PP Properti Invests Rp500 billion in Surabaya’s Apartment

PP Properti (PPRO), subsidiary of state construction firm Pembangunan Perumahan (PTPP), invests Rp500 billion to build an apartment, called Grand Shamaya in Surabaya, East Java. This fund is sourced from bank loan (70%) and internal cash (30%). Project Director of Grand Shamaya project, Nurjaman said the handover of the project to consumers are set to be carried out in 2021. Grand Shamaya is a Premium Residential Private Luxury Resort in Surabaya.