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)