Property Magazine Indonesia (MPI) November 2016 issue of reduced coverage of 15 major land developers who control the largest in Indonesia. One of them is the Group Intiland development.
The company is led by Hendro Gondokusumo property was also listed as the owner of the third largest land bank in Indonesia with an area of 2,046 hectares of land ownership or the value of the land Rp3.4 trillion. The vast reserves increased by 3% over the same period the previous year which stood at 1,979 hectares.
Intiland land reserves are spread in cities like Tangerang, Maja, Bekasi, Jakarta, Serang and Surabaya. Region Maja still listed as a backup largest land developer’s apartment Regatta Jakarta with an area of 1083 hectares, followed by Tangerang (395 hectares), as well as the east coast of Surabaya (901 hectares).
In the first semester 2016 PT Intiland posted net income of Rp150,65 billion, an increase of 16.06% compared to the same period last year ie Rp129,80 billion.
The performance achievement is supported by the company’s revenue to grow into Rp1.13 trillion, up 14.14% from the same period in 2015 and amounted to Rp993 billion.
Archied Pradono Noto, Director of Capital Management and Investment Intiland said that for this year the company targets revenue and profit growth of 20%. To realize these targets, Intiland will focus on selling the entire inventory eksisiting projects in line with the launch of several new projects in Jakarta and Surabaya.
The Company also is targeting a sustainable share of revenue this year could account for 12% of total revenue, last year ranged from 9-10%. The majority of revenue comes from rental Intiland sustainable office buildings are located in Jakarta and Surbaya. (The digital version can be accessed via MPI http://ift.tt/2eatRRo or http://ift.tt/2ewFNxN more practical and more economy. Or it can be through Agent magazine sales and tokok-leading bookstores.
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