PP Property Sell Three Tower Apartments Worth Rp2.1 Trillion
By : Abraham Sihombing And Aldi Firhand. A | Tuesday, May 15 2018 - 21:59 IWST
INDUSTRY.co.id - Jakarta - PT PP Property Tbk (PPRO), the leading property developer in Indonesia, currently owns three apartment towers in Surabaya, East Java, namely Grand Shamaya Tower 2, Grand Dharmahusada Tower 2 and Grand Sungkono Tower 4.
"Before the three towers are launched, all apartment units in the three apartment towers are sold out for Rp2.1 trillion," said Taufik Hidayat, President Director of PPRO, in Jakarta recently.
Taufik said, it is a proof of market confidence in PPRO products of high quality, strategic location and reliable delivery time.
A buy-sell agreement between the buyer and PPRO was made at the end of March 2018. The financial closing was signed on May 13, 2018.
"The process of selling bulk selling with strategic partners like this is one way to boost sales. Currently there are also some bulk selling transactions that are in the process, "said Taufik.
Taufik explained, this bulk selling transaction encourages the company's management to achieve this year's sales target of Rp3.8 trillion with a net profit of Rp528 billion.
"With the bulk selling, besides acceleration of sales also strengthens the cash flow while improving the balance sheet quality of the company," said Taufik. (Abraham Sihombing)
Read Also
2019 Ponemon Study on Automation and Cybersecurity Staffing in Asia…
Adhi Commuter Property Working on the LRT Market
The Concrete and Construction Industry Exhibition in Southeast Asia…
Moving Property Industry, Waskita Karya Realty Explores Bali
Collaborate with Dozens of Famous Developers, 2018 National Property…
Today's Industry

Minggu, 19 Mei 2019 - 14:58 WIB
Bentley Systems Announces the Availability of OpenBuildings Station Designer
Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, today…

Selasa, 16 April 2019 - 10:57 WIB
Hypertherm Unveils New Home for Cam Software Content
Hypertherm unveils new home for CAM software content HANOVER, N.H. — April 16, 2019 — Hypertherm, a U.S. based manufacturer of industrial cutting systems and software, is unveiling a brand-new…

Kamis, 11 April 2019 - 12:44 WIB
ETIHAD AIRWAYS TO INTRODUCE BOEING 787 ON SERVICES TO KUALA LUMPUR AND BRUSSELS
ETIHAD AIRWAYS TO INTRODUCE BOEING 787 ON SERVICES TO KUALA LUMPUR AND BRUSSELS

Kamis, 11 April 2019 - 12:34 WIB
Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions
Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions

Kamis, 11 Oktober 2018 - 12:36 WIB
Women Activists Criticize GRAB Indonesia on Victims Harassment Mediation
A number of women activists express their anger and regret at the GRAB Indonesia. The Malaysian applicator response to bring together between a driver partner who is allegedly harassed his passengers…
News Comment