PT Lippo Karawaci Tbk claimed that the sales of its latest cluster, Cendana Homes in the Lippo Village main area were successfully sold by 2.5 times oversubscribed from the total 324 units of landed houses with offering prices starting from Rp568 million. More than half of the bids are dominated by... [read more]

The manufacturing industry was under pressure in the second quarter of 2020 due to the Covid-19 pandemic. This condition is projected to hinder economic growth in the third quarter of 2020. The Central Bank of Indonesia (BI) indicated that the Manufacturing Index (PMI) in the second quarter was reco... [read more]

Several projects of PT Diamond Citra Propertindo Tbk (DADA) was delayed due to the Covid-19 pandemic. However, its middle to low rise apartment project named Apple Residence continues its marketing activities. Affected by the physical distancing policy and the delay in installment payments by the co... [read more]

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]