Indonesian Political, Business & Finance News

Point Square to be reviewed

| Source: JP

Point Square to be reviewed

JAKARTA: The Jakarta Spatial Planning Agency will reorganize
the use of 1,500 square meters of land that now serves as Point
Square shopping mall in Lebak Bulus, South Jakarta,
Tempointeraktif.com reported on Wednesday.

The agency's director, Nurfakih Wirawan, said that the site
was actually designated as a green area rather than for
commercial use.

"Besides that, a half hectare of land nearby that is supposed
to be used for the ring road now serves to provide access to the
parking lot," he said.

In the city's masterplan, the land occupied by Point Square is
supposed to serve as a park.

However, in 2003, the developer paid Rp 305 million in
compensation in return for which it received building and land
use permits. -- JP

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