The apartments offer USD 700 million, Metland drill-Upper Secondary Market

JAKARTA, KOMPAS.com – Next year, PT Metropolitan Land Tbk (Metland) will develop an apartment project in Tangerang, through a joint venture (JV) with Singapore-based Ascendas.

The two formed a new company with the flag of PT Metropolitan Permata Development.

There is also the price of apartments offered serentang Rp 700 million to Rp 1.6 billion per unit.

“It’s the upper middle segment,” said Finance Director Olivia Surodjo Metland current public exposure in Indonesia Stock Exchange, Jakarta, Monday (12/05/2016).

He said, on the development of the first phase, the project consists of three towers, which are 2 apartments and a work office and home office (woho).

Apartment plan would be built to a height of about 42-43 floors. As for the office, building height ranges from 39 floors.

Olivia explained, the altitude has not been established because it is still under construction. As for the type of apartments in the first tower to be built, ranging from studio, one bedroom, and two bedrooms.

To the apartment tower second, the unit provided slightly larger ie ranging from one bedroom, 2 room bed and 3 bedrooms.

“Price unit apartment tower that is both slightly more expensive than the first. But, the only difference Rp 2 million to Rp 3 million per square meter. the difference is only from luasannya alone,” Olivia said.

market Tangerang

From the demand side, Olivia said they were optimistic the product will be popular with the market. According to him, this project has a great potential in the current upper middle segment is experiencing an increase.

“Market improvement, the time is just right to start the launch. We see this nice,” said Olivia.

Currently, the investment climate is also improving in economic growth began to squirm. With the price range, Olivia sure, the product is quite attractive for investors.

The project is located in the region Metland Cyber ​​City, Tangerang. In addition to offices and apartments, Metland will also build a retail center as a complement to regional facilities.

Built on an area of ​​1.3 hectares, the project is scheduled to begin construction in the fourth quarter of 2017 with an investment of Rp 2.5 trillion.

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