Modernland Realty (MDLN) and Sentul City (BKSL) 2 companies were ranked 7 and 8 in the vast land holdings of banks. Property Magazine Indonesia (MPI) in October 2016 discussed the issue of 15 developers who control the largest land bank in Indonesia. Most are located in Greater Jakarta.
Mentioned MPI to the 1st half of 2016, a subsidiary of Modern Group has land bank of 1,647 hectares of land or the value of Rp5.3 trillion. The position of land reserves are scattered in Cakung, Bekasi, Tangerang and Cikande have increased by 34% over the same period in the previous year amounted to 1,228 hectares.
backups are areas classified as land for development will be used as collateral for debts bonds and debt bank.Seperti known, in the first half of 2016, Modernland Realty recorded sales of Rp1.1 trillion. This achievement was diminished compared to the prior period revenues of Rp1.35 trillion or slumped by 18%.
Modernland also recorded a net profit of Rp26 billion, which fell by 88% compared to net income in the same period last year amounting to Rp215 billion.
Semester 1-2016
Location M2 Rp ( million)
Tangerang, Cakung,
Bekasi and Cikande 5,300,266 16,478,504
Sentul City
Meanwhile, PT Sentul City included as a developer with sizeable land bank. Until the first half of 2016, land reserves owned developer Sentul City’s residential area of 1,432 hectares or the value of the land Rp5.7 trillion. Almost the entire land bank
spread across several areas of Bogor was used as collateral for loans to banks. (The digital version can be accessed via MPI http://ift.tt/2eatRRo or http://ift.tt/2ewFNxN more practical and more economical up to 34%, the print edition is also available at leading book toko2 and sales agents newspapers and magazines).
Semester 1-2016
Location M2 USD (Million)
Village stone wells
Desa Babakan Madang
Bojong Koneng
Village Cipambuan
Village Citaringgul
Total 5,716,452 14,324,100
mpi-update.com
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