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Indonesia’s Lippo Karawaci Continues Puri Mall Divestment

JAKARTA (TheInsiderStories) - Real estate company, PT Lippo Karawaci Tbk (IDX: LPKR), continues its plans to divests one of it assets in Indonesia, Puri Mall,...

Indonesia’s Lippo Karawaci Raises US$95M

JAKARTA (TheInsiderStories) - Local developer, PT Lippo Karawaci Tbk (IDX: LPKR) raised US$95 million from its five-year bond issuances planned $325 million, said the company today...

Moody’s Downgrades Alam Sutera to B3, Outlook Negative

JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded the corporate family rating of PT Alam Sutera Realty Tbk (IDX: ASRI) to B3 from B2. At the same time,...

Indonesia’s Lippo Karawaci Raises US$325M from Bond Market

JAKARTA (TheInsiderStories) - Indonesian property company, PT Lippo Karawaci Tbk (IDX: LPKR) launched a five-year bond, valued at US$325 million, said the company on Jan. 14....

Singapore’ LMIR Trust Divest Pejaten Village, Binjai Supermall for US$91M

JAKARTA (TheInsiderStories) - Singapore based, LMIR Management Ltd., divested Pejaten Village and Binjai Supermall for Rp1.28 trillion (US$91.42 million) to local company, PT Nirvana Wastu...

Indonesia’s Trans Corporation Buys 50% Metro Department Shares

JAKARTA (TheInsiderStories) - Trans Corporation, an Indonesian conglomeration firm, bought 50 percent shares of the operator Metro Department Stores, PT Metropolitan Retailmart, said the...

Modernland, Lotte Invests US$142M to Build Property Project in Indonesia

JAKARTA (TheInsiderStories) - A property developer, PT Modernland Realty Tbk (IDX: MDLN) and South Korea' Lotte Engineering and Construction formed a joint venture company...

Indonesia’s Adhi Karya’s Unit Acquires TOD Developer

JAKARTA (TheInsiderStories) - PT Adhi Commuter Properti, unit of state-own company PT Adhi Karya Tbk (IDX: ADHI), has acquired PT Mega Graha Cipta Perkasa...

Indonesia to Reduces Investment Barriers in Property Sector

JAKARTA (TheInsiderStories) - Indonesian government through the agrarian spatial planning ministry aimed to reduce investment barriers in the property sector, one of which is...

Indonesia’s Agung Podomoro Plans to Pay Off Loans US$39M

JAKARTA (TheInsiderStories) - Indonesian property developer, PT Agung Podomoro Land Tbk (IDX: APLN) plans to pay off bonds with a total value of Rp550 billion...

Indonesia’s Bumi Serpong Damai Drops Buyback Program

Jakarta (TheInsiderStories) - Indonesia' PT Bumi Serpong Damai Tbk (IDX: BDSE) stop the tender offer of global notes amid the lower demands, said the...

Indonesia’s Trinitan Metals, Nusantara Almazia Plans to Go IPO

Jakarta (TheInsiderStories) - Indonesian mining company PT Trinitan Metals and Minerals Tbk and property developer PT Nusantara Almazia Tbk plan to hold an initial...

Moody’s Assigns Ba3 to Bumi Serpong Damai’s Proposed Notes

Singapore (TheInsiderStories) - Moody's Investors Service has assigned a backed senior unsecured rating of Ba3 to the proposed senior unsecured notes to be issued by...

Indonesia’s Alam Sutera to Releases Global Bond US$175M Next Year

Jakarta (TheInsiderStories) - PT Alam Sutera Realty Tbk (IDX: ASRI) planned to release global bond worth of US$175 million with a five years tenor next...

Indonesia’s Bhakti Agung Ready Go IPO, Eyes US$23M

Jakarta (TheInsiderStories) - PT Bhakti Agung Propertindo eyeing funds around Rp335 billion (US$23.59 million) from the initial public offering (IPO), the company announced yesterday (08/14)....

Trump, Tanoesudibjo Build Trump Residences in Lido and Bali

JAKARTA (TheInsiderStories) - Trump Foundation and its partner Indonesia' property developer PT MNC Land Tbk (IDX: KPIG) build luxurious resort and residences Trump Residences in...

Indonesia’s SMF Offers Bond US$175M in this Month

Jakarta (TheInsiderStories) - PT Sarana Multigriya Finansial or SMF, a state company own by Indonesian government, planned to releases bond of Rp2.5 trillion (US$174.82...

Indonesian Bakrieland, Chinese Developer Plans to Build US$350M Jakarta complex

JAKARTA (TheInsiderStories) - PT Bakrieland Development Tbk (IDX: ELTY), controlled by billionaire Aburizal Bakrie team up with China' Construction First Group Corp. (CCFG) has plan to...

Australia’s Crown Group Prepares US$500M for Vertical Waterfront City in Jakarta

JAKARTA (TheInsiderStories) - Australia based property developer Crown International Holding Group is preparing an Rp7 trillion (US$500 million) to build a new luxury waterfront...

China Fortune Land Invests More in Indonesia

JAKARTA (TheInsiderStories) - Looking the prospective future of Indonesian property market property developer and industrial estate, China Fortune Land Development wants to invest more in Indonesiam...

Indonesian Corporates Credit Trends Remain Broadly Stable until Next Year

JAKARTA (TheInsiderStories) - Indonesian majority corporates that it rates will demonstrate stable credit trends over the next 12-18 months, although the commodity-related sectors will...

Moody’s Downgrades Agung Podomoro Land to B2

Singapore (TheInsiderStories) - Moody's Investors Service has downgraded the corporate family rating of PT Agung Podomoro Land Tbk (IDX: APLN) to B2 from B1. At the...

British’s Glodfive, Castelford Become Shareholders of DMS Propertindo After IPO

JAKARTA (TheInsiderStories) - Two British investors, Glodfive Investment Capital Ltd dan Castelford Investment Holding Ltd will become the shareholders of owned Indonesian property developer, PT...

Indonesia’s Ciputra Considers to Issue REITs US$571M

JAKARTA (TheInsiderStories) - Indonesian property developer, PT Ciputra Development Tbk (IDX: CTRA) considers to issue Real Estate Investment Trust (REITs) as much as Rp8...

Indonesia Prepares More Incentives for Investors

JAKARTA (TheInsiderStories) - Government continues stimulate investors to bring more money to Indonesia by provide fiscal incentives to them. After cutting property income taxes,...

India’s OYO Hotels to Invest US$100M in Indonesia

JAKARTA (TheInsiderStories) – An Indian hotel chain, OYO Hotels and Homes, plans to increase its investment by more than US$100 million for the next...

JLL: Indonesian Offices Dominated by Virtual, Co-working Space in 2018

JAKARTA (TheInsiderStories) – Research by property consultant Jones Lang LaSalle (JLL) shows that virtual and co-working space absorbed 33 percent of total office space...

Moody’s Downgrades Agung Podomoro Land to B1

JAKARTA (TheInsiderStories)  -- Moody's Investors Service has downgraded the corporate family rating of Agung Podomoro Land Tbk (P.T.) to B1 from Ba3. The outlook on the...

Indonesia Considers to Remove Luxury Homes Taxes to Drive Property Business

JAKARTA (TheInsiderStories) - Indonesian government considers to remove the tax on the purchase of luxury homes to encourage the growth of the property business. Currently, the...

Jakarta Governor Revokes 13 Reclamation Island Permits

JAKARTA (TheInsiderStories) - Jakarta Governor Anies Baswedan finally fulfill his campaign promise. He decided to revoked the principal permits on 13 reclamation islands in the controversial Jakarta...