Property developer PT Intiland Development Tbk (DILD) estimates to spend Rp1 trillion as capital expenditure this year to develop five projects.
The projects are the first stage of development of Park Residences, TB Simatupang project, Graha Natura in Surabaya, Talaga Bestari in Jakarta, and Whiz Hotel in Semarang, Bali, and Balikpapan.
Up to early June this year, Intiland has spent Rp350 billion-Rp400 billion capital expenditure. "The source of financing will be generated by internal cash and loan facility," said Corporate Secretary Theresa Rustandi as quoted by Kontan daily today.
Disclosure: No position at the stock mentioned above.
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