PP Property Build an Independent City of 200 Hectares in Kertajati

By : Ahmad Fadli And Aldi Firhand. A | Monday, September 11 2017 - 22:16 IWST

kota Kertajati (Istimewa)
kota Kertajati (Istimewa)

INDUSTRY.co.id - Jakarta- PT PP Property Tbk (PPRO) is getting more expansive in the rest of the year. PPRO plans to acquire land in several locations. The largest, PPRO will acquire land in the Kertajati area of ​​200 hectares (ha).

Not without reason the subsidiary PT PP Tbk PT Kertajati choose. Indaryanto, Finance Director of PPRO, said that the land in Kertajati area is quite prospective, especially with the new airport development plan. "Later this region will become Aero City," said Indaryanto, last weekend.

Aero City will become an independent city with development up to 20 years to come. PPRO will hold a subsidiary of West Java International Airport.

However, Indaryanto has not been able to disclose the value of the investment that will be disbursed to acquire the land. What is clear, with the additional land before, PPRO will have a land bank of about 294 ha.

Indaryanto said, PPRO will do a lot of land expenditure for landbank in the second half of this year. The state-owned company has prepared funding to smooth the land expansion plan.

PPRO still has funding from the issuance of medium term notes and rights issue actions conducted some time ago. Because this year many add landbank, capital expenditure or capital expenditure (capex) PPRO in 2017 is greater than the projection of capex in the next few years.

PPRO plans capex over the next five years to reach Rp 10 trillion. The details, this year amounted to Rp 3 trillion, then Rp 1.5 trillion in 2018 and Rp 1.5 trillion for 2019. In 2020 and 2021, PPRO will budget capex of Rp 2 trillion and Rp 2 trillion respectively.

Until the end of August, PPRO posted pre-sales income or marketing sales of Rp 1.75 trillion. This pre-sale revenue comes mostly from sales at Grand Kamala Lagoon. That way, PPRO has reached 58% of the company's sales target this year, amounting to Rp 2.99 trillion.

News Comment

Today's Industry

Rashelia Pasca Dwiton - Student of MM Tech President University Batch 5

Sabtu, 06 Februari 2021 - 13:00 WIB

Cosmetics Product Development Effect on Marketing Strategy and Consumer Behaviour

They have changed the way they presented the ads, as well as the packaging of cosmetics product they launch.

Mechatronic Calotte Loader mWL.cs

Sabtu, 23 Januari 2021 - 17:50 WIB

Mechatronic Systemtechnik Unveils Proprietary Calotte Loader mWL.cs

A fully automated stand-alone system for transferring wafers between cassettes and calottes, the mWL.cs provides integrated device manufacturers (IDMs) an opportunity to increase yield and improve…

Synopsys Software

Rabu, 13 Januari 2021 - 18:40 WIB

Synopsys Recognised as a Leader in Static Application Security Testing by Independent Research Firm

Synopsys receives highest score among 12 SAST providers in current offering category.

Electro-Balancer (E-Balancer)

Rabu, 13 Januari 2021 - 16:00 WIB

ZASCHE Handling Rolls Out New Range of Electric Balancers

the E-Balancer is a versatile tool suited for a broad range of heavy-duty industrial applications.

Taylor Armerding, Software Security Expert at Synopsys Software Integrity Group (Photo by Linkedin)

Rabu, 13 Januari 2021 - 15:40 WIB

What is the Cost of Poor Software Quality in the U.S.?

And if you doubt its credibility, or that it applies to software, check out the latest report from the Consortium for Information & Software Quality (CISQ), in partnership with Synopsys, “The…