HomeNewsVideos

Sitara Propertindo continues to acquire of the land on Gunung Sindur

24 March 2020 10:14

JAKARTA - PT Sitara Propertindo Tbk (TARA) continues the land acquisition process around the Gunung Sindur project, Bogor, West Java. The addition of landbanks in strategic locations is considered to facilitate marketing of property products in the future.

As quoted from the disclosure of company information published Monday (3/23), Theresia Christina, Corporate Secretary of PT Sitara Propertindo Tbk (TARA) said the 2020 work plan at the Gunung Sindur Project is to continue the land acquisition that had been carried out in 2019. In addition, it will certify several land parcels in the form of a shift to become a Building Rights Certificate (SHGB). In the past year, it has implemented the SHGB and merged into the parent SHGB.

However, the development of the landbank will be carried out pending the construction of a general road by the Government of Bogor Regency, West Java, to be realized. Currently, it is in the process of proposing a licensing process for project development in the region. (LK)

© 2024 - IDN Financials - All Rights Reserved.