The Coordinating Minister of Economy Airlangga Hartarto estimates Indonesia’s economy to grow minus 3.4% in the second quarter of 2020 and minus 1% in the third quarter. In the first quarter of 2020, the national economy was recorded at 2.97%. Despite the signal of recession in the third quarter of... [read more]

PT Adhi Commuter Properti is optimistic to reach its Rp150 billion target for the second quarter of 2020 from its annual target of Rp1.2 trillion after the Central Bank of Indonesia cut the BI Rate to 4.50% in March 2020. In addition to the sales of its Transit Oriented Development/TOD LRT City in t... [read more]

In the first semester of 2020, PT PP Properti Tbk (PPRO) has achieved 15.25% of its marketing sales target for this year. For 2020, the subsidiary of PT PP (Persero) Tbk. aims to achieve Rp2.4 trillion and in the first six month of 2020 achieved Rp366 billion in marketing sales with the biggest cont... [read more]

The Indonesia government promised a business friendly regulation for the property sector after the implementation of Cipta Kerja Law in September which will apply regulation efficiency, including the spatial regulation, land bank provisions, right to use (HPL), above/below ground spaces and land own... [read more]

The Indonesia Industrial Estate Association (HKI) recommends five areas to be the factories relocation choices for foreign companies, comprising West Java, Central Java, East Java and Riau Islands. Until the end of June 2020, HKI recorded that 50 investors have resided in those industrial estates wi... [read more]