Ssangyong to build flats

Wed, 11 Sep 1996 | Source: REUTERS

SEOUL (Reuter): Ssangyong Engineering and Construction, an unlisted unit of South Korea's Ssangyong Group, has received an order worth US$57 million to build a luxury condominium complex in Jakarta, the company said yesterday.

A Ssangyong statement said the company had received the order from City Developments Ltd Group, a unit of the Singapore-based Hong Leong Group.

Construction of the three building complex will begin in December and is expected to be completed in October 1998. There will be a total of 398 flats in the complex.

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