Jakarta. Alam Sutera Realty, a property developer controlled by the Argo Manunggal Group
is currently negotiating with domestic investors to sell 4.5 hectares of land in Serpong
worth a total of Rp 1.1 trillion ($84 million)
the company said in a statement on Tuesday (09/08)
The property developer expects to wrap up the sale in the near future as part of the company's effort to meet its Rp 5 trillion marketing sales target for this year
The company booked only Rp 966 billion in sales in the first half of this year
Alam Sutra Realty corporate finance and investor relations head Vincent Sjahbana said last week the company expects the income from selling the land and sales from its recently launched residential clusters in Alam Sutera and Pasar Kemis in Tangerang will help the company meet this year's marketing sales target
Marketing sales refer to sales of property units or land before the completion of the project
The developer recently partnered with China Fortune Land Development
a publicly traded Chinese real estate developer
to build the Pasar Kemis residential clusters
Alam Sutera secured a Rp 1.45 trillion security deposit from China Fortune to help fund the development
Alam Sutera and the Chinese developer signed a memorandum of understanding on the project on Dec
China Fortune Land will help develop the project in Pasar Kemis with roles in investment
development and management — including planning
Alam Sutera will provide the land and help out China Fortune in construction and management
said recently there has been a strong sign that investors are now "ready to invest" again in Indonesia's property sector after tending to hold on buying property units thanks to a slow economy and weaker consumer demand
Joseph said the tax amnesty program will start showing a positive note next year as the influx of repatriated fund is more than likely to boost the country's property market
Alam Sutera was also previously reported to show an interest in investing in toll roads to improve transportation to its real estates in Tangerang
The developer is targeting a 32-kilometer toll road connecting Semanan in West Jakarta and Balaraja in Tangerang
The development is estimated to be worth more than Rp 11 trillion
Both Vincent and Joseph declined to reveal further details for the plan
The Vietnamese capital city's air quality worsened to 40.1 micrograms of PM2.5 particles per cubic meter in 2022 from 36.2 in 2021
making it the 18th most polluted among 116 capital cities
The country's most populous city Ho Chi Minh City also saw its PM2.5 concentrations rise 9.3% from the previous year to 21.2 μg/m3
With an annual average PM2.5 concentration of 27.2 μg/m3
Vietnam was ranked the third most polluted country in Southeast Asia
industrial factories and open burning remain significant contributors of air pollution in Vietnam
where PM2.5 concentrations were worse during the dry season from November through April
Long lines of vehicles on a street in Hanoi in April 2022
The Vietnamese government is addressing these sources of pollution
The Ministry of Natural Resources and Environment has partnered with the United States Agency for International Development to launch the "Reducing Pollution" project
which will invest $11.3 million over a five-year period between 2021 and 2026 targeting environmental pollution with a focus on air pollution
Of the 296 Southeast Asian cities included in the IQAir report
only eight satisfied the WHO PM2.5 guideline limit of 5 μg/m3
Vietnam had 7 cities on the list of the 15 least polluted cities of the region
with Nam Sach in the northern province of Hai Duong the region’s cleanest
Indonesia has six cities on the 15 least polluted list
Thailand and Indonesia were the most represented on the list of the 15 most polluted cities in the region
IQAir report measures lung-damaging airborne particles PM 2.5 at 7,323 cities across 131 countries
and is said to have used data aggregated from over 30,000 regulatory air quality monitoring stations and low-cost air quality sensors
Lahore is the most polluted city globally with a PM2.5 level of 97.4 μg/m3
is the cleanest city in the world with a 0.6 PM2.5 concentration
although Canberra is the cleanest capital city (2.8)
Chad is the most polluted country in the world
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