Mon, 02 Jul 2007
Property developer PT Bakrieland Development said it has bought an additional 8.8 hectares of land in the Rasuna Said business district in South Jakarta, raising its total land ownership in the area to 53.5 hectares, Thomson Financial reported.

Corporate secretary Nuzirman Nurdin said the firm paid Rp9.5 million per sq meter, well below the average market price in the area of Rp10.7 million.

The company is developing a site in Rasuna Said for a cost of about Rp3.5 trillion, which will include an office tower, apartments, a concert hall, a media center and a park.

Nurdin added the company has also purchased 110 hectares of land in Bogor, about 60 km east of Jakarta, raising its total land bank in the area to 210 hectares.


Tue, 03 Jul 2007
From: JakChat
Comment by chewwyUK
oh those honest Bakrie boys know how to make a deal. It would be nice to see this lot get what they deserve wouldn't it!



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