The Ministry of Public Work and Housing (PUPR) temporary suspend the construction of Jakarta-Bandung High-Speed Train project (KCJB) since the second of March after the Construction Safety Committee (Komite Keselamatan Konstruksi/K2K) officially send written instruction to PT Kereta Cepat Indonesia... [read more]

PT Bumi Serpong Damai Tbk aims for 11% growth in marketing sales to Rp7.2 trillion this year. Residential segment is expected to be the main contributor at 58% of the total or Rp4.2 trillion. While commercial is expected to reach 28% and the remaining from joint venture with its strategic partners.... [read more]

PT Summarecon Agung Tbk reported that the take up of its apartment product is declining due to over-supply and buyers prefer to purchase landed houses. However, SMRA Apartment in Summarecon Bekasi experiences a price growth from Rp200 million per unit when it was first launched to become Rp400 milli... [read more]

PT Metropolitan Kentjana Tbk will utilize its recurring income to comply with the implementation of Pernyataan Standar Akuntansi Keuangan 72 (PSAK 72) regarding Income from Consumer’s Contract Declaration. This regulation requires a project to be recorded as income if the handover has been conducted... [read more]

PT Surya Semesta Internusa Tbk (SSIA) to launch Subang Industrial Estate in July 2020. The land area developed reaches 250 hectares with 70% of the total to be developed as an industrial estate and the remaining for workers’ compounds. This year, SSIA aims to sell 20 hectares land area of 12.35% hig... [read more]