Summarecon to develop a new township in the Greater Jakarta Area
SMRA is planning to develop a new township in the Greater Jakarta area this year where the exact location is still undisclosed. The Indonesia Market Summaries predict that the new township will have an area of 200-300ha and targets middle to upper class segment. (
Bisnis Indonesia)
Alam Sutera increases their CAPEX allocation by Rp2.5tn
ASRI announced that they are increasing their CAPEX allocation to Rp3.2tn which increases by Rp2.5tn, which they will use for land acquisition and project developments. (
Investor Daily)
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