Property developer PT Lippo Karawaci plans to build a high-rise office building in Jakarta with a total investment of 1.25 trillion rupiah ($105.4 million), said CEO Ivan Setiawan Budiono.
The firm expects the Lippo Thamrin project to be completed by mid-2017, Budiono added. The building is being designed by international consultants, including DPA Singapore, Ong&Ong and SCI. (Investor Daily)
Note: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 11857 rupiah) (Compiled by Jakarta Newsroom; Editing by Prateek Chatterjee)