Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Monday, October 20, 2008

Invite to invest in Indonesian waterfront development

Malaysian property developers are invited to invest in holiday resorts and hotels on a beach-fronting 1,250ha development in West Java in Tanjung Lesung, Indonesia, about 60km from Krakatau.

"We have been appointed by Indonesian landowners to undertake the master planning of a waterfront project in northwest Java," said Tanjung Lesung Waterfront Development Pte Ltd chief executive officer Oliver Tham.

Among the 10 shareholders of the 1,250ha waterfront property in Tanjung Lesung are Setyono Djuandi Darmono and Tjahjadi Rahardja. Both are also substantial shareholders of Jakarta-listed property developer PT Jababeka Tbk.

Tham, 50, an Australian who was born in Malaysia, said this resort-style development would attract high valued investors, who would like to buy second homes in Indonesia.

His company is promoting Tanjung Lesung on the premise of "Indonesia My Favourite Home Scheme".

The masterplan earmarked development of 26 hotel/resort/condominiums blocks, marinas, 1,000 waterfront residential lots, Venetian canals and an 18-holed Greg Norman designed golf course.

By New Straits Times

No comments: