PT Serba Dinamik Indonesia (SDI), a subsidiary of Serba Dinamik Holdings Berhard, acquired a property worth Rp20 billion from PT Surya Cipta Banten (SCB) and it plans to renovate and lease the property to Conclave. SCB sold the property in Kebayoran Baru, Jakarta to gain working capital for its infr... [read more]

This year, PT Sanurhasta Mitra Tbk focuses on developing its leisure business and projects its revenue from room sales reaching Rp10 billion. The performance of its resort has been growing since 2017 with occupancy rate growing from 55.28% to 58.22% and projected to reach 64.6% this year. Until the... [read more]

The construction of the ultra-luxury 62-story residential in Jakarta named The Residence at St. Regis by Rajawali Property Group has reached the final phase and it is planned for completion in 2021. The apartment project in the megacomplex of The St. Regis Jakarta Hotel and Rajawali Place office tow... [read more]

The Directorate General of Customs and Excise of the Ministry of Finance lowers the minimum threshold of import duty from previously US75 or Rp1,050,000 to US$3 or Rp45,000. The new policy has been decreed by the Finance Ministry Regulation No. PMK 199/PMK.04/2019, effective since January the 30th 2... [read more]

PT Maha Properti Indonesia Tbk (MPRO) claims to have achieve 300% growth in marketing sales or Rp170 billion from Rp42 billion in 2018. From this growth, MPRO recorded Rp36 billion in profit or 185% higher than in 2018. This year, MPRO plans to focus on the completion of an office project in Solo an... [read more]