The Covid-19 pandemic puts pressure on various business lines, including the property sector which has driven three property companies to lower their marketing sales target. Aiming for Rp6.7 trillion, PT Ciputra Development Tbk (CTRA) just managed to obtain 17.01% of its target and it is forced to r... [read more]

Based on the Government Regulation (PP) No. 21 year 2020 regarding physical distancing to accelerate the mitigation of Covid-19, there are 14 toll lanes in Jakarta, Banten and West Java which restrict the traffic and public commute. The Ministry of Public Work and Public Housing recorded approximate... [read more]

PT Metropolitan Kentjana Tbk recorded a lower target in sales and lease due to the Covid-19 pandemic. In the first quarter of this year, the marketing sales from Pondok Indah Residence (PIR) was recorded at approximately Rp22 billion. Other than PIR, MKPI is also marketing 47 units of Pondok Indah T... [read more]

PT Alam Sutera Realty Tbk. (ASRI) recorded Rp540 billion of marketing sales in the first quarter of 2020 or 38.63% lower than in the same periode in 2019. In the first quarter of 2020 there was a new launch of a residential cluster in Suvarna Sutera titled Dakota which will be followed by another la... [read more]

Ciputra Group through its subsidiary, PT Ciputra Residence, continues the development of Citra Maja Raya New Integrated City, one of the ten new city projects from the Indonesian government which has sold 516 units and achieved Rp130 billion through the Ayodya Cluster and Seminyak Cluster Online Lau... [read more]