Jababeka Exceeds FY16 Marketing Sales Target
PT Jababeka Tbk (“KIJA”) realized Rp 1.56 trillion in real estate marketing sales for the year 2016, thereby exceeding the FY16 target (Rp 1.4 trillion) by more than 11% and exceeding the FY15 achievement (Rp 1.0 trillion) by more than 50%.
In 2016, Cikarang remained the main contributor to the marketing sales with Rp 1.15 trillion in value and 21 hectares in land area, in line with the target for FY16.
Kendal added Rp 359 billion in value and 26 hectares in land area to the Company’s marketing sales, significantly higher than the target of Rp 250 billion on the back of improved and more complete infrastructure in the Kendal Industrial Estate and positive publicity surrounding the official groundbreaking ceremony on November 14, which was Witnessed by Their Excellencies, Prime Minister Lee Hsien Loong of Singapore and President Joko Widodo of Indonesia.
Lastly, Tanjung Lesung and other products added Rp 55 billion in marketing sales in 2016.
Jababeka believes that 2017 will be another strong year and the Company targets Rp 2 trillion in real estate marketing sales – Rp 1.4 trillion from Cikarang, Rp 500 billion from Kendal and Rp 100 billion from Tanjung Lesung and others.