Sunday, June 22, 2008

The St Moritz

Location : Puri Indah, West Jakarta

Comprise of 17 skyscrapers, including a 65-storey tower.

- It will be built on a 12 hectare land, and will cost $1.2 billion, and total building area of 1 million square metres.

- There will be three phases. The first phase will be 3 apartment towers, they should be completed by end-2010/early 2011.

- According to the website, it will have Jakarta's largest exhibition centre, 500-suites 5-star hotel, and 45 hectares of shopping area.

"We will build 2,600 residential units and expect to have at least 13,000 people living in this new township," Lippo director Michael Riady told reporters at the press conference. Prices for the units range from $90,000 for a two-bedroom suite to more than $300,000 for a five-bedroom one.