Half of Citraland apartments has already been sold
Half of Citraland apartments has already been sold
JAKARTA (JP): Citraland Regency, a posh 24-story apartment
project owned by PT Citraland Liang Court on Jl. Dr. Satrio in
Central Jakarta, has already sold 50 percent of its units, an
executive said yesterday.
The company's president, Candra Ciputra, said that 72 of its
142 apartment units were already bought by local people and he
was optimistic that the remaining 70 units would be sold by their
completion in Nov. 1995.
"The demand for luxury apartments in Jakarta will remain high,
especially for the ones that are located in a strategic area and
that offer first class facilities," Candra said at the
inauguration of the apartment's show unit near the project
location.
Trevor Peach of Colliers Jardine Indonesia, a property
consultant firm, said over the weekend there are over 40,000
well-off couples interested in buying apartment units near their
offices.
Peach said that about 15 million people are projected to live
in Jakarta by the year 2005 and it will be impossible to have
houses outside of the city for traffic-related reasons.
Candra said that the project, which is 51 percent owned by PT
Ciputra Development and 49 percent by Liang Court Holdings of
Singapore, will be built with an investment of US$85 million.
He said that the selling prices of the units range from
$300,000 for a 120-square-meter standard apartment to $1.7
million for a 704-square-meter penthouse.
According to Candra, the apartment will have two 24-story
towers. The first tower will have 142 units, of which all are for
sale, while the second one will have 163 units for rent only.
The tower with units for sale consists of 76 units with two
bedrooms, 59 units with three bedrooms and seven penthouses with
five bedrooms.
The towers' interior is being designed by Cadiz Design Group
of Singapore with the assistance of an Indonesian design firm,
Grahacipta Hadiprana.
Responding to a question concerning the construction licenses,
Candra said that the company has obtained all the required
documents including the principle permit of land use (SIPPT), the
building permit (IMB) and also presidential approval.
Candra said that the 1.1-hectare apartment project is part of
a 13.5-hectare superblock named CitraLand Golden Triangle, a
complex which will consist of office towers, hotels, shopping
centers and recreational spots. The complex is also owned by
Ciputra Development. (mas)