JW Smart Office Tower & Convention Hall in Jatiwaringin, East Jakarta, developed by PT Capri Nusa Satu Properti Tbk (CPRI) is set to operate in April 2020. CPRI aims to secure the revenue of Rp10 billion and the net revenue of Rp5 billion to Rp6 billion from this project by the end of 2020. JW Smart... [read more]

PT Modernland Realty Tbk offers its third phase project of new city Modernland Cilejit in Tangerang, Banten Province on a total of 1,000 hectares of land area. The Transit Oriented Development (TOD) is directly integrated with the Cilejit Commuter line Station and offering subsidized housing (RS) ty... [read more]

Crown Group records significant growth in sales during February 2020 due to the exchange rate appreciation of Australian dollar that prompt foreign purchases to Rp130 billion. In early March, ARC Penthouse by Crown Group and Pyrmont Bay were sold at Rp55 billion. The recently completed Infinity by C... [read more]

In respond the outbreak of Covid-19, the Central Bank of Indonesia (BI) cut the interest rate to 4.5% and revised Indonesia’s economic growth from 5%-5.4% to 4.2%-4.6%. The interest rate cut has no significant effect to the property industry because technically, marketing activities are hindered by... [read more]

The government will begin the construction of the new capital city in East Kalimantan in October this year. The first infrastructure to be constructed after the groundbreaking is road access to the capital city, dams and drainage system. [read more]