The Non-Performing Loan (NPL) ratio in the property sector has gradually improved following growing credit distribution. According to data from the Bank of Indonesia (BI) the property NPL credit as of June 2024 was at 2.64% or improving from 2.72% in the same period last year. However, this level re... [read more]

Sinarmas Land presents comfortable living with Adora Luxe cluster within Terravia BSD City, Tangerang. Adora Luxe offers houses with the total land area of 190 square meters and the total floor area of 112 square meters with multifunction design for multigenerational modern families. Each unit will... [read more]

The Nusantara Hotel, owned by the Nusantara Consortium led by Sugianto Kusuma, also known as Aguan, in Nusantara Capital (IKN) is planned to be operational on 17th August 2024. Currently, there are 127 room units ready to accommodate the 79th Indonesia’s Independence Day. Nusantara Hotel is develope... [read more]

In July 2024, Statistics Indonesia (BPS) recorded Indonesia’s inflation rate at 2.13% annually (yoy), decreasing from 2.51% in the previous month. The Fiscal Policy Agency (BKF) of the Ministry of Finance that despite the lower inflation rate, the government will remain prudent of risks that may imp... [read more]

The spokesperson for the Ministry of Public Works and Housing (PUPR) Endra Atmawidjaja, revealed that currently, the total investment of private domestic investors (PMDN) in Nusantara Capital (IKN) has reached Rp 52.8 trillion. Moreover, the government will soon conduct the seventh groundbreaking wh... [read more]