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Shifting Out of Java

Wednesday, March 17, 2010

The cement industry continues its revival after being hit by the global financial crisis. Supported by property and infrastructure, the stars are in Kalimantan and Sulawesi.

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NOTHING is cheap in Ciputra Land Celebes. A house type Vienna, the size of two times badminton court, is sold at Rp1.2 billion per unit. A house type Tavern costs Rp2.8 billion. Still, they don’t lack buyers. Around a hundred units of luxurious houses standing on Jalan Tun Abdul Razak, Gowa, South Sulawesi, were snapped up in one year.

Demands continue. So, developers add supplies. Lauw Hendra, Project Manager of Ciputra Land Celebes, confirms

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