JAKARTA. The incomes of property issuers have increased in the third quarter of this year compared with the same period in 2015. However, during the last three years the business segment has lower growth compared with previous years. Managing Director PT Perdana Gapuraprima Tbk (GPRA) according to Menurut Arvin F Iskandar, the growth of GPRA’s business was supported by the relaxation on loan to value (LTV) in this year. To date, GPRA has booked an IDR500 billion of marketing sales income. This number equals to 90% of the target of marketing sales incomes set by the developer in 2016. Most of the marketing sales incomes come from the housing sales.
Govt relaxation on LTV boots property growth
JAKARTA. The incomes of property issuers have increased in the third quarter of this year compared with the same period in 2015. However, during the last three years the business segment has lower growth compared with previous years. Managing Director PT Perdana Gapuraprima Tbk (GPRA) according to Menurut Arvin F Iskandar, the growth of GPRA’s business was supported by the relaxation on loan to value (LTV) in this year. To date, GPRA has booked an IDR500 billion of marketing sales income. This number equals to 90% of the target of marketing sales incomes set by the developer in 2016. Most of the marketing sales incomes come from the housing sales.