NEWS

Research by REI and the Central Bank of Indonesia shows that  property portals and social medias are the best source for search or information for consumer in finding their dream residential with 77% of potential consumers searched via property portals, replacing  the conventional marketing. This ma... [read more]

PT Lippo Cikarang Tbk (LPCK) achieved the total of Rp1.69 trillion revenue in 2019 or 23.3% less than in 2018 of Rp2.21 trillion. The decline was due to land non-recurring sales from Rp838 billion in the 2018 revenue to Rp65 billion in 2019. However, in general, the 2019 revenue increased 18.8% from... [read more]

Sri Mulyani Indrawati, the Minister of Finance predicts economic growth in the second quarter of 2020 to reach 2.3% to minus 0.4% ranges during the physical distancing regulation (PSBB). To maintain economic performance, the government has increased the budget for National Economy Recovery Program (... [read more]

PT Urban Jakarta Propertindo Tbk (URBN) adds new project of Jakarta River City (JRC). The project which resides on a 6-hectare land area in the MT Haryono Method, Cawang, East Jakarta is aimed to be the largest mixed-use project with the concept of TOD in Jakarta comprising eight apartment towers, o... [read more]

The Ministry of Industry (Kemenperin) accelerate the development of Brebes Industrial Estate (KI Brebes) as an  effort to boost development in Central Java and national economic growth and aimed to be the relocation area for American companies from China due to escalating trade war between the Unite... [read more]