30 Sep '17, 9pm

Pacific Star Development to jointly develop waterfront project in Jakarta - Commercial Property Auctions News

Pacific Star Development to jointly develop waterfront project in Jakarta - Commercial Property Auctions News

E-mail to friend Bookmark & Share Singapore-listed Pacific Star Development is set to develop a mixed-use waterfront project in Jakarta, Indonesia. This comes after its wholly-owned unit PSD Singapore entered into a non-binding memorandum of understanding (MOU) with Indonesian developer PT Kukuh Mandiri Lestari (KML) to jointly develop a mixed-use high-rise development on 10ha of sea-front land in in Pantai Indah Kapuk 2 (PIK 2). Marking the second phase development of the Pantai Indah Kapuk project, the 1,000ha PIK 2 will feature commercial, residential, hospitality, and recreational facilities. PIK 2 is master developed by KML, which is a 50:50 joint venture between two established Indonesian developers, with strong portfolios of notable developments and businesses across Indonesia. “We are committed to our ASEAN expansion strategy and Indonesia, as the largest economy i...

Full article: http://www.commercialguru.com.sg/property-management-news...

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