Wika Wins Rp 820b Contract for First Phase of Podomoro Golf View in Depok
Jakarta. A subsidiary of state-owned construction company Wijaya Karya, or Wika, has won an Rp 820 billion ($61 million) contract to develop the first phase of a low-cost apartment block megaproject in Cimanggis, Depok district, West Java.
The contract involves the building of three apartment blocks, containing 4,000 residential units, at Podomoro Golf View, which will ultimately consist of 24 blocks containing 35,000 units, on an area of 60 hectares.
The developer, Agung Podomoro Group, which is led by Trihatma K. Haliman, seeks to complete the entire project by 2018.
"The three towers will be completed by the end of 2016," Agung Podomoro director Paul Christian told reporters in Jakarta on Wednesday (31/08).
The deal was sealed by Wika's construction branch Wijaya Karya Bangunan Gedung (Wika Gedung), with the signing of a memorandum of understanding with Agung Podomoro subsidiary Graha Tunas Selaras on Wednesday.
Wika Gedung will work on engineering, procurement and construction – including the structure, architecture, mechanical, electrical and plumbing work.
The property developer said the project aims to support the government's ambitious target to provide at least one million homes over the next five years.
Agung Podomoro executives said the publicly listed developer has already sold 85 percent of the units in the first phase of the development.
The Podomoro Golf View project, which is situated next to the Jagorawi toll road, providing easy access to Jakarta, broke ground in June.
The land is surrounded by three golf courses – Jagorawi Golf and Country Club, Emeralda Golf Club and Riverside Golf Club. The complex will also have a school, supermarkets, places of worship, shuttle buses and many more modern facilities.
The project will be the Podomoro Group's fourth major investment in low-cost apartments after the Kalibata City apartment complex in South Jakarta, Gading Nias Residences in Kelapa Gading, North Jakarta, and Green Bay Pluit in Pluit, West Jakarta.
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