Aug 23, 2011

Intiland scouts Rp1.1 trio marketing sales

Property Developer PT Intiland Development Tbk (DILD) plans to launch several new projects in the second half of this year in a bid to achieve a Rp1.1 trillion marketing sales target, representing a 57.14% increase from Rp700 billion last year.
In the first half of this year, Intiland's marketing sales reached Rp450 billion. The company will launch Serenia Hills, Lebak Bulus, Jakarta. The project will be developed on 10 hectares of land. 
"We will launch the project and starting to put it on sale in the last quarter," said Archied Notopradono, Director of Capital and Investment Management at Intiland Development. Intiland is planning to spend Rp1 trillion of capital expenditure this year.

Disclosure: No position at the stock mentioned above.

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