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News 21/10/2019

Co-living Apartment Starts To Be Built In Pondok Cabe

PT Setiawan Dwi Tunggal officially started the construction of The Parc South City apartment, in Pondok Cabe, South Jakarta, Thursday (19/9/2019). In fact, the groundbreaking had already been carried out following the construction of the building foundation last July by PT Indonesia Pondasi Raya (Indopora) Tbk. SouthCity Director Peony Tang targets the completion of The Parc construction in the second quarter of 2019. “We want to show our commitment to be able to carry out the handover process to our customers.” said Peony in a written statement to Kompas.com.

According to Peony, the Parc will be developed by 3 towers with a height of 13 floors and includes 1,701 apartment units. This apartment is designed to accommodate the needs of millennials and young executives. This is indicated by the payment method in installments, namely Rp. 1.5 million per month without a receipt or booking fee during the ground breaking period. In addition, the design concept is also adapted to the millennial lifestyle, namely co-living. “This co-living concept will be a breath of fresh air for the trend of property growth in Indonesia, especially Jabodetabek,” she added. Since being marketed in June 2018, The Parc has sold around 75 percent of the total 391 units for the first tower, Summer Tower. There are 3 types, namely Studio (22.55 square meters), 1 Bedroom (30.06-37.49 square meters) and 2 Bedroom (46.60 square meters) with a benchmark price of IDR 375 million to IDR 731 million. To note, The Parc is part of the development of SouthCity covering an area of ​​55 hectares. To make sure the plan is well executed, PT Setiawan Dwi Tunggal has invested a sum of Rp 1 trillion.

Source: Kompas.com

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