News & Research

Reader

Premier Insight : PT PP Urban, a subsidiary of PTPP set a marketing sales target of Rp2,2tn (+29% yoy) in 2019
Friday, December 07, 2018       09:29 WIB

Download PDF

: PT PP Urban, a subsidiary of PT Pembangunan Perumahan ( IJ; Rp1,870; Buy) set a marketing sales target of Rp2,2tn (+29% yoy) in 2019 in which the company targets its construction, precast, realty, and building management and shops contributes about 54%, 23%, 16%, and 7%, respectively. In its realty business, PP Urban plans to build eight apartment towers with its ground breaking takes place in January 2019. In property segment, PP Urban is currently developing a 1.1ha wide Urban Town Serpong on which the two towers with 1,700 unit capacity are offered at Rp10mn/m2 and a 2.8ha wide, low-rise Urban Town Karawang with one tower and 310 unit capacity is offered at Rp8.4mn/ m2. For this target, the company prepares a capital expenditure worth about Rp140bn for next year that will be used for land acquisition in Sudimara and Karawang. (Kontan)

Sumber : IPS RESEARCH

powered by: IPOTNEWS.COM