PT Bumi Serpong Damai Tbk (BSDE) allocates between Rp2 trillion and 2.5 trillion for its capital expenditure this year from the initial Rp4.5 trillion to adjust their expansion plan amidst the Covid-19 pandemic. During the physical distancing, BSDE eased the lease payment to maintain its business su... [read more]

A number of property companies recorded declining sales revenues, including PT Summarecon Agung Tbk (SMRA) who recorded Rp100 billion in marketing sales during the May-June period or Rp1.1 trillion since the beginning of 2020 or 50% lower than the same period last year. PT Ciputra Development Tbk (C... [read more]

The Public Work and Public Housing Ministry (PUPR) will soon operate the 131.48 km Pekanbaru-Dumai Toll Road after conducting the feasibility test (ULF) on Section 2 Minas-kandis Selatan until Section 6 Duri Utara-Dumai. Currently, the physical progress has reached 99.07%. The toll road is aimed to... [read more]

Astha Mall in District 8, CBD Sudirman, South Jakarta to operate in the second semester of 2020. The mall is developed by Agung Sedayu Group through PT Agung Sedayu Retail Indonesia with Rp200 billion investment. Supply of new malls in the Greater Jakarta area increases annually and as of today, new... [read more]

PT Repower Asia Indonesia Tbk (Repower) is optimistic that sales in 2020 will remain high and in the first quarter of 2020 recorded 142% increase in residential from Rp1,68 billion to Rp4.07 billion as of the end of March 2020. This year, Repower will rely on the Botanical Puri Asri project which ad... [read more]