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)
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)
Read Also
SUNeVision Initiates MEGA IDC Phase Two Development
President Prabowo Orders Massive Dissemination of Pro-People Policies…
Boediman Widjaja, Hero of Environmentally Friendly Building Materials…
Optimistic of Warehouse Business Outlook, VAST Acquires Warehouse…
Not to Be Missed: New Museum to Open Dec. 22 in Taiwan’s Cultural…
Today's Industry

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

Jumat, 28 Maret 2025 - 22:07 WIB
TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary
PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Jumat, 28 Maret 2025 - 22:00 WIB
Wireless Logic Selected By Thales As IoT Connectivity Partner
Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Jumat, 28 Maret 2025 - 21:53 WIB
Microvista Expands International Presence with Mobile CT System ScanExpress
The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…

Jumat, 28 Maret 2025 - 21:44 WIB
Turning Loss into Profit, INOV Optimistic in Maintaining Positive Performance this Year
PT Inocycle Technology Group Tbk (INOV:IJ) Indonesia's leading and largest PET waste recycling Company managed to book sales of IDR 629 Billion in 2024, an increase of 4.8% compared to the previous…
News Comment