Jakarta, October 8, 2021 – PT Modernland Realty Tbk., through its subsidiary PT Mitra Sindo Sukses, has started handing over New East property products in Jakarta Garden City to buyers. New East is a lifestyle center that carries the tagline "New Heart Of The City". Developed in line with the establishment of Jakarta Garden City as a new lifestyle center in East Jakarta. For this reason, lifestyle center facilities will continue to be added and this is in line with supporting the addition of commercial facilities in Jakarta Garden City.

"We are happy and grateful to be able to hand over the New East shophouse to the buyer as we have promised. We will continue to strive as hard as we can to maintain our reputation as a trusted developer in Indonesia. The handover of New East is a manifestation of our commitment to maintaining all the trust that has been given by consumers," said Helen Hamzah, Director of Marketing Urban Development of PT Modernland Realty Tbk.

Meanwhile, Windy Silviana, one of the buyers of the New East shophouse product in unit no.10, admitted that she was happy to be able to receive the New East property she purchased according to the handover time promised by the developer. She is interested in buying a New East unit because it has many advantages as the Jakarta Garden City area becomes more prospective in the future.

"Investing in commercial products in Jakarta Garden City promises significant profits in the future. The advantages of New East include its strategic location, because it is located in the main boulevard area, only 300 meters from AEON Mall, IKEA and is located in a 4.5 hectare commercial area," said Windy Silviana.

New East consists of 60 luxurious shophouse units and 13 retails. The shophouse in the form of a three-story building with a width of six, eight, and 10 meters is priced starting from IDR 4.3 billion to IDR 11 billion. For retail, it will not be sold but rented. Consumers can buy by paying in cash, cash in installments of 6-36 times, and KPR with a 20% DP in installments of up to 24 times. The booking fee is only IDR 25 million/unit. Until now, New East has successfully sold 60%.

Helen Hamzah further said that the growth of property prices in Jakarta Garden City will continue to increase along with the addition of various residential products and new facilities in the area. "Therefore, now is the right time to invest in Jakarta Garden City because the price is still very reasonable and prospective. This price will certainly not be obtained again if all the new facilities have been built in Jakarta Garden City," said Helen Hamzah.

Various supporting facilities for life and lifestyle are available in Jakarta Garden City. Starting from shopping centers, health, schools (Global Mandiri School), modern markets, Shell gas stations, commercial areas to culinary facilities that are developed to meet the various needs of residents and the community around the East Jakarta area.

PT Modernland Realty Tbk. continues to realize its commitment to develop the 370-hectare Jakarta Garden City township to become a global city, the largest and most complete modern residential area in East Jakarta. In the future, Jakarta Garden City will continue to add facilities and open the door to cooperation with investors, both domestic and foreign. "To realize Jakarta Garden City as a Global City, of course we cannot do it alone. We want to invite investors, both from within and outside the country, so that this dream can be realized more quickly. We are grateful that JGC is now very visible as a Global City area," said Helen Hamzah.

Currently, several global investors who have made Jakarta Garden City a location for their business expansion include AEON MALL Co, Ltd, Hongkong Land in collaboration with Astra International and Modernland Land. IKEA, and Shell. In addition, the South Korean housing, architecture, civil engineering and factory construction company, Lotte Engineering & Construction (Lotte E&C) together with Modernland Realty have also officially formed a joint venture (Joint Venture/JV) which will develop a mixed-use project in Jakarta Garden City. Meanwhile, domestic investor brands such as Siloam Clinic will also soon operate to add health service facilities needed by residents.

"Jakarta Garden City is increasingly in demand and has bright prospects in the future as a Global City. This is indicated by the many potential investors, both from within and outside the country who have and will invest in Jakarta Garden City," said Helen Hamzah.

In the eyes of global investors, Jakarta Garden City has a high investment value. This is because, in addition to its strategic position, Jakarta Garden City is also surrounded by various best infrastructures and accessibility. as easily accessible. Jakarta Garden City is the right and attractive location because it is only 15 minutes from Tanjung Priok port, 10 minutes from Kelapa Gading, 40 minutes from Soekarno-Hatta Airport, 40 minutes to Patimban port, 1 hour to Kertajati International Airport, and 30 minutes from downtown Jakarta.

Most recently, the 9.3 km Kelapa Gading - Pulo Gebang Inner City Elevated Toll Road has also been inaugurated by the President of the Republic of Indonesia Joko Widodo (23/8/2021). In addition, transportation shuttle facilities are available to the TransJakarta hub and commuter line station.

With the addition of access to the Kelapa Gading - Pulo Gebang toll road, the location of Jakarta Garden City is increasingly strategic to access from all directions. It only takes 10 minutes to drive from Jakarta Garden City to the Jakarta business center in Kelapa Gading, Sunter and Kemayoran. Given the location of the in and out toll gates is not far from the gate of the Jakarta Garden City housing complex, it will be easier for residents to reach all areas in Jakarta and Bogor, Depok, Tangerang and Bekasi (Bodetabek).

In the most current conditions, Jakarta Garden City is opening the Central Business District (CBD) area with thousands of business opportunities that will be in it. Located in the heart of Jakarta Garden City, the development of this 40 Ha CBD will be one of the most significant and productive developments in Jakarta Garden City and the eastern part of Jakarta City.

"We are introducing Centerfold Business District, the new CBD of East Jakarta, to take on a new command role as the center of Jakarta's new economic infrastructure master plan. Centerfold Business District is a golden opportunity for all investors to be part of Jakarta Garden City's achievements and join the success of our international caliber investment partners such as Astra Land, Hongkong Land, Lotte E&C, AEON Mall, IKEA, Shell, and others," concluded Helen Hamzah.

PT Modernland Realty Tbk. offers investors the opportunity to participate in developing Jakarta Garden City into a Global City. For this reason, an opportunity has been opened to have commercial investment in the Jakarta Garden City CBD and in several strategic locations, certified, with an affordable price range with various uses such as for Mixed Use, Commercial Area, and Apartment.