Alam Sutera Realty, Property Developer Owned By The Ning King Conglomerate Earns Pre-Sales Of Rp2.01 Trillion As Of August 2021

Alam Sutera Mall. (Photo: Wikimedia Commons)

JAKARTA - Property developer PT Alam Sutera Realty Tbk posted pre-sales or marketing sales revenue of Rp2.01 trillion as of August 2021.

In a public expose published by Alam Sutera on the official website of the Indonesia Stock Exchange, quoted on Thursday, October 28, the achievement of marketing sales for the company owned by conglomerate The Ning King was 9.35 percent higher than the same period in the previous year of Rp1.83 trillion.

In detail, sales of houses and residential land dominated the company's marketing sales in the first 8 months of this year worth Rp1.34 trillion. In terms of product types, residential sales contributed 67 percent of the total presales, followed by commercial 18 percent, and apartments 15 percent.

Meanwhile, in terms of area, sales in Alam Sutera dominate at 61 percent, Suvarna Sutera at 37 percent, and the remaining 2 percent. Several new projects launched by ASRI as of August 2021, such as the Elevee Penthouses and Residence and the Winona Cluster Phase 2 in Alam Sutera.

Furthermore, new projects in Subarna Sutera consist of the Fedora Park Cluster, Bayu Premiere Cluster, and Fedora Shophouse.

As of June 30, 2021, the issuer coded as ASRI has posted revenue of Rp1.10 trillion, up 20.69 percent compared to the same period last year of Rp919.50 billion.

The loss for the current period attributable to the owners of ASRI's parent company was also reduced to a loss of Rp244.91 billion from the previous loss of Rp512.48 billion.