Investment Value of Saumata Apartment Soars After Handover
Jakarta as the biggest metropolitan city in the country, is now lacking sufficient land for the development of places to live. It is difficult to find the space for high-rise buildings, let alone for landed houses. It is not a surprise that towns around Jakarta became the alternative place to live for those who works in the capital city.
Provinces such as Bekasi, Tangerang and South Tangerang is full of real estate projects to be able to accommodate to the demand. High-rise model had become the trend of real estate development in these areas. Furthermore, demand for high rise apartments in Tangerang and around it has rapidly increased.
Based on the data of Cushman & Wakefield Indonesia on October 2016, area of Tangerang currently offers more than 12,686 units of apartments. Tangerang area is a home to more than 25 million people, consisting of towns such as South Tangerang, Tangerang City and Tangerang district which is in the province of Banten.
Serpong area became one of the attractive area with high potential for real estate developers to develop high rise apartments. Rapid increase in growth and demand for vertical living in Tangerang, Banten, attracts developers to start their project in the area, with currently more than 30 high rise apartment projects are being developed.
Due to its high potential, on June 2014, one of the developers, PT Sutera Agung Properti started its first projects, Saumata Apartment in Alam Sutera, which caters to the high income customers who are looking to move away from the heavy traffic and crowded metropolitan city of Jakarta. Saumata Apartment is erected under 1 hectare of land, 38 levels of marketable apartment units, consisting of 200 units in total. A topping off ceremony is held last November of 2015.
On middle of February 2017, PT Sutera Agung Properti held a handover ceremony to buyers of the apartment units. The apartment is built based on the modern concept of subtle luxury. “The development of our first project, Saumata, we bring aboard the services of Aboday, an architect and a renowned designer who had taken on a lot of projects both residential and hospitality in Indonesia and Singapore.” said Boy Noviyandi, Marketing Director of PT Sutera Agung Properti.
Boy added that PT Sutera Agung Properti fully committed to be the leading developer which prioritizes projects which emphasizes on concept, quality as well as the HSE (Health and Safety Environment) principle. In addition, PT Sutera Agung Properti will always be committed to meeting the deadline as promised to all buyers.
“Hand over will be carried out on 18th of February 2017, as per planned. We also keep our commitment to ensure that the interior condition of the unit is made identical to the initial show unit which we had shown to our buyers. Consistency will always be our priority for every current and future projects that we develop.” explained Boy Noviyandi.
The developer not only ensures that their project will always be right on time as promised, but also guarantees that the investment value of Saumata will reach its high potential. During the launching in June 2014, the price is Rp 20 million per m2 and the following years after that in 2017, the price had increased significantly to Rp 28 million per m2. The price of 2BR type of Saumata Apartment starts from Rp 3.8 billion, 3BR type Rp 5.2 billion and the Loft Rp 6.5 billion as well as the Penthouse at Rp 8 billion. “Out of all of the room types, the most demanded and sold unit types is the 3BR and now 10% of our buyers are foreigners.” he added.
PT Sutera Agung Properti will be holding a ground breaking ceremony very soon for its second project, Saumata Suites. This second project had sold more than 25% of its units and is set to follow the footsteps of success of the first Saumata Project.