Modernland Open Up For Strategic Partner

JAKARTA – PT Modernland Realty Tbk open to strategic partners in the development of property projects, especially in Jakarta Garden City (JGC), East Jakarta. This year, property developers was holding Astra Land Indonesia as a development partner JGC.

“Today Modernland open to a leading partner with a good track record to reach the consumer market wider and increase market penetration of the products are developed, “said Chief Financial Officer PT Modernland Realty Tbk, Freddy Chan, in publications, in Jakarta, Friday (25/11).

He added that the partnership with Astra Land Indonesia also involving foreign property developers, namely Hongkong Land Group Limited. Cooperation Modernland represented by its subsidiary, PT Mitra Sindo Makmur.

“Astra Land Indonesia is a combination of PT Astra International Tbk, one of the best companies in Indonesia, then Hongkong Land Group Limited is a leading property developer in Asia, and Modernland believe that this combination will generate tremendous synergies, “he said.

According to Freddy, with the inclusion of Hongkong Land is a very good thing for the property industry and the Indonesian economy in general. Therefore, he hoped, with a number of government programs that encourage the acceleration of macro-economic recovery, will be able to create significant growth for the world of domestic property. “We expect the launch of the first cluster of the cooperation project will coincide with the macro conditions better, and the property market has experienced an increase in the next year,” said Freddy Chan.

He said, in the fourth quarter 2016, achievement of sales (pre-sales) Modernland Realty exceed the targets set in 2016. in the third quarter 2016, Modernland Realty managed to record sales (marketing sales) amounted to Rp 962 billion. Then, in the fourth quarter 2016, the company managed to sell the land in the area of ​​JGC, worth Rp 3.4 trillion to its Joint Venture (JV) – PT Astra Modern Land. The company is owned by PT Astra Land Indonesia (a 50:50 joint venture between PT Astra International Tbk. And Hongkong Land Group Limited) and PT Mitra Sindo Makmur.

“Until the fourth quarter 2016, the company managed to reach the pre-sale (pre-sales) amounted to Rp4.3 trillion. This means the achievement of pre-sales marketing sales exceeded the target set in 2016 of Rp4.2 trillion, “said Freddy Chan. (Ed)

Edo Rusyanto / EDO

Investor Daily

beritasatu.com

Sign up here with your email address to receive updates from this blog in your inbox.