LPKR reported 6M13 marketing sales of Rp2.6tn

LPKR: Lippo Karawaci (LPKR) [1,350 -10 (-0,7%)] reported 6M13 marketing sales of Rp2.6tn, +14% yoy with major contribution from Lippo Cikarang (Rp1.2tn), apartments in Holland Village (Rp478bn), and apartments/offices in Kemang Village/St.Moritz (Rp459bn). Starting September 2013, the company will launch a new mixed-used development in Bintaro, followed by apartment towers in Kemang Village and Lippo Village, to support our FY13 sales target of Rp6.3tn, +34% yoy. Recently, LPKR [1,350 -10 (-0,7%)] has acquired 2.5ha land in Panakukang (South Sulawesi) to be developed as future mixed-used development. (Company)