C. Jakarta to get new apartments

C. Jakarta to get new apartments

JAKARTA (JP): Amid tough competition in the property sector, a developer is completing a new apartment building in Central Jakarta.

PT Duta Pertiwi held a topping off ceremony of the Graha Cempaka Mas apartments on Friday, a change of name from Grand Cempaka, following the government's drive to use local names.

The compound will also have 161 shop/houses which will be ready by April. The 888 apartments are expected to be completed by October.

"Local middle to upper class income families are our target," said Glen Hendra Gunadirja, executive director of the Graha Cempaka Mas project. He added that all apartments have been sold.

Graha Cempaka Mas is the first phase of the project, while the construction of a trade and business center on 1.4 hectares of the compound will come next. The plot was formerly a garbage dump.

"When completed, this compound will provide the local community closer access to shops," said Muktar Widjaja, director of PT Duta Pertiwi. (14)