Crown Group Plans Vertical Waterfront City for Jakarta

SYDNEY,Aug. 26,2019 -- LeadingAustralian developer Crown Group has unveiled its vision to build a new luxury waterfront residential precinct on the Jakarta waterfront. The development will be the first of its kind for Indonesia,with 2,000 luxury homes and its own marina,beach club and dining precinct at Ancol.

Crown Group

Crown Group,based in Sydney,signed an agreement with Indonesian government organisation PT Pembangunan Jaya Ancol in mid-2018 to create the vertical city. The plans will be presented to the Indonesian government for approval later this year,with the project set to launch to market in 2020.

Real estate and tourism developer PT Pembangunan Jaya Ancol Tbk is best known for developing Ancol Bay,the largest tourist park in South East Asia,in the 1980's,which attracts 300,000 visitors a year. It boasts its own championship golf course,the 24-hour Ancol Dreamland amusement park,SeaWorld,various hotels,open-air markets and a marina.

Chairman and Group CEO Iwan Sunito said the first Crown Group project in Indonesia would herald a new era for waterfront living in the island nation and set a benchmark for residential property development in Indonesia.

"The vision is to create a landmark that will be the jewel of Indonesia and a marina that the world hasn't seen before," he said. "We will be the first to bring waterfront living to Jakarta,inspired by the world's best- Sydney's famous Darling Harbour and Circular Quay- through the development of vertical mixed-use residences."

The joint venture will see a series of towers created on a 4.7ha site,with a luxury waterfront living concept designed by Japanese-Australian architect Koichi Takada,who is based in Sydney.

The project will bring a new level of luxury to the area,with spectacular shared facilities for residents and the public to enjoy,including a yacht club,waterfront promenade and beach club-style dining.

The AUD$1 billion development will offer 9,000sqm of retail boutiques,restaurants and bars and a commercial precinct. There will also be a network of outdoor terraces,boulevards and jogging tracks.

The first stage is expected to be completed in 2024 with 800 apartments,a gym,spa and infinity swimming pool,and a further 1,500 apartments in the second stage.

Mr Sunito said: "This will be a place where communities can come together,with and inclusive feel. We want to create a space where people can walk through and experience the galleries,the boutiques,the restaurants and the waterfront."

Architect Koichi Takada said he had drawn on elements of Indonesia's natural environment and cultural heritage to create a contemporary development with a connection back to Indonesian culture.

"The site is on the edge of the land,facing the Java Sea," Mr Takada said. "As you fly into Jakarta,you see the Ancol development with its collection of eight high rises that almost appear like an Indonesian archipelago,rising out of the sea. So,we looked to Raja Ampat Papua,the Indonesian archipelago off the coast of West Papua - known as the Four Kings - for inspiration,and the Green Canyon in Pangandaran Beach of islands."

"Our design has parts that face the water,parts that face back to the city of Jakarta,then in between you have cascading terraced apartments and garden features,with public and residential amenities in between. This will give it a laneway feel,almost like going through a canyon,or the islands of the archipelago. It's quite a dramatic and emotionally fluid experience to go through it. That to me is the character and experience of Jakarta- you go through all these traditional villages and houses in between the skyscrapers,and experience the city on a human scale,in all these in between spaces. We wanted to capture that experience."

For more information,visit www.crowngroup.com.au

Media Interviews

Crown Group Chairman and Group CEO Iwan Sunito is available for interviews on request.

Images & video

Images and video are available upon request including artist impressions,photographs of display apartments and computer-animated 'fly-through' footage of selected Crown Group developments.

About Crown Group

Crown Group Holdings (Crown Group) is a leading Australian property group specialising in property development,property investment and serviced apartments. The company was co-founded by architect Mr. Iwan Sunito and engineer Mr. Paul Sathio with its first project in 1996.

Crown Group has successfully completed major developments in Sydney's best locations including Bondi,Bondi Junction,Parramatta,Ashfield,Epping,Homebush,Newington,Pennant Hills and Rhodes and most recently the 25-storey Arc by Crown Group in Sydney CBD and 2017 Property Council of Australia's Annual Property Congress' one of the World's Best Projects Infinity by Crown Groupin Green Square.

Today,Crown Group boasts a portfolio of eight major projects under development and in the pipeline. It is currently developing threemajor projects in the Sydney area:the $500 million five tower precinct Mastery by Crown Group in Waterloo being developed with Mitsubishi Jisho Residence; Waterfall by Crown Group in Waterloo; and Eastlakes Live by Crown Group the most exciting new address in the Eastern Suburbs.

Crown Group launched SKYE Suites in Parramatta in August 2017 and Sydney in October 2018 and will launch Green Square soon.

www.crowngroup.com.au

Awards

Crown Group has been awarded more than 30 high-profile industry awards including the 2018 Urban Development Institute of Australia (UDIA) NSW Best Mixed-Use Development and 2016 International Property Awards Best Residential High Rise Architecture Australia for V by Crown Group Parramatta; 2017 Property Council of Australia's Annual Property Congress' one of the World's Best Projects for Infinity by Crown Group; 2017 Master Builders Association NSW Excellence in Construction Awards for Skye by Crown Group; 2015 International Property Awards Best Residential Development Australia for Arc by Crown Group; 2015 MBA NSW Excellence in Construction Awards for Viking by Crown Group Waterloo and 2014 UDIA NSW President's award – considered one of the highest property development accolades in Australia – for the seven-tower,resort-style development Top Ryde City Living.

www.crowngroup.com.au/industry-recognition/

Photo - https://photos.prnasia.com/prnh/20190822/2558992-1?lang=0