PT Pakuwon Jati Tbk. (PWON) allocates Rp1.1 trillion in capital expenditures in 2021 to fund property development projects, property renovations and land acquisitions. PWON prepares Rp100 billion for the renovation and shopping center developments in Yogyakarta and Solo as the retail mall sector is expected to recover this year. The total capital expenditure comes from its internal funding. Meanwhile, the revenue and net profit for 2021 are still audited and it will be completed in the end of February.