Jakarta –7th Sept. 2016: The Lippo Group and Mitsubishi Corporation are committed to offer high quality apartment towers located in Orange County, which is set to become a hub in Jakarta Eastern corridor.
In that context, Lippo Group, through its subsidiary PT Lippo Cikarang Tbk (“LPCK”), and Mitsubishi Corporation, through its subsidiary PT Diamond Realty Investment Indonesia, appointed PT Kajima Indonesia to work on Pilling Structure and Design Development for two apartment towers at Orange County those are Glendale Park dan Newport Park Apartments.
The signing ceremony, which took place on Wednesday (9/7) at Kemang Village in South Jakarta, were done by President Director PT Lippo Cikarang Tbk Toto Bartholomeus, Director PT Mitsubishi Corporation Indonesia and President Director PT Diamond Realty Investment Indonesia Takashi Ito, and Presiden Direktur PT Kajima Indonesia Shinji Irie.
“The trust we give to PT Kajima Indonesia to work on piling structure and design development of apartment towers at Newport Park Orange County comes from our commitment to present quality product with the best design,” said Mr. Bartholomeus.
“We are convinced, with its reputation and long-experience in the construction sector, PT Kajima Indonesia will be able to present the best construction for Newport Park at Orange County,” he said.
“We are sure, reputation of PT Kajima Indonesia in construction will be able to make Newport Park as a quality apartment in Orange County,” said Director PT Mitsubishi Corporation Indonesia and President Director PT Diamond Realty Investment Indonesia Takashi Ito.
“The site survey and preliminary work has been commenced on Aug. 29, 2016. After that the work will be continued to development of the super structure in the mid September 2016,” said Direktur/Chief Marketing Officer PT Lippo Cikarang Tbk Stanley Ang.
Newport Park, as it is known, is an apartment will be build by the joint-venture between the Lippo Group and Japanese Mitsubishi Corporation at Orange County.
Newport Park is being markeed. Customers are offered Priority Pass at Rp 10 million per unit (fully refundable). The apartment will be the first in Jakarta Eastern corridor that offers smart apartment features, like retinal access security system, smart doorlock system, smart lighting, and prospective to invest to be rent with returns at about 20%.
Direktur/Chief Marketing Officer at PT Lippo Cikarang Tbk Stanley Ang said “the presence of investor and stakeholder from Japan and overseas confirms Orange County’s presence as a hub in Jakarta Eastern Corridor.”
“Moreover, the location of Orange County is right in the middle of Jakarta – Bandung and right in the middle of seven industrial estates at Eastern corridor. The position of Orange County as a hub in Eastern Jakarta corridor is strengthened by a number of infrastructure projects development which has planned and is currently under construction, including speed-train Jakarta Bandung, which has been groundbreaking in January 2016, LRT line Cawang – East Bekasi route, which is currently being constructed and will be extended at the next phase to Cikarang and Karawang, Patimban future Deep Seaport, Kertajati future International Airport, and also the development planof Automated People Mover (monorail), which currently is in the stage of feasibility study, later it will connect the seven industrial estate at Eastern corridor.”
Orange County is a masterpiece integrated development for 322 hectare of area with a project value of Rp 250 trillion. It offers “The New California City” and provides 32-in-1 facilities.
The 32-in-1 super complete facilities consists of Sky Park, Lippo Mall (390,000 square meter), Luxurious Residential, Shopping Street, Lippo 61 Plaza, Lippo 5 star Hotel (200 rooms), Serviced Apartment, Lippo Tower Office Building, Sky Lounge, Roof Top Bar, Zu Private Membership Club, Convention Center (7,000 audience), Dali Hotel (400 rooms), Fine Dining, Cinemaxx Theatre (10 studios), X-zone, Wellness Center, Grand Chapel (3,000 square meter), SOHO, Japanese Cultural Center, Korean Cultural Center, Senior Homes, Condotel, Green Belt Outdoor Recreation Area, Home Furnishing Center, Helicopter Service, Dormitory, SPH International, YPPH School, Pelita Harapan University, Japan College, and Health City.
PT Lippo CikarangTbk is an urban development with a total area more than 3.000 hectares where industry forms its base economy. PT Lippo Cikarang Tbk succeeded in building more than 14.000 units of residential homes, with a population of 47.700 residents and around 448.000 people working daily in 920 manufacturing companies spread out in the Lippo Cikarang industrial area.
PT Lippo Cikarang is a subsidiary of PT Lippo Karawaci Tbk, Indonesia’s leading and largest listed property company by total assets and revenues, anchored by a large land bank and solid recurring income.
PT Lippo Karawaci Tbk’s business comprises residential/township, hospitals, retail malls, hotels and asset management.
For further information:
Dea Thamrin
Corporate Secretary
PT Lippo Cikarang Tbk
021-8972484//021-8972488
Hong Kah Jin
Director
PT Lippo Cikarang Tbk
021-8972484//021-8972488
