Success Give Orchard Satrio and The Residence, Ciputra Launches The Newton

Tuesday, 29/11/2016

           

            
            

                 

                
                

               

The Newton

APARTMENT THE NEWTON: Ciputra Group, through its subsidiary PT Ciputra Property Tbk launched its latest project The Newton Apartment which will be marketed from the beginning of December 2016. The company targeting sales worth Rp629 billion from newest project is located in the area of ​​development of Ciputra World Jakarta 2 (CW2J).

                
                 
                
                
                

JAKARTA, jktproperty.com – Ciputra Group, through its subsidiary PT Ciputra Property Tbk launched its latest project The Newton Apartment which will be marketed from the beginning of December 2016. The company targeting sales worth Rp629 billion from the newest project in the area of ​​development of Ciputra World 2 Jakarta (CW2J).

Director of Ciputra Group Artadinata Djangkar said the construction of the project planned to start in 2017 and be completed in mid 2020. The project is part of Ciputra World 2 Jakarta at Jl. Prof. DR. Satrio.

“We booked reservations reached 620 subscribers, whereas the supply unit The Newton only reached 449 units. This project was marketed at a relatively affordable price for central business district, between Rp880 million to Rp2 billion, “he said when launching the Newton in Jakarta, (29/11).

According to him, the condition of the property market seems to have started excited again. “ Slowdown since the beginning of 2014, and then 2015 until mid-2016 seems to have touched the lowest point and show a new stretching from October, particularly for property prices are not too high,” he said.

Furthermore, he said that the Newton was launched following the success of two apartment towers that have been launched in the previous CTRP 2 Ciputra World Jakarta, namely The Orchard Satrio and The Residence. The Orchard consists of 369 units have been sold 95%, while the Residence 122 units and sold 98%. Companies are targeting sales worth Rp629 billion from the newest project in the area of ​​development of Ciputra World Jakarta 2

Artadinata said since its launch in 2012, the increase in the price of the apartment units in two towers are on average had reached 150% -170%. Considering the high interest and the housing needs in the central business district of Jakarta, CTRP launch a third apartment tower The Newton.

According to him, The Newton apartment project alone has the potential returns on investment of between 8% to 12% per year. It considers the high residential needs of workers in the central business district, as well as the upward trend in rental prices of residential or boarding houses around Ciputra World 2 Jakarta.

This project will be officially marketed from the beginning of December 2016 and begin construction in early 2017. The project is targeted for completion in mid 2020. The value of sales or gross development value of the project is reached Rp1.3 trillion to Rp1.4 trillion. (GUN)

               
               
               
                                
                
                
                

                

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