Listed real estate company Pakwon Jati announced marketing sales of Rp1.34 trillion (US$86.33 million) last year.
“About 56% of marketing sales were made through mortgage schemes.”Minart Basuki, Pakwon's corporate secretary, said on Friday. Kontan.
This amount refers to the company's performance in key residential and office markets and is in line with the revised target of Rp 1.3 trillion. However, this is lower than the initial target of Rp1.6 trillion set early last year.
The company, which develops retail, residential, commercial and hospitality properties in multiple cities in Indonesia, hit the hurdle after booking only Rp1.02 trillion in the first nine months of last year, down 12.7% year-on-year. Lowered.
“Overall, the market remains depressed. Therefore, we have decided to adjust our marketing revenue target to Rp1.3 trillion,” Pakwon Jati business development director Ivy Wong said in a report last October. explained. Bisnis.com.
The company is targeting marketing sales of Rp 1.5 trillion this year, similar to its 2022 performance. It expects property sales to improve thanks to incentives introduced last year to stimulate the market in a high interest rate environment.
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