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Indonesia’s Lippo Karawaci Pocketing Sales US$90M in 1Q 2021

JAKARTA (TheInsiderStories) - Publicly listed firm, PT Lippo Karawaci Tbk (IDX: LPKR) reported has pocketed marketing sales Rp1.31 trillion (US$90.34 million) during the first quarter...

Indonesia’s Duta Pertiwi Buys Property Asset for US$20M

JAKARTA (TheInsiderStories) - Publicly listed firm, PT Duta Pertiwi Tbk (IDX: DUTI), a subsidiary of PT Bumi Serpong Damai Tbk (BSDE), acquired PT Itomas Kembangan Perdana...

Indonesia’s Ciputra Development Refinances Debt US$112M

JAKARTA (TheInsiderStories) - The developer, PT Ciputra Development Tbk (IDX: CTRA) had completed the debt refinancing of global bond S$150 million (US$111.94 million) due in September...

Indonesia Gives Stimulus for Property and Automotive Sectors

JAKARTA (TheInsiderStories) - Starting today, a zero percent down payment for landed house, flat, shop, and office together with automotive sectors is officially valid after Bank...

Moody’s: Indonesian Property Developers’s Cash Flow to Improve

JAKARTA (TheInsiderStories) - Moody's Investors Service says that demand recovery will be uneven across Indonesian property segments, although cash flow is expected to broadly improve from...

Sinarmas Land Acquires Three Indonesian Property Companies

JAKARTA (TheInsiderStories) - Sinarmas Land Ltd., a Singapore-based investment firm under Sinar Mas Group, has acquired three property companies in Indonesia worth Rp347.76 billion (US$24.84 million),...

Indonesia’s Summarecon Potentials to Raise US$195M from Rights Issue

JAKARTA (TheInsiderStories) - The real estate company, PT Summarecon Agung Tbk (IDX: SMRA) has potential to reap Rp2.76 trillion (US$195.74 million) from the rights issue program, the...

Indonesia’s Modernland Delays Bond Interest Payment

JAKARTA (TheInsiderStories) -  The developer of Jakarta Garden City, PT Modernland Realty Tbk (IDX: MDLN), has proposed to postpone the interest payment of its two global...

Indonesia’s Intiland Development to Divests Non-Core Assets

JAKARTA (TheInsiderStories) - The developer, PT Intiland Development Tbk (IDX: DILD) plans to divesting its non-core assets with total values of Rp5 trillion (US$357 million) to...

Indonesia’s Ciputra Development Offers Notes US$75M

JAKARTA (TheInsiderStories) - The real estate firm, PT Ciputra Development Tbk (IDX: CTRA) offered a global Medium Term Notes (MTN) with total amount S$100 million...

Indonesia’s Lippo Karawaci Eyes Marketing Sales US$250M

JAKARTA (TheInsiderStories) - The property developer, PT Lippo Karawaci Tbk (IDX: LPKR) set the marketing sales Rp3.5 trillion (US$250 million) after achieved Rp2.67 trillion in 2020,...

Indonesia’s Ciputra Will Refinancing Global Bonds with MTN

JAKARTA (TheInsiderStories) - The property business holding, PT Ciputra Development Tbk (IDX: CTRA), plans to conduct a tender offer of its global bonds up to...

Indonesia’s Hutama Karya Acquires Property Firm for US$157M 

JAKARTA (TheInsiderStories) - State firm, PT Hutama Karya, has acquired 55 percent shares a local investment and property developer, PT Cempaka Surya Kencana for Rp2.2 trillion...

Indonesia’s Agung Podomoro Sell Assets for US$144M

JAKARTA (TheInsiderStories) - Indonesian developer, PT Agung Podomoro Land Tbk (IDX: APLN) sold Central Park in Central Jakarta and land in Karawang, West Java, to PT...

Indonesia’s Agung Podomoro to Pay Off Debt US$129M

JAKARTA (TheInsiderStories) - Publicly listed company, PT Agung Podomoro Land Tbk (IDX: APLN) plans to repay the company' debts amounting to S$172.8 million (US$128.95 million,...

Indonesia’s Pakuwon Buys Duniatex Assets for US$96M

JAKARTA (TheInsiderStories) - The developer, PT Pakuwon Jati Tbk (IDX: PWON), through its subsidiary, PT Pakuwon Permai, purchased three property assets owned by Duniatex Group with...

Indonesia’s Puradelta to Distributes Interim Dividends US$86M

JAKARTA (TheInsiderStories) - The real estate company owned by Sinarmas Group, PT Puradelta Lestari Tbk (IDX: DMAS), announced to distribute interim dividends with total amount Rp1.20...

Asia Pacific Property Investment Rises 35% in Third Quarter

JAKARTA (TheInsiderStories) - The value of direct investment in property sector around Asia Pacific reached US$35 billion in third quarter of 2020 or increased by 35...

Japan’s JOIN, Sinarmas Land Set Up JV for Infrastructure Projects

JAKARTA (TheInsiderStories) - Developer owned by Widjaja family, Sinarmas Land Ltd., joined wit Japan Overseas Infrastructure Investment Co., (JOIN) formed a joint venture company (JVC), JOIN...

Indonesia’s Alam Sutera Reached a Deal with Bondholders

JAKARTA (TheInsiderStories) - Singapore-based Alam Synergy Pte. Ltd., unit of PT Alam Sutera Realty Tbk (IDX: ASRI), completed the issuance of global bonds totaling US$422.4...

Pollux Acquires 49.9% Share of Singapore’s Stirling Fort Capital

JAKARTA (TheInsiderStories) - Pollux Properties Ltd., the holding company of PT Pollux Properti Indonesia Tbk (IDX: POLL) has controlled Stirling Fort Capital Pte. Ltd.,...

Moody’s Downgrades Alam Sutera’s Rating to Caa3

JAKARTA (TheInsiderStories) - Moody's Investors Service has placed on review for downgrade the Caa1 corporate family rating (CFR) of PT Alam Sutera Realty Tbk (IDX: ASRI). The agency has...

After Sold Indonesian Assets, Tahir Sell ABI Plaza for US$146M

JAKARTA (TheInsiderStories) - Real estate investment firm MYP Ltd., controlled by Indonesian tycoon and billionaire Dato' Sri Tahir, announced  to sell ABI Plaza in Tanjong Pagar,...

Surya Semesta Offers Subang Industrial Land for Foreign Companies

JAKARTA (TheInsiderStories) - The property developer, PT Surya Semesta Internusa Tbk (IDX: SSIA) will launches an industrial areas in Subang, West Java, in the fourth quarter...

Coronavirus-led Economic Shock Hurts Demand Across Indonesia’s Property Sector

JAKARTA (TheInsiderStories) - Moody's Investors Service says that the pandemic-led consumption shock will drive economic contraction and hurt demand across all segments of Indonesia' property sector...

TPG, KKR Invests US$220M in Singapore’s PropertyGuru

JAKARTA (TheInsiderStories) - PropertyGuru Group, Southeast Asia’ property technology firm, announced that it has received an additional investment of S$300 million (US$220.59 million) in recent...

Indonesia’s Alam Sutera Ready to Enter Global Market Bond

JAKARTA (TheInsiderStories) - Indonesian developer, PT Alam Sutera Realty Tbk (IDX: ASRI) set the price of global bond issuances with total amount of US$485 million a...

Indonesia’s Summarecon Prepares US$89M to Repay Bonds

JAKARTA (TheInsiderStories) - Indonesian property issuer, PT Summarecon Agung Tbk (IDX: SMRA) prepared funds Rp1.8 trillion (US$89.65 million) to pay off maturing bonds in this year....

Indonesia’s PP is Working on a Dam Projects worth of US$53M

JAKARTA (TheInsiderStories) - State run property and construction firm, PT PP Tbk (IDX: PTPP) started the construction of the Tamblang Dam project in Buleleng, Bali, with...

Residential Propety Prices are Predicted Getting Slower in 3Q

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) estimated the residential property prices getting slower until September of 2020. This was indicated by the estimated growth...
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