Urban Jakarta Propertindo, a Jakarta-based property developer that focuses on the integration between property development and the availability of public transportation, will offer 600 million shares – equivalent to 16.85 percent of the company’s total shares – to the public … Continue reading →
At the latest policy meeting (29/06) Bank Indonesia decided to relax the loan-to-value (LTV) and financing-to-value (FTV) ratios in the country’s property sector (effective per 1 August 2018). By lowering down payment obligations for the consumer, the central bank aims … Continue reading →
Keppel Land, the real estate arm of Singapore-based conglomerate Keppel Corp, signed a conditional sales and purchase agreement with Indonesia’s Bank Central Asia, or BCA, to acquire a central business district area in Jakarta. According to a company statement released … Continue reading →
China Communications Construction Group (CCCG) through its subsidiary PT China Harbor Jakarta Real Estate Development officially started the construction of Daan Mogot City or Damoci in West Jakarta. The first phase of investment fund of Rp 4 trillion is prioritized … Continue reading →
Global hospitality marketplace Airbnb will expand its business in Indonesia as it considers the country to be one of the most important markets in the Asia-Pacific. Airbnb’s country manager for Southeast Asia, Hong Kong, and Taiwan, Robin Kwok, said that Indonesia is one of the fastest growing countries … Continue reading →