As of 25 September 2020, PT Adhi Karya (Persero) Tbk. (ADHI) reported that the progress of Greater Jakarta LRT Project Phase I has reached 77.3%, including the service line 1 Cawang-Cibubur at 91.2%, service line 2 Cawang-Kuningan-Dukuh Atas at 73% and service line 3 Cawang-East Bekasi at 70.7%. ADH... [read more]

The Central Bureau of Statistics (BPS) reported a three-month consecutive deflation of 0.10% in July, 0.05% in August and 0.05% in September 2020. The annual inflation in September was recorded at 1.42%, increasing from 1.32% in August. However, this was lower than in July when it was recorded at 1.... [read more]

The House of Representatives (DPR) has ratified the Stamp Duties Regulation Draft (RUU), canceling the Rp3,000 and Rp6,000 stamp duties into a single Rp10,000 stamp duty. The regulation is effective starting from 1 January 2021, thus documents with value equal to or less than Rp5 million will no lon... [read more]

Citra Swarna Group introduced the concept of Green and One Stop Living for Kartika Residence while it also held the handover of 170 housing units for the Karahayuan Cluster at the Kartika Residence 2 Marketing Gallery on Jl. Raya Klari Karawang Timur. Karahayuan Cluster has sold approximately 85% of... [read more]

PT Menara Astra (Astra Property), a subsidiary of Astra Group, will accelerate Arumaya, a luxury apartment project, in TB Simatupang, South Jakarta in collaboration with Hong Kong Land for the topping off ceremony in 2021. The Arumaya project resides on a total land area of 2.6 hectares, comprising... [read more]