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Originally Singapore Developers Expansion To Lombok
TRIBUNNEWS.COM.JAKARTA-
PT Pollux Properties Indonesia increasingly aggressive work on the property market in the country. After launching a mixed-use project integrated property alias Chadstone in Cikarang, Bekasi last week, a subsidiary of Pollux Properties Ltd based in Singapore will expand its expansion to Lombok in 2015.
In Lombok , Pollux will build Condotel resort and villas Amarsvati Malimbu region, west coast of Lombok .
The company has completed the acquisition of the land area of 25 hectares (ha).
Amarsvati itself consists of two towers, each of which has 270 units with the lowest price of Rp 1 billion per unit. Pollux entrust the management of a four-star resort hotel operator Ariva.
The plan, Pollux will hold a groundbreaking Amarsvati in February 2015. "We hope that the construction is completed in two years," said Chief Operating Officer (COO) Pollux Kenny Seraphine to KONTAN, Thursday (12/04/2014).
He claimed, the first tower had record sales of 90% before construction begins.
To buy land in Lombok , Pollux must issue a total investment of Rp 5 million per square meter (m²). "Indeed we bought a little expensive because of its location right on the beach. Later, we will also make private beach," said Kenny.
As for building the resort, Pollux must spend another Rp 150 billion per tower.
For this project, Pollux fund the expansion of internal capital by 30% -40%. The rest, companies rely on bank loans and pre-sales project.
In addition to seeing the potential, Kenny says, Pollux expansion to Cikarang and Lombok because it gets the land in both locations. In the future, developers will continue to hunt the land, not least in Jakarta.
Previously, the project is still struggling Pollux in Semarang. You see, one of the shareholders
Pollux had a lot of idle land in the city.
Currently Pollux is currently working on three projects integrated property, namely W / R Simpang Lima, The Pinnacle, and the Marquis de Lafayette. While the project has been in operation is the Crowne Plaza Hotel and Paragon Mall.
Unfortunately, Kenny could not tell Pollux current landbank. "We just bought land in Jakarta and Semarang, have not been inventoried," he argued.
