The Investment Coordinating Board (BKPM) states that in the last five years, the trend of property investment realization is increasing which included residential, industrial estate and office spaces. In 2018, the realization was recorded at Rp73.1 trillion but then declined by 2.74% to Rp71.1 trill... [read more]

The Investment Coordinating Board (BKPM) launched a command center to monitor the issuance of licenses in government offices and help expedite the process. The command center provides real-time information regarding the issuance of licenses to investor, including daily statistics of license issuance... [read more]

PT Maha Properti Indonesia Tbk (MPRO) will delay the development of new projects due to the outbreak of Covid-19 which is estimated to lower sales and revenues by 31% to 50%. One of the delayed projects includes the construction of its second town house office tower project in Solo named The Kahyang... [read more]

PT Hyundai Motor Manufacturing Indonesia was the largest buyer of PT Puradelta Lestari Tbk (DMAS) with a Rp1.36 trillion-land purchase or 51.73% of DMAS's total sales in 2019. In 2019, DMAS recorded the total revenue of Rp2.65 trillion or 155.8% growth from Rp1.03 trillion in 2018. Its net profit al... [read more]

Crown Group records significant growth in sales during February 2020 due to the exchange rate appreciation of Australian dollar that prompt foreign purchases to Rp130 billion. In early March, ARC Penthouse by Crown Group and Pyrmont Bay were sold at Rp55 billion. The recently completed Infinity by C... [read more]