High Interest Rates Do Not Affect Property Developers’ Expansion – 2024-07-08 17:47:53

High Interest Rates Do Not Affect Property Developers’ Expansion
 – 2024-07-08 17:47:53
Groundbreaking of the Laguna cluster in Depok. (Doc. Vasanta Group)

HIGH interest rates have not deterred property developers from continuing to expand. Moreover, residential concepts ecotown is currently being loved by the public.

Vasanta Group Managing Director, Nicholas Hum, stated that his party continues to prioritize collaboration with business partners in producing a project.

“We are improving the quality standards of housing by creating a safe and harmonious environment for all residents,” he said.

Most recently, Vasanta Group through its subsidiary, PT Pakuan Tbk, together with PT MC Urban Development Indonesia (MCUDI), a subsidiary of Mitsubishi Corporation, held a groundbreaking for the Laguna cluster at Shila at Sawangan, Depok. This stage is a manifestation of the commitment of both companies as developers to complete the construction process on time.

The Laguna cluster, launched in late 2022, has a total of 202 units with two types to choose from, namely Verdant and Oakwood. With prices per unit starting from IDR 1.8 billion, this cluster is part of the Lake Series, a premium residential area that carries the concept of sustainable development.

Kenji Ono, President Director of MCUDI, said that this groundbreaking follows the success of The Grove cluster, which was handed over eight months earlier.

“The Tilia cluster was handed over in early 2024 and Lake Vista had its groundbreaking in December 2023. We will monitor the progress of each project development and adhere to strict standards in order to meet consumer expectations,” said Kenji.

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