Metropolitan Land (MTLA) Still Focuses on Residential Projects in 2024

ILLUSTRATION. PT Metropolitan Land Tbk (MTLA) will still focus on residential projects in 2024.

Reporter: Pulina Nityakanti | Editor: Khomarul Hidayat

KONTAN.CO.ID – JAKARTA. PT Metropolitan Land Tbk (MTLA) will still focus on residential projects in 2024.

MTLA Director Olivia Surodjo said that in 2024 MTLA will continue to develop ongoing projects, both residential and commercial.

“The new projects will be the Metland Cikarang and Metland Kertajati residential projects,” he said to Kontan, Tuesday (19/12).

According to Olivia, landed houses will still be the focus of MTLA’s work and superior products in 2024.

“Almost all ongoing residential projects are planned to release their newest products in 2024,” he said.

Also Read: Metropolitan Land (MTLA) Has Pocketed Marketing Sales of IDR 1.5 Trillion

Just so you know, MTLA has recorded marketing sales or pre-sales revenue consisting of recurring revenue of IDR 1.5 trillion as of November 2023. This achievement is around 83% of the annual target.

Olivia said, MTLA has implemented several strategies to increase marketing sales this year. For example, holding the Metland Blanjaproperti – Year End Promo program to attract potential consumers to get DTP VAT incentives.

“MTLA is quite optimistic that it can achieve its performance targets by the end of 2023,” he said.

2024 is a political year. As a result, there are several impacts that will affect the performance of the property sector. For example, there is a possibility that people are holding back purchases.

However, it is hoped that stimulus from the government for the property industry will encourage potential consumers’ purchasing decisions.

MTLA sees that sensitive issues in 2024 will be political issues and global economic conditions which could affect domestic economic conditions, such as increasing interest rates.

However, said Olivia, MTLA does not see this from a pessimistic perspective, but rather anticipates and is careful in dealing with it.

“For several business factors, the political year is actually a good moment, such as the MICE business in hotels,” he said.

Unfortunately, Olivia has not been able to explain MTLA’s performance targets in 2024.

“The revenue and profit targets in 2024 are still under internal company discussion, so they cannot be published at this time,” he added.

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