Urban developer Lippo Cikarang announced on Saturday it handed over 408 units of apartment from Pasadena Suites, the third tower developed in Meikarta Central Business District. (Photo courtesy of Lippo Cikarang)

Lippo Cikarang Hands Over Apartment Units in Pasadena Suites in Meikarta CBD

BY : MUHAMAD AL AZHARI

JANUARY 14, 2019

Jakarta. Urban developer Lippo Cikarang announced on Saturday that it has handed over 408 apartment units in Pasadena Suites, the third tower at Meikarta CBD Orange County in West Java.

The company said the apartment units on 36 levels of the tower that were handed over reflects the company's commitment to its customers.

Lippo Cikarang has so far handed over 863 apartment units in Irvine Suites and Westwood Suites located in the Meikarta CBD since Sept. 1, 2018.

"The handover of Pasadena Suites reflects the commitment and responsibility of the company to customers to deliver a quick development and on schedule," Lippo Cikarang president director Simon Subiyanto said in a statement.

Pasadena Suites is the newest of six towers already under development in Meikarta CBD. There are also Burbank Suites, Glendale Park and Newport Park.

Customers speaking to sales representatives of Meikarta after the Pasadena Suites handover ceremony on Saturday. (Photo courtesy of Lippo Cikarang)

Burbank Tower was topped off in December 2017, while Glendale Park and Newport Park will be topped off at the end of this month.

Several foreign investors, including the Mitsubishi Corporation and Sanko Soflan of Japan, have partnered with Lippo Cikarang on the project, which is valued at more than Rp 278 trillion ($19.7 billion). The residential development is supported by various facilities, including an office center, campus, five-star hotel, Siloam Hospital, international convention center, retail center and entertainment district.

Meikarta will be serviced by massive infrastructure developments initiated by the government, including the Cawang-East Bekasi line of the Greater Jakarta Light Rail Transit system, which has reached 47 percent completion; the Jakarta-Bandung high-speed rail, which according to government estimates, will be completed by March 2021; and the new Jakarta-Cikampek elevated toll road, scheduled to be operational this year.

Meikarta CBD Orange County is a megaproject in the eastern corridor of Jakarta. Cikarang and Bekasi are home to several large manufacturers, such as Astra, Honda, Suzuki, Mitsubishi, Isuzu, Panasonic, Toshiba, Hankook and Samsung.

The Jakarta Globe is affiliated with the Lippo Group.

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