Dharmala to start selling Pantai Mutiara apartments

JAKARTA (JP): Publicly listed developer PT Dharmala Intiland will start selling apartments in the fourth tower of the Pantai Mutiara Apartment project on Aug. 2, the company's president said Saturday.

PT Dharmala Intiland's president, Hendro S. Gondokusumo, said the 23-story tower would be on eight hectares of reclaimed land.

Hendro said the sale of apartments in the fourth tower would be launched after the successful sales of the first three towers since July 12.

The company's vice president, Kuning Suria, said "about 90 percent of the apartments in the first three towers have been sold".

The Rp 150 billion (US$62.5 million) apartment project is part of the 100-hectare Pantai Mutiara coastal housing complex in Pluit, North Jakarta.

"We have planned the project in line with the government plan to develop a waterfront city on the north coast of the capital," Hendro said.

Each of the four towers has between 144 and 156 apartments and three penthouses.

He said the construction of the four towers was expected to be completed in 2000.

Kuning said the apartments, which are on a small artificial island, would have a tropical landscape setting, a swimming pool, tennis courts, a fitness center and meeting rooms.

He said the apartments had from one to three bedrooms and cost between US$60,000 and US$500,000 with a Rp 2 million downpayment.

Target buyers are people who want to have a view of the sea, Kuning said.

"Some of the buyers are people whose relatives live in the Pantai Mutiara coastal housing complex," he said.

Hendro said his company was cooperating with several local and foreign companies, including Metacom Pranata, Woltrowindo and Ove Arup & Partners International of Britain and America's WATG architect firm, to build the project.

Ove Arup & Partners International designed the foundation and structure of Japan's Kansai Airport.

He said the apartment's designers consulted a hong sui (Chinese belief on home location) expert.

"It's a good location according to hong sui," he said. (jun)