Drive for legacy fuels Jakarta building rush
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Based on projects currently under development, the total number of skyscrapers in Jakarta will more than double by 2015 due to the booming economy and the desire of rich individuals and companies to etch their signature in the skies.
“Now we have 70. Considering several planned projects, the number will be 75 by the year end, and 150 by 2015,” Jones Lang LaSalle Indonesia head of research Anton Sitorus said.
By the end of 2020, he said, the figure could reach 250.
“Land has become increasingly expensive in Jakarta. Therefore, developers want to maximise the use of their land. Besides, they also want to make an iconic building on which they can put their names,” he said.
Among the notable skyscraper projects under construction include the Tower Ciputra World, named after entrepreneurship guru Ciputra, the founder of Indonesia's largest publicly listed property company, PT Ciputra Property. The project development is nearing completion with some office space already available for rent.
