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Lippo sets a Target to Build Two Apartment Towers Per Year

PT Lippo Karawaci Tbk (LPKR), property developer arm of Lippo Group, expects to build one to two towers each year in the Millennium Village, Karawaci.

04 March 2016
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KARAWACI, KOMPAS.com - PT Lippo Karawaci Tbk (LPKR), property developer arm of Lippo Group, expects to build one to two towers each year in the Millennium Village, Karawaci.

"How many  we build  every year depending on how the market can absorb. However, the target of at least annually tower will be built," said Associate Director of Lippo Homes, Anna Dharmadji in Lippo Karawaci, Banten, on Friday (27/11/2015).

Currently, Anna said, LPKR Fairview and Hillcrest middle market in the area of the development of the Millennium Village.

This region, claimed as an integrated property project superstores. Integrated development usually takes only 7 hectares of land at least.

However, for the Millenium Village, available land is 70 hectares. With such a large area, the area is like a similar project in Singapore, New York and other global cities in the world.

Beside apartments, there are other elements in it. Such as a condominium, hotel, malls, educational facilities, and health facilities.

Two towers were launched since August 2014, had absorbed 70 percent of the total available units of 500 units.

"Since we launched in 2014 to Fairview has sold 100 percent and Hillcrest 60 percent," said Anna.

Millenium Village superblock development would be worth Rp 200 trillion. The latest project LPKR largest property and were developed with the concept of global smart city.

The plan, the Millennium Village located in Lippo CBD area will be filled 12 properties, namely the Millennium Sky Park, Groove Shopping Street, Universitas Pelita Harapan (UPH), UPH College, and Lippo Hotels and Boutique Hotel.

Additionally, ZU Private Club, Siloam Hotel City, Lippo Museum of Art, Lippo Offices, Lippo World Expo, and The Art Districts. LPKR will also provide green spaces as much as 49.7 hectares of the Millennium Village location.

 

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