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Monday, March 20, 2017       09:54 WIB
PremierInsight: State administrative court (PTUN Jakarta) has revoked three licenses of Jakarta reclamation islands

Property sector: State administrative court (PTUN Jakarta) has revoked three licenses of Jakarta reclamation islands, namely: island F, I and K. The repeal will result in halt of developer’s activities on those following islands. (BBC)

Comment: The mentioned island (F, I and K) belongs to Pembangunan Jaya Ancol and Jakarta Propertindo (JakPro), therefore might have limited impact for APLN [222 2 (+0,9%)]. However, there is growing uncertainty that island G might face similar fate. Reiterate Hold.

 

 

Sumber : IPS RESEARCH


 





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