MRT Jakarta (Perseroda) reported that the construction progress of Phase 2 MRT Jakarta connecting Bundaran HI to Kota has reached 31% or reaching 6 kilometers. The development of 2A includes the CP201 segment (Bundaran HI-Harmoni), CP202 (Harmoni-Mangga Besar) and CP203 (Mangga Besar-Kota) segments... [read more]

President Joko Widodo (Jokowi) has inaugurated the Makassar New Port in South Sulawesi. The Makassar New Port was developed as the old Makassar Port has optimized its capacity. The national strategic project was fully funded by Pelindo with Rp5.4 trillion investment and will further enhance in stage... [read more]

PT Metropolitan Kentjana Tbk. (MKPI) is optimistic on a better prospect of property business this year, although the Value Added Tax Borne by the Government (PPN DTP) incentive in general, has not greatly impacted its sales.  In 2024, MKPI will focus on areas including the currently utilized Ranch M... [read more]

PT Krakatau Sarana Properti (KSP), a subsidiary of the State-Owned Enterprise PT Krakatau Steel (Persero) Tbk. (KRAS) in the property sector, will implement a new business model in 2024 to boost revenue. In the new business model, KSP will expand its business into the logistics, industrial estate ma... [read more]

The Residential Property Price Survey (SHPR) from Bank Indonesia (BI) indicates that residential property prices in the primary market grew in the fourth quarter of 2023 by 1.74% yoy, lower than 1.96% yoy recorded in the third quarter of 2023. The growth was reflected by growth of sales by 3.27% yoy... [read more]