PT Modernland Realty Tbk (MDLN), a midsize listed property developer, plans to raise Rp 1 trillion ($72 million) from issuing bonds, PT PP Properti Tbk (PPRO) tripled its net income to Rp 300 billion ($14 million) last year from 2014, while PT Summarecon Agung Tbk (SMRA) sets aside higher capital expenditures in 2016 to fund more property projects.
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