Ascendas Attract, Develop Metland “WOHO” Rp 2.5 Trillion

JAKARTA, KOMPAS.com – After validating the cooperation with Singapore through the Ascendas Group (Ascendas), PT Metropolitan Land Tbk (Metland) is planning to develop multifunctional projects or mixed-use in Tangerang.

Cooperation is officially underway since 2015, produce a joint venture or a joint venture named PT Metropolitan Permata development.

“collaboration was 9.7 hectares with 1.3 hectares of the development of the first stage through the joint venture,” said Finance Director Olivia Surodjo Metland current public exposure in Bursa Securities Indonesia, Jakarta, Monday (12/05/2016).

this development includes two residential towers and one tower work office and home office (woho).

In addition, the project is located in Metland Cyber ​​City, Tangerang, will also include retail facilities.

Olivia added, for apartments is planned to be built with a height of about 42-43 floors. As for the office, building height ranges from 39 floors.

He explained that altitude has not been established because it is still under construction.

“project value Rp 2.4 trillion to Rp 2.5 trillion with construction plans in the final quarter of 2017, “said Olivia.

performance

There is also the company’s performance in the third quarter of 2016 were able to profit of Rp 169 billion, up 6.2 percent from a year earlier in the period the same amount of Rp 159 billion.

the increase in profit was triggered by the increase in recurring revenues (recurring income) from the hotel and the mall.

one other factor of the increase was the government policy regarding changes to the calculation of income tax ( PPH) final original 5 percent to 2.5 percent.

Total operating revenues for the company bersandi MTLA Rp 765 billion, a slight increase of 2 percent compared to the third quarter of 2015 amounted to Rp 750 billion.

” We see the growth that slopes to the performance of the third quarter compared with the same period last year due to increased sales of new felt since August 2016. So, not yet reflected in the financial statements of the third quarter, “said Olivia.

properti.kompas. com

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