In 2019, PT Modernland Realty (MDL) posted marketing sales of Rp4.27 trillion in 2019 from the targeted Rp4,38 trillion. During this year, the industrial estate segment contributed Rp1.2 trillion, followed by residential at Rp2.9 trillion and hospitality at Rp120 billion or 28.10%, 67.91% and 2.81%,... [read more]

PT Wijaya Karya Realty (WIKA Realty), a subsidiary of PT Wijaya Karya (Persero) Tbk, aims to obtain Rp2.3 trillion in marketing sales or 18% higher than its achievement last year of Rp1.95 trillion. This year, WIKA allocates Rp7.6 trillion in capital expenditure from its internal cash flow. Currentl... [read more]

PT Serba Dinamik Indonesia (SDI), a subsidiary of Serba Dinamik Holdings Berhard, acquired a property worth Rp20 billion from PT Surya Cipta Banten (SCB) and it plans to renovate and lease the property to Conclave. SCB sold the property in Kebayoran Baru, Jakarta to gain working capital for its infr... [read more]

PT Grahawita Santika will expand by developing Santika Bukit Tinggi Hotel and Santika Batam Hotel this year with investment value for each room at approximately Rp350 million, subject to the start rate. Currently, Santika Indonesia Hotels & Resorts manages 114 hotels in 40 cities in Indonesia with s... [read more]

Sinar Mas Land launches its second cluster named Inspirahaus R in Tabebuya area after the success of its first cluster, Inspirahaus. The second cluster will comprise 208 units and adopts the concept of modern, smart, compact and functional in its city scale project of BSD City. The residential in th... [read more]