BSDE - Aims for IDR8.8 tn of sales in 2023

Bumi Serpong Damai (BSDE) is targeting to attain marketing sales of IDR8.8 tn in 2023, shifting from IDR7.7 tn seen in 2022. The sales of residential properties, especially landed houses, are predicted to cover 65% of the total marketing sales target. Meanwhile, commercial properties, such as lots, land plots, and shophouses, will contribute 17% to the total sales, followed by land sales to joint ventures that will manage the remaining 18%. Earlier this year, the company plans to launch new products with the price ranging between IDR1 bn to IDR30 bn per unit, as well as commercial products, apartments, and lots. BSD City project, its top, most renowned product, aims to bring home 58% of the total revenue, leaving another 42% from other housing projects, such as Grand Wisata, Bekasi; Kota Wisata Cibubur; Taman Banjar Wijaya; and Grand City Balikpapan; as well as The Elements, CBD Jakarta; Aerium, Jakarta Barat; and Klaska, Surabaya. (Source : IDN Financials)