Luxury condo to be built in Ancol<\/p>\n
JAKARTA (JP): PT City Island Utama, a member of the Singapore-
\nbased City Developments Limited (CDL) Group, awarded yesterday a
\nUS$51.3 million contract to a leading South Korean company to
\nbuild the Oseania Resort Condominium in Ancol, North Jakarta.<\/p>\n
CDL president Chia Niang Hong and Jun Sun-koo from the South
\nKorean firm, SsangYong Engineering & Construction, signed the
\ncontract at a ceremony at the Hotel Millennium Sirih, Central
\nJakarta.<\/p>\n
The project to cover 22,697 square meters is scheduled to be
\ncompleted by early 1999. It will consist of three towers with 398
\nunits.<\/p>\n
The prime waterfront resort condominium, the first of its kind
\nin North Jakarta, is CDL's first venture into Indonesia's
\nresidential property market, Chia said.<\/p>\n
The project will be adjacent to the Ancol Marina and the
\nTamain Impian Jaya Ancol park.<\/p>\n
Chia said the development, along Jakarta Bay, will offer
\nresidents a resort lifestyle with convenient access to places
\nlike the airport, harbor, business centers and international
\nschools nearby.<\/p>\n
Arranged in an arc, the three towers will overlook a
\nlandscaped open square encircled by scenic views of the Java Sea,
\nthe Ancol Marina, a golf course and clubhouse. (bas)<\/p>",
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"sponsor": "Okusi Associates",
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