JAKARTA (Yosefardi) – Investors focus buying propety stocks this morning, mainly Ciputra Development which jumped 4.8% to Rp1,090. Ciputra Property also rose 1.19% to Rp850.
Other property stocks, Alam Sutera increased 1.47% to Rp690, Sentul City hiked 2.27% to Rp225, Bumi Serpong Damai gained 1.23% to Rp1,640, Lippo Karawaci lifted 2.86% to Rp1,070, and Modernland Realty up 1.28% to Rp790.
Sentul City increases its capital expenditure (capex) to Rp700 billion for next year, from Rp350 billion this year along with increasing projects awards. It targets to book marketing sales of Rp1.5 trillion by end of this year.
Meanwhile Gunas Land launches its integrated residential area, Vida Bekasi, on over 40 hectares land, which costs Rp700 billion, partnered with Ciputra and Premier Qualitas Indonesia.