The upcoming North Jakarta waterfront project is a milestone for Australian developer Crown Group, which is co-founded by Indonesian-born architect/developer, Iwan Suwito.
For Iwan Suwito, 2018 is a defining year for him – when his dream to build a ‘city within a city’ in Jakarta starts to materialise. In May, Crown Group, the property development company he co-founded in Sydney, signed a joint venture agreement with Pembangunan Jaya Ancol, a public company controlled by the Jakarta provincial government, to develop a Rp7 trillion (AUD700 million) luxury residential development in Ancol area.
Having built up their branding in Indonesia since 2013, the signing ceremony marks the culmination of all their efforts. The residential project is Crown’s first project in Indonesia occupying a 4.7-ha area located near the beach to the west of the Ancol recreational park in North Jakarta.
The project will feature residential towers with waterfront facilities such as a yacht club, waterfront promenade and commercial facilities.