MANY DISCERNING INVESTORS, including US president Franklin D Roosevelt, once labelled real estate as the safest type of investment. Certainly, it’s hard to deny the allure of a wealth enhancement asset that can double as a second home. With Indonesia relaxing its policies on foreign ownership of property, including no additional foreign tax or duties, since August 2023, it is a good time for real estate investors to gain an early mover advantage by entering this relatively new market as soon as possible.
If you are among those inclined to do so, then Savyavasa, a luxury residential project located in Jakarta’s most sought-after neighbourhood of Dharmawangsa, ought to rank at the top of your list. The stunning 402-unit property is a joint venture by Swire Properties and Jakarta Setiabudi International Group and marks the Hong Kong-based developer’s first project in Indonesia. The acclaimed developers demonstrate their pedigree with Savyavasa, which is the first high-rise residential development in Jakarta to earn the Green Mark Gold standard, a building rating that certifies its environmental impact and performance.
This story is from the June 2024 edition of Robb Report Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the June 2024 edition of Robb Report Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Shine With Julia
Red-carpet elevation takes on new meaning with the Chopard x Julia Roberts high jewellery capsule collection.
Much Ado About Nothing
Is a cold, sanitised, minimalist aesthetic really aspirational? When it comes to our homes, a 'more is more' attitude might reflect a healthier outlook.
Putting The Fight In Flight
Military aircraft and their bizjet counterparts share more than meets the eye-to the benefit of both.
How Paris Got Its Groove Back
With a revitalised art scene, rule-breaking chefs and a slew of new hotels, the capital is ready again to go toe to toe with any city in the world.
The Art Of Evolution
Franck Muller transforms an icon with the new Long Island Evolution.
Urban Sanctuary
For investors who are interested in Indonesia’s property market, there’s no better place to consider than Savyavasa, a luxurious 402-unit condominium development in the south of Jakarta.
GREEN MONEY
Subrata Dutta of Samsonite on thoughtful retail practices and their impact on the environment.
The Ride Of Your Life
What could be better than a luxury cycling trip on a sultry Mediterranean island? One where your biggest hero in the sport is right alongside you.
A Parisian Dream
The Olympic Games Paris 2024 offers a unique opportunity to experience the event in unprecedented style, thanks to exclusive hospitality packages offered by the official hospitality provider, On Location.
Istanbul Is For Oenophiles
Turkey’s biggest city has some outstanding spots for wine lovers.