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Courts Asia to open Indonesia stores

Singapore furniture, electronics and IT retailer Courts Asia has partnered with Indonesian real estate company Sinar Mas Land to develop Courts Indonesia stores.

The initial target is to open three to five stores, with the potential for up to 12 stores when suitable sites are identified.

The partners will open the first store on September 14 to be followed by a second store on March 15.

The first two Indonesian stores are expected to contribute to earnings in fiscal 2016.

“In the near term, we still expect earnings growth to be driven by an anticipated spike in completed housing units in Singapore,” said Courts Asia.

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