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JSI Cancel “Kuningan One Project”

images1.jpgLifestyle centre projects at Mega Kuningan area, “Kuningan One” has been cancelled by the owner of the project, PT Jakarta Setiabudi International Tbk (JSI). This project is for businessman and middle up market segmentation. 

“Kuningan One” is one of the projects who implementing the green concept development at 10.000 meters square for building area in the land of 3.8 hectares with total investment Rp. 40-50 billion. 

Global financial crisis was bringing the negative influence to the company and was canceled this project. JSI will be replacement by the mixed use development project if the economic condition getting better. 

JSI is the owner of Formule-1 hotel at Cikini and Menteng, Jakarta. For this year, the company was planning to build 3 units of Formule-1 hotel at Jakarta, Bandung and Semarang.  

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