Construction activity

Construction activity

Thank you for publicizing our biweekly Indonesian Property
Brief on the central business district (CBD) office market on
Wednesday, Feb. 3, under the title "Gloomy outlook forecast for
office space market."

But unfortunately there was a mistake in the article regarding
construction of new office buildings in the Jakarta CBD.

Our report stated that many planned office construction
projects have been put on hold. Only 48,000 square meters of new
office space is expected to come on stream in 1999; i.e. Menara
Jamsostek (First Phase) and a former Danamon Data Center
building. Another 85,000 square meters of new space could
potentially be completed in 2000.

DHARMESTI SINDHUNATHA

Corporate Affairs Manager

PT Procon Indah

Jakarta