Corporate digest

Pacific Star Development

PACIFIC Star's wholly owned subsidiary, PSD Singapore Pte Ltd, has signed a non-binding memorandum of understanding with PT Kukuh Mandiri Lestari to jointly develop mixed-use high rise developments on 10 hectares of prime sea-front land in Pantai Indah Kapuk 2 (PIK 2) in Jakarta, Indonesia.

PIK 2 marks the second phase development and extension of the Pantai Indah Kapuk project and will be developed into an integrated township.