SMRA Focus on Middle Class in Bekasi and Karawang
SMRA Focus on Middle Class in Bekasi and Karawang. Until the end of the year, the management of Summarecon Agung Tbk (SMRA) will still focus on developing housing projects in the Bekasi and Karawang areas. Because, many consumers are interested in the property products they develop.
Investment consolidation of Astra International around IDR20Trn
The Proceeds of Kereta Api Indonesia’s Bond
The Middle Class became the Driving Force of the Economy
Executive director of SMRA, Albert Luhur, said SMRA has potential to achieve satisfactory performance due to sale of housing Olive Residence Summarecon Bekasi is quite good. The project is targeting middle-class buyers.
Bank Mandiri Targeting SME Product Transaction IDR1Bn
HRTA MTN Maturity worth IDR250Bn
Economic Target of 5.2% Threatened by the Consumption Weakness
In addition to Bekasi, SMRA will collaborate with Toyota Housing Indonesia to build housing in Karawang region starting from the end of the year 2019. Currently, the total area of SMRA land in Bekasi reaches almost 300 Hectares, which has been developed almost 200 Hectares. While in Karawang there are 40 Hectares, it has almost everything developed, said Albert.
The Weakening of Purchasing Power does not Affect Unilever Indonesia
Government Bond Performance 120 Bps Higher
Indonesia Pharmerging Market
Development or residential segment contributions are still the backbone of SMRA’s income. In addition to residential, commercial projects record high profits. Albert said, currently the sale of SMRA property products increased by 76% compared to the achievement a year ago. Based on the 1H19 financial report, SMRA booked an income of IDR 2.68 Trillion. The amount grew thinner 0.52% compared to the revenue in the same period last year of IDR 2.66 Trillion.
Bank BCA Credit Growth 13% Support by All Segment
Bank Mandiri Issue Global Bond
Ruangguru Unicorn Startup from Indonesia
SMRA’s net profit soared to 90% YoY to IDR 149.02 Billion. For 1H19, SMRA successfully recorded marketing sales of IDR 3 Trillion. The amount equals 75% of the total target in the year 2019 which reaches IDR 4 Trillion. Not only developing housing, SMRA management also plans the development of the Central Business District (CBD) in Bekasi.
Hartadinata Abadi Seeks Revenue IDR2.5Trn
SUN Auction Incoming Bid Reached IDR93.39Trn
Simplify Small Medium Enterprise
Until now, many companies engaged in food and beverages, to offices that have been and ready to join SMRA. The area was already there, SMRA planned the height of the 18-storey building. Currently, banking companies such as Bank Mandiri (Persero) Tbk (BMRI) are already joining, Albert added.
Fifty Seven Promenade Support Intiland’s Marketing Sales
WSBP Issue Bonds IDR2Trn to Build Factory in East Kalimantan
CPO Projection This Week
Shopping center projects. In addition to developing residential properties, SMRA plans to continue construction of Summarecon Mall Bekasi phase II and phase III. However, Albert did not mention the details of the cultivation time and the budget that was disbursed for the project. In terms of visitors or the number of cars in the park Summarecon Bekasi Mall, SMRA occupies the ninth position with the biggest mall visit.
PP Properti seek Industrial Workers
Perusahaan Listrik Negara Issue Bonds and Sukuk Worth IDR3.24Trn
PMI Manufactures Data Press Oil Prices
Two years ago, SMRA was still in the 20s. This does not directly show positive developments, he said. From as many as six malls built and managed by SMRA, Summarecon Serpong’s project contributed to the highest or more than 50% of SMRA’s revenues at 1H19.
Currently, SMRA manages Summarecon Mall Bekasi, Summarecon Karawang, Summarecon Serpong, Summarecon Bandung, Summarecon Mutiara Makassar and Summarecon Kelapa Gading. Last, SMRA can be optimistic to reach the target by the end of the year. They do not revise the targets set at the beginning of the year.
