Indonesia to Launch First International New Industry City

Indonesia to Launch First International New Industry City

A subsidiary of a Chinese developer in Indonesia will launch its integrated real-estate project of the country's first international new industry city on April 6, an executive of the company said on Friday.

China Fortune Land Development (CFLD) Indonesia's vice president Imelda Adhisaputra said the project, located in Tangerang city around 50 km west of Jakarta, offers 2,800 houses on the 60-hectare land.

"We bought the land for Lavon project from PT Alam Sutera Realty Tbk. It will be a mixed-use development, as we will integrate it with commercial and industrial clusters," she told Xinhua.

Adhisaputra added that the site will be provided with good connectivity, as the third phase mass rapid transit was being planned to connect the area with the capital city Jakarta.

China Fortune Land Development. Image:
China Fortune Land Development. Image:


"We had spent around Rp 4 trillion (300 million U.S. dollars) in the last two years to procure land and develop real estate in Lavon project and our second project in Karawang, West Java," she said.

The company's second project on 200 hectare land would also be a mixed-use development, with industrial estate being built before the commercial and residential clusters.

CFLD, established in 1998, is one of the biggest Chinese companies in the industrial estate sector and listed in Forbes Asia's Fab 50 Companies in 2015.

CFLD's President Jerry Zhao had said that Indonesia is listed on the company's top priority investment outside China. The company is looking for opportunities not only in Java Island, but other areas in the fourth most populous country in the world.

CFLD International's Tangerang New Industry City. Image: CFLD
CFLD International's Tangerang New Industry City. Image: CFLD


Chairman Judge of the 2017 Indonesia Property Awards Hendra Hartono, earlier this month, said that developers from Chinese mainland are aggressively coming into Jakarta's residential market, focusing on middle to high-end projects.

The latest data from Indonesia's Investment Coordinating Board shows the value of foreign direct investment in all property segments in Indonesia reaches 2.3 billion U.S. dollars in 2016. Overall in the 2016, China listed as third biggest foreign investor with 2.7 billion U.S. dollars following Singapore and Japan, respectively.

Source : XinhuaNet | CFLD

Indah Gilang Pusparani

Indah is a researcher at Badan Perencanaan Pembangunan Penelitian dan Pengembangan Daerah Kota Cirebon (Regional Development Planning and Research Agency of Cirebon Municipality). She covers More international relations, tourism, and startups in Southeast Asia region and beyond. Indah graduated from MSc Development Administration and Planning from University College London, United Kingdom in 2015. She finished bachelor degree from International Relations from University of Indonesia in 2014, with two exchange programs in Political Science at National University of Singapore and New Media in Journalism at Ball State University, USA. She was awarded Diplomacy Award at Harvard World Model United Nations and named as Indonesian Gifted Researcher by Australian National University. She is Researcher at Regional Planning Board in Cirebon, West Java. She previously worked as Editor in Bening Communication, the Commonwealth Parliament Association UK, and diplomacy consulting firm Best Delegate LLC in USA. Less
View all posts

Terima kasih telah membaca sampai di sini