INDONESIA PRESS-Lippo Cikarang sees 2014 marketing sales at 2 trln rph -Investor Daily

Thu May 8, 2014 9:09pm EDT

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Property developer PT Lippo Cikarang, a unit of PT Lippo Karawaci, is targeting full-year 2014 marketing sales of 2 trillion rupiah ($173.01 million), said Director Susanto, after recording marketing sales of 226 billion rupiah in the first quarter.

The firm plans to develop a central business district on a 320-hectare site in Cikarang, Bekasi, by 2020, with a total investment of 6 trillion to 10 trillion rupiah. Construction is expected to commence in the fourth quarter of this year. (Investor Daily)

Note: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 11560 rupiah) (Compiled by Jakarta Newsroom; Editing by Sunil Nair)

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