Mon, 28 Apr 2008
Jakarta (ANTARA News/Asia Pulse) - Indonesian publicly-traded construction company PT Ciputra Development (JSX:CTRA) said it will build luxury homes worth Rp10 trillion (US$1.1 billion) in Palembang and Balikpapan.

The company has secured lands totaling 200 hectare in Palembang and 23 hectares in Balikpapan for the locations of the project. Construction would be undertaken in phases starting this year, company director Tulus Santoro said, adding that implementation would take 5-6 years in Balikpapan and 10 years in Palembang.



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