Oasis Square project to be started next month
Oasis Square project to be started next month
JP/3/OASIS/0
Oasis Square project to be started next month
JAKARTA (JP): A real estate developer will start the
construction of the Oasis Square project, an integrated complex
of apartments, offices and a hotel in Senen area, Central
Jakarta, in July.
"The strategic location of the complex which lies in the heart
of Jakarta could be a strong reason for Jakartans to choose the
apartments as their homes," Yan Mogi, president of PT Sumbermitra
Sarana Realtindo, said Wednesday.
The Rp 250 billion (US$116.2 million) project on a three-
hectare area will have four 24-story apartment towers, a 16-story
office building and a 16-story three star-rated hotel with 250
rooms.
The company, which is 70 percent owned by the municipal
construction company PD Sarana Jaya and 30 percent by PT Sumber
Mitrarealtindo, aims to sell the apartments to the upper middle-
class community.
The apartment units, measuring between 98.5 and 116 square
meters with two or three bedrooms, will be located from the fifth
to the 19th floors, he said. The smaller units of between 63.5
and 69 square meters, will be on the second and third floors, he
added.
There will also be penthouses on the 23rd floor, Mogi said.
Prices will range between Rp 2.7 million and Rp 3.4 million
($1,255 and $1,581) per square meter, he said, adding that the
prices are quite reasonable in view of the location and the
facilities provided.
The facilities offered include a fitness center, tennis
courts, swimming pools, a mini market, clinics and a drugstore,
playgrounds, a cafeteria, parking space and a round the clock
security service.
The first phase of the construction, which will be completed
in June 1996, will only cover three apartment towers with 474
units of various types and the office building. By then, about 70
units of office spaces, measuring between 136 and 327 square
meters, will be available, he said.
The company will start the hotel construction in 1995, said
Mogi. (05)