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PWON – Challenges from Falling Occupancy Rate

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Ajeng Kartika Hapsari
Ajeng Kartika Hapsari
Analyst - Property, Construction
Ajeng Kartika Hapsari
Latest posts by Ajeng Kartika Hapsari (see all)
  • CTRA – Focused in Developing New Cluster in Existing Projects - December 8, 2021
  • PWON – Economic Recovery Boosts Recurring Income - December 1, 2021
  • PTPP – Targeting National Strategic Project (PSN) Contracts - November 22, 2021

PWON booked total revenue of IDR1.34 trillion (315.2% YoY) in 2Q21. Development and recurring income also grew 676.1% YoY and 195.5% YoY. While marketing sales also had a significant growth, the company is currently faced with challenges in the form of falling occupancy rates from several shopping malls under management.

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