President Joko Widodo (Jokowi) has approved the development on four reclaimed islands in Jakarta Bay, comprising C, D, G, and N islands with Presidential Regulation (Perpres) No. 60 Year 2020 regarding the Spatial Planning of Jakarta, Bogor, Depok, Tangerang, Bekasi, Puncak and Cianjur (Jabodetabek-... [read more]

The property industry was hit by the outbreak of Corona virus, resulting in consumers postponing their purchases and the potential default on purchased properties due to layoffs. The Marketing Director of PT Ciputra Residence stated that the virus outbreak has caused the delay in property developmen... [read more]

PT Capri Nusa Satu Properti Tbk (CPRI) focuses on the completion of The Atuh Beach Resort in Nusa Penida Project as trend of the office sales and lease were declining due to the Covid-19 pandemic and the work from home (WFH) policy. One of the sectors to recover quickly is the tourism sector, thus C... [read more]

The Ministry of National Development Planning (PPN/Bappenas) states that there are 41 top projects included in the 2021 national economic recovery program. The program comprises the development of 10 priority tourism destinations, nine industrial estate out of Java and 31 smelters, 4.0 industries in... [read more]

PT Hutama Karya (Persero) aims to construct Simpang Indralaya-Muara Enim toll road in the Palembang-Bengkulu Toll Road which will span approximately 119 kilometers this year. The project is following the construction of Bengkulu-Taba Penanjung (Bengtab) toll road in the Lubuk Linggau-Curup-Bengkulu... [read more]