Two developers plan to develop hotels in Labuan Bajo as the development of infrastructure in the tourism destination. One of them is PT Indra Megah Makmur who plans to develop a hotel which comprises 120 units and currently it is searching for potential partners. In addition, PT Satria Mega Kencana... [read more]

PT Cibitung Tanjung Priok Port Tollways estimates that the construction of Cibitung—Cilincing toll road will be completed next year. The 34-kilometer toll road will be the new access to Tanjung Priok port that connects West Java and DKI Jakarta. As of 3 October 2019, the progress of land acquisition... [read more]

Greenwoods Group is developing a residential project named Damara Village Jimbaran Hijau in Bali with operational joint venture with Jimbaran Hijau. Damara Village will be constructed in phases on a 3.5-hectare of land area with the total of 168 units. The first phase will offer 26 units of houses c... [read more]

PT Trisula International Tbk. (TRIS) plans to expand by adding new factory in Central Java and currently is in search of the location. The expansion is estimated to require investment between Rp50 billion to Rp100 million with land area targeted between 3 to 4 hectares. With this expansion, the prod... [read more]

PT Island Concepts Indonesia Tbk. (ICON) has started the construction of Beach Club Jimbaran project by conducting the land clearing and foundation mapping for the pre-construction stage. The project requires Rp55 billion to Rp60 billion investment with all of the investment and operational costs bo... [read more]