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PT Metropolitan Land (Metland) would run faster. After 15 years of existence, the developer of the network of Ciputra Group is optimistic move more expansive with a new strategy aiming.

After the stock issuance plan delayed premiere (initial public offering / IPO) last year, the new strategy was implemented with renewed commitment on the exchange floor. President Director Widya Nanda Metland optimistic wishes come true to go public in June 2010.

IPO considered to be the best strategy for companies with financing than relying on bank loans that had not been done the company.


Being a public company also can raise the prestige assessed because the company in line with the principles of openness that must be strapped to the issuer. Metland firm wishes known as a trusted open.

"Plan Metland IPO next year should be accomplished. Last year we were lucky not used as a second IPO we entered [the listing] is a tsunami in the U.S. economy."

Projected income funds that post-IPO who will be Metland extra energy to develop a wider wings, especially in the residential market lower middle class and new commercial projects.

As the spearhead of the Group MD residential housing in the middle, lower middle, and bottom, has implemented a five Metland housing projects and some commercial projects.

So far the company has developed five housing projects nonvertikal (landed house) is Menteng Metropolitan, Metropolitan Castle, Permata Metropolitan, Metropolitan Park, and Park Cileungsi.

In addition to housing projects in Greater Jakarta, Metland also developed commercial projects in the same area. Hotel Horison and the Metropolitan Mall in Bekasi, and the Metropolitan Plaza, Singleton.

Not satisfied with what is, this developer wants to expand the wings in the housing market lower middle class and new commercial projects. There are three projects that will be developed Metland of fresh funds IPO.

One of them is a middle-class housing projects under the Cibitung. To make it happen, Metland has bought 114 hectares (ha) of land there for residential development costing Rp50 million.

In addition, Metland also plans to establish five simple apartment tower owned (Rusunami) and shopping centers.

"The investment value for the reach around Rp4 trillion to accommodate the land, buildings, and infrastructure."

In addition Cibitung project, will also develop Metland Menteng Metropolitan stage II in the area of 60 ha. This middle-class housing dibanderol for Rp200 million and Rp1 billion.


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