Integrated developer PT Intiland Development Tbk aims to tap IDR800 billion from the divestment of noncore assets, inventory, and matured assest this year.
The targeted proceeds from the asset divestment equals to the double sales last year and it will be allotted for the corporate expansion.
Some assets for the divestment here includes the remaining 5.3 hectares plots of areas of Taman Semanan Indah in Jakarta and 5.5 hectares areas of Graha Famili in Surabaya. The divestment proceeds will be allocated for more benefiting project.
The company has sold assets of Graha Residen worth IDR170 billion. The divestment here completes the corporate strategy to boost up income other than building leasing post.
This year the company prepares some projects such as Park Residences, and condominium in Gandaria, Kebayoran Baru, Jakarta. The company targets the third tower release in quarter III/2010 after the previous two towers in February 2010 and sold 70 percent.
In Surabaya the company develop green concept residential at 100 hectares plots of land and 25 hectares have been developed as the first stage. The other project is located at 7 hectares areas in TB Simatupang, Jakarta, released next week.
The company has sold assets of Graha Residen worth IDR170 billion. The divestment here completes the corporate strategy to boost up income other than building leasing post.
This year the company prepares some projects such as Park Residences, and condominium in Gandaria, Kebayoran Baru, Jakarta. The company targets the third tower release in quarter III/2010 after the previous two towers in February 2010 and sold 70 percent.
In Surabaya the company develop green concept residential at 100 hectares plots of land and 25 hectares have been developed as the first stage. The other project is located at 7 hectares areas in TB Simatupang, Jakarta, released next week.
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