Housing-Estate.com, Jakarta – Among the developers looked at in 2017 that shortly we are ahead by more optimistic. One is Gapura Prima Group (GPG), a developer of various residential projects in Greater Jakarta to superblock. According to Managing Director GPG Arvin F. Iskandar, next year the company Tbk is targeting revenue reached Rp700 billion.
Cimanggu Hill Gate City
“We see the end of this year the property industry’s situation has improved so years we are more optimistic future could post better sales. The 2016 revenue target of 600 billion and we have already reached 90 percent, “said Arvin to housing-estate.com in Jakarta, Wednesday (9/11).
For the sustainability of the company, Arvin call GPG will continue enhance the development of retail properties such as shopping malls, hotels, and office rents to increase the share of recurring revenues (recurring income). Currently GPG recurring income is still below the 20 percent that the greatest contribution of the commercial facility in Serpong Beleza.
The portion of recurring income will be increased by 30-40 percent, especially from going operation of two hotels of 400 rooms in addition to a meeting room and convention. GPG also plans to incorporate (due diligence) of companies Tbk and non Tbk. Currently the company’s assets Tbk Rp2.7 trillion and with the incorporation of this value could reach Rp4-5 trillion.
“This combination to increase the value and revenue of the company in the future. The increase in recurring income is also to support the effort because if weakened situation as it is now our business could be supported by recurring revenues. For its own target of Rp700 billion next biggest portion of the housing in Bukit Cimanggu City Bogor in addition to the development of Metro Cilegon (60 ha), “he concluded.
housing-estate.com
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