Property PP Workers Industrial Zone drill

     

            
    

    

From left to right, Operational Director of PT Jababeka PP Property Singgih Harris Amin, Director of PT Jababeka Sutedja S. Darmono, Director General of the Ministry of Industry Development Industry Perwillayahan Imam Haryono, Director General of The Ministry of Housing Provision PUPR Burhanuddin Sharif, Director of Property PP Taufik Hidayat, and President Director of PT Jababeka PP Property Awanu Alfan when pouring the mortar to be casted into the First Tower construction land at Riverview Residence Cikarang Jababeka, Cikarang, West Java, on Wednesday (30/11). (BeritaSatu Photo)

                            

JAKARTA – PT PP Property Tbk incentive to build residential project in Cikarang, West Java by targeting the labor market Jababeka industrial area. The subsidiary PT Tbk Development Company is expected to capture the residential area measuring 4.6 hectares (ha) in Jababeka in 2017.

PP Property Finance Director Indaryanto, say, the development includes the construction of six residential towers, shopping centers (malls) and commercial areas. In the first stage, said Indaryanto, will be built and marketed the apartments for the middle class and the lower middle.

“This plan has entered the design phase of development. We are still counting the investment needed for next year, “said Indaryanto when contacted by Investor Daily in Jakarta, Tuesday (6/12).

Indaryanto said Jababeka industrial area is a potential market with a large number of workers. According Indaryanto, PP Property will target workers of foreign origin for middle-class residential, while the Indonesian workers in the lower middle market.

“We will start selling next year six apartment towers. Three apartments as high as 21 floors and three more as high as 29 floors, “he said.

He explained, in developing this residential area, PP Property cooperate with Graha Buana Cikarang which is a subsidiary of PT Kawasan Industri Jababeka. Both formed a joint venture property PP Jababeka, with a stake of property PP Jababeka 52% and 48%.

                            
                            
                            

                                   

                            

Laila Ramdhini / EDO

                            

Investor Daily

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