Surabaya – PT PP Property Tbk obtain credit facilities construction of Bank BTN Rp 325 billion for development projects Grand Sungkono Lagoon (GSL) in the area of West Surabaya, East Java.
GSL is a superblock project consisting of apartments and malls , on a land seluasa 3.2 hectares (ha), of which about 30 percent of them will be built green open space (RTH) and the lake.
Director of PT PP Property Tbk, Taufik Hidayat, said the credit tenor of 5 years with 9.50 percent interest per year on the BTN was earmarked to build a tower located at the Caspian GLS project. Residential towers, he said, will be connected to the mall which include commercial areas, shopping malls, sports facilities, playgrounds, and facilities culinary.
“We are optimistic Tower Caspian will continue the success achieved Tower Venetian already sold out, especially with the support of the BTN with construction loans disbursed for the construction of Tower Caspian, “said Taufik on the sidelines of Agreement signing credit Facility construction between BTN with PP Property in Marketing Office Project Grand Sungkono Lagoon (GSL) Surabaya on Thursday (10 / 11).
indicative of the success achieved Tower Venetian, according to Taufik, optimism for Tower Caspian are not excessive. Just like Tower Venetian, the market response is also pretty good.
“Until now, of 560 apartment units available at the Tower Caspian is the booking unit has reached 60 persena, “said Taufik.
With the price offered for each unit around Rp 25 million per square meter, PP Property targeted revenue from the sale of Tower Caspian this approximately USD 1 trliun. “Construction of apartments Tower Caspian is targeted for completion in 2018,” said Taufik.
Taufik said, by cooperating with BTN in completion of projects of apartments in Tower Caspian PP Properties wants to strengthen the commitment and seriousness to the consumer to complete the apartments promised.
“Credit construction of BTN it meets composition of 70 percent of the total funding the construction of the tower between Rp 500 billion to Rp 600 billion, while the rest was obtained from the booking unit,” he added.
Meanwhile, Director of Consumer Savings Bank Negara, Handayani hopes cooperation with BTN as a partner in the construction of Tower Caspian will continue in other projects.
“We want not only in terms of construction loans but also in the delivery of KPA later. Moreover, , we have targeted growth large enough in the next year. If only the target growth of 30 percent here it feels could be closed from the project PP Property in Surabaya, “said Handy.
Amrozi Amenan / FER
Investor Daily
beritasatu.com
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