JAKARTA (Yosefardi) – Property developer PT Bumi Serpong Damai Tbk (BSDE), unit of Sinar Mas Group, targets to book marketing sales of Rp6 trillion this year, a 11% growth compared to Rp5.4 trillion last year.
Sales of landed houses, apartments, and condominium is expected to reach Rp3.1 trillion while sales of shops and offices will reach Rp2.9 trillion.
Residential projects would be the major contributor to total sales, led by BSD City, Kota Wisata Cibubur and Grand Wisata, Cibubur. BSDE also plans to develop its Grand City project in Balikpapan, Kalimantan.
The company had earlier acquired Epicentrum Walk (Epiwalk) from PT Bakrieland Development Tbk (ELTY), property unit of Bakrie Group, for Rp297 billion.
BBSD also acquired 3 hectares land area at the superblock Rasuna Epicentrum for Rp868.9 billion. BBSD will build premium class building at this area. BBSD allocates capital expenditure (capex) of Rp3 trillion for this year.