Dubai Buy Three Tower Apartment PP Property in Surabaya

By : Ahmad Fadli And Aldi Firhand. A | Saturday, July 07 2018 - 21:35 IWST

Grand Shamaya 'Water Fall' Project PT PP Property (dok INDUSTRY.co.id)
Grand Shamaya 'Water Fall' Project PT PP Property (dok INDUSTRY.co.id)

INDUSTRY.co.id - Jakarta - Dubai-based investors are interested in buying three projects built by PT PP Property Tbk (PPRO in Surabaya), Grand Shamaya Grand Dharmahusada Lagoon and Grand Sungkono Lagoon.

This was conveyed by the President Director of PP Property Taufik Hidayat who said the purchase value of the three tower apartment projects reached Rp 2.1 trillion, in his press statement on Friday (6/7/2018). According to him, the purchase of three towers is evidence of market confidence, especially foreign investors to security and investment comfort in Surabaya.

President Director of PT Arvada Investasi, Nanang Supriadi, said it represents investors from Dubai on behalf of Budget Petroleum, calling this PP project very interesting and has more value.

"Especially from products that are almost the same as the high-rise building products in Dubai, as well as the security guarantee provided even before Surabaya was colored by unfavorable events, but the recovery was quite fast," he said.

While Director of Budget Petroleum, Zahid Bashir, claimed to be interested in investing in Surabaya also because of the assurance of the Mayor of Surabaya and big names and experience of PP Property is quite positive. "Moreover, in a religious way, we both have proximity," he added.

News Comment

Today's Industry

COVID-19 Emergency Hospital in Kemayoran Athletes Village (Photo by: PR of Ministry of Health)

Kamis, 13 Mei 2021 - 06:10 WIB

Gov’t Completes Incentive Payment for Volunteers at Kemayoran Athletes Village

Ministry of Health, on 6-10 May 2021, has completed incentive payment of December 2020 for 1,613 volunteers working at COVID-19 Emergency Hospital in Kemayoran Athletes Village amounting to…

Vice President Ma’ruf Amin chairs a virtual meeting of the Regional Autonomy Advisory Council (DPOD), Tuesday (11/05). Photo by: BPMI of Vice Presidential Secretariat

Kamis, 13 Mei 2021 - 05:00 WIB

Special Allocation Fund during Pandemic Must be Managed in Accountable Manner: VP

The use of Special Allocation Fund (DAK) during the COVID-19 pandemic must take into account the accountability principle, Vice President Ma’ruf Amin has said.

Minister of Religious Affairs Yaqut Cholil Qoumas, Chairperson of the Indonesia Ulema Council (MUI) KH Abdullah Jaidi, and Deputy Head of Commission VIII Ace H Syadzili

Kamis, 13 Mei 2021 - 03:50 WIB

Eid al-Fitr Falls on Thursday, Gov’t Announces

The Government has announced that the first day of Shawwal 1442 Hijri, which marks the Eid al-Fitr 1442 Hijri celebration, falls on Thursday, 13 May 2021.

Minister of Manpower Ida Fauziyah. (Photo by: BPMI Documentation)

Kamis, 13 Mei 2021 - 02:45 WIB

Manpower Minister: Companies Must Protect Loading-Unloading Workers through Social Security Programs

Minister of Manpower Ida Fauziyah told companies to protect their loading-unloading workers (TKBM) through social security program for workers.

Minister of Transportation Budi Karya Sumadi inspected transportation service during the mudik ban period (11/05/2021). (Photo by: PR of Ministry of Transportation)

Kamis, 13 Mei 2021 - 01:39 WIB

Logistics Transport Movement During Mudik Ban Jumps by 70%

Movement of logistics transport via sea toll road has dramatically increased by about 70 percent during the period of mudik (Eid homecoming period) ban, according to Minister of Transportation…