand BSB City in Semarang this year to grow higher than 50% after in 2019 recording 200% market growth which was dominated by the Rp600 million to Rp23 billion price segment. The CitraLand BSB City Development started in 2013 on 1,00... [read more]

The government plans to amend several regulations for the building construction permit which comprise regulations on the administration, building planning, zonation, building intensity and building architecture. These amendments are contained in the Cipta Kerja Regulation Draft (RUU) which has been... [read more]

PT Perintis Triniti Properti Tbk (TRIN) plans for expansion after its Initial Public Offering last January reached Rp129.76 billion. TRIN will allocate 35% of the total revenue for working capital and the development of Marc’s Boulevard Superblock project in Batam. The mixed-use project will reside... [read more]