The Central Bureau of Statistics (BPS) recorded Indonesia’s economy growth reached 5.11% yoy in the first quarter of 2024. The growth was the highest since 2015. Indonesia is one of the countries who recorded strong and persistent growth in the high level compared to Malaysia (3.9%), South Korea (3.... [read more]

As of Thursday (25th April), the construction progress of MRT Jakarta CP 201 (Thamrin and Monas Station) phase 2A has reached 75.83%, right on schedule. The MRT Jakarta Phase 2A will connect Bundaran HI Station and Kota Station with the total length of 5.8 kilometers and comprises seven underground... [read more]

PT Intiland Development Tbk (Intiland) 30% increase in revenue from the housing segment in the first quarter of 2024 compared to the same period in 2023, rising from Rp126.55 billion to Rp164.33 billion. The increase was driven by the recognized sales of landed houses with the largest contribution c... [read more]

The Central Bureau of Indonesia (BPS) recorded the national economic growth by 5.11% yoy in the first quarter of 2024. This is the highest first quarter growth since 2015. Based on World Economic Outlook publication from the International Monetary Fund (IMF) in April 2024, Indonesia’s economic growt... [read more]

The property sector was one of Indonesia’s top five sectors with the largest investment contribution in the first quarter of 2024. The property sector includes the residential, industrial and office subsectors. Based on data from the Ministry of Investment/BKPM, the property sector realized Rp29.4 t... [read more]