Palm Court Apartment

Project Profile

Palm Court is a premium apartment complex built in 1990 in Jakarta's Golden Triangle, with two towers totaling 28,788 m2 of gross floor area and premium amenities such as a swimming pool, onsen, gym, helipad, and extensive parking facilities. To enhance its value, Perumda Pembangunan Sarana Jaya is upgrading key facilities, including the lobby, corridors, residential units, swimming pool, and gym, to meet modern premium living standards.

 

Market Opportunity

Jakarta's hotel market continues to benefit from growing demand driven by MICE activities, corporate travel, international tourism, and the staycation trend. Palm Court further benefits from its location near Jakarta's major office and business districts, making it an attractive residential option for expatriate professionals.

 

Target Market
Hotel Origin: Domestic 70% / Foreigner 30%
Type: Corporate 40% / Family 30% / Traveler 30%

 

Product Development
Hotel
Segment 4-Star Hotel
Room Types Standard, Deluxe, and Suite
Number of Rooms 145
Rental Rate IDR 1.5 Million / night

 

Project Structure
Partnership Scheme Build, Operate, and Share (BOS) or Profit-Sharing Partnership.
Investment Sharing

Proposed Capital Structure: 30% Asset Owner 70% Investor


Investment Cost
IDR 217.10 Billion
Expected Started Date

2026

Financial Analysis

NPV : IDR 55.8 Billion
IRR : 15.26%
WACC : 10.49%
Payback Period : 7.4 years
Partnership Period: 20 Years

Land Area

Development Area : 10,300 m2
Total GFA : 28,788 m2
Total NLA : 21,292 m2

Location

Gatot Subroto street Kav. 26-27, South Jakarta

6.236126° S, 106.825095° E

Contact

Name : Yesaya Kekko
Title : Supervisor of Business Development
Email 1 : yessaya.kekko@sarana-jaya.co.id