Friday, 19 April 2019 | 07:21 WIB

PTPP Won IDR3 Tln Contract to Build Meisterstadt Mega Superblock in Batam

PT PP (Persero)

JAKARTA, NETRALNEWS.COM - The state-owned construction company PP Construction & Investment has successfully won a new contract for the construction of the Meisterstadt project, a mega superblock developed by Pollux Properties along with Prof Dr-Ing H Bacharuddin Jusuf Habibie.

Ilham Habibie as President Commissioner of Pollux Habibie International and Ir. Royaldi Rosman as Senior said they appointed PT Pembangunan Perumahan Tbk (PTPP) as the main contractor working on an apartment with a cooperation value of IDR3 trillion ($210 million).

Pollux Properties has sold VVIP Pass Phase 1 and managed to sell out apartment’s tower 1 and tower 2 with a total of 1,573 units, including 113 units of shophouses.

"Currently Meisterstadt has also sold tower 3 of apartment with a total of almost 60 percent already sold. So the Meisterstadt project will soon be built and will hold PP Construction & Investment as the main contractor.

According to plan it will begin construction of the foundation in October and continue with topping off in the next 16 months from this month.

Previously Meisterstadt has been doing ground breaking in August 2016 and Tower 1 and Tower 2 of apartment are scheduled to be completed and ready for occupancy by the end of 2019.

Located in Batam Center, Meisterstadt Batam is a masterpiece of Pollux Habibie International, the developer of Pollux Properties and the BJ Habibie families.

Pollux Habibie International will be the first developer to build mega superblock in Batam area. Emphasizing the concept with complete quality facilities and infrastructure for local residents, Meisterstadt Batam occupies a total area of 9 hectares, which will include the construction of 11 towers; consisting of 8 apartment towers, 1 office tower, 1 hotel tower and 1 hospital tower, as well as shopping centers, educational centers, sports and entertainment facilities will certainly become a new icon for the city of Batam. (*)