CFLD Indonesia vice president corporate affairs Imelda Adhisaputra said the company had spent around Rp 4 trillion in the last two years to procure land and develop real estate in Pasar Kemis, Banten and Karawang, West Java.

“We will soft-launch our landed house project in Pasar Kemis, offering 2,800 houses on the 60-hectare LAVON area. It will be a mixed-use development, as we will integrate it with commercial and industrial clusters,” she said during a discussion in Jakarta on Thursday.

The Indonesia’s first International New Industry City (NIC), she further said, would be provided with good connectivity as the mass rapid transit (phase three) was being planned to connect the area with Jakarta, aside from the existing Merak, Tangerang and Karawaci toll roads.

Meanwhile, the company’s second project, located in Karawang, would also be a mixed-use development, with industrial estate being built first before the commercial and residential clusters. The firm aims to host high-technology manufacturers on the 200-ha plot.

According to Imelda, CFLD Indonesia bought the land for the LAVON project from PT Alam Sutera, the publicly listed company under the Argo Manunggal Group. CFLD was established in China in 1998 and listed its stock on the Shanghai Stock Exchange in 2011. (ags)

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