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Monday, December 11, 2006

Indonesia's APG to build 5 property projects in Jakarta

Jakarta (ANTARA News/Asia Pulse) - Growing property giant Agung Podomoro Group (APG) has said it will build five property projects with a total investment of Rp2 trillion (US$222 million) in 2007.

APG marketing director Indra Widjaya Antono said the five projects are all residential houses including apartments located in Jakarta.

APG concentrates on building residential houses, based on its prediction that demand for luxury homes will grow by 10-15 per cent in 2007.

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