17 October 2019
Keppel Land and Metland launch new landed housing development in East Jakarta
Keppel
Land Limited (Keppel Land) and PT Metropolitan Land Tbk. (Metland) are pleased
to announce the launch of Phase 1 of Wisteria, alanded residential project nestled
in the heart of East Jakarta. Wisteria will comprise 381 units of
garden-concept landed homes, of which 141 units will be available for sale as
part of the initial launch.
The
development is strategically sited on a prime seven-hectare land plot that is
in close proximity to a wide spectrum of retail amenities such as AEON Cakung,
IKEA, as well as key educational and medical institutions.
Mr
Goh York Lin, President, Indonesia, Keppel
Land, said, "The launch of Wisteria comes amidst a concerted push
by the Indonesian government to improve East Jakarta’s infrastructure and
connectivity, such as through the construction of elevated toll roads and an
MRT line. Coupled with our superior build quality and focus on living
experiences, we are confident that Wisteria will garner strong demand from owner
occupiers and investors alike. We will continue to leverage our strategic
alliance with Metland to grow our presence in Indonesia.”
Mr
Nitik Hening, Director, PT Metropolitan Land Tbk., said, "When completed,
Wisteria will serve as a model of quality residential developments with its
unique concept and premium construction. This is made possible by our more than
two decades of experience as a leading real estate leader in Indonesia, as well
as the expertise of our partner, Keppel Land, a multi-faceted property company and
Asia’s premier home developer. Following the success of our inaugural
collaboration, The Riviera at Puri in Tangerang, Greater Jakarta, we believe
that we will be able to achieve a similar outcome with Wisteria. Looking ahead,
we will continue to tap on our strong and synergistic partnership with Keppel
Land to advance our position within the Indonesian real estate sector.”
The
units come in three standard configurations with a starting price ofRp 1.5
billion. The development is ideal for young couples and families making their
first home purchase, as well as property upgraders looking to settle in a strategically
located residential estate.
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