JAKARTA (Yosefardi) – Property developer PT Metropolitan Land (Metland) Tbk (MTLA) targets to book marketing sales of Rp1.3 trillion next year, a 30% growth compared to this year’s marketing sales of Rp1 trillion.
The top line of property industry is expected to grow by 10-15% next year. As at September 2015, MTLA’s marketing sales reached Rp778 billion.
Its main contributors for this year marketing sales is residential project for middle to low segment such as Metland Cibitung and Metland Cileungsi.
MTLA allocate capital expenditure (capex) of Rp470 billion for next year, equal to this year. The projects running for next year include Transyogi apartment project in Cileungsi (Bogor), Metlan hotel in Lampung (Sumatera), and Metland building in Cawang (Jakarta).