JAKARTA (Indonesia Today) – Property developer PT Intiland Development Tbk (DILD) invests Rp1 trillion in 1Park Avenue project with 4 towers, located in Kebayoran, South Jakarta.
Suhendro Prabowo, DILD’s vice president director and chief operating officer (CFO), said the project aims to target middle to upper consumers.
1Park Avenue project had been launched in early this year with 231 units of apartments (71.2% of total units) sold out.
DILD booked net profit of Rp181.32 billion in 2012, grew by 29.5% from Rp140.02 billion in 2011. It booked marketing sales of Rp1.65 trillion, jumped 41.2% from Rp1.17 trillion in 2011. While revenue rose 34.38% to Rp1.26 trillion from previous Rp939.16 billion. (hans@theindonesiatoday.com)