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.

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.