From vibrant hub to silent shell. Bali’s “Russian Village,” Parq Ubud, has been forced to close its doors following allegations of illegal land use. In a move highlighting the seriousness of this situation, the Gianyar Local Government shut down the accommodation for the second time on January 20, 2025, and arrested its director on illegal…
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Spatial planning regulation in Bali plays a crucial role in maintaining the island’s unique environment and cultural heritage. Recently, the Police Chief addressed significant concerns regarding compliance with these regulations, particularly in light of the controversial case involving PT. Parq Ubud Partners. This case highlights the urgent need for developers to adhere to zoning laws,…
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The Indonesia green building certification is driving significant change in sustainability efforts. As environmental concerns grow, businesses increasingly focus on reducing their carbon footprints. This certification promotes energy-efficient and eco-friendly construction, aligning with global sustainability standards. By adopting green building practices, companies can meet Environmental, Social, and Governance (ESG) goals while improving operational efficiency. In…
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Foreign housing investment plays a crucial role in driving Indonesia’s ambitious housing initiatives. With President Prabowo Subianto’s goal to construct 3 million homes annually, foreign investors have stepped in as valuable partners. Their contributions not only address the housing shortage but also stimulate economic growth. Countries like China, Qatar, and the UAE have shown interest,…
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The Indonesia construction market faces a critical year in 2025, as it navigates through a period of global economic uncertainty as well as domestic challenges. Despite rising material costs and labor shortages, the market’s growth is still projected at 5.48%. according to Cahyono Siswanto, National Research Manager at BCI Central. Speaking at the BCI Breakfast…
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The Asia-Pacific property market is forecasted to experience a significant rebound in 2025.According to the 2025 Global Investor Outlook report released by Colliers, investor confidence in the commercial real estate market is on the rise. Following two years of stalled transactions, the market is projected to recover as inflation subsides, interest rates decline, and global…
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The Indonesian government has announced a waiver of the Building Construction Permit (PBG) for low-income housing. This waived building permit fee policy will be implemented nationwide, easing financial burdens on qualifying homeowners once the official government circular is issued. What Does the Building Approval Levy Waiver Mean? Indonesia’s Minister of Home Affairs, Tito Karnavian, confirmed…
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Indonesia’s economic growth in the third quarter of 2024 slowed to just 4.95 percent, falling below the 5 percent mark. This slowdown is primarily attributed to a decline in consumer spending, a key driver of economic growth. However, there is a silver lining as the government has introduced measures to stimulate consumption. One such measure…
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Commercial real estate investment in the Asia-Pacific region saw a 28% year-over-year (YoY) increase in Q3 2024, reaching USD 38.8 billion (equivalent to approximately IDR 609.83 trillion at an exchange rate of IDR 15,717). This represents the highest quarterly investment volume since the 2022 rate-hike cycle and marks four consecutive quarters of growth in the…
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Indonesia’s property sector continues to flourish, particularly in the Greater Jakarta areas of Bekasi and Jababeka. As transportation facilities connecting the Jabodetabek region improve, both residential and commercial property developments are surging in demand. Developers are capitalizing on this growth to meet the needs of both direct consumers and investors, with expectations for robust…
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