Tall & Urban News

Property developer Emerald Land Development recently announced a new joint operation with PT Samudera Teknindo Hydraumatic for the development of a 50-hectare mixed-use development project in Karawang, West Java, Indonesia. The property, known as Emerald Neopolis, will integrate residential homes and apartments, hotels, business centers, education spaces, and offices to support the industrial sector in Karawang.

Emerald Land Development’s Managing Director Dodi Pramono said, “Emerald Neopolis was developed in stages, starting from 34 hectares of residential areas built in two phases to high-rise buildings (apartments, offices, business centers, education spaces, and hotels) in an area of ​​16 hectares. Construction of the first phase of the project is expected to cost approximately billion (US$71,454).

Dodi explained that the Emerald Neopolis project is planned to operate within a strategic area in the middle of the city known as Jalan Raya Pinayungan, East Jambe Bay, Karawang Regency , West Java. The development will be located next to the KM 52 Jakarta-Cikampek Toll Road and about 10 minutes from the West Karawang toll exit, connecting the West Karawang region and East Karawang region.

In addition to a series of large-scale factories in the Karawang Industrial Estate, West Java, such as Toyota Motor Manufacturing Indonesia, FSMC Manufacturing Indonesia (a subsidiary of PT Astra Otoparts Tbk), and Assembly and AHM Parts Center, Emerald Neopolis is also surrounded by office buildings maintaining thousands of workers.

Dodi Pramono stressed that throughout the development process, his company upheld all the required licensing rules related to property development in accordance with the applicable regulations in each region—before conducting any marketing activities. Developmental and building permits have been at the forefront of the construction process for Emerald Neopolis.

The Emerald Neopolis development land has a master certificate, validating the legality of the residential units within the property. “This is important so that every homeowner feels comfortable and does not experience legal problems in the future,” Dodi has said.

In addition, he continued, in order to facilitate home ownership transactions for the working community, especially the millennial generation, Emerald Land Development developers will begin to establish relationships with both conventional and Shariah banks. At present, there are two major banks that have officially supported the development of the Waldel Neopolis project, Bank BTN and OCBC NISP.

“In the future, the company will develop relationships and cooperate with more banks, both for construction and mortgage financing. At the moment, we are exploring Permata Bank. Alongside this, the development plan has entered the finalization stage,” concluded Dodi.

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