The Investment Coordinating Board (BKPM) states that domestic property investment in 2019 has surged by 79%, from Rp24.57 trillion to Rp43.96 trillion. The number of projects also increased from 1,142 projects to 3,942 projects. However, foreign investment declined by 34% from Rp74.37 trillion to Rp... [read more]

The construction of MRT Jakarta Phase II which started in March 2019 comprising Phase 2A with the main lane of 5.8 kilometers with six underground stations (Thamrin, Monas, Harmoni, Sawah Besar, Mangga Besar, Glodok) and one at grade station (Kota) and Phase 2B comprising Kota station, Mangga Dua, G... [read more]

The Central Bank of Indonesia (BI) estimates that the total value from 14 largest e-commerce in Indonesia is reaching Rp265.07 trillion in 2019. The transaction value rapidly grew from Rp80.82 trillion in 2017 to Rp145.95 trillion in 2018. This data includes the transactions of domestic and imported... [read more]

PT Indostar Perdana (Indostar) has expanded into the apartment market in Bandung by developing the Allegria Apartment project. The Rp200-billion investment project will start construction by the end of February 2020. Beside a better access of Jakarta-Bandung after the completion of Elevated Japek To... [read more]

PT PP (Persero) Tbk, the main contractor of Pollux Technopolis, Karawang, West Java, estimates the first phase construction of Pollux Technopolis to be completed within two to three years. The first phase comprises two apartment towers out of the total of 26 towers. The Rp3.5-trillion investment pro... [read more]