Signing of MTN VIII between PT WIKA Realty and PT Asta Kapital

Friday, 26 July 2019

PT Wijaya Karya Realty signed the Medium Term Notes VIII ("MTN VIII") with PT Asta Capital as the arranger on 26 July 2019. WIKA Realty also cooperates with PT Bank Bukopin as its trustee of Rp 300 Billion issued from the medium-term funds. The signing ceremony is attended by Agung Salladin President Director and Adang Hamdani Finance and HC Director of WIKA Realty as well as Asta Capital and Bank Bukopin management.


In 2019, WIKA Realty plans to develop 16 new projects in the Greater Jakarta and its surrounding areas. The projects consist of 4 mixed use residences in Jakarta, 4 apartments in the surrounding area of Jakarta, 3 township development, retail area in Ciledug, and retail heritage village in Bandung. Currently, some of the 16 new projects have started to be marketed and some of them have started its construction, including Benhil Central, Jakarta, Tamansari Skyhive Jakarta, Tamansari Bintaro Mansion, and Tamansari Metropolitan Manado II. Meanwhile, several other projects are still processing its licenses.


As stated in the Company Budget & Work Plan, this year WIKA Realty is targeting to earn marketing sales amounting to Rp 3.1 trillion, which is nearly double the previous year's marketing sales of Rp 1.4 trillion. Agung Salladin President Director WIKA Realty revealed that the company is optimistic that it could reach the target. "We are optimistic that the development of our current projects is enough to convince the market. We have also noted a number of commitments to purchase bulk sales over our property that we hope the deal can be realized in the second semester," Agung Salladin continued.


As of June 2019, WIKA Realty has marketing sales in the amount of IDR 630 billion, which is the result of the contribution of both the latest and the existing property. The biggest contribution of its marketing sales amounted to Rp 398 billion is obtained from landed house and low and high rise properties, including Tamansari Puri Bali II in Sawangan, Tamansari Grand Samarinda, Tamansari Bandung Panoramic, Tamansari Kencana Bandung, Tamansari Cendikia Semarang, Tamansari Emerald Surabaya , Tamansari Gangga Bali, Tamansari Skylounge Balikpapan, Tamansari Skylounge Makassar, as well as several recurring properties.