Bumi Serpong Damai (BSD), one of
Indonesia’s largest developers, has announced company organic growth during the
first quarter of 2014 at approximately 43%. This is as Rp1.25trillion organic
revenue was gained, outperforming last year’s Rp877.54billion gain.
Approximately 44% or Rp549.36billion of this first quarter revenue, owes to the
residential sector, rising by approximately 70% year over year. The sale of
lots was the second largest generator of revenue, with Rp284.49billion.
The commercial sector sales took the lead in growth during the first quarter, growing
by eightfold to Rp191.58billion compared to the Rp23.9billion during the same quarter
last year.
Furthermore, Ciputra Development doubled its shop house and residential sales
to Rp834.62billion rin the first quarter of the year compared to Rp481.92 during
the same quarter last year.
Agung Podomoro Land saw its first quarter revenue grow from Rp1.12trillion last
year to Rp1.16trillion; as it also saw its profit grow slightly from Rp272.4billion
to Rp281.58billion.
Agung Podomoro Land’s marketing sales grew during the first quarter by 6% year
over year to Rp1.83trillion. Harco Glodok, the company’s electronic shopping centre
in West Jakarta, generated 32% of the total figure - followed by, alongside other
complexes, the housing complex Orchard Park Batam of the Riau Islands generating
27.2%; Podomoro City Deli Medan super blocks of North Sumatra generating 12.7%;
and Podomoro City Extension of West Jakarta generating 8%.
Why not search for your property too? Let it grow and gain.
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