2017, PP Property Set Apartment Project in Malang and Bandung

Surabaya – President Director of PT Property Tbk, Taufik Hidayat, said that every year the company has set expenditure (capex) of Rp 800 billion. Capital expenditure, he added, is intended long-term investment. For the next year, said Taufik, capital expenditures PP Property of Rp 1.6 trillion.

“for these capital expenditures, we can usually funds from the bond issuance, IPO or rights issue,” said Taufik, after the signing of the Agreement Construction Loan facility between BTN with PP Property in Marketing Office Project Grand Sungkono Lagoon (GSL) Surabaya on Thursday (10/11).

in addition to long-term investment, he added, BTN is also preparing short-term investments (short term ) as an apartment project. For short-term projects is PP Property always provides opportunities banks to membiayaki construction funds.

“But for the construction funds are not all of perbanak. Since most we can from the buyer (consumer), the bank is about 70 percent of the total funding for construction, “said Taufik.

next year, said Taufik, PP Properties plans to work on projects apartment in Malang and Bandung. Funding requirements for one apartment tower ranges from Rp 500 billion to Rp 600 billion. For the cost of building construction, banking funds needed 70 percent of the total funding.

“We are going to continue to cooperate with BTN for financing projects in Malang and Bandung that,” said Taufik.

In addition to in the two cities that, according to him, the PP property will also begin construction of an apartment project in Jalan Embong Sawo 1.6 hectares. Currently, PP property is still finalizing the design for the project. To land only, PP It provides funds of around Rp 700 billion to Rp 800 billion. The plan for the project in Embong Sawo will be built four towers.

“We are planning next year’s project in Embong Sawo have already begun. And we make sure it will cooperate with BTN for financing the construction,” said Taufik.

Director of Property Tbk, Indaryanto, adding, this year funding construction loans disbursed BTN to projects PP Properties reach Rp 905 billion. Among others to Grand Kamala Lagoon (Gamala) in Bekasi Rp 250 billion, Gunung Putri Square (Bogor ) amounting to Rp 80 billion, Tower Caspian in Grand Sungkono Lagoon (Surabaya) and is planned to Grand Dharmahusada Lagoon (GDL).

“We also hope that the agreement with BTN for projects PP Property future,” he concluded.

Amrozi Amenan / FER

Investor Daily

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