This article is from the Australian Property Journal archive
IWAN Sunito’s Crown Group has unveiled plans for its $1 billion waterfront city in Jakarta’s Ancol, which will have 2,300 homes across eight towers, and marina, beach club and dining precinct.
The Sydney-based group struck an agreement with Indonesian government real estate and tourism developer PT Pembangunan Jaya Ancol for the project in early 2019. Plans will be presented to the Indonesian government for approval later this year, with a project launch in 2020.
“We will be the first to bring waterfront living to Jakarta, inspired by the world’s best – Sydney’s famous Darling Harbour and Circular Quay – through the development of vertical mixed-use residences,” Crown Group chairman and chief executive officer Iwan Sunito said.
The series of eight towers will be created on a 4.7-hectare site, with designs drawn up by Koichi Takada, also based in Sydney.
The precinct will include around 9000 sqm of retail boutiques, restaurants and bars and a commercial precinct, as well as outdoor terraces, boulevards and jogging tracks.
Completion of the first stage is expected in 2024 and will comprise 800 apartments, a gym, spa and infinity swimming pool, while stage two will inlude a further 1,500 apartments.
PT Pembangunan Jaya Ancol Tbk developed the south-east Asia’s largest tourist park, Ancol Bay in the 1980s. The precinct has its own golf course, the 24-hour Ancol Dreamland amusement park, SeaWorld, hotels, open-air markets and a marina.
Takada said the site is on the edge of the land, facing the Java Sea.
“As you land in Jakarta you see the Ancol development with its collection of eight high rises that almost appear like an Indonesian archipelago, rising out of the sea. So, we looked to Raja Ampat Papua, the Indonesian archipelago off the coast of West Papua also known as the Four Kings, for inspiration, and the Green Canyon in Pangandaran Beach of islands.
“The rice terraces in Bali are culturally specific to the Indonesian landscape and we wanted to celebrate that. Jakarta is known for its heavy traffic and traffic jams, but the flow of traffic is organic, it moves like a school of fish in this energetic city.”
President director of PT. Pembangunan Jaya Ancol, C. Paul Tehusijarana, said the mixed-use concept combined with a world-class waterfront lifestyle can add a new sense of value to the Ancol area.
Australian Property Journal
