West Ancol Development

As a new cultural epicenter, the new development provides a program and facilities to support new coastal activities and lifestyles. It translates the principles of the cultural and leisure belt, linking the whole development of Ancol as a new integrated coastal destination that facilitates a new culture of coastal life. It showcases innovative and future-proof technological developments.

Market Opportunity

• Net absorption of retail space is expected to grow along with the completion of major retail projects in 2024 and improved customer traffic.
• ARR growth is expected to return to positive normal levels in 2024 as occupancy also improves. In 2024, a continuing recovery of the domestic travel market is expected to reach the pre-pandemic level.
• Rental Apartment: During the post-pandemic recovery period, economic recovery has brought a positive impact to the Rental Apartment market. Short-stay demands have risen during the post-pandemic period.
• 55% Jakarta Tourism Destination: Market Share - Ancol is dominating the market of Jakarta's tourism destination, with an increased number of visitors reaching 11.144.860 people in 2023.

Supporting Infrastructure:

The property is located within Ancol Jakarta Bay City (known as Taman Impian Jaya Ancol). Administratively, it is located in Pademangan District, North Jakarta. The major access to Ancol Jakarta Bay City is through Jl. Lodan Raya.