The Residences at the St. Regis Jakarta on Jalan Rasuna Said, Kuningan, South Jakarta, currently being built. (Photo courtesy of Prefinite Communications)
Rajawali to Revitalize Reservoir Next to New St. Regis Luxury Apartments
BY :DIANA MARISKA
JANUARY 17, 2020
Jakarta. Rajawali Property Group has made a pledge to revitalize a reservoir in South Jakarta located near its latest luxurious apartment project, The Residences at the St. Regis Jakarta, to help prevent flood in the capital, many parts of which were devastated by floods and landslides on New Year's Day.
The chief executive of Rajawali Property Group, Shirley Tan, said meeting social responsibilities has always been one the company's objectives.
The West Setia Budi Reservoir is located right in front of the new apartment project. It is one of 76 reservoirs in Jakarta and plays a crucial part in flood management in the city.
"We have the utmost respect for the environment surrounding our project and will actively take part in minimizing negative impacts on the area," Shirley said in a statement.
"We have already begun revitalizing the reservoir by reducing pollution, strengthening its foundation and taking preventive measures to avoid flooding in the future," Shirley said.
The group's marketing manager, Yuliani Sunarto, said they might collaborate with the regional government on the revitalization project.
Open in 2021
The Residences at the St. Regis Jakarta will share a location with the St. Regis Hotel and Rajawali Place office building in one of Jakarta's central business districts on Jalan Rasuna Said in Kuningan.
Starting development in 2017, The Residences at the St. Regis Jakarta is set to complete its structural construction in April and open for business in 2021.
As of January 2020, 41 floors out of the planned 62 have already been completed.
When finished, there will be a total of 195 three-bedroom apartments with dimensions ranging from 355 to 373 square meters.
"They might be a little too big for newlyweds, but for families with children who can afford it, why not? They can expect to live here for quite a long time," the chief operating officer of the group, Ferry Maruf, said.
Prices for the luxury apartment units range from Rp 65 million to Rp 70 million ($4,700-$5,100) per square meter. Ferry said with the price being offered, buyers can only expect the best experience.
"What we offer is, first, fire and life safety with St. Regis standards. Second, our uncompromising quality. Third, the ability to enjoy facilities at the St. Regis Hotel located just next to the residences. And lastly, we offer prestige since St. Regis is an international and trusted brand," Ferry said.
"Jakarta is an exceptional city, and we understand that we have a niche market. We're more than confident we can deliver on our promises," Ferry said.