Ciputra Development (CTRA) aims to improve income from existing property projects and new ones to be launched in 2016. About 80% of CTRA’s total income comes from the development of 50 property projects scattered across Indonesia, while the remaining 20% is generated from recurring assets. The company registered 11M15 marketing sales of Rp8.8t, which accounts for 92% of its 2015 target of Rp9.5t. As for 2016, management has not set a marketing sales target yet due to economic uncertainties, the impact of government economic stimulus and the higher Federal Funds Rate.
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