The high activity of Japanese expatriates in industrial territory in Cikarang of Bekasi is taken into market opportunity by PT Selaras Inti Corpora. Through its subsidiary, PT InterArt Graha Selaras, the company is developing Grande Valore hotel and apartment under the investment value of US$ 5.8 million (IDR700 bil
The high activity of Japanese expatriates in industrial territory in Cikarang of Bekasi is taken into market opportunity by PT Selaras Inti Corpora.
Through its subsidiary, PT InterArt Graha Selaras, the company is developing Grande Valore hotel and apartment under the investment value of US$ 5.8 million (IDR700 billion).
Also, the existence of Chinese expatriates keeps increasing every year in line with the growth of industrial area in Cikarang.
This becomes an opportunity to local hotel and apartment development, both for rental or strata title, due to majority of foreign investors from Japan who invest in Indonesia have business plan for long term period.
In the future, he convinced there will be many Japanese expatriates to come to Indonesia for business expansion.
“It is different with the investors from other Asia countries, wherein generally they invest in shorter period,” he said recently.
In particular with apartment development, he said the property investors have obtained benefit with the standard price for apartment room which reaches only US$1,500 per month. Moreover, he said, the rental price in the area has actually reached US$2,000 per month.
“The investors will be interested with such prices wherein the Japanese will take long term lessee certainty. Generally, they lease for one year period,” he said.
Therefore, Edhijanto said since two years ago, the company has developed the Grande Valore hotel and apartment in a two hectare land area.
According to him, the hotel construction phase has almost been completed and might be operated in the middle of this year.