Jakarta, September 23, 2020 – PT Mitra Sindo Sukses, a subsidiary of PT Modernland Realty Tbk., held a groundbreaking ceremony marking the start of construction of Cleon Park Apartment, the first apartment project in Jakarta Garden City township.

Due to the COVID-19 pandemic and PSBB restrictions, the ceremony was conducted with strict health protocols and limited attendance.

The event was also broadcast virtually via the Company’s official social media platforms.

Helen Hamzah stated that the pandemic has not hindered the Company’s commitment to completing the project, with a target handover in 2023.

The project has shown strong market response, with approximately 80% of its 310 units already sold.

Prices range from IDR 500 million to IDR 1.4 billion, with unit sizes between 32 m² and 73 m².

Located on the main boulevard of Jakarta Garden City, the apartment offers easy access to various facilities within a 1.7-hectare mixed-use development.

Strong Infrastructure & Accessibility

The project benefits from excellent infrastructure and accessibility, including direct access to the Jakarta Outer Ring Road (JORR) and proximity to Cakung commuter station.

Residents can easily reach major destinations such as Soekarno-Hatta Airport, Halim Airport, Tanjung Priok Port, and central Jakarta areas.

Investment Value Growth

Jakarta Garden City spans 370 hectares and integrates residential, commercial, office, and mixed-use developments.

The area features 30% green space and a 15-hectare lake, supporting environmental sustainability and flood prevention.

Land values have significantly increased over the years and are expected to continue rising.

Facilities & Living Concept

Cleon Park Apartment consists of two towers with facilities such as an infinity pool, gym, and sky garden.

Units are designed with a modern minimalist concept and offer larger layouts compared to typical apartments.

Semi-furnished units include essential appliances and fittings to support a practical lifestyle.

Payment Schemes

Flexible payment schemes are available, including mortgage financing (KPA) and installment plans.

The Company collaborates with leading banks such as CIMB Niaga, Maybank, Mandiri, Permata Bank, UOB, and Danamon to provide competitive financing options.

“We thank our customers and property agents for their continued support,” concluded Helen Hamzah.