Jones Lang LaSalle reported Q1 2010 market absorption of lease-apartments and condominium residential which has increased by an average 25% yoy to around 1,500 units. This is a significant improvement in comparison to 2009 figure, especially for condominium where had experienced slow in demand over the year, booked only at reached 2,500 units, compared to Q1 2010 that the sales of 780 units. Jones Lang LaSalle predicts the demand for condominium this year could go up to 4,500 units, or a 60% increase from last year’s figure.
The upward trend is reflected on CTRA sales figure, which as per Mar10, the sales of its strata-title products from the Ciputra World Surabaya project has exceeded by 51.8% of the Q1 2010 target. The company is currently trading at 40% to our NAV10. Other company within our radar is ELTY, which currently trading at 60% to our NAV10.
Tidak ada komentar:
Posting Komentar