JAKARTA (yosefardi) – Property developer PT Bakrieland Development Tbk (ELTY), through its unit PT Graha Multi Insani, will launch its apartment and hotel project in Yogyakarta, central Java, Saturday (Nov 9).
The project costs Rp200 billion, funded by the company’s equity and bank loan. The company however has obligation to pay its matured bonds worth Rp1.5 trillion to Bank of New York.
This project covers 3,000 square meter land area, offers 2 types of apartment with 176 and 96 units each, and 3-star hotel with 112 rooms.