Indonesian Political, Business & Finance News

Summarecon reaffirms property claim

Summarecon reaffirms property claim

JAKARTA (JP): PT Summarecon Agung, a publicly listed property developer, reaffirmed yesterday its claim to the rightful ownership of the piece of land in its Kelapa Gading housing estate on which public facilities have been built and have been donated to the Jakarta municipal administration.

Summarecon's Financial Director Maryono made the reconfirmation in response to the claim to ownership of the property made by PT A.M. which last week triggered a fight between Summarecon's and PT A.M's security guards.

Maryono said Summarecon had bought the property from Hanapi bin H.Amsar and Mrs. Naproh binti H.Amsar, the rightful owners, a long time ago and had built public facilities on that land.

Summarecon recently handed over the land and the public facilities to the municipal administration as part of its obligations related to the development of the Kelapa Gading housing estate.

Maryono told reporters yesterday that based on the verdict of the North Jakarta District Court No.282/94 dated Aug.10, 1994, Notary Public Edison Sianipar's deed on the land transfer to PT A.M has been declared null and void and Hanapi bin H.Amsar and Mrs. Naproh binti H.Amsar have been declared the rightful owners of the three-hectare land.

He said PT A.M initially filed an appeal against the verdict but then decided to withdrew the appeal late last September.

"Therefore, PT A.M has no right whatsoever to claim the property," Maryono added. (vin)

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