KG Global bets on Jakarta's luxury apartment demand
Add BT as a preferred sourceJakarta
ABOUT 18 months ago, just as work got started on their 250,000 square-metre Mangkuluhur office and residential complex in central Jakarta, Petter Hendrady sat down with his father Harry Gunawan to decide when to start marketing out space.
High on the agenda was the question of when to begin sales of 87 ultra high-end apartments perched on top of the upcoming Regent Hotel. Their developer, KG Global Development, reckons they will be "masterpieces". Some would be decked out with a 10-metre pool, two private lifts, and will span up to 1,000 sq m.
TRENDING NOW
DBS completes US$1 billion significant risk transfer deal, a first for Singapore bank
About 1 in 7 Singapore families has income of at least S$30k a month; share almost doubled in 5 years
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Not in education, employment or training: Why more Hong Kong youths are opting out of work
