Jababeka Residence to Launch Two New Projects in Semester II


JAKARTA, presidentpost.id – PT Jababeka TBK (KIJA) through its subsidiary Jababeka Residence plans to launch two new projects in the second half of 2018. The launch of the projects aims to achieve the target of marketing sales of Rp1 trillion for the fiscal year of 2018.

Handoyo Lim, General Manager of Corporate Marketing of Jababeka Residence, sees the good prospect in the property market in the eastern region of Jakarta until the end of this year, in line with the ongoing development of the industrial estates and infrastructure.

In addition, the policy of Bank Indonesia (BI) to loosen the rules on the Home Ownership Loans (KPR) will further drive the growth of the property market.

“The relaxing LTV (loan to value) ratio will encourage the property growth in the Cikarang region because the population here is quite big and the purchasing power of the people is also high due to their highest UMR (regional minimum wage),” said Handoyo, on Monday (16/7), quoted by Kontan as saying.

To anticipate the good market prospect, Jababeka Residence will launch the two new projects, one is commercial and the other is residential. Both projects will be carried out in the second half of 2018.

Its financial statements show that in semester I-2018, Jababeka Residence successfully recorded marketing sales from the residential sector at Rp270 billion. The figure is 45% of the this year company’s target of Rp600 billion.

The company targets Rp1 trillion in marketing sales, wherein the residential sector is targeted to contribute Rp600 billion and commercial Rp400 billion.

“This commercial sector means selling lots of land that later on them will be built commercial buildings such as hotels and others,” Handoyo said.

Handoyo added he believed the target this year will be achieved. The revenue in the first half of 2018 is still in line with the company’s target this year. As for pursuing the target of commercial sales, Jababeka Residential is exploring the cooperation with several investors. (KTN/TPP)