Prepare Rp1.5 trillion, JSI Build A Hotel and Superblock

Housing-Estate.com, Jakarta – Among the developer issued a response matching that in 2017 the condition of the property sector will be better. Now they are poised to mengggarap new projects and working capital is quite large. PT Jakarta Setiabudi International Tbk (JSI), West Jakarta Puri Botanical developers and commercial projects budgeted working capital (capital expenditure / capex) of Rp 1.5 trillion. Sources of funds taken from the company’s cash 20-30%, the rest is bank loans.

Hyatt Regency Bali

“We are exploring the addition of a loan from OCBC NISP and Bank Mayora. We saw the real estate business in 2017 more prospective so we need to move more aggressively, “said Financial Director of JSI, Lim Merry, when public exposure in Jakarta, earlier this week.

Some of the steps to be taken JSI include continuing the project renovation of Hotel Hyatt Regency Bali and development Andaz Hotel Bali. For these two investment projects estimated at more than 1 trillion.

In addition JSI will also build some of the budget hotels like the Hotel Pop in Semarang. Superblock project in Mega Kuningan, Jakarta, will also begin construction. The first phase includes offices, hotels, and other commercial properties on an area of ​​3.8 ha. The first phase will be completed within 3 years.

“There are several other projects like in Puri, West Jakarta, and renovation of the hotel in Ancol. We will also acquire land in Medan area of ​​660 ha to be developed superblock project, “he concluded.

housing-estate.com

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