Intiland will focus on the middle-class segment

29 October 2019 08:41

JAKARTA - PT Intiland Development Tbk (DILD) is targeting the middle-class segment to compensate for the decline in demand in the mixed-use and high rise segments. 

As quoted from the company disclosure, Archied Noto Pradono, Director of Capital Management and Investment of PT Intiland Development Tbk (DILD) said the company set a number of strategies to anticipate market changes to improve sales performance. "The company will continue to focus on inventory sales and ongoing projects. Also, develop new projects with portfolios in the middle market segment and acquire a larger market," he said.

According to him, his party has prepared several new projects, such as housing, apartments and commercials in Jakarta and Surabaya. As of the third quarter of 2019, Intiland recorded sales revenue of Rp 862 billion, with the largest contribution coming from mixed-use and high rise segment (Rp 574 billion). (LK/AR)

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