Sahid grand apartments to be ready

Sahid grand apartments to be ready

JAKARTA (JP): The Sahid group's luxurious apartment project,
with an investment of US$83 million, built at its hotel complex
on Jl. Jend. Sudirman, Central Jakarta, is expected to be
completed next March, its owner Sukamdani S. Gitosardjono said
Saturday.

Sukamdani told reporters after a ceremony of the apartments
roof topping that the project, called the Sahid Palace Executive
apartments, will consist of two towers with 188 rooms and four
penthouses.

Its two bedroom units will be sold at US$500,000 each and the
three bedroom units at US$700,000 while the penthouse costs US$2
million, he said.

"This is our first project in property and will soon be
followed by other apartment projects in Surabaya, Bali and Bintan
in the near future," Sukamdani said.

He said that 60 of the 188 rooms have been bought by Sahid
Jaya Hotel to accommodate its long staying guests with cheaper
rates than those charged by the hotel. (yns)