JAKARTA (Yosefardi) – Property developer PT Modernland Realty Tbk (MDLN) booked marketing sales of Rp3.76 trillion in 2014, grew by 26.7% from 2013.
Residential segment contributed 60% of total marketing sales while land sales contributed the rest 40%. For this year, MDLN targets its marketing sales to grow by 43.6% to Rp5.4 trillion. It allocates capital expenditure (capex) of Rp1.3 trillion for this year.
Meanwhile, property developer PT Ciputra Development Tbk (CTRA) targets its marketing sales to grow by 23.25% to Rp10.6 trillion this year, compared to Rp8.9 trillion last year. It allocates capex of Rp1.5 trillion for this year.