Dharmala to start selling Pantai Mutiara apartments

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)