Posted inAT Finance, Beijing, China, Indonesia, Japan, Middle East, Northeast Asia, Singapore, South Asia, World

Jakarta’s super-city becomes an exercise in ‘Lippo-suction’

For a year now, Indonesia’s Lippo Group has been mass-advertising a US$20 billion mega-project known as Meikarta on the eastern fringes of Jakarta, describing the ambitious undertaking as “epic in scale and vision as a truly integrated city of the future.” Boasting 92 apartment and office towers, 18 of which are under construction, and 1.5 […]