The Indonesia Real Estate Association (REI) requests for a fast response from banks after the Central Bank of Indonesia cut the 7-Days Reverse Repo Rate (BI7DRRR) by 25 basis points to 4.25%. The rate cut was expected to support economic growth and stimulate the business world, including the propert... [read more]

The construction of the Phase 3 Jakarta Mass Rapid Transit (MRT) project with a route of Ujung Menteng-Kalideres is targeted to start in 2021. Currently, the funding is being discussed by the DKI Jakarta Provincial Owned Enterprises and the National Development Planning and the Ministry of Transport... [read more]

Despite the physical distancing (PSBB) has been eased out, the demand on industrial estates is estimated to be limited during the new normal due to limited activities. The demand is subject to Indonesia’s economic condition in the third and fourth quarter. According to the Indonesia Industrial Estat... [read more]

In the second quarter of 2020, PT Surya Semesta Internusa Tbk (SSIA), comprising the industrial estate revenue, maintenance fee and commercial lease, achieved the total revenue of Rp86.9 billion or increasing by 20% from Rp72.4 billion in the first quarter of 2019. With the easing of physical distan... [read more]

PT Citra Waspphutowa, the subsidiary of PT Citra Marga Nusaphala Persada Tbk., states that Section 2 Brigif-Sawangan lane of Depok-Antasari Toll Road is under feasibility study and will soon be operational. Previously, the 6.30 kilometers lane was planned to be operational in July 2019.  [read more]