PT Ciputra Residence (CTRR) has reached 70% of the targeted marketing sales of the Citra Maja project. The 2,600-hectare project has entered its second phase, of which 500 hectares of land area has been developed for residential and commercial areas. This year, CTRR aims to achieve Rp750 billion in... [read more]

PT Jasamarga Pandaan Malang, a subsidiary company of PT Jasa Marga (Persero) Tbk. aims to operate the Pandaan-Malang Section 4 toll road this month. The operation of the 4.75-kilometer section will connect sections 1 through section 3 which has been operating since August 2019. The construction of s... [read more]

The Toll Road Regulatory Agency (BPJT) of the Ministry of Public Works and Public Housing (PUPR) states that that the 60.84 kilometer Cisumdawu Toll Road to be operational in 2020. The construction of Section I and II of 27.62 kilometers which to be constructed by the government has reached 66.01% a... [read more]

PT Intiland Development is partnering with PT Horizon Internusa Persada or Travelio Property Management (Travelio) for the management and leasing of Aeropolis’s apartment units Tangerang, Banten. There are 50 apartment units in Aeropolis to be managed and leased by Travelio of twin bedroom and... [read more]

The Central Bank of Indonesia may ease the Minimum Required Giro (GWM) due to uncertainties in the global economy and the Fed’s interest rate which are forecast to continue until December 2019. BI has taken several macroprudential policies such as easing the loan-to-value ratio to boost residential... [read more]