Lippo Karawaci, Property Developer Owned By Conglomerate Mochtar Riady Raise Pre-sales Of IDR 2.48 Trillion In Semester I 2022

JAKARTA - Property developer owned by conglomerate Mochtar Riady, PT Lippo Karawaci Tbk (LPKR) managed to book a pre-sale of IDR 2.48 trillion in the first quarter of 2022. The pre-sale for the first half is around 47.8 percent of the 2022 target of IDR 5.2 trillion.

“We are happy with the achievements so far. We also reaffirm our target to be achieved this year of Rp5.2 trillion and remain committed to providing quality housing to meet the strong demand from first-time homeowners, even as we diversify our product offerings and product prices," said the CEO of LPKR. John Riady, in his written statement, Thursday, July 28.

Meanwhile, pre-sales achievement in the first semester of 2022 grew by 7 percent YoY (year on year) compared to the first semester of 2021.

The success of LPKR's sales in the second quarter of 2022 was supported by the successful launch of housing projects for first home owners, such as Cendana Icon, Cendana Marq, Cendana Nest, Cendana Clov'r, and Cendana Gard'n in Lippo Village and Uptown Estate in Lippo Cikarang.

In addition, the level of demand for completed projects also increased in the first semester of 2022, with total sales reaching Rp132 billion.

To meet the pre-sales target of Rp5.2 trillion by 2022, LPKR's management will implement various strategies, such as relaunching residential products for first-time homeowners, premium residential products and shophouse units, mid-rise apartments to expand market penetration, and encourage demand for high-rise units ready for occupancy.