Property, Real Estate, and Building Construction Sectors Contribute to 14.63% of Indonesia’s GDP in 2022: Study

As one of the fastest-growing economies in Southeast Asia, Indonesia has been experiencing significant growth in its real estate and property sector. In fact, it’s been reported that real estate and property contribute to 14.63% of Indonesia’s GDP. This is a major indicator of the country’s consumer and investor confidence, as well as its ability … Read more

Evergrande as a ticking debt bomb for the Chinese economy

For decades, China’s Evergrande Group has been a symbol of the fast-growing Asian economy. The growing income in the country has become an engine of the real estate sector. And he, in turn, turned Evergrande into a real giant, and its founder Su Diain into a billionaire. But as the Chinese government began tightening housing … Read more

Duta Putra offers a flexible concept house, a place to live and work at the same time

JAKARTA, KOMPAS.com – Duta Putra Land through Grand Duta City launched The East Manhattan starting at Rp. 800 million. At level 1 of marketing cluster Of this, the developer offers 100 housing units out of a total of 351 units above land an area of ​​4.9 hectares. The launch of The East Manhattan is a … Read more

Once again, the expert said, it’s time to buy all page properties

JAKARTA, KOMPAS.com – Government bear Value Added Tax (VAT) on site house and apartments (flat) for six months, from March to August 2021. Property all of which are Government-borne VAT (DTP) are landed houses and flat with a maximum selling price of IDR 2 billion. Meanwhile, for houses with prices above Rp. 2 billion to … Read more

John Riady Consider the Covid-19 Pandemic a Blessing for Lippo

JAKARTA, KOMPAS.com – Pandemic Covid-19 has hit all sectors of the Indonesian economy, including property. In fact, CEO PT Lippo Karawaci Tbk John Riads said, the Covid-19 Pandemic was the toughest moment for its business continuity. The heaviest moment he felt in the first three months since the virus came to Indonesia, namely March-May 2020. … Read more

400 Houses Sold at the SMF Griya Expo 2020

JAKARTA, KOMPAS.com – PT Sarana Multigriya Finansial (Persero) or SMF recorded, as many as 400 units House sell well in exhibition property virtual titled ” SMF Griya Expo 2020“. Activities property exhibition The virtual period lasts for one month, namely, 15 October to 15 November 2020. This event has also reached visits of more than … Read more

Even though PSBB is transitioning, economic recession keeps malls quiet

JAKARTA, KOMPAS.com – Governor of DKI Jakarta Anies Baswedan has changed the status of Phase II or Large-Scale Social Restrictions (PSBB) PSBB Tightening Becomes Transitional PSBB. The PSBB for this transitional period will last for two weeks, starting Monday (12/10/2020) to Sunday (25/10/2020). Even though the restrictions were relaxed, it did not immediately restore traffic … Read more

Bankruptcy developers, consumers become the most disadvantaged party

JAKARTA, KOMPAS.com – The Covid-19 pandemic has hit the sector property so hard as to cause some developer ran into financial difficulties and filed a lawsuit bankrupt. However, the steps of a developer who goes bankrupt or is sued for bankruptcy actually harm property buyers or consumers. They are the first to suffer the most … Read more

REI urges the government to lower property taxes

JAKARTA, KOMPAS.com – Property is one of the sectors most affected by the Covid-19 Pandemic, following the slowdown that occurred in the last three years due to the global economic crisis. Therefore, it takes various efforts and stimuli to generate property sector in order to recover and become the locomotive of the National economy. As … Read more

SMF Distributes Rp. 500 Billion Sharia KPR to Bank DKI

JAKARTA, KOMPAS.com – PT Sarana Multigriya Finansial (Persero) or SMF distribute Sharia Housing Loan (KPR) or KPR iB amounting to Rp. 500 billion to PT Bank DKI. Sharia KPR using the schematic replacement financing with the contract of Mudharabah Muqayyadah. This loan is part of the synergy between SMF and Bank DKI in accelerating the … Read more