NEWS

President Prabowo Subianto prepares a number of stimulus for the property sector, comprising the exemption of 11% Value Added Tax (PPN), 5% Land and Building Right Transfer Duty (BPHTB), and the program of 3 million livable houses. The government plans to implement the 16% exemption of PPN and BPHTB... [read more]

PT Jasa Marga (Persero) Tbk. (JSMR) reported that the construction progress of the Probolinggo–Banyuwangi Toll Road phase 1 from Probolinggo to Besuki, has reached 55.27%. The first phase of construction comprises three construction work packages, namely Package 1 (Gending-Kraksaan), Package 2 (Krak... [read more]

Bank Indonesia (BI) will extend the incentives of 0% down payment for house (KPR) and automotive loans (KKB) until 31st December 2025. The incentive extension is completed by continuing the policy of Loan to Value/Financing to Value (LTV/FTV) for property loan at the maximum of 100% and the lowest d... [read more]

The International Monetary Fund (IMF) projects Indonesia’s economy will stagnate at the 5.1% level from 2025 until 2029 and the growth in 2024 to reach the 5% range. IMF also projects that the global inflation may reach 3.5% by the end of 2025 with the economic growth stable at 3.2% level in 2024 an... [read more]

PT Waskita Karya (Persero) Tbk aims to complete the construction of Phase 1B Velodrome-Manggarai of LRT Jakarta project which spans the total length of 6.4 km to be completed in 2026 and to start its operational in 2027. Currently the construction progress of Phase 1B has reached the concrete castin... [read more]