Housing-Estate.com, Jakarta – PT Metropolitan Land Tbk (Metland) is targeting 2017 sales of the product properties of Rp1.5 trillion. This target is up 25 percent from 2016 because Metland optimistic regulations issued by the government will encourage the growth of the property sector.
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“The year 2016 until the third quarter of our achievements is quite good by winning profit of Rp169 billion, up 6.2 percent from the previous year amounting to Rp159 billion. As of September we managed to achieve revenues of Rp765 billion, a slight increase of about 2 percent compared to last year amounted to Rp750 billion, “said Olivia Surodjo, Finance Director Metland to housing-estate.com current public exposure in Jakarta, Monday (5/12).
Meanwhile achievement until October higher proportion achieved from the sale of property amounting Rp838,6 billion, which means reaching 91.6 percent of the target in 2016 amounted to Rp915 billion. Recurring revenues (recurring income) of companies also increased significantly with the value reached Rp373 billion, or 93.2 percent of the target of Rp 400 billion this year.
Olivia mention until August 2016 the company posted a significant sales increase in particular for product segments middle up. This is due to a combination of various factors including program tax amnesty, relaxation of restrictions on credit or loan to value (LTV), in addition to various promotional efforts by the company.
“We believe this trend will continue until 2017 so we dare to target higher income. For working capital in 2017 has also been budgeted at Rp540 billion to Rp160 billion for the allocation of additional land bank priority to add land to the projects already underway, “he added.
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