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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...

Fitch Downgrades Alam Sutera to ‘CCC-‘ on Heightened Refinancing Risks

JAKARTA (TheInsiderStories) - Fitch Ratings has downgraded property developer, PT Alam Sutera Realty Tbk' (IDX: ASRI) Long-Term Issuer Default Rating (IDR) to CCC- from B-. At...

Is Riyadi Family Collects Lippo Karawaci’s Shares Again?

JAKARTA (TheInsiderStories) - Indonesia Stock Exchange reported there are a crossing transactions on the shares of property developer, PT Lippo Karawaci Tbk (IDX: LPKR) since...

Indonesia’s Ciputra Offers New Shares to Strategic Investors

JAKARTA (TheInsiderStories) - Property developer, PT Ciputra Development Tbk (IDX: CTRA) plans to offer as many as 1.85 billion new shares with a private...

Ciputra Development Tawarkan Saham Baru ke Investor Strategis

JAKARTA (TheInsiderStories) - Pengembang properti, PT Ciputra Development Tbk (IDX: CTRA) berencana menawarkan saham baru sebanyak-banyaknya 1.85 miliar unit dengan skema private placement pada bulan...

COVID-19 Has Significant Impact on Property Investment in Asia Pacific

JAKARTA (TheInsiderStories) - The impact of the COVID-19 pandemic on the property market in the Asia Pacific was stronger in the second quarter of...

COVID-19 Beri Dampak Signifikan pada Investasi Properti di Asia Pasifik

JAKARTA (TheInsiderStories) - Dampak pandemi COVID-19 terhadap pasar properti di Asia Pasifik terasa lebih kuat pada kuartal kedua 2020 dibanding kuartal sebelumnya, menurut data terbaru JLL....

Indonesia’s Alam Sutera Seeks Fresh Fund US$485M to Pay Debt

JAKARTA (TheInsidersStories) - PT Alam Sutera Realty Tbk (IDX: ASRI) plans to release senior bonds with worth US$485 million, said the developer company today...

Alam Sutera Cari Dana Segar Dari Pasar Obligasi AS$485 Juta

JAKARTA (TheInsidersStories) - Perusahaan pengembang, PT Alam Sutera Realty Tbk (ASRI) berencana merilis surat utang senior  senilai AS$485 juta (Rp6.93 triliun) pada bulan depan. Dana...

Indonesia’s Lippo Karawaci Prepares US$148M for Expansion

JAKARTA (TheInsiderStories) - Property issuer, PT Lippo Karawaci Tbk (IDX: LPKR) has prepared funds of Rp2.12 trillion (US$148.25 million) for expansion in this year,...

Indonesia’s PTPP Halts Some Important Projects due to the Pandemic

JAKARTA (TheInsiderStories) - The state run developer, PT PP Tbk (IDX: PTPP), intends to stop a number of projects due to the COVID-19 pandemic...

PTPP Hentikan Sejumlah Proyek Karena Pandemi

JAKARTA (TheInsiderStories) - Perusahaan pengembang plat merah, PT PP Tbk (IDX: PTPP), berniat menghentikan sejumlah proyek akibat dari pandemi COVID-19 yang menghantam hampir seluruh...

Indonesia’s Modernland Bondholders Approves the Debt Restructuring

JAKARTA (TheInsiderStories) - Bondholders of PT Modernland Realty Tbk (IDX: MDLN) approved the debt restructuring of the Indonesian developer with a principal amount of...

Pemegang Obligasi Modernland Setujui Restrukturisasi Hutang

JAKARTA (TheInsiderStories) - Pemegang obligasi PT Modernland Realty Tbk (IDX: MDLN) menyetujui usulan restrukturisasi hutang perusahaan dengan jumlah pokok Rp150 miliar. Persetujuan didapatkan pada 14...

Indonesia’s Modernlan Shares Suspended, Ratings Decreased

JAKARTA (TheInsiderStories) - Shares of the developer company, PT Modernland Realty Tbk (IDX: MDLN) have been suspended by Indonesia Stock Exchange, said the bourse...

Saham Moderland Disuspensi, Peringkat Diturunkan

JAKARTA (TheInsiderStories) - Terancam gagal bayar hutang, saham perusahaan pengembang, PT Modernland Realty Tbk (IDX: MDLN) disuspensi oleh PT Bursa Efek Indonesia. Bersamaan, Moody's Investors Service juga...

Inviting New Investors, MNC Land Releases New Shares worth of US$63M

JAKARTA (TheInsiderStories) - Propery company owned by Indonesian tycoon, Hary Tanoesoedibjo, PT MNC Land Tbk (IDX: KPIG) plans to hold a private placement, by...

Undang Investor Baru, MNC Land Bidik Dana Rp895 Miliar

JAKARTA (TheInsiderStories) - Emiten properti milik taipan Hary Tanoesoedibjo, PT MNC Land Tbk (IDX: KPIG) berencana menggelar Penambahan Modal Tanpa Hak Memesan Efek Terlebih...

Indonesia’s Bumi Serpong Pocketing Funds US$88M from Private Placement

JAKARTA (TheInsiderStories) - Indonesian property developer, PT Bumi Serpong Damai Tbk (IDX: BSDE) pocketed fresh funds worth of Rp1.23 trillion (US$87.86 million) from the private placement,...

Lippo Malls to Pay Distribution for Perpetual Securities

JAKARTA (TheInsiderStories)  - The manager of Lippo Malls Indonesia Retail Trust (LMIRT) said it will pay the upcoming distribution for its S$120 million (US$86.33 million)...

Moody’s Downgrades Lippo Malls Indonesia Retail Trust to B1

JAKARTA (TheInsiderStories) - Moody's has downgraded the corporate family rating of Lippo Malls Indonesia Retail Trust (LMIRT) to B1 from Ba3 with outlook negative. In addition, Moody's...

Wijaya Karya Realty, Urban Jakarta Prepares US$645M to Develop TOD

JAKARTA (TheInsiderStories) - PT Wijaya Karya Realty (Wika Realty), unit of construction firm, PT Wijaya Karya Tbk (IDX: WIKA), and PT Urban Jakarta Propertindo Tbk (IDX:...

Indonesia’s Lippo Karawaci Sold First REIT for US$54.84M

JAKARTA (TheInsiderStories) - Public listed company, PT Lippo Karawaci Tbk (IDX: LPKR), announced that it has divested its non-core assets First REIT, it said on Thursday (04/16). Since...

Indonesian Property Developers Face Twin Pressures

JAKARTA (TheInsiderStories) - The sharp deprecation in the Indonesian Rupiah against the US Dollar will weaken the debt servicing ability of property developers, a credit negative,...

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...
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