Cooperating with Two Japanese Developers, Jababeka Residence Builds Golf Villa

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JAKARTA, presidentpost.id – Cooperating with two developers from the country of Sakura, Jababeka will build Golf Villa which is predicted to be a high-end Jababeka project in 2018.

Through its subsidiary, PT Grahabuana Cikarang (GBC) which is often called Jababeka Residence, Jababeka signed a joint venture agreement on the landed residential development with Keihan Real Estate Co., Ltd. and Nice Corporation from Japan at the President Lounge Menara Batavia, Jakarta, on Wednesday (9/5).

The joint venture agreement was signed by GBC President Director Sutedja S. Darmono and President of Keihan Real Estate Co., Ltd. Yoshihisa Doumoto as well as Nice Corporation Chairman Koichiro Hirata. The composition of shares between Jababeka, Keihan Real Estate Co., Ltd. and Nice Corporation is 49%, 48% and 3% respectively.

 

The three parties agreed to form a joint venture for working on the residential development with the concept of golf villa on 2.7-hectares of land area. This golf villa will be one of the Jababeka Residence’s top class projects in 2018.

In his remarks, GBC President Director Sutedja S. Darmono said that this is the right time to develop Jababeka Residence into a high-end residential area after a successful joint venture project with Japanese Creed Group in building the Kawana Golf Residence serviced apartment.

“We are very proud to have the opportunity to collaborate with two top Japanese developers of Keihan Real Estate Co., Ltd. and Nice Corporation. Through this collaboration we hope to realize the development of international standard residence to meet the needs of the upper middle class and the expatriates,” he said.

Welcoming the speech of Sutedja, President of Keihan Real Estate Co., Ltd. Yoshihisa Doumoto said that armed with strong experiences in the real estate industry in Japan, he was very pleased to have the first joint venture in Indonesia. Indonesia has tremendous economic potential, with vast land and highest population of productive age in ASEAN.

“Jababeka is the largest industrial township in Indonesia with thousands of multinational companies plus complete and unique facilities such as the golf course which is favored by the Japanese community. Through the golf villa project, we hope to provide luxury residential choices with a unique golf view and lifestyle, thus strengthening our portfolio as a top developer,” he added. (TPP)