10:57 am November 17, 2014 | No Comment
Property developer Alam Sutera Realty plans to set aside as much as Rp 2.2 trillion ($180 million) for next year’s capital expenditure, an amount that is almost 50 percent more than this year’s spending, for land purchases and construction.
8:45 am November 14, 2014 | No Comment
As Indonesia’s social landscape changes with women entering the workplace in ever increasing numbers, the country will have to find new ways of taking care of its senior citizens, who have traditionally lived within the extended family.
3:55 pm November 13, 2014 | No Comment
Publicly traded traditional cosmetics company Mustika Ratu is set to branch out into the property industry next year, setting aside as much as Rp 500 billion ($41 million) to build apartments, warehouses and commercial and residential space over a 11-hectare land in Bekasi, West Java.
8:50 pm November 11, 2014 | No Comment
The growth of Indonesia’s residential property prices slowed in the third quarter this year, reflecting slowing demand in line with slowing economic growth, according to Bank Indonesia’s latest survey.
9:54 am November 11, 2014 | No Comment
Sydney’s median asking price for detached houses topped A$1 million ($864,300) this week for the first time as sellers raised expectations in a booming market.
2:05 pm November 10, 2014 | No Comment
Pembangunan Jaya Ancol, a property developer that’s primarily owned by the Jakarta province, is mulling the development of a 200-hectare mixed-use property project in Bali.
7:00 am November 10, 2014 | No Comment
Lippo Karawaci, the largest listed property developer in Indonesia, sold some 90 percent of its Eastern Wing Embarcadero Suites Bintaro apartment units during its launch on Saturday.
10:47 am November 6, 2014 | No Comment
Sentosa, where Australia’s richest woman, Gina Rinehart, and telecommunications billionaire Bhupendra Kumar Modi have homes, is losing its appeal. Taxes as high as 18 percent on foreigners purchasing property introduced in 2013 have depressed prices and sales.
3:57 pm October 31, 2014 | No Comment
Ciputra Property, a unit of Indonesia’s property giant Ciputra Development, reported profit dropped by more than a third in the first nine months of this year, dragged down by financial expenses.