CTRA - A IDR5.1 tn in 1H23 marketing sales

CTRA - A IDR5.1 tn in 1H23 marketing sales Ciputra Development (CTRA) posted a 27% yoy higher marketing sales in 1H23. With this achievement, CTRA targets its marketing sales to reach IDR9.8 tn or higher from the initial target of IDR8.9 tn. This optimistic target reflects a 18.93% yoy increase from last year's (IDR8.24 tn). If CTRA could achieve the new target, CTRA would record its highest marketing sales since 2015 (IDR9.17 tn). CTRA targets its business growth from all major project located in Medan and Makassar, as well as in metropolitan cities; Jabodetabek and Surabaya. CTRA is also preparing to launch a number of new projects, including Citra City Sentul, Citra Garden Bintaro and Citra Land Sampali Kota Deli Megapolitan. In addition, CTRA also launched new clusters in ongoing projects, such as Citra Land Gama City Medan and Citra Land Tanjung Morawa Kota Deli Megapolitan (Source: Bisnis Indonesia)