Property Marketing and Sales Review
Starting to see resolution in existing pipeline projects, while newly
launched projects in 2020 are expected to finish on time
Completed projects with units ready to be sold
SOLIPPO
PT LIPPO KARAWACI TOK
Project
Stake
Type
Total GFA
(sqm)
Total
residential
units
Target
Completion
FY20 Account FY20 Est. value of
Rec. ($m) Unsold Units ($m)
9M21 Account
Rec. ($m)
9M21 Est. value
of Unsold Units
Percentage
Sold
($m)
Kemang Village
100%
St Moritz Puri
100%
Mixed-use
development
Mixed-use
development
253,337
1,698
Completed
1.3
13.5
2.1
8.4
99%
211,929
1,075
Completed
1.4
4.3
4.8
3.8
99%
Projects recently completed and projects under construction
Construction Status
Achieved sales
Future sales
Projects
Type
Total GFA Launched
(sqm)
Year
Target
Completion
1Q21
Estimated
Costs to
Completion
Project Total
Project Sold
Project Balance
($m)
Total
units
Value
Total Value
Total Value
($m)
units
($m)
units
($m)
Holland Village
Millenium Village
Kemang Hotel*
Embarcadero
Lippo Office Thamrin
Holland Village Manado
Cendana Homes
Cendana Peak
Mixed-use development
Mixed-use development
Grade A Office Space
Mixed-use development
Grade A Office Space
Landed Residential
Landed Residential
85,693
2013
1Q21
15
678
137
523
97
155
40
100,716
2014
Done
LO
5
560
108
376
75
184
34
21,937
2007
Done
95
42
95
42
67,724
2014
Done
20,856
2013
Done
N.A.
2015
Done
20,860
2020
2Q21
2012
721
50
515
34
206
16
63
48
63
48
341
26
331
24
10
2
324
18
324
18
Landed Residential
22,863
2020
3Q21
5
328
19
328
19
Waterfront Estates
Landed Residential
68,807
2020
1Q22/2Q23
16
1,151
70
987
58
164
SoHo at MV
Mixed-use development
6,601
2020
2Q21
3
91
7
34
2
57
15
11
Cendana Icon
Landed Residential
127,308
2021
2Q22
28
809
58
668
45
141
13
Cendana Parc (Ph1&2)
Landed Residential
98,348
2021
HVM Parc
Landed Residential
19,647
2021
2Q22
3Q22
21
1,181
70
1,168
69
13
1
4
127
8
97
5
30
2
Total
97
6,469
661
5,414
494
1,055
167
* Initially planned to convert to office and sell as strata, however process was cumbersome, current plan is to sell it as a hotel post Covid
Source: Company information.
Note: USD/IDR exchange rate for construction cost to completion in 9M21 refers to the average rate between 30Jun21 to 30Sep21 at Rp14,429
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