By the year 2020, the Singapore-based CapitaLand was able to accomplish the Stature Jakarta, the first multicultural development in Indonesia.
The Stature Jakarta consist of a 29-storey extravagance residential tower named Stature Residences, a 20-storey Grade A agency building and retail markets and a serviced residential tower which is a 24-storey building having an overall floor area of about 55,500 square meters.
The project amounting to $220 million, which is well developed by CapitaLand together with the local developer Credo Group, is placed neighboring to central Jakarta’s economic and lifestyle community.
“The strong desire address of The Stature Jakarta nearby the upmarket Menteng place will appeal to global business organizations searching quality office slots and superior serviced accommodation for emigrant, while the gorgeous Stature Residences will suggest clients and purchaser thrilling downtown views extending towards the city’s CBD and the National Monument of Indonesia,” aforementioned by CEO Ronald Tay of CapitaLand Singapore.
To expand more its presence in the country, the CapitaLand by way of its exclusively owned serviced residential unit, The Ascott Limited, provided in a 192-unit serviced residence sited in Jakarta a $74.3 million. Ascott Sudirman Jakarta in the Jakarta’s Golden Triangle placed as the 6th serviced residence of the Ascott that would set to open in year 2018.
In addition, Ascott settled an agreement to administer the Citadines Canggu Bali, which is contracted to open in 2020.
“Ascott has broaden and widen its portfolio to Indonesia by close to 600 units this year because of the addition of Citadines Canggu Bali, Ascott Sudirman Jakarta, and the Somerset Sudirman Jakarta in July. Furthermore, it will strengthen its leadership role as the biggest serviced residence operator situated in Indonesia,” CapitaLand added.
For the next few years, Ascott is considering to launch six other serviced residences in Jakarta, Yogyakarta, Karawang and Bandung.
“The six other serviced residences are the following: Somerset Kencana Jakarta, Ascott Menteng Jakarta, Citadines Festive Walk Karawang, Citadines Punaka Yogyakarta, Citadines Kings Bandung and Somerset Sudirman Jakarta,” it noted.