The Cawang Apartment Development is strategically located along the Cawang – DI Panjaitan corridor, offering excellent accessibility with convenient access to the Jabodetabek LRT, major toll road networks, and office complexes occupied by numerous state-owned enterprises (SOEs). The project is planned to include 571 residential units across two towers with a retail podium and is positioned as a resort-style urban living destination.
Strong rental demand from SOE employees, business travellers, and government officials, with attractive rental yields of 8.8% – 10.0% per annum and two-bedroom rental rates of IDR 7 – 16 million / month in the Tebet – Cawang area.
| Segment | Mid-Market |
|---|---|
| Number of Units | 571 |
| Selling Price | Phase 1: IDR 28 – 30 Million / m² Average Final Selling Price: IDR 36.3 Million / m² |
| Segment | F&B, Lifestyle & Daily Needs |
|---|---|
| Area | 301 m² |
| Selling Price | IDR 36.3 Million / m² |
| Partnership Scheme | Joint Operation (KSO) – Profit & Loss Sharing |
|---|---|
| Investment Sharing | Investor: Responsible for the full project capital investment. PT Wika Realty: Responsible for providing the land, securing building permits, contributing development expertise, and delivering overall project management services. |
2027
NPV : IDR 74.3 Billion
IRR : 28.06%
WACC : 10%
Payback Period : 3 Years
Cooperation Years : 5 Years
Development Area: 5,331 m²
Total NLA: 21,036 m²
Total GFA: 32,712 m²
Jalan D.I. Panjaitan, East Jakarta, Indonesia
Coordinates: 6.2384° S, 106.8776° E
Name : Redisya Gilang Permana
Title : Strategic Business Development Manager
Email : redisya_gilang@wikarealty.co.id