Palm Court Apartment





Project Overview

Palm Court is a premium apartment complex built in 2004, located in Jakarta’s prestigious Golden Triangle. Consisting of two towers features spacious living units and premium amenities such as a swimming pool, onsen, gym, helipad, and ample parking space. To unlock its full potential, Perumda Pembangunan Sarana Jaya is initiating an asset revitalization program that includes upgrading main facilities to meet the standards of modern premium living.

Sarana Jaya aims to reposition this legacy property into a vibrant 4-star hotel and serviced apartment. The revitalization will enhance architectural elements with a blend of classic art-deco style and modern functionality, creating a distinctive hospitality product in the CBD.

Market Opportunity :
- Jakarta recorded 430,659 international visits in 2024, representing a 17.2% increase compared to the previous year.
- The average occupancy rate reached 70.6% in Q4 2024, driven by MICE activities from both the government and private sectors.

Target Market :
- Professional expatriates working in Jakarta for multinational companies, embassies, oil & gas firms, technology companies, and consulting firms
- Local executives on business trips to Jakarta’s Central Business District (CBD)

Investment Cost
IDR. 217,10 Billion

Land Area : 10,300 m2
Total Gross Floor Area : 28,966 m2
Total NLA : 27,795 m2


Financial Analysis

Net Present Value : IDR 55.800.000
Investment Rate of Return : 15.26%
Weighted Average Cost of Capital : 10.49%
Payback Period : 7.4 years

Expected Start Date

2026

Location

Gatot Subroto street Kav. 26-27, Kuningan, South Jakarta

-6.236126, 106.825095

Contact Info

Name : Henriko Ganesha Putra
Title : Investor Relation Manager Perumda Pembangunan Sarana Jaya
Email : Henriko.Ganesha@sarana-jaya.co.id 


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