Megapolitan Developments are building new projects in Karawaci and Karawang

24 MAY 2018

PT Megapolitan Developments Tbk (EMDE) will again launch new projects namely The Habitat Karawaci and Kahala Residence Karawang. The project for The Habitat will be introduced this year, while Kahala will only start next year.

Ronald Wihardja, Managing Director of PT Megapolitan Developments Tbk said the Kahala Residence project will stand four towers with a middle-class market segment. From the project, the company is projected to reap revenues of Rp 1.3 trillion.

"We are still calculating the development plan," he said in Jakarta, Thursday (5/24).

What is clear, the fastest development will only be carried out after the presidential election next year. It is better for companies to wait for the elections and the presidential election to start construction because it is related to the political and economic stability that will occur.

"From the start of the order number (NUP), we have said that this is the development plan after the election, because we also have to be careful this year, we don't want to (as long as we build), the construction will only start when it really is (stable condition), "continued Ronald.

Desi Yuliana, EMDE Sales & Marketing Director, added that marketing activities for Kahala Residence have already begun. Right now it's still a market test, because the company is targeting the middle class segment because it's location is quite good.

"We are indeed very optimistic about the potential of Karawang, this year it is more to the market test. We are targeting the middle class that is affordable because there are also many end users," Desi said.

 

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