INDONESIA PRESS-Sentul City to develop 4 CBDs in Bogor-Investor Daily

Tue Feb 11, 2014 8:16pm EST

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Property developer PT Sentul City plans to build three to four new central business districts in Bogor, with an initial investment of 3 trillion rupiah ($247.02 million), said co-executive Andrian Budi Utama.

The firm plans to develop apartments, condotels, hotels, office buildings, shopping malls and amusement centres. Sentul City currently owns a 30-hectare plot in Sentul, Bogor, and will develop the first phase on an 8-hectare site. (Investor Daily)

Note: Reuters has not verified this story and does not vouch for its accuracy.

($1 = 12145 rupiah) (Compiled by Jakarta Newsroom; Editing by Sunil Nair)