3rd Quarter of 2017, PT PP Property Projected Sales Up 60 Percent
By : Hariyanto And Aldi Firhand. A | Monday, October 16 2017 - 22:10 IWST
![PT PP](https://eagle.industry.co.id/uploads/berita/detail/867.jpg)
PT PP
INDUSTRY.co.id - Jakarta - PTPP Properties Tbk projected to pocket sales in the third quarter of 2017 amounting to Rp2, 33 trillion, up 60% compared with the same quarter 2016.
Director of PPRO Taufik Hidayat said that the achievement plan will boost net income which is predicted up to the third quarter of this year amounting to Rp275 billion.
"The company is optimistic that this year's target will be achieved in which each of the Company's products starting from Hotel and Residential will contribute to the achievement of PPRO performance," Taufik said in a press release on Monday (16/10/2017).
He added that this year's performance will close with the achievement of profit projected to Rp425 billion-435 billion. At the end of the year, PPRO will launch several products including Weston View Apartments in Surabaya, Louvia Student Apartment in Jatinangor Bandung and soft opening Mall Lagoon Avenue Bekasi.
In addition, in the near future will be groundbreaking in several projects, such as Grand Shamaya in Surabaya, Begawan Apartments in Malang, Tower Victoria and Tower Isabela in GKL Bekasi, continue Tower 2 at Amartha View, Tower 2 & 3 The Alton Apartments in Semarang.
On October 10, PPRO together with the Parent Company PT PP (Persero) Tbk conducted groundbreaking TOD concept development in Juanda Station and Tanah Abang Station.
"We are trusted to develop these two areas, TOD Juanda will build 2 towers of 627 units on a land area of 5903 square meters" he continued.
With regard to the growth of the Company's landbank since the rights issue proceeds, to date the number of land banks has increased to approximately 100 hectares and is expected to be 200 hectares by the end of this year.
In acquiring the landbank, the Company applies the Risk Management principle and conducts a feasibility study study involving professional consultants so that the acquired landbank is believed to provide optimal results for the development of the property business.
"With the increase of land bank this year, the number of project sites that will be ready to be developed in 2018 will be 26 sites from 14 sites this year, because next year, PPRO will focus our production on our existing land bank," he explained.
Read Also
Optimistic of Warehouse Business Outlook, VAST Acquires Warehouse…
Not to Be Missed: New Museum to Open Dec. 22 in Taiwan’s Cultural…
Real estate exemplars succeed at the 18th PropertyGuru Asia Property…
PT Patra Jasa: A Giant In The Making
Opening of the 2023 Mall to Mall Exhibition at Trans Studio Mall,…
Today's Industry
![Totolink outlet. (Photo: Public Relation of Totolink)](https://eagle.industry.co.id/uploads/berita/small/5782.jpg)
Kamis, 11 Juli 2024 - 22:08 WIB
Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia
Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.
![The President Commissioner of Bersama Digital Data Centres (BDDC), Setyanto Hantoro (fourth right) and The President Director of BDDC, Angelo Syailendra (third right) during the BDDC JST1 Inauguration Ceremony in Jakarta on Wednesday (10/07/2024).](https://eagle.industry.co.id/uploads/berita/small/5781.jpg)
Kamis, 11 Juli 2024 - 19:03 WIB
BDDC Inaugurates JST1 TIER IV Data Centre in Jakarta to Strengthen Digital Infrastructure
Bersama Digital Data Centres (BDDC), an in-town data centre provider with interconnectivity and integrated digital systems, inaugurated its 5 MW Tier IV data centre facility, JST1 (Jakarta Selatan…
![The Board of Directors of PTT Global Chemical (GC) pose for a group photo after receiving the prestigious SNI (Indonesian National Standard) certification for its InnoPlus Polyethylene resin. (Photo: GC Public Relations)](https://eagle.industry.co.id/uploads/berita/small/5780.jpg)
Kamis, 27 Juni 2024 - 15:30 WIB
Global Chemical Achieves Prestigious SNI Certification for InnoPlus Polyethylene Resin
PTT Global Chemical (GC) is proud to announce its successful attainment of the prestigious SNI (Indonesian National Standard) certification for its InnoPlus Polyethylene resin.
![Financial Literacy](https://eagle.industry.co.id/uploads/berita/small/5779.png)
Rabu, 26 Juni 2024 - 22:47 WIB
The Importance of Financial Literacy
Financial literacy refers to the ability to understand and use various financial skills effectively, including personal financial management, budgeting, and investing.
![Unveiling New Opportunities](https://eagle.industry.co.id/uploads/berita/small/5778.png)
Rabu, 26 Juni 2024 - 14:52 WIB
Unveiling New Opportunities
As we step into 2024, the cryptocurrency landscape continues to evolve, presenting unprecedented opportunities for investors, developers, and enthusiasts.
News Comment