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

Toshiba: TLP3476S, a small photorelay that helps shorten test time for semiconductor testers. (Graphic: Business Wire)

Senin, 29 Mei 2023 - 17:15 WIB

Toshiba Releases Small Photorelay with High Speed Turn-On Time that Helps Shorten Test Time for Semiconductor Testers

Toshiba Electronic Devices & Storage Corporation ("Toshiba") has launched "TLP3476S," a photorelay in the S-VSON4T package that cuts turn-on time to half that of Toshiba’s current product,…

Toshiba: TLP3476S, a small photorelay that helps shorten test time for semiconductor testers. (Graphic: Business Wire)

Senin, 29 Mei 2023 - 17:15 WIB

Toshiba Releases Small Photorelay with High Speed Turn-On Time that Helps Shorten Test Time for Semiconductor Testers

Toshiba Electronic Devices & Storage Corporation ("Toshiba") has launched "TLP3476S," a photorelay in the S-VSON4T package that cuts turn-on time to half that of Toshiba’s current product,…

Kioxia’s EXCERIA PLUS G3 Series Consumer SSDs Deliver PCIe® 4.0 Performance (Photo: Business Wire)

Senin, 29 Mei 2023 - 15:45 WIB

Kioxia to Showcase New Consumer SSDs Delivering PCIe® 4.0 Performance at COMPUTEX

Kioxia Corporation, a world leader in memory solutions, today announced new consumer SSDs scheduled to be released in the third quarter of 2023.

New energy electric vehicles in Gangbei District are attracting a large number of Lao exhibitors.

Senin, 29 Mei 2023 - 14:35 WIB

New Energy Electric Vehicles in Gangbei District of Guigang City Enters the ASEAN "Blue Ocean" Market

Recently, Guangxi Guigang Fushuai Electric Vehicle Co., Ltd. and PT. DFU INTERNATIONAL INDONESIA signed the first batch of directional purchase contracts for 20,000 new energy electric vehicles…

Uli Silalahi, the President Director of Big Bad Wolf Indonesia, is in The International Book Bazaar 2023

Sabtu, 27 Mei 2023 - 03:53 WIB

BBW Jakarta 2023 Presents New Collection of Books, Experiences and Collaborations

The International Book Bazaar “Big Bad Wolf Books” (BBW) now presents all-new books and exciting experiences with the theme #BACAITUKEREN. BBW Jakarta 2023 meets reading lovers on May 26…