Southeast Asia | Jakarta's super-city becomes an exercise in 'Lippo-suction'

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

Indonesia's Lippo Karawaci's US$20 billion 'Meikarta' project faces stalled construction, slow sales and accusations of broken promises. Credit rating agencies have taken note

Jakarta, July 16, 2018 5:46 PM (UTC+8)
Corporate rendering of the still-under-construction Meikarta property project in Jakarta. Image: Company Handout
Corporate rendering of the still-under-construction Meikarta property project in Jakarta. Image: Company Handout
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