JAKARTA. PT Summarecon Agung Tbk (SMRA) aims to record marketing sales of Rp 4.5 trillion this year, considering that demand for property is still quite high.
Jemmy Kusnadi, Corporate Secretary of SMRA, said that in 2019, the company recorded Rp 4.1 trillion in marketing sales. Aside from being supported by demand from the residential sector, Kusnadi explained that the marketing sales target for 2020 will be supported by low interest rates.
During 2019, 60% of marketing sales came from landed house projects. SMRA will still rely on this business line in 2020.
To help with the effort, SMRA has prepared a capital expenditure budget of Rp 2.7 trillion, mostly from the company's internal cash. (KR/AR)