Third of four towers sold at Four Seasons complex

Third of four towers sold at Four Seasons complex

JAKARTA (JP): The Four Seasons Regent Residences complex has
sold 45 percent of rooms in the third of its four towers
currently under construction in Setia Budi district, its managing
director said yesterday.

David Salim said the percentage of sales occurred within the
past two weeks.

The good response from the public is in line with the
successful sales of the first and second towers, in which Four
Seasons has sold 95 percent of the rooms, Salim said.

The construction of the first two towers, which have 234
apartments, started last November and is scheduled to be
completed in October 1998. The third and fourth towers are
expected to be completed in December 1999.

The rooms of the four 35-story tower project, which is
estimated to cost about $190 million, are being sold for between
$500,000 and $3.5 million a piece.

Each tower has 12 penthouses which will cost $1.2 million each
and two grand penthouses which will cost $3.5 million each.

The Four Seasons apartments are owned by PT Dewata Wibawa and
two Japanese companies, Nissho Iwai Corp and Toyo Real Estate Co
Ltd.

In conjunction with the third tower's sale, the company held a
six-day painting exhibition, displaying paintings by well-known
European painters, including Pablo Picasso, Marc Chagall and
Pierre Auguste Renoir.

The exhibition was opened by Minister of Education and Culture
Wardiman Djojonegoro at the Four Seasons Regent Residence's model
at Jl. Jend. Sudirman Kav. 77, South Jakarta, last night.

"This exhibition is expected to help improve the horizons of
local artists and give them a chance to know more about European
paintings from the last three centuries," Sudwikatmono, president
of PT Dewata Wibawa, said.

The exhibition, titled The European Masters, is being
conducted jointly with D'Art Sepia Gallery; Mrs. Astari Rasjid,
arts consultant for the Four Seasons; and Mitra Mandiri
Foundation, an affiliate of United Way International, chaired by
Mrs. Atie Wardiman.

Sudwikatmono also said last night his company had donated Rp
25 million (US$10,245) to the Mitra Mandiri Foundation to help
the foundation's activities, which include helping street
children.

Atie Wardiman welcomed PT Dewata Wibawa's donation, saying the
fund would benefit the foundation's social programs, and
especially the children of poor families. (hhr)