JAKARTA: Modernhill Pondok Cabe developer, PT Modernland Realty Tbk, spent IDR46 billion investments to build a new cluster namely The Palm Resident in Modernhill.
PT Modernland Realty Tbk Chief Operating Officer (COO) Urban Development Andy K. Natanael said the new cluster will be build over 1.8 hectares area and consist of 96 houses worth IDR470 million to IDR650 million.
“We also complete the cluster with supporting facilities to increase occupants comfort such as jogging track, multi purpose court, tennis court, and childrend play ground,” he said in a relase received by Bisnis, Tuesday, June 5, 2012.
He is optimistic that this cluster will be sold by the end of 2012 because Modernhill is located in a strategic location adjacent to Pondok Cabe airport and other centers such as schools and supermarkets.
Currently, besides The Palm Residence, there are two more clusters which being developed at the Pondok Cabe Modernhill namely Green Tranquility and Neo Agathis. Both are offered at a price range of IDR360 million to IDR600 million.
Green Tranquility is a two-storey house cluster with terraced land contours while Neo Agathis Residence is the development of Aghatis cluster which have previously been sold out.
Modernland owned a total of 60 hectares in the area and the company has only managed to develop 30 hectares.
Until the end of this year, the company plans to launch new cluster in Modern Hill Pondok Cabe. (T07/TW)