English Version
ENGLISH
| Friday, 16 November 2018 |
Indonesia Version
INDONESIA
Facebook
Twitter


Friday, 16 November 2018 | 12:30
Jokowi Inaugurates Time Capsule Monument in Papua President Jokowi has inaugurated Time Capsule Monument in
Merauke District, Papua Province today, November 16.
Friday, 16 November 2018 | 12:00
5 Tricks for Affordable Year End Holiday Tempo summarizes five tips for an affordable year-end holiday.
Surabaya to See First Central Business District
TEMPO/Seto Wardhana
Thursday, 03 December, 2015 | 12:06 WIB
Surabaya to See First Central Business District

TEMPO.CO, Surabaya - The city of Surabaya, East Java, will see its first central business district worth Rp 3.8 trillion (US$292.3 million), whose construction is expected to commence in January 2016.

The new central district in the second largest city in Indonesia will be developed by state-owned contractor PT Waskita Karya Realty (Waskita Realty), in collaboration with PT Darmo Permai. The office park and an international-scale apartment will be named the “88AVENUE”.

“Surabaya has a huge potential, because it’s Indonesia’s gate in the eastern part of the country. The city is also the center of logistics supply,” Waskita Realty president director Didit Oemar Prihadi said on Wednesday, December 2, 2015.

Didit added that his company had set a target to develop Surabaya as an international city. As Waskita Relaty’s first project in East Java, the central business district will be built on an octagonal land with a size of 34,088 square meters. Waskita Realty and Darmo Permai  will maintain a joint cooperation scheme for the project.

The 88 Avenue will consist of 8 towers offering function, aesthetic, and unique choices.

“The groundbreaking stage will be conducted in January 2016, and the construction is expected to be completed by 2018 with 150 SOHO units and 500 residences,” Didit said.

Waskita-Darmo Permai joint operation managing director Kevin Sunjoto added that the 88AVENUE’s concept would be adjusted with the City master plan to welcome the ASEAN Economic Community (AEC) implementation.

“With the approaching AEC, Surabaya needs a complex that accommodates businesses,” Kevin said.

Kevin revealed that the 88AVENUE would target expatriates living in the capital city of East Java.

“About 10-15 percent of Soho Tower buyers are expatriates who open their businesses in Surabaya,” Kevin said.

 

ARTIKA RACHMI FARMITA

 



via Facebookvia TEMPO ID

Comments


Disclaimer: The views expressed in the comments sections are personal responses that do not represent the editorial policy of tempo.co. Our editorial staff reserves the right to moderate or take down comments that contain harassment, intimidation and discrimination against ethnicity, religion, race, and inter-group relations.