Wednesday, 11 December 2019 | 06:37 WIB

Indoserena, China SOE to Build Lumina City Tangerang

Illustration (doc.rumah123)

TANGERANG, NETRALNEWS.COM - PT Indoserena Dwimakmur teams up with Chinese State-Owned Enterprises (SOE) China Triumph International Engineering Co. Ltd (CTIEC) in building Lumina City superblock situated in Jalan Gatot Subroto, Tangerang City.

“We predict to construct Lumina City which includes four-tower apartment, one-tower condominium and one mall takes a period of five years, hence requiring a trusted partner to complete it,” Director of PT Indoserena Dwimakmur Pujiko said, Sunday (1/22/2017). 

Pujiko as cited by Antara said that CTIEC is a China’s SOE which operate businesses including contractor, technical planner, and procurement of construction materials for infrastructure projects, hence its presence as a partner in construction investment is deemed right. 

Pujiko continued in addition to CTIEC the company also collaborates with several partners to sustain the project construction, among others in network with Fiberstar, American Standard and in construction with JHS System.

In the beginning stage, Pujiko added, one-tower apartment will be constructed starting next month and is expected to be handed over in the next 30 months. As of now the first tower has sold about 50 percent.

Investment required for developing the project, Pujiko continued, reaches IDR2 trillion by occupying a total land area covering 33,000 square meters situated by the roadside of Jalan Gatot Subroto which is a business and industrial estate.

Pujiko said the apartment’s existence would ease employees who during the period are working in the region but staying in others. Moreover, housing rental rates in the area are already quite high ranging from IDR2.5 million to IDR3 million a month.

The next target is new families in the area, which typically are the second generations of old residents who need dwellings. 

Meanwhile, Wang Linguo from China Triumph International Engineering Co. Ltd said that the cooperation is made in technology, management and financial sectors.

The company trusted the construction to local contractors including labors. The reason of picking collaboration in the area is aside from many industries related to China country, Wang also considered Tangerang City still needs more residential for workers.

Wang was optimistic with a price starting from IDR250 million for studio type, enthusiasts for Lumina City apartment are very high, moreover, the superblock also accommodates ballroom and Blitz cinema in addition to shopping mall. (*)