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Kota Deltamas will Increase Recurring Income

by Sebastianus Epifany Monday, September 4, 2017 - 15:27

JAKARTA - PT Puradelta Lestari Tbk (DMAS), developer of integrated area of Kota Deltamas is seeking to increase recurring income contribution to the company's revenue this year. Tondy Suwanto, Director of Puradelta Lestari, said the recurring income comes from the management of the area and investment properties.

Tondy Suwanto explained that regional management revenue comes from clean water management, wastewater management and maintenance fee. Revenue from this segment is predicted to increase along with the increasing number of tenants operating in Kota Deltamas.

"The recurring income contribution will continue to increase along with the increase of industrial activity in Kota Deltamas. In this year, two large-scale automotive companies have started operating in our industry," said Tondy in a press release (4/9).

Two leading automotive companies SAIC GM Wuling and Mitsubishi will begin operations this year. SAIC GM Wuling occupies 60 hectares of land already purchased in 2015, while Mitsubishi occupies 51 hectares of land purchased in the same year. The Mitsubishi plant has been in operation since last April, while SAIC's GM Wuling factory has been operating since last July.

Meanwhile, DMAS has also built investment properties such as serviced apartments and rental factories. Serviced apartment Le Premier has been operating since 2016 with a capacity of 126 units which has now been completely rented out.

"The demand for Le Premier serviced apartments is very high, especially among expatriates working in the industrial area of Kota Deltamas and in Cikarang area in general", added Tondy which also explains that the rental factory in Kota Deltamas has been completely rented out.

Industrial activity development and increasing work population also impact the growth of a commercial and residential area of Kota Deltamas. "In the future, recurring income will also continue to increase along with the development of commercial and residential areas in Kota Deltamas that we are developing," added Tondy.

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