JAKARTA (Yosefardi) – Property developer PT Modernland Realty Tbk (MDLN) booked marketing sales of Rp480 billion in first quarter of this year, representing 12% of target for this year (Rp4 trillion).
Residential segment contributed 80% of marketing sales.
For this year, the residential segment is targeted to contribute 60% of marketing sales while industrial area and recurring earning will contribute the rest.
MDLN allocates capital expenditure (capex) of Rp1.3 trillion for this year.