JAKARTA-PT PP Property Tbk, a subsidiary of PT PP (Persero) Tbk has prepared an investment of Rp 2 trillion to work on several projects in 2017. Property developer SOE was working on a variety of properties, ranging from residential, commercial to the hotel.
“next year, the funds needed to finance a number of new projects, including hotels, land bank in several locations, ranging from Rp 1.5 trillion to Rp 2 trillion,” said President Director of PT PP Property Tbk Taufik Hidayat in Jakarta, recently .
According to Taufik, the next year the company launched five new projects in several locations and the majority are residential apartments built. The project includes two projects in Surabaya and Bandung one apartment tower. Then, in Jababeka, Cikarang, and a number of other locations.
“In Surabaya, there are two projects with a total area of 3 hectares located in Embong Sawo. In Bandung Jatinangor exactly in the region. Then, in a second project entered the Jababeka four minarets. Whereas, for which in Malang, located on an area of 1 hectare, “he said.
Taufik explained, PP Properties also plans to develop a number of shopping malls, hotels, and increase land reserves (land bank). On the other hand, projects that have been initiated earlier continue to be developed as Kamala Grand Lagoon, Grand Sungkono Lagoon, and apartments Evencio.
“Next year, we also developed the hotel in order to recurring income. We currently have three hotels, next year there could be five hotels. Then, there is the mall developed in Surabaya and no additional land bank, “he said.
Imam Muzakir / EDO
Investor Daily
beritasatu.com
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