Housing-Estate.com, Jakarta – PT Modernland Realty Tbk surpassed sales targets (marketing sales) in the fourth quarter of 2016. According to Chief Financial Officer Modernland Freddy Chan, marketing sales company achieved 4.3 trillion from the target of Rp4.2 trillion.
“This is achieved from the sale of land in the Garden City area of Jakarta worth Rp 3.4 trillion to the joint venture company (JV) PT Astra Modern land. Earlier in the third quarter we also managed to record sales of Rp962 billion, “he said during a public expose in Tangerang, Banten, on Monday (28/11).
Land Jakarta Garden City sold an area of 67 ha and the strategy adopted to accelerate as the largest township development in Jakarta. Freddy Modernland call is open to forming partnerships with developers who have a good track record for increasing market penetration of the products developed.
Therefore, the formation of a JV is a step in a very precise business. Moreover Astra Land is a combination of PT Astra International Tbk and Hongkong Land Group Limited, a leading property developer in Asia so it is believed the combination of this cooperation will generate tremendous synergies.
With this partnership, further development of Jakarta Garden City Akkan prioritized to make it more lively township. Some of the projects that will be developed in collaboration between other homes, apartments, commercial areas, and others that will soon be launched to target the upper middle segment. The launch of the first cluster of this cooperation is also in line with the macroeconomic situation is getting better.
“With the entry of Hongkong Land is certainly very good for the property industry and the economy of Indonesia. We are also increasingly confident with the many government programs to accelerate the recovery of the macro industry, so we are optimistic that the launch of the first cluster will be a very precise timing is, “said Freddy.
housing-estate.com
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