JAKARTA (Yosefardi) – Property developer PT Agung Podomoro Land Tbk (APLN) to work on 10 projects in 7 cities valuing of Rp20.3 trillion for 2013-2017 period.
While property industry is expected to grow slowly this year, by 5-10%, as many developers would take a wait and see stance until the result of election.
Meanwhile property developer PT Modernland Realty Tbk (MDLN) booked marketing sales of Rp2.9 trillion in 2013, jumped 190% Rp1 trillion in 2012. Residential or housing segment contributed sales of Rp1.74 trillion, 60% of total marketing sales. While industrial segment contributed sales of Rp1.01 trillion, or 35% of total sales.
For this year, MDLN targets to book sales of Rp4 trillion. It allocates Rp1.3 trillion for land acquisition this year, funded by internal cash.