Monday, June 23, 2008

THE LAVANDE

The Lavende is developed on a 1.1ha land near Sahid University on Jl Supomo within the Pancoran area. This project is a joint venture between Synthesis Asset Management the developer of Casablanca Mansion and Agung Podomoro. This is their second endeavor together after Plaza Semanggi.

The project consists of two building towers that is divided into 3 sectons, which are called Pink Tower A, Pink Tower B and Purple Tower B. The total building GFA is approx. 70,000sqm with a total of 727 units that comprises of 232 three bed rooms units as well as 390 units of two bed rooms and 105 units of one bedroom & studio. the 3BR units are located within the Pink Tower A & B, whereas the 2BR, 1BR and studio units are within the Purple Tower C.

3BR sizes are ranged at 82.9 - 88.1 sqm with an approximately average price of Rp 12 million per sqm. 2BR sizes are ranged at 53.8 - 64.3 sqm with an approximately average price of Rp 11 million per sqm. 1 BR sizes are ranged at 34.2 - 51.35 sqm and averaged priced at approximately 12 million per sqm. The Studio type sizes are ranged at 30.4 - 33.5 sqmwith an average price of approximately Rp 11.5 million per sqm.

Complete with facilities such as swimming pool, Massage Pool, Children Playground, Kids Pool, Pool Deck, Gazebo, Fitness center, ATMs, Mini Market, Cafe & Restaurants and Beauty Salon, The Lavande offers a private and modern residence within the city.

Allegedly the project is 55% sold
The Lavande being the first of its kind being developed on this location and surrounding area has an advantage of having a head start similar to the Taman Rasuna and Setiabudi Residence developments. Launched in 2007, although this project is within the city, it is still well off from the CBD that may be the only reason why this project hasn't yet taken off in terms off sales.

For Further info click on the Title Post above or click here

Wednesday, May 14, 2008

REGATTA, THE ICON

Regatta The Icon is an exclusive residential project with an oceanic theme and waterfront living concept on the fringe of the Jakarta’s peninsula developed by Badan Kerjasama Mutiara Buana, which is a Joint Venture company between Intiland Development and PT Global Ekabuana.

Located in Pantai Mutiara Indah which is a well-known elite and posh area in North Jakarta, Regatta the Icon once completed will span over an 11 hectares land and include a development of a hotel tower, 10 apartments tower, an aqua park and two serviced apartments making it the largest waterfront residential in Indonesia and possibly the most luxurious. Designed by Tom Wright, Director of Design and Engineering Solutions from WS Atkins Consultant, which is an internationally acclaimed architect and technical design consultant that also designed Burj Al Arab in Dubai.

The first stage of development of four apartment towers that was launched in September 2006 is on a 2.54 hectares land out of the total 11 hectares, they are Dubai, Monte Carlo, Miami and Rio de Janeiro towers. Currently The Dubai and Monte Carlo towers are about 70 - 80% completed with the Monte Carlo Tower being Fully Sold out.

The 10 towers consist of 2 penthouse units sized at 450sqm as well as 90 apartment units each. The apartment typical units sizes are 243 sqm with an Ocean View and 206 sqm with the Aqua Park View that spans over 24 floors.

Priced ranged at Rp16.5 million to Rp22 million depending on the floor location, The Regatta pampers buyers and prospective residents with high quality materials such as Imported marbles for the unit’s living-room & the Clean Kitchen area and even imported ceramics for the unit’s bathrooms.

All-in-all in terms of design and concept it is truly an Iconic project in Jakarta

Friday, April 11, 2008

SETIABUDI RESIDENCE

Located in Setiabudi near Rasuna Said Road, the apartment is in the proximity of The CBD and accessible through Sudirman, Kuningan and Gatot Subroto. The apartment is constructed in an approximately 0.2ha land which is a part of + 1.5ha mix-development by PT JSI(Jakarta Setiabudi International)that consists of Setiabudi 1 & 2 retail and office complex, Setiabudi Complex (offices), Town Houses and upcoming Setiabudi Office Tower just in front of the apartment complex.

The approx. 38,000sqm building is divided into two towers, one tower for private lifts and a higher segmented market whilst the other tower is for common lifts apartments. Out of the total 300 units offered the apartments are 90% sold out (in which all 144 2BR units are sold) and allegedly all of the sold units are occupied.

The common Lift Tower consists of typical units with 2BR (Bed Rooms) units gross sized at 82, 83, 85 and 99 sqm, which is currently sold out, was priced at a range of Rp 11.5 million - Rp 13 million per sqm accordingly to the unit's size and floor and the 3BR units in this tower is gross sized at 141 sqm and priced at a range Rp 13 milion to 14.5 million accordingly to each unit's floor location.
Whereas the private lift tower units are gross sized at 142sqm and 147sqm is priced at a range of Rp 13.5 million to Rp16 million per sqm again accordingly to the unit's sizes and floor location.

The reason that this apartment project is doing really well is due to its Strategic Location, which is smack dab in the midst of its "Yuppies" target segment. The Reputation of JSI as a Developer being well known especially in the CBD counts as another factor plus
having a head start in apartments project that caters to this segment within the area other than the Taman Rasuna project certainly didn't hurt at all.

Wednesday, April 2, 2008

The Grove at Rasuna Epicentrum

Located in Rasuna, Kuningan this condominium is part of a mix development by PT Bakrieland Development, which occupies a land area of 44.7 hectares. The development itself is targeted to spread through 10 to 15 years. Currently they have developed and are developing 21 hectares of the whole projected area. The Grove will be part of the 12 hectares of development within the next three years along with their office towers, malls.
The Grove itself consists of 3 towers, 2 towers for residence and one tower for serviced apartments. Built on a 1.3 hectares land with a gross building area of 120,000 sq m and roughly around 75,000 sq m of saleable area, this project just had its groundbreaking ceremony on March 21st 2007 and is scheduled for hand over in mid of 2009.
Their features divide the two residential towers. The first tower offers the luxury of a private lift whilst the other uses a common elevator. The average price range for the first tower is between Rp 15 million per sqm to Rp 19 million per sqm with two bedrooms sizes at 83.43sqm and 105sqm as well as a three bedrooms type sized at 176.38sqm and 147.29sqm (two floors). The price for the second tower ranges from Rp 14 million/sqm to Rp 17 million/sqm with two bedrooms sized at 86.64sqm and three bedrooms sized at 127.29sqm. Allegedly this project has sold out up to over 70%

Located in the heart of Kuningan and CBD triangle, this projects looks to be promising mainly because of its mix development, making it a residential town within the city as a multi complex residence. As they are building office towers as well as the surrounding area is mainly office their target would be most likely the higher class of Professionals within the area.

Sunday, March 30, 2008

Essence On Darmawangsa

Occupying approximately 5.3 hectares on Jl Darmawangsa in South Jakarta this project consists of three apartment (two towers each), a five star hotel, and exclusive townhouses (details for town houses are below).

Developed by PT Selaras Utama Mandiri, this project segmentation is well to Upper middle to Upper class this is seen largely by their consultants and designers which employs internationally acclaimed consultants such as peddle Thorp International Architects, EDAW Gillespies landscaping, and Hirsch Bedner Associates interior designs.
The three apartment towers are called Eminence, South & North Tower each consisting of two towers them-selves. The price range of the Eminence is between Rp 12.5 million/sqm to Rp 14.4 million/sqm with two bedrooms sized ranging from 65sqm, 72sqm, 83sqm, and 100sqm whilst there are two type of three bedrooms sized at 136sqm and 139sqm. A four bedroom type at a semigross area of 168sqm is also available. The Eminence itself is targeted at an upper middle to upper class. It has a more simplified design and without any private lifts. The Eminence alleged take up is over 90 % for both towers.

The South & North Tower is targeted for a higher class ranging from middle upper to upper upper class. This is shown by the price range of Rp 15.1 million/ sq m to Rp 17.3 million/ sq m and has the feature of private lifts for all their units and there are only three bedrooms and four bedrooms type that are available for these towers. The three bedrooms are sized at 163sqm, 166sqm, 177sqm and 185sqm whereas the four bedrooms type is at a size of 269sqm.

The Service charge for both projects is US$ 2/sq m / month rated @ Rp 6,500 per dollar for the first year.

Their key design for the private lift towers is that the condominiums would have two kitchens, a clean kitchen area for the tenant and a standard kitchen area for the servant.

Another key feature for this project is that master concept wise they adopt an 80% landscape and 20% building area rule which makes it an exclusive residential area and has a luxurious feel to the complex.

Friday, March 28, 2008

Nirvana Kemang

Developed by PT Asiana Lintas Ciptakemang part of the Asiana Lintas Development (A/L Dev.) owned by Ms Loemongga Haoemasan (daughter in law of Mr. Ginandjar Kartasasmita) residing on a land of approximately 3,680 sq m. This Project consists of a 14 floor high tower with a total of 56 units all with three bedrooms with sizes ranging from 189sqm, 198sqm, 303sqm, 308sqm, 312sqm and price ranging from Rp 13.8 million per sq m to Rp 15.7 million per sqm.The Penthouses has two typical one on the Ground Floor and another on the top of the building. The ones on the ground are sized at 293sqm and 455sqm priced at Rp 15.5 million per sqm and Rp 15.4 per sqm respectfully. Whilst the ones on the top are sized at 353sqm, 363sqm, 586sqm and 595sqm priced at an average of Rp 14 million per sqm. The project which has started ground breaking in December 2006 is estimated to cost between Rp 100 billion to Rp 130 billion and it is targeted for handover by April 2008.Since starting its pre launch marketing on October 6th 2006 out of allegedly over 70% of the units offered are sold.

One of its key features is in the design, by which on certain units it would have a Swimming pool or garden on the balcony making the apartment appeals as a “town house” in the clouds prospective. Another selling point is that the condominiums are all facing the kemang raya street.

Wednesday, March 26, 2008

Marbella Kemang Residence

Located in The Jl Bangka – Kemang South Jakarta, developed by PT Pacific Varia Bersama which is a member of Pudjiadji Prestige Group. Occupying a land area of about 1 ha the middle to upper middle segment project consists of two towers with 517 units. Tower A with an estimated building area of + 17,000sqm and tower B is + 24,000sqm. The Price Range starts from Rp 8.6 million per sqm to Rp 10.8 million per sqm. Tower A has 1 bedrooms sizes (semi gross) varying from 31.23sqm, 35.22sqm and 37.12sqm a two bedrooms size of 66.37sqm and two types of three bedrooms at the size of 116.23 sqm and 112.88sqm. It is said to be fully Sold and Tower B that has more varieties in terms of semi gross sizes. Four types of one bedroom sizes ranging from 35.33sqm, 35.38sqm, 33.63sqm, 34.45sqm, 37sqm, 33.63sqm. Two types of two bedrooms sizes each at 66.19sqm and 66.09sqm as well as Three bed rooms sized at 100.18sqm and 112.81sqm With an estimated investment is Rp 300 billion, Marbella started ground breaking on 23rd March 2006 and handed over to tenants at the end of Last Year.

Pakubuwono Residence

Developed by Agung Podomoro Group (APG) This High-End Project is currently considered the strongest condominium residential in the South Jakarta area with an over 90% tenancy. Allegedly there are 6 units left out of 640 units located on the second & third floor with 3 bedrooms units at a typical gross size of 294sqm priced at Rp 5.22 billion to Rp 5.24 billion. The Average price per meter is at Rp 17.7 million/sqm
One of the reason it is considered the strongest is due to its secondary lease price. The Lease Price range is US$ 2750 to US$ 3000 for two bedrooms condominium with a typical gross size of 208sqm and US$ 3000 to US$ 3250 for three bedrooms fully furnished. Those prices are high considering they are not serviced condominiums.

After the success of Pakubuwono Residence, APG is gearing up an expansion with another project called The View and then afterwards with The Pakubuwono Signature.
The View will be constructed on a 14,309 square meter land with a total building GFA of approximately 96,029 square meter. Construction phase is targeted to start on April 2008 and will finish by June 2010.
The View will consist of two towers 35 and 32 storeys high each and has a total of 382 apartment units with sizes ranging between 140 - 180 square meters and priced between Rp2.5 billion to Rp3.5 billion (US$272,000 - US$381,000). Allegedly out of the 382 units about 120 units have been sold or commited.

Senayan Residence

Occupying a land area of 1.8 ha the Senayan Residence is an upper-class residential apartment that consists of 3 towers each with buildings area of + 35,000 sq m and developed by Agung Sedayu Group. The first two towers are + 97% sold out of 130 units for each tower although occupancy is only about 90% of the sold units. Currently the third tower was launched in February 2007 and scheduled to finish building by July 2007 and Handover by August 2007. The third tower consists of roughly 146 units consisting of 10 units of 1 bedroom unit, 20 units of 2 bedrooms unit, 3 units of penthouse and 113 units of 3 bedrooms unit. Currently the sales for this tower is quite encouraging, the 1 & 2 br units are sold out and out of 113 units of the 3 br units 50% are sold.
Tower 3, the cash price/sqm for 1 bedroom unit with a gross area of 98sqm is from Rp 10.6 million/sqm and escalates by + 0.7% per floor up to the 11th floor, for 2 br units with a gross area of 120sqm is Rp 11.2 million/sq m that escalates by + 0.66% per floor up to 11th floor, for 3 bedrooms the size of 184sqm is Rp 11.8 million and escalates by + 0.8% per floor, The Penthouse price is between Rp 12.1 million/sqm for a typical size of 660 sqm to Rp 13.3 million/sq m with size at 714sqm.
Tower 1 has two 3 bedrooms units left as well as one penthouse unit available, the 3 br is priced cash at Rp 2.3 Billion for a gross area of 195sqm and Rp 2.14 billion for a gross area of 184sqm and the 392sqm 5 bedrooms penthouse is priced at Rp 5.075 billion cash.
Tower 2 has two 4 bedrooms units with sizes of 325sqm and three penthouses available; the 4-br units are priced at Rp 3.9 billion and 4.4 billion cash. The three penthouses consist of two typical sized units of 622sqm priced at Rp 7.8 billion and one large unit sized at 836sqm priced Rp. 11.09 billion.