Lippo Cikarang Owned By Conglomerate Mochtar Riady Targets Pre-sales Of IDR 1.4 Trillion In 2022

Illustration. (Photo: Doc. Lippo Cikarang)

JAKARTA - The Lippo Group entity belonging to conglomerate Mochtar Riady, PT Lippo Cikarang Tb (LPCK) targets pre-sales of IDR 1.4 trillion throughout 2022.

In the LPCK's information disclosure, quoted Thursday, March 31, the company owned by the conglomerate Mochtar Riady is targeting to achieve pre-sales of IDR 1.4 trillion by 2022. Increasing market confidence has also helped boost sales of industrial land to grow 38 percent year on year (yoy) and property commercial value by 20 times yoy throughout 2021.

"In 2022, the company targets to achieve pre-sales of IDR 1.4 trillion, of which around 60 percent is a contribution from affordable landed houses," explained LPCK management.

Meanwhile, the company's strategies this year include maintaining pre-sales momentum by launching a new cluster of affordable landed homes at Waterfront Estates, improving governance and transparency, increasing sales of commercial products to support sales of affordable landed housing at Waterfront Estates.

In addition, this LPCK also plans to develop and implement an industrial segmentation strategy, launch new commercial products to create a new economic base in order to grow the population.

In the fourth quarter of 2021, LPCK's pre-sales reached IDR 223 billion, up 156 percent YoY, bringing pre-sales to a level of IDR 1.23 trillion, up 21 percent YoY.

"Throughout 2021, affordable landed housing still contributed the most to the total pre-sales throughout the year, which was 41 percent, with no grand launching event for new clusters being launched," added the management.