Bank Indonesia (BI) reported that the results of the Residential Property Price Survey (SHPR) indicated limited price growth in the primary residential property market in the third quarter of 2024 at 1.46% (yoy). Meanwhile, the residential property sales indicated a decline for all types of houses,... [read more]

In 2025, PT Adhi Commuter Properti Tbk. (ADCP) aims to complete its flagship estates and to hand over the units of Tower 1 LRT CITY Tebet, Lot 2 ADHI CITY Sentul, and Tower 1 LRT CITY Cibubur. ADCP continues to promote the concept of Transit Oriented Development (TOD) property business as it is beli... [read more]

The Jakarta LRT Phase 1B project, connecting Velodrome-Manggarai is aimed to commercially operational by the end of 2026. The project is a joint operation (KSO) project with Waskita Nindya LRS as the main contractor with the construction budget reaching Rp 4.1 trillion. The total length of LRT Jakar... [read more]

PT Pakuwon Jati Tbk, through its subsidiary PT Grama Pramesi Siddhi, officially opened Pakuwon Mall Bekasi in Bekasi, West Java, on Friday (22nd November). The mall is designed to have the total net leasable area (NLA) of 45,300 square meters. This shopping center is a part of the Pakuwon Bekasi Sup... [read more]

Indonesian Hotels and Restaurants Association (PHRI) chairman Hariyadi Sukamdani, said that the average occupancy rate in the hotel businesses was projected to decline to 45% from around 50% recorded during the Christmas and New Year season last year. On the national scale, the occupancy rate may de... [read more]