Housing-Estate.com, Jakarta – PP Property implement long-term strategies in the development of its business. Therefore, in addition to developing projects such as apartments sold off, PP property is also building a project that is maintained into the company’s assets. The property is built to be leased, among other hotels and malls. This is both to increase recurring revenues (recurring income) and develop a revenue structure that is more sustainable.
Grand Dharmahusada Lagoon
“The portion of recurring income we are still 10 per cent, up to five years will be increased to 20 percent. For that we will be developing hotels and shopping centers, “said Taufik Hidayat, President PP property, to housing-estate.com in Jakarta, Thursday (8/12).
Hotel developed no less than 100 rooms. In 2017 there are four hotels to be built, namely Jakarta, Bandung, Balikpapan, and Lombok. Shopping malls in the near future will be built in the superblock area Kamala Grand Lagoon (GKL) Grand Darma Husada Bekasi and Surabaya. Before shopping mall in GKL will be preceded by the development of Lagoon Avenue.
To support the business plan of PT PP (Persero) Tbk, the parent PP property, will inject capital of Rp 1 trillion. Property PP will also issue new shares to raise funds capital markets. 2017 PP property needs working capital Rp2 trillion will be used to build a commercial property and the acquisition of new land.
“We are very optimistic because the sales trend is also quite good, from this year’s target of Rp 2.3 trillion as of September 2016 already reached more than 1.5 trillion and next year we are also optimistic that it can grow 20-25 percent, “he concluded.
housing-estate.com
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