Greenwood Sejahtera Tbk.

Brief of Company Background

PT Greenwood Sejahtera Tbk is comitted to becoming a leading real estate (property) developer with an integrated business strategy. Its project consist of office buildings, apartment towers, convention hall, shopping malls, trade centers and hotels. In order to achieve its goal, the company is dedicated to deliver quality product and become a trustworthy partner that renders real benefits for customers and business partners.The Indonesian property market cycle is influenced by changes in both global and domestic economic condition, as well as the level of purchasing power towards property products.Positive economic growth rates, well-controlled inflation, declining interest rates and increasing consumer purchasing power are factors that significantly influence the property market condition in Indonesia. It is expected that Indonesian property industry will continue to grow.During the post Asian Economic crisis in 1997/1998, the Indonesian property industry experienced a series of ups and downs. The market began to stabilize in year 2000, as the country moved towards economic recovery.The lowering of the Bank Indonesia interest rate to 6,5% will result in lower credit/loan interest rates and bring a fresh prespective into the property market.The increasing supply of office buildings, shopping malls, apartment towers and hotels in recent years is an evidence that the Indonesian property market is rapidly recovering, in particular the office space segment which indicated attractive positive growth.

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