JAKARTA - PT Perintis Triniti Properti Tbk (TRIN) or Triniti Land reported marketing revenue of IDR 1.1 trillion as of August 2024, skyrocketing 114% year-on-year (yoy) from August 2023 of IDR 546.9 billion. The issuer then feels optimistic regarding its marketing sales target of IDR 1.2 trillion that is projected to be attained at the end of this year.

Ishak Chandra, President Director of Triniti Land, said that the marketing revenue achievement until 8M 2024 was supported by the success of landed house project of Sequoia Hills, Sentul, Bogor, which is now under construction process.

“Marketing revenue reached 91% of total target until the end of this year,” Chandra said in the press release quoted Monday (9/9).

Top products in Sequoia Hills include The Leroy, Earthville, and Mono. From this project alone, marketing revenue hit IDR 511.48 billion, or 41% of total marketing revenue of 8M 2024.

According to Chandra, the marketing revenue achievement was also a result of the strategy to facilitate consumers in owning property through extension of 100% value-added tax incentive program until December 2024.

“This achievement reflects the success of the company’s marketing and sales strategy in making use of opportunities in property market in Indonesia. With the rise of demand for property, especially in landed house segment, we believe that Triniti Land is on the right path towards securing our annual target,” claimed Chandra.

Then, Riska Afriani, CFO & Corporate Secretary of Triniti Land, said that marketing sales growth secured by the company is a reflection of consumers’ trust in several ongoing projects of Triniti Land, as well as the company’s capability in meeting market demand.

“We are committed to offer relevant and high-quality products, as well as generate positive contribution to economic growth through project developments and continue to add value to stakeholders amidst challenging global economic situation,” concluded Chandra. (LK/ZH)