The International Monetary Fund (IMF) projects that Indonesia's economic growth will contract by -0.3% in 2020 as stated in the June 2020 World Economic Outlook (WEO). IMF also projects Indonesia to rebound at 6.1% range. IMF also projects developing countries and developed countries in Asia to reco... [read more]

Developers predict that property market prices will remain stagnant in the second semester of 2020 despite the current new normal due to uncertainty. Previously, Residential Property Price Index (IHPR) from the Central Bank of Indonesia in the first quarter of 2020 recorded at 1.68% (YoY), lower tha... [read more]

PT Perdana Gapuraprima Tbk (Gapuraprima) postponed the plan to develop The Crown Apartment project in West Jakarta due to Covid-19. Previously, Gapuraprima planned to develop the apartment project through its subsidiary, PT Mandiri Bangun Konstruksi on 2.2 hectares of land area with mixed- use conce... [read more]

In the first quarter of 2020, PT Summarecon Agung Tbk (SMRA) recorded its revenue at Rp1.04 trillion or declined by 1.89% from Rp1.06 trillion in the same period last year. Its marketing sales by the end of May 2020 was recorded at Rp1 trillion or 22.22% from the initial target of Rp4.5 trillion and... [read more]

PT Puradelta Lestari Tbk. (DMAS) achieved a revenue target of Rp107.63 billion with a net profit reaching Rp53.36 billion in the first quarter of 2020 or increasing by 552.32% from Rp8.18 billion in the same period last year. This growth was recorded by the increase revenue of 1,592%. In the first q... [read more]