JAKARTA – Marketing sales of  PT Pantai Indah Kapuk 2 Tbk (PANI) reportedly skyrocketed 180.89% year-on-year (yoy) in Q1 2024. This achievement was made possible following the acquisition of 7 new subsidiaries, along with 12 property projects.

Sugianto Kusuma, President Director of PANI, confirmed that the company booked marketing sales of IDR 1.5 trillion, soaring high from IDR 534 billion seen in the same quarter in 2023. “This realisation is equal to 27% of total marketing sales target of IDR 5.5 trillion by the end of this year,” he said in the press release quoted Wednesday (24/4).

According to Kusuma, the impressive marketing sales scored by PANI is in line with the consumers’ interest in purchasing property, particularly those in Central Business District (CBD) of PIK 2. For example, there are landed house complex of Bukit Nirmala, Pantai Bukit Villa, Ilona @Pasadena Hills, Rumah Milenial, Permata Hijau Residence, Pasir Putih Residence, Permata Golf Residence and The Golf Signature.

The components of PANI’s revenue include commercial land plot, landed house, and commercial products.

As is known, PANI has concluded the rights issue of 2.08 billion shares of IDR 5,000 each. Total proceeds clocked up to IDR 10.5 trillion. Approximately IDR 9.5 trillion of said proceeds is used to acquire 7 new subsidiaries, namely PT Bumindo Mekar Wibawa, PT Cahaya Inti Sentosa, PT Jaya Inda Sentosa, PT Karunia Utama Selaras, PT Kemilau Karya Utama, PT Sharindo Matratama, and PT Sumber Cipta Utama. With this acquisition, PANI gains extra 815 hectares of land.

The remaining IDR 990 billion is allocated to take over 35-hectare land from PT Panorama Eka Tunggal. (LK/ZH)