Property Companies Plan to Cut Marketing Sales Target Amidst Covid-19
Tuesday, 28 April 2020
The Covid-19 pandemic puts pressure on various business lines, including the property sector which has driven three property companies to lower their marketing sales target. Aiming for Rp6.7 trillion, PT Ciputra Development Tbk (CTRA) just managed to obtain 17.01% of its target and it is forced to recalculate its target. PT Perintis Triniti Properti Tbk (Triniti Land) plans to cut its marketing sales from Rp800 billion and PT Andalan Sakti Primaindo Tbk (Ansa Land) only secured Rp15 billion of pre-sales in the first quarter.
Back to News