JAKARTA: PT Alam Sutera Realty Tbk allocates IDR1 trillion this year to finance mall, office building and apartment construction.Such fund will be invested for Mall @ Alam Sutera, Alam Sutera Office Tower and Silkwood Residences Apartment, Alam Suteras Marketing Director Lilia Sukotjo said.Most of the fund comes from internal cash with IDR300 billion for each projects.The remaining investment budget around IDR100 billion will be used as reserve fund since project construction usually needs additional 10%-15% of the determined investment value, she said, today.Mall @ Alam Sutera and Alam Sutera Office Tower are targeted to complete in May 2012 while Silkwood Residences Apartment by the end of 2012.The company also has posted IDR859 billion in sales and it optimistic to gain IDR1.7 trillion until the end of this year.Alam Suteras Finance Director Joseph Sanusi Tjong said the company is targeting to acquire 400 ha to 500 ha throughout 2011 until 2012.Such land acquisition will increase companys land bank to 1,216 ha as of December 2011.The targeted lands are located in several location of our development. We have acquired 175 ha until March this year, he said.However, Joseph declined to detail out the total fund that will be disbursed to acquire lands. (t06/msw)

---

Artikel Terkait

Berita Lainnya

Berita Terbaru