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)

News Comment

Today's Industry

Jamkrindo

Sabtu, 18 Agustus 2018 - 23:30 WIB

Thousands of People Enliven Jamkrindo Healthy Walk

Gorontalo - Thousands of people enliven the 5 kilometer healthy walk to commemorate the 73rd Anniversary of the Proclamation of Independence of the Republic of Indonesia held by Perum Jamkrindo…

Dirut BTN Maryono (Fot Rizki Meirino)

Sabtu, 18 Agustus 2018 - 23:00 WIB

The economy starts to stretch, Bank BTN is ready to expand in Bengkulu

Jakarta - PT Bank Tabungan Negara Tbk (BBTN) or Bank BTN is ready to expand in Bengkulu province as economic growth begins to wriggle in the area because the demand for subsidized housing loans…

Menteri PUPR Basuki Hadimuljono (Foto Ist)

Jumat, 17 Agustus 2018 - 22:39 WIB

Minister Basuki Ensures There Are No New Projects Except Dam

Minister of Public Works and Public Housing (PUPR) Basuki Hadimuljono said there were no new infrastructure projects undertaken by the Government in 2019 except for dam construction.

President Joko Widodo together with Minister of PUPR Basuki Hadimuljono check the work of Bocimi Toll

Jumat, 17 Agustus 2018 - 22:37 WIB

Infrastructure Development Grows a New Economic Center

Infrastructure development carried out by the government in various regions can foster new economic centers, said the Chancellor of the University of Jenderal Sudirman (Unsoed) Purwokerto Professor…

Presiden Joko Widodo (Foto: Ist)

Jumat, 17 Agustus 2018 - 22:36 WIB

2019, the Government will Prepare 905 Km of Toll Roads and 48 Dams

In addition to increasing the development of human resources, President Joko Widodo (Jokowi) said, the Government also continued infrastructure development.