Batam’s US$1b-superblock towers taller than Singapore’s: Habibie
The Jakarta Post
Jakarta / Sun, August 28, 2016 / 02:19 pm
The Meisterstadt Superblock in Batam with total investment of US$1 billion has begun construction, where the towers are designed to be taller than those in Singapore.
The project belongs to former president B.J. Habibie and his family, in cooperation with Pollux Properties.
Pollux Habibie International commissioner Ilham Akbar Habibie said Saturday in the project's groundbreaking ceremony that the property business was new for the Habibie family but after seeing the enthusiastic market for Meisterstadt Batam, he was optimistic that the superblock could be Batam’s new icon.
“Meisterstadt towers would be built taller than towers in Singapore. So those in Singapore will be able to see Meisterstadt from there. We hope obtaining the permits to build these tall buildings will be smooth,” said Ilham, oldest son of Habibie, during a press conference at the Radisson Hotel in Batam.
Ilham said the 1,300 units on offer since January in the first phase of the superblock had all sold out. Marketing data showed 80 percent of buyers were Batam people, 10 percent from Jakarta, 5 percent from other big cities in Indonesia and about 5 percent from Singapore and Malaysia.
Ilham said his extended family members, including his father Habibie, owned 49 percent shares in the project while 51 percent of the shares belonged to Pollux Properties.
Also present in the event was president commissioner of Pollux Properties Gen. (ret) Timur Pradopo. Timur, who was also the National Police chief from 2010 to 2013.
He targeted the first phase of the project to finish in 2019 while for the entire project by 2024. (evi)