JAKARTA (Yosefardi) – PT Astra International Tbk (ASII) and Hongkong Land Group Limited had confirmed to build apartment in Tanah Abang, Central Jakarta.
The apartment will be built on a land area owned by PT Brahmayasa Bahtera, subsidiary of Astra International. Brahmayasa had issued new shares, absorbed by Hongkong Land, amounting 40% of total company’s shares.
Beside, Astra International through its entity PT Menara Astra will build office building on 7,930 square meters owned by PT Toyota Astra Motor. The land is valued for Rp432 billion.