News just in Indonesia

Lippo Karawaci has reported a 35% rise for the first quarter net profit, thanks to its healthcare and residential units.

The largest listed property firm revealed a net profit of 339 billion rupiah {$29.4 million} for the first three months of the year up to March, an increase of 251 billion from the same period during the previous year.

The company’s revenues for its urban and residential development shot up to 53%, as the healthcare unit experienced a 29% increase.

Lippo Karawaci’s properties include residences, hotels, shopping malls and hospitals. The company has revealed that now is a good time to participate in commercial property, so visit www.commercialpeople.co.id soon – we advertise both commercial and residential, with something for everyone.

The latest from Indonesia

News just in, Landmarks, a Malaysian developer firm has just confirmed plans for a ‘waterfront resort city’ to be constructed on the famous Bintan Island. The $3.5 billion variety complex will cover 333 hectares with commercial, residential, as well as leisure and cultural facilities with the aid of Treasure Bay’s investment opportunities. The first phase of the project will commence shortly, focusing on the luxuries of villas, 5 star hotels, dining and bars, valuing $650 million. The project comes at the perfect time with the Indonesian government planning an international airport for the island by next year. This is all good news for Bintan as it will aid the economy, tourism and provide jobs as well as beautiful views for locals.

Why not join in on the excitement too? www.commercialpeople.co.id will also be advertising properties in leisure as well as hotel, villa and holiday home properties, so visit us soon.