Already 80 Percent Sold

As we know, most of the world the value of shares weakened after the Wall Street shares opened anjlok. When the expansion of market concerns that the economic slump is feared can not be solved by the U.S. economic rescue package. This is berimbas to Asian countries, especially Indonesia.

The global economic crisis had not affected the plans of PT Lippo Karawaci Tbk mega project to build the St. Moritz Penthouses and Residences, which has sold more than 80 percent. This is seen on 25 October 2008 and, PT Lippo Karawaci Tbk implement development thanks kontruksi The mega project St. Moritz Penthouses and Residences forced Lippo Building a Nation. "

As known, the Lippo Group is a developer of the best and largest in the U.S. version of Euromoney (an organization based in Europe). Lippo Group also entered the top 10 developers in the best (best developer) in Asia. In fact, Lippo Group has obtained the award 3 times in the last 4 years of this prestigious institution. Currently, at the business of Lippo Group has been to widen China, Hong Kong, South Korea, the Philippines, and Singapore.

According to the CMO St Moritz, Michael Riady, the vision of the development of this project, in addition to business development, is to give kontibusi for the development of the region and the wider community.

"The projects are being built mega St Moritz Penthouses and Residences are expected to encourage, to support and why economic growth in the area of Central Primary New West. In addition, the multiplier effect, able to provide for increased economic welfare and the public, both in the absorption of labor, tax contribution, and a new center of trade, "he says.

Michael further said, with the concept of 11 in 1 the first time in the world, The St. Moritz Penthouses and Residences are equipped with various facilities such as indoor extraordinary transport Aquarium is the first and the only one in Indonesia.
Michael also added, condominium sales in the three towers (tower) project The St. Moritz Penthouses and Residences, namely, the Presidential Suit Tower, The Ambassador Suite Tower and The Royal Suite Tower experienced a fantastic sales.
"Since introduced to the public in April 2008 and then, the project is already sold more than 80 percent," he said.

The project St Moritz Penthouses and Residences designed by DP Architects (Singapore) and several other international consultant class. Global city is equipped with a wide variety of exclusive 1 million square meters (about 150 times the size of football fields). The St. Moritz will be the new icon in the center of Jakarta development of 17 buildings including skyscrapers that are in the 65-storey building that will be the highest building in Indonesia.

The concept of 11 facilities in 1 will be dielaborasikan development of shopping malls 500,000 square meters wide, 5-star hotel with 500 rooms, the Convention Center 6,000 square meters wide, 1,500 units of luxury apatemen, Siloam Hospital with the international JCI accreditation, private school, wedding chapel, attractions indoors, transport, sports country club, spa facilities and also for the helicopter to the airport.

In the mega development project, also involved the famous garden architect in the world, Bill Bensley. Where in the year 2007, TIME magazine put the architect Bill Bensley as the number one park in the world.

Graduate of Harvard University has designed more than 120 properties in more than 25 countries in the world. Portfolio plan, among others, the Four Seasons Hotel, Grand Hyatt and JW Marriott in the world.

In the first phase, the project is expected to finish within 3 years with a target opening of the shopping center in 2011. Followed by the residential tower and facilities, especially in quarter four 2011.