Jababeka Ready to Increase Sales of Industrial Zones and Develop Kendal Industrial Area

By : Hariyanto, Aldo Bella Putra | Wednesday, July 19 2017 - 11:31 IWST

Kendal Industrial Park
Kendal Industrial Park

INDUSTRY.co.id - Jakarta, PT Kawasan Industri Jababeka Tbk is ready to increase the sale of industrial estate land next year and focus on developing Kendal Industrial Area, whose sales are quite satisfactory this year.

The company with the code of the KIJA issuer has sold the Kendal Industrial Estate this year above the expected target at the beginning of the year, so Jababeka's managers believe the business prospects in 2017 will be better.

Regarding the plan to increase land reserves (landbank), Jababeka management prepares to expand the savings of land in the area Kendal. Currently KIJA focus on freeing land in the first phase, which is an area of ​​860 hectares (ha).

As for the land that has been released, currently in the 700-hectare figure. In addition to Kendal, KIJA glanced at several areas to increase their land bank, such as Cikarang.

Throughout this year, the company has allocated a capital expenditure of Rp600 billion and a business plan next year; the company will direct its clients to Cikarang area if the client profile is a complete industry and has a need for access to the capital.

Then Kendal will be offered to industry players with different business specifications with clients' profile in Cikarang. KIJA's optimism is not without foundation.

Better economic prospects and infrastructure policy packages offered by the government will support the development of the industrial estate business. Moreover, the government is preparing a package of economic policies volume 15, which among others concerning improvements to Indonesia's logistics.

Meanwhile, Bahana Securities analyst, Sanni Satrio Dwi Utomo, said that the company targets to book pre-sales of Rp 1.4 trillion this year.

"We are projecting a bit conservative from management of Rp1.2 trillion for pre-sales," Sanni said.

Even so, Sanni assessed the positive achievement of KIJA pre sales this year, supported by demand for industrial land in Kendal. Throughout the six months, the first month of this year also the industrial area of ​​Kendal contributed about Rp60 billion to pre-sales achievements or has met 24% of the full year target of Rp252 billion.

"The pre-sale is supported by the transaction of its partner, Sembcorp Development Ltd. The industrial area of ​​Kendal has been sold to the food and beverages, furniture and sports goods industry," he said.

News Comment

Today's Industry

Gibu Mathew, Vice President and General Manager in Asia-Pacific (APAC) in Zoho Corp. (special)

Rabu, 30 November 2022 - 11:22 WIB

How to Make SaaS Work for Small and Medium-Sized Businesses

Southeast Asia's digital transformation has been impressive as the region is now poised to reach a projected digital economy worth USD360 billion by 2025. With digitalisation, the region bore…

PT Dharma Polimetal ("Dharma Group") Triputra Group automotive component manufacturing company.

Senin, 28 November 2022 - 12:15 WIB

DRMA Remains Optimistic 2023 Automotive Still Rises, Targets Sales Up 20%

PT Dharma Polimetal Tbk (“DRMA”), a listed company engaged in automotive component manufacturing business sees the prospects for the automotive business in 2023 will still remain promising.…

Alvara Research

Sabtu, 26 November 2022 - 06:20 WIB

Turnover Rises High, Culinary MSMEs No Problem Paying OFD Platform Commissions

Online food delivery (OFD) services have accelerated the growth of food and beverage (F&B) MSMEs in Indonesia by 1.9 times faster compared to offline sales. OFD platforms enable MSMEs to have…

KB Bukopin Building. (Photo: Kompas.com)

Kamis, 24 November 2022 - 20:43 WIB

Shares Price Falling, Deficit IDR 6.99 Trillion, KB Bukopin Investors Not to Expect Dividends

The shareholders hope of issuers listed on the Indonesia Stock Exchange is of course to produce investment results in the form of capital gains and dividends obtained from the positive performance…

A Health exhibition of Banten Province on November 3-5, 2022 at ICE BSD, South Tangerang, Banten. (Photo: Banten Province PR)

Jumat, 18 November 2022 - 16:14 WIB

Premier Bintaro Hospital Assigned as Banten Medical Tourism Hospital

Banten Province hosted the 58th National Health Day by holding a health exhibition on November 3-5, 2022 at the Indonesia Convention Exhibition (ICE) BSD, South Tangerang, Banten.