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Ciputra’s Unit May Spend 1.5 Tln Rupiah for Houses, Bisnis Says

Sept. 26 (Bloomberg) -- PT Ciputra Residence, a unit of PT Ciputra Development, may spend as much as 1.5 trillion rupiah to build 1,500 houses in 2012, Bisnis Indonesia reported, citing Ciputra Residence’s President Director Budiarsa Sastrawinata.

Link to Company News:{CTRA IJ <Equity> CN <GO>}

To contact the reporter on this story: Femi Adi in Jakarta at fadi1@bloomberg.net

To contact the editor responsible for this story: Rebecca Evans at revans6@bloomberg.net

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