Apartment permits withheld

Apartment permits withheld

JAKARTA (JP): The city administration is withholding building
development permits for two towers of the Taman Rasuna Said
apartments because the developer has not fulfilled barter
agreement obligations.

Assistant to the City Secretary Prawoto Danoemihadjo said that
PT Catur Swasakti Utama (CSU), the developer of the apartment
complex on Jl. Rasuna Said, South Jakarta, has yet to build a
school building in another area to replace the school building it
demolished to make way for the construction of the two towers.

"The developer violated the agreement and regulations by
demolishing the school building and by illegally appropriating
city properties, so the city administration required it to build
a new school in another area. But up until now it has not yet
fulfilled its obligation," Prawoto told reporters over the
weekend.

He said that last year PT CSU illegally appropriated state-
owned property, including the school building.

Many prospective buyers of the apartments have complained to
the developer about the delay in the construction of the project.

Prawoto said the city administration would not allow the
developer to build the two apartment towers until it has
fulfilled its barter obligations.

He explained that the developer had applied for 11 building
permits to build 11 towers. The city administration granted nine
of the permits, while the other two have been withheld due to the
developer's failure to comply with the requirements set.

Currently, the developer, PT CSU is 100 percent controlled by
Bakrie Investindo, a holding corporation of the widely
diversified Bakrie business group. (yns)