PT Wika Realty celebrates its 17th anniversary on 20 January 2017

Friday, 20 January 2017

As our company reached the milestone of its 17 years experience in the property and realty industry, we have established over than 30 properties that includes housing estates, apartments and condotels, and office buildings. In addition, Wika Realty has established 5 subsidiary companies in regards of its projects development that shall be on progress starting this year.

Based on our reports in 2016, Wika Realty has successfully achieved slightly more than Rp2 billion marketing sales. While, this year we aimed to increase the number by 10% to approximately at Rp2,2 billion marketing sales. Wika Realty is optimistic that the property business will be in better position this year as there are several government regulations that support the industry. Thus, our company has set up strategies to support the company's course of business. As the instance, we are increasing more land bank for development of new projects in the future.

Wika Realty currently has total land bank on a consolidated basis in an area approximately of 200 ha located in major cities of Indonesia, such as Medan, Jakarta, Bandung, Bogor, Sawangan, Pelabuhan Ratu, Yogyakarta, Semarang, Surabaya, Bali, Balikpapan, Samarinda, Kendari, Makassar, Manado. While, Wika Realty had and currently developing its land bank of 32 ha. Moreover, in 2017 the Company will develop its new projects while continuing the development of projects that have been running. Furthermore, the new projects that will be develop includes of 3 (three) housing estates, 6 (six) apartment and condotel, and 5 (five) projects in subsidiaries.

With support from the government as well as various accomplishments from the previous year, Wika Realty is optimistic the property business will run better again and the company can achieve the set targets in 2017.