Upcoming 10 Years, Three Countries This Is The Focus Of Ciputra Group

By : Ahmad Fadli And Aldi Firhand. A | Saturday, December 02 2017 - 17:22 IWST

PT Ciputra Residence performs a Topping Off procession or closes the construction of Tower A and B CitraLake Suites apartments
PT Ciputra Residence performs a Topping Off procession or closes the construction of Tower A and B CitraLake Suites apartments

INDUSTRY.co.id - Jakarta - Ciputra Group is focusing on developing property projects in three countries, namely Vietnam, Cambodia and China. The property project for the next 10 years will include the 300-hectare Hanoi city of 300 hectares in Vietnam, 260 hectares in Phnom Penh, Cambodia and 300 hectares in Shenyang, China.

Managing Director of Ciputra Group, Budiarsa Sastrawinata, said that the selling rate of the three foreign projects of Ciputra is quite good. However, the company does not yet have plans for expansion into new territory.

All three projects still require a long development time. "We also have not found a new opportunity other than in the three countries," Budiarsa said as quoted from the press release on Friday (1/12/2017).

Ciputra handles overseas projects through a separate division under International City Development Pte Ltd (ICD). In a project in Hanoi that has been developed since 2003, Ciputra has also sold approximately 4 hectares of land to Lotte Shopping Mall last year to be developed as a commercial project.

Director of Ciputra Group, Agus Surja Widjaja, added that currently it is almost completed the construction of two apartment towers to be continued next year by building three apartment towers.

As for the property project in Cambodia, the company has built 1,000 units of treadmill from the overall plan of 4,000 units. For the commercial area, the company has also built a golf course that operated three years ago. Another project in Shenyang, China has also started since 2013 by building 200 home tread units

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…