Jaya Real Property Tbk (JRPT), a property developer, has realised 75% of tis capital expenditure (capex) set for the fiscal year (FY) 2024.
Yohannes Hengky Wijaya, Vice President Director of JPRT, mentioned that the company has prepared capex budget of IDR 400-500 billion this year. “As of now, it has been [realised by] 70-75%,” he added.
The allocated capex realised by JRPT as of now, added Wijaya, has been channelled to the development of existing landbank, including infrastructure construction, as the company did in Bintaro Jaya.
“The latest facilities in Bintaro Jaya will become the destination that will enhance life quality of the residents,” said Wijaya.
For the record, as of now, JRPT, through one of its subsidiaries, PT Deltacendana Citrapersada, is currently developing a new district named Royal Batavia. This premium residential project will be erected over an area of 112 hectares, and is a part of Bintaro Jaya development project. (KR/ZH)