Apartment projects require IDR1.2 trillion investment

JAKARTA: Two leading developers allocate IDR1.2 trillion investment for supporting a luxury apartment project in Jakarta and Tangerang.First, Pondok Indah Group will construct The Windsor spending IDR700 billion located in Sentra Primer Barat of Jakarta
Wandrik Panca Adiguna
Wandrik Panca Adiguna - Bisnis.com 30 Mei 2011  |  01:48 WIB

JAKARTA: Two leading developers allocate IDR1.2 trillion investment for supporting a luxury apartment project in Jakarta and Tangerang.First, Pondok Indah Group will construct The Windsor spending IDR700 billion located in Sentra Primer Barat of Jakarta with a completion target in the third quarter of 2013.Second, PT Supermall Karawaci, a subsidiary of Salim Group, also budgets IDR400 billion-IDR500 billion to build U Residence Apartment located in Karawaci, Tangerang.As confirmed by Felix S. Hasamin, Marketing Director of Pondok Indah Group, the two towers project having 32 floors are handled by Wiratman & Associates and Singapore-based DP Architects Pte Ltd having great reputation on structural and architecture services.The project located in Jakarta is started to construct as about 45% of total units are sold out for the first tower with 170 units. We focus on the first tower in the third quarter of 2011, and then continue to second tower with a target for handover process in the third quarter of 2013, he said, yesterday.In the separate occasion, PT Supermall Karawaci Director Jimmy Salim announced that the construction of apartment on 6,000 square meters area had completed ground breaking process on October 10, 2010.The apartment just has one tower with 1,100 units spreading in 40 floors with a luxury relaxing home concept as hotel apartment. The demand for apartment as residence and investment is still high, he said amidst Celebration & Show Unit Preview, yesterday.Then about 80% of total units of U Residence, within 11 months since pre-launching was held, have been sold out, as claimed by Jimmy.On the construction, U Residence Apartment will be integrated with Supermall Karawaci in superblock area of Supermall Karawaci.After completing, U Residence Apartment will equip other facilities in the superblock area of Supermall Karawaci on 13 hectare area, such as university, five-star hotel, golf course, international-standard hospital, office building, and residential area.25 towersIn the meantime, two towers of Windsor is a part of a plan of 25 towers of apartment and office that will be constructed on 33 hectare area in Sentra Primer Barat of Jakarta, as asserted by Djoko Indarto, Senior General Manager of PT Antilope Madju Puri Indah, a subsidiary of Pondok Indah Group.Later, after completing the project of The Windsor, other 4 combined towers will be constructed and new shopping center as well including on expansion program of Puri Indah Mall.(t01/wiw)

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