Ciputra Residence Secures Rp 350 Billion Loan
Ciputra plans to use the funds to expand on its residential projects.
![Ciputra Residence Secures Rp 350 Billion Loan](https://media.bareksa.com/cms/media/assets/image/2014/07/7491_29c6b4906ac496e52fdae6b8e744e9c6.png)
Ciputra plans to use the funds to expand on its residential projects.
Bareksa.com - Ciputra Residence, the subsidiary of listed property giant Ciputra Development, has secured a Rp 350 billion ($29.4 million) loan from Bank Mandiri to finance new projects across the country.
The loan will be due in one year and is revolving in nature, according to a press statement obtained by the Jakarta Globe on Tuesday.
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