St. Moritz will become to a global city in Asia
— yulyanto • June 18th, 2008
Mochtar’s first grand son, Michael Riyadi will leading the projet of St. Moritz Penthouse and Residences in this year projects, a multi billion dollar projects to establish a new business district in Puri Kembangan, West Jakarta.
St. Moritz will have 17 buildings that will provide 11 centers in one area, including office buildings, apartments, schools, a hotel, a hospital and a mall.
This project will be a blast in the future and will help people to cut commuting time in Jakarta. The office building has 65 floors and will be the tallest in Indonesia.
The 135-hectare land plot is designed to be a self-sustaining business district with a block concept. We also want the new business district to be a global city, competing not with other developers, but with other cities in Southeast Asia.
This projects will become to a global city in Asia and also have a competitive advantage. Property prices in Jakarta are among the cheapest in the world.
According to Global Property Guide 2008, the average apartment price in Jakarta is US$1,068 per square meter while in Manila it is $1,969. In Kuala Lumpur, it’s $1,400 (www.thejakartapost.com).
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