Conglomerate group Astra International has joined forces with a Hong Kong-based multinational property group to develop Arumaya, a residential apartment complex worth Rp1 trillion in Jakarta. Arumaya will be developed by Brahmayasa Bahtera, a joint venture between Astra and Hongkong Land — a property investment, management and development group. Astra holds 60% interest in joint venture while Hongkong Land owns the rest. Located on arterial road Jalan T.B. Simatupang in South Jakarta, Arumaya will occupy an area of 2.6 hectares. It will have one 22-story tower with 262 residential units in it.
