{"id":65598,"date":"2017-09-06T10:45:18","date_gmt":"2017-09-06T03:45:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-building-integrated-development-in-indonesia\/"},"modified":"2017-09-06T10:54:58","modified_gmt":"2017-09-06T03:54:58","slug":"capitaland-building-integrated-development-in-indonesia","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-building-integrated-development-in-indonesia\/","title":{"rendered":"CapitaLand building integrated development in Indonesia"},"content":{"rendered":"


\nArtist\u2019s impression of The Stature Jakarta. Source: CapitaLand
\nSingapore-based CapitaLand is on track to complete its first integrated development in Indonesia, The Stature Jakarta, by end 2020.
\nWith a total gross floor area of around 55,500 sq m, The Stature Jakarta comprises a 29-storey luxury residential tower called Stature Residences, a 24-storey serviced residence tower, a 20-storey Grade A office building and retail outlets.
\nSEE ALSO: Keppel Land, Metland to jointly develop landed homes in Indonesia
\nThe $220 million project, which is jointly developed by CapitaLand and local developer Credo Group, is located near central Jakarta\u2019s commercial and lifestyle district.
\n\u201cThe coveted address of The Stature Jakarta near the upmarket Menteng area will appeal to multinational corporations seeking quality office spaces and premium serviced accommodation for expatriates, while the luxurious Stature Residences will offer home buyers breath-taking city views extending towards the National Monument of Indonesia and the city\u2019s CBD,\u201d said CapitaLand Singapore CEO Ronald Tay.
\nIn a bid to expand its presence in the country, CapitaLand via its wholly-owned serviced residence unit, The Ascott Limited, invested $74.3 million in a 192-unit serviced residence in Jakarta. Set to open in 2018, Ascott Sudirman Jakarta is the sixth serviced residence of Ascott within Jakarta\u2019s Golden Triangle.
\nAscott also secured a contract to manage the Citadines Canggu Bali, which is slated to open in 2020.
\n\u201cWith the addition of Ascott Sudirman Jakarta, Citadines Canggu Bali, as well as Somerset Sudirman Jakarta in July, Ascott has expanded its portfolio in Indonesia by close to 600 units this year; further strengthening its leadership position as the largest serviced residence operator in Indonesia,\u201d said CapitaLand.
\nAscott is looking to open six more serviced residences in Bandung, Jakarta, Yogyakarta and Karawang over the next few years.
\n\u201cThey are Ascott Menteng Jakarta, Somerset Kencana Jakarta, Somerset Sudirman Jakarta, Citadines Kings Bandung, Citadines Festive Walk Karawang and Citadines Punaka Yogyakarta,\u201d it noted.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…CapitaLand building integrated development in Indonesia<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of The Stature Jakarta. Source: CapitaLand Singapore-based CapitaLand is on track to complete...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-65598","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-h42","jetpack-related-posts":[{"id":8148,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/solid-weekend-sales-at-the-wisteria-cairnhill-nine\/","url_meta":{"origin":65598,"position":0},"title":"Solid weekend sales at The Wisteria, Cairnhill Nine","date":"March 14, 2016","format":false,"excerpt":"\r Cairnhill Nine drew a strong response during the VIP preview and official launch. (Photo: CapitaLand) Two newly launched private residential projects reported brisk sales over the weekend, an indication that units within integrated developments remain popular despite the lacklustre housing market. 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Prices start from $798,000 for the one-bedroom with a study unit.\u00a0\u00a0 Property developers CapitaLand and City Developments Limited (CDL) are set to open Sengkang Grand Residences for public preview this Friday (25\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79734,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pearlbank-apartments-sold-to-capitaland-for-728m\/","url_meta":{"origin":65598,"position":4},"title":"Pearlbank Apartments sold to CapitaLand for $728m","date":"February 13, 2018","format":false,"excerpt":"\r CapitaLand intends to redevelop the site into a high-rise residential development comprising around 800 units. (Photo: Colliers International) Pearlbank Apartments, a 37-storey development in Outram, has been sold via private treaty to CapitaLand for $728 million, following the close of its collective sale tender on 19 December 2017, revealed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65776,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-receives-global-recognition-for-sustainable-practices\/","url_meta":{"origin":65598,"position":5},"title":"CapitaLand receives global recognition for sustainable practices","date":"September 8, 2017","format":false,"excerpt":"\r View of The Interlace condominium in Singapore. (Photo: CapitaLand) CapitaLand has once again been listed in the Dow Jones Sustainability World Index (DJSI World) as well as in the Dow Jones Sustainability Asia Pacific Index. 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