The Jakarta Post, Jakarta
Publicly listed property company PT Ciputra Property plans to invest Rp 7 trillion (US$747.36 million) on an integrated shopping mall, hotel and apartment project in Jakarta.
President director Candra Ciputra said Tuesday the project would underline the reputation of the Ciputra Group as one of the country's main property companies.
"The total investment for the project is realistic as we have in our possession some Rp 2 trillion in internal cash, and assets worth Rp 8 trillion," said Candra during a groundbreaking ceremony for the project.
He said the firm would only seek Rp 230 billion in loans for the development.
The project, dubbed "Ciputra World", is expected to be completed in 2010, with the company spending some $300 million for the first phase of construction.
Located on Jl. Prof. Dr. Satrio in South Jakarta, the project is expected to be wrapped up in three phases.
According to the firm's director, Artadinata Djangkar, some Rp 400 billion will be spent this year on the development.
"Through an initial public offering back in November last year, our company raised 2.1 trillion in proceeds. Some Rp 1.6 trillion of that will be used to finance the project," he said.
As a result of the new project, the company expects to triple its revenue to some Rp 750 billion this year, up from Rp 280 billion last year and Rp 268.87 billion in 2006, he said.
"Our revenue is mainly from leasing apartment units, mall outlets and hotel chains. Our average annual growth revenue is around 6 percent. But this year we're expecting more revenue from this new project," said Artadinata.
Ciputra World, which will be built on 5.5 hectares of land, will consist of a six-floor shopping mall, 290 apartments, a 200-room hotel, with 80 luxury apartments on its top floors, as well as office space and a five-story parking lot.
"One hundred and fifty of the apartment units are for leasing, and 140 units for selling. The price tag for will be around Rp 2 billion each," said Artadinata.
Ciputra Property owns Ciputra Mall & Hotel in West Jakarta and Semarang, and Apartment Somerset Grand Citra in South Jakarta.
The company recorded a profit of Rp 41.47 billion last year, up by 21.6 percent from Rp 34.09 billion in 2006.
Around 51.05 percent of the company's shares are owned by PT Ciputra Development, 0.01 percent by PT Ciputra Graha Mitra and 48.94 percent by the public. (nkn)
General news or articles related to Development, Construction & Utilities in Indonesia.
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"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,.. etc.)
"A Summary" – Apr 2, 2011 (Kryon channeled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)
“.. Nuclear Power Revealed
So let me tell you what else they did. They just showed you what's wrong with nuclear power. "Safe to the maximum," they said. "Our devices are strong and cannot fail." But they did. They are no match for Gaia.
It seems that for more than 20 years, every single time we sit in the chair and speak of electric power, we tell you that hundreds of thousands of tons of push/pull energy on a regular schedule is available to you. It is moon-driven, forever. It can make all of the electricity for all of the cities on your planet, no matter how much you use. There's no environmental impact at all. Use the power of the tides, the oceans, the waves in clever ways. Use them in a bigger way than any designer has ever put together yet, to power your cities. The largest cities on your planet are on the coasts, and that's where the power source is. Hydro is the answer. It's not dangerous. You've ignored it because it seems harder to engineer and it's not in a controlled environment. Yet, you've chosen to build one of the most complex and dangerous steam engines on Earth - nuclear power.
We also have indicated that all you have to do is dig down deep enough and the planet will give you heat. It's right below the surface, not too far away all the time. You'll have a Gaia steam engine that way, too. There's no danger at all and you don't have to dig that far. All you have to do is heat fluid, and there are some fluids that boil far faster than water. So we say it again and again. Maybe this will show you what's wrong with what you've been doing, and this will turn the attitudes of your science to create something so beautiful and so powerful for your grandchildren. Why do you think you were given the moon? Now you know.
This benevolent Universe gave you an astral body that allows the waters in your ocean to push and pull and push on the most regular schedule of anything you know of. Yet there you sit enjoying just looking at it instead of using it. It could be enormous, free energy forever, ready to be converted when you design the methods of capturing it. It's time. …”
Geothermal Energy
Nuclear Energy
Wednesday, January 16, 2008
Ciputra plans new Rp 7t project
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