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ublicly listed developer PT Intiland Development said that the company recorded marketing sales of about Rp 1.15 trillion (US$116.27 million) in the first four months of this year, more than half of the company's target of Rp 2 trillion for the year.

Intiland director of capital management and investment Archied Noto Pradono said that the company aimed to increase its revenues by 25 percent from last year's revenues of Rp 1.26 trillion by focusing on high-rise buildings and mixed-use development projects.

About 65 percent of its projects are located in Jakarta while the rest are in Surabaya, East Java.

One of its main projects for 2013 is 1Park Avenue in Gandaria, South Jakarta; condominiums and apartments that sold for Rp 27 million per square-meter. Aeropolis, a mixed-use complex in Tangerang, comprises a residential area, commercial park and hotel, with a price range of between Rp 12.5 and Rp 16.5 million per square-meter.

Intiland's Whiz hotel chain, which has opened hotels in Yogyakarta, Semarang, Bali and Jakarta, is targeting to open a total of 27 hotels. Intiland also owns Ngoro Industrial Park in East Java.

In 2012, Intiland's total revenues increased by Rp 332 billion or by 34 percent to Rp 1.26 billion, thanks to sales of Serenia Hills, a luxury residential complex in TB Simatupang area in South Jakarta and Graha Natura in Lontar, Surabaya. New profits increased to Rp 181 billion in 2012 from Rp 140 billion in 2011.  (nai)