Zahid Bashir Visits PPRO, Surabaya Property Market Indicated Keeps Attracting

By : Abraham Sihombing And Aldi Firhand. A | Saturday, July 07 2018 - 21:54 IWST

Taufik Hidayat, Tri Rismahartini, Zahid Bashir MD Budget Pertroleum Dubai and Nanang CEO PT Arvada Investama (photo Abe)
Taufik Hidayat, Tri Rismahartini, Zahid Bashir MD Budget Pertroleum Dubai and Nanang CEO PT Arvada Investama (photo Abe)

INDUSTRY.co.id - Surabaya - PT PP Property Tbk (PPRO), a subsidiary of PT Pembangunan Perumahan Tbk (PTPP), a leading property developer, visited Zahid Bashir, Managing Director of Budget Petroleum Dubai, UAE, with Nanang, CEO of PT Arvada Investama, 3 Tower Apartments owned by PPRO in Surabaya, namely Grand Shamaya, Grand Dharmahusada Lagoon and Grand Sungkono Lagoon.

The three apartments are located in Surabaya spread over 3 points of the city, namely Surabaya Center, East Surabaya and West Surabaya. As the second largest city in Indonesia, Surabaya's growth continues to increase every year.

It can be seen from the development of Surabaya city infrastructure that is now no less than Jakarta. In the last decade, Surabaya has been transformed into a city that experienced rapid economic growth and infrastructure development.

BPS data show that Surabaya's economic growth is 6.0% and higher than the national average of only 5.1%.

The development of infrastructure facilities and infrastructure is also continuously pursued by the Surabaya City Government, such as the construction of inter-city toll roads, completing the construction of frontage road as well as the planning of MRT (Mass Rapid Transit).

The construction of Surabaya facility becomes trade route and transit area or meeting place of capital owners to invest their capital in Surabaya. Looking at the current market conditions proves that the Property market in Surabaya remains attractive to investors.

Taufik Hidayat, President Director of PPRO, said the purchase of the three apartment towers is evidence of market confidence in PPRO's innovative products.

With the purchase worth Rp21, trillion, PPRO management is optimistic to achieve the 2018 performance target, said Taufik Hidayat, in Surabaya, Friday (05/07/2018).

Taufik is grateful to the Surabaya City Government who has given the smoothness of the licensing process so that the apartment is now ready to start construction.

Surabaya City Government under the leadership of Mrs. Rismaharini also has created a conducive atmosphere so that investors are still interested to invest in Surabaya, Taufik said. (Abraham Sihombing)

News Comment

Today's Industry

 Huawei ICT Competition 2022–2023 Global Final Closing and Awarding Ceremony (Photo: Huawei)

Jumat, 02 Juni 2023 - 17:40 WIB

Huawei ICT Competition 2022-2023 Global Final Held in Shenzhen — 146 Teams from 36 Countries and Regions Win Awards

The Huawei ICT Competition 2022-2023 Global Final concluded in Shenzhen, drawing to a close the seventh installment of this competition.

CleverTap logo

Jumat, 02 Juni 2023 - 15:50 WIB

CleverTap launches local deployment of its SaaS platform in Indonesia

CleverTap, the leading global B2B SaaS platform for customer engagement and retention, has made its platform available within Indonesia through data centers hosted on Amazon Web Services (AWS),…

President Jokowi inaugurated the 2nd Kretek Bridge, in Bantul, DI Yogyakarta, Friday (02/06/2023). (Photo: BPMI Setpres)

Jumat, 02 Juni 2023 - 15:10 WIB

Inaugurated by the President, the Kretek 2 Bridge Strengthens the Java Southern Route

RI President Joko Widodo (Jokowi) inaugurated the Kretek 2 Bridge, Friday (02/06/2023) morning, in Bantul Regency, DI Yogyakarta. This bridge will support the Southern Cross Road (JJLS) which…

President Jokowi led the Pancasila Harlah Commemoration ceremony, which was held in the National Monument Area, Jakarta, Thursday (01/06/2023). (Photo: Public Relations of Setkab/Oji)

Jumat, 02 Juni 2023 - 14:00 WIB

President Jokowi: Pancasila is the Foundation of Indonesia's Success in Facing Global Challenges

In the midst of the global crisis, Indonesia is one of the few countries that has succeeded in maintaining economic, social and political stability as well as controlling inflation, growing…

Minister of Investment/Head of BKPM Bahlil Lahadalia (Photo: Public Relations of Setkab/Rahmat)

Jumat, 02 Juni 2023 - 13:30 WIB

President Encourages Acceleration of Electric Battery Ecosystem Development

Indonesian President Joko Widodo (Jokowi) encourages the acceleration of investment realization for the development of the electric car battery ecosystem which will be carried out in the Bantaeng…