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PT Sri Pertiwi Sejati (SPS) launched Cikarang International City (Cinity) as a residential and commercial center in Cikarang, West Java. The property built in this industrial area has an area of 500 hectares and the initial development is around 50 hectares with 70 hectares of green area. Cinity CEO Ming Liang said the total investment value spent for the first phase was around IDR 20 trillion with investment in 2023 of IDR 3 trillion.

The government has planned to build MRT Phase 3 which stretches from Balaraja in Banten to Cikarang in Bakasi, West Java. The sector that benefits most from infrastructure development is of course property. Secretary General of Real Estate Indonesia (REI) Hari Ganie revealed that developers will also try to increase property prices in eastern areas such as Cikarang to Karawang as in western areas such as Serpong.

PT Kawasan Industri Jababeka Tbk will launch the 'silicon valley' digital area project in Cikarang, Bekasi. It is planned that the initial stage of development will be launched at the end of this month. "On the 29th of this month it will be launched like this but there is already a specific product, near President University," said Main Director of Jababeka Infrastruktur, Tjahjadi Rahardja, at the 'Road to Jababeka Silicon Valley.

The property market in Jakarta's East Corridor is increasing in line with the resumption of national infrastructure projects in this area. Jababeka, as one of the well-known developers in this area, is experiencing this positive dynamic. A number of housing projects and commercial areas have been well absorbed in the Jababeka area.

Indonesia is predicted to have the largest electric vehicle battery factory in Southeast Asia. The factory itself is planned to be built in the Karawang area, West Java. Director of Indonesia Battery Corporation (IBC) Toto Nugroho explained that the factory was the result of collaboration with a consortium from South Korea, LG Energy Solution and Hyundai Motor Group. The factory is planned to start its first production in 2024.

Karawang will have an international class luxury outlet mall in 2023. The mall, entitled The Grand Outlet-East Jakarta, is planned to be built in the second quarter of 2022 with an investment value of 90 million Singapore dollars or IDR 953 billion. From the construction schedule, The Grand Outlet-East Jakarta is expected to open in the fourth quarter of 2023. The Grand Outlet-East Jakarta, which was built on 9 hectares of land, is planned to become a world-class shopping destination.

PT Sri Pertiwi Sejati (SPS) has invested a jumbo investment of IDR 20 trillion in Cikarang to develop the new independent city of Cinity. Cinity CEO Ming Liang explained that the project was built on a total area of 500 ha. However, in the initial stages of development it will first be developed by 50 ha. "With a total investment value of IDR 20 trillion, Cinity will be built into an area separate from the industrial city, so that it can be 100 percent township," he said at the launch of Cinity, Wednesday (1/2/2023).

PT Lippo Cikarang Tbk (LPCK) recorded pre-sales of IDR 628 billion in the first semester of 2023, an increase of one percent compared to results in the first semester of 2022. This amount reached 45.7 percent of the 2023 target of IDR 1.38 trillion. The company reported total revenue of IDR 420 billion in the second quarter of 2023. This achievement increased 166 percent from the first quarter, bringing total revenue to IDR 578 billion.

The Regional Planning and Development Agency (Bappeda) of Karawang Regency, West Java, stated that five national strategic projects will be built in the Karawang area over the next few years. "For the sake of this project, Karawang must prepare space," said the Head of the local Bappeda, Eka Sanatha, on the sidelines of the Seminar on the Results of the Review and Revision of the Karawang RTRW Regional Regulation, in Karawang, Thursday (28/12/2017).

The company producing and supplying Power Transformer products, PT Elsewedy Electric Indonesia (Elsewedy) is officially collaborating with PT Perusahaan Perusahaan Perusahaan PerusahaanELerang Negara (Persero) or PLN regarding the 150kV High Level Consumer Data Center (KTT Data Center) substation work project in the Greenland International Industrial Center industrial area (GICC), Kota Deltamas, Cikarang.

The construction of the National Data Center (PDN) in the Greenland International Industrial Center Deltamas area, Cikarang, Bekasi Regency, West Java Province, is requested to be completed on time as planned. "The success and success of this development will encourage electronic-based government infrastructure. This must be maintained," said the Minister of Communication and Information (Menkominfo), Johnny G. Plate, during a surprise inspection of the PDN construction site, Cikarang.

THE political year is no longer scary for property businesses. Previously, business actors tended to reduce the tension of business activities ahead of the democratic party due to political and security considerations, but instead expanded their business. Because business actors, especially property developers, are optimistic that the 2024 general election which will be held in February 2024 will be peaceful and will not have a significant impact on demand for houses in the middle segment which is currently high.