Ascott Boost Pipeline Through Strategic Alliance With Indonesia’s Leading Developer Ciputra

CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), has formed a strategic alliance with one of Indonesia’s top property developers – Ciputra Development Group (Ciputra). Under the alliance, Ascott will manage serviced residences to be developed by Ciputra in Indonesia and China within the next five years. The 253-unit Citadines Sudirman Jakarta, the first property under the alliance, will open in 2021.

The alliance was inked today at the opening ceremony of Ascott Sudirman Jakarta , a property which Ascott acquired from Ciputra in 2017; celebrating in part Ascott’s longstanding partnership with Ciputra. Since it first partnered Ciputra in 1996 for Somerset Grand Citra Jakarta, which is jointly owned with Ascott Residence Trust; Ascott has also acquired Ascott Kuningan Jakarta from Ciputra in 2014. In addition to Citadines Sudirman Jakarta, the newly opened Ascott Sudirman Jakarta and Ascott Kuningan are all located within Ciputra World – a mixed-use multiplex development in Jakarta’s thriving Golden Triangle Central Business District.

Mr Kevin Goh, Ascott’s Chief Executive Officer, said: “Forming strategic cooperation with leading industry players continues to be a key growth strategy for Ascott, as it provides us with accelerated access to a quality project pipeline. Having strong reputable partners speaks volume of the value Ascott brings, through our international network, strong brand reputation and dominant foothold in many key markets around the world. We will continue to work with our strategic partners to not only expand within their markets but also to extend their reach overseas.”

This strategic alliance with Ciputra follows Ascott’s recent partnership with TAUZIA Hotel Management (TAUZIA) , one of Indonesia’s top five hotel operators. With these latest developments, Ascott achieved a record nine-fold increase in properties in Indonesia year-on-year, strengthening its position as the country’s largest lodging owner-operator. Its portfolio now stands at more than 130 serviced residences and business hotels with close to 22,000 units across 39 cities in Indonesia.

Mr Goh added: “Through our collaboration with strategic partners, Ascott has added the biggest number of properties in Indonesia in a year. With an expanded product offering, we expect to pick up pace in our growth in the country. Indonesia is Southeast Asia’s largest economy, where we see huge potential for us to expand. The country is witnessing increasing economic activities as well as infrastructure developments to improve travel connectivity, driving demand for quality accommodation. We will continue to bolster Ascott’s position as the largest international lodging player in Indonesia through investment, strategic alliances, management contracts and franchises as we work towards our global target of 160,000 units by 2023.”

Mr Ervin Yeo, Ascott’s Regional General Manager for Singapore, Malaysia and Indonesia, said: “We have just opened Ascott Sudirman Jakarta, a second serviced residence within the Ciputra World mega development due to high demand. Our existing Ascott Kuningan Jakarta in Ciputra World 1 has been performing well with consistently strong occupancies since it opened in 2014, and was recently awarded Indonesia’s ‘Leading Serviced Apartments’ at the World Travel Awards. Ascott will open nine serviced residences with more than 1,600 units in Indonesia over the next few years, including our first properties in Bandung, Somerset Asia Afrika Bandung and Citadines Kings Bandung. In addition, through our partnership with TAUZIA, our pipeline will include another 60 hotels with more than 8,700 units across Indonesia. With our scale and lodging network comprising a full suite of brands, Ascott is well positioned to meet the burgeoning demand from corporate and leisure travellers.”

Mr Artadinata Djangkar, Ciputra’s Senior Director, said: “Ciputra has enjoyed a strong partnership with Ascott for over two decades. We have properties in cities such as Jakarta, Semarang and Surabaya in Indonesia with potential to be developed into serviced residences. These properties can be managed by Ascott through its portfolio of award-winning brands. Tapping on Ascott’s global network and deep hospitality expertise, we are confident that the serviced residences will do well, and we can enjoy good returns.”

In Indonesia, Ascott offers the growing number of travellers a wide range of well-located serviced residences and business hotels across key cities such as Jakarta, Bali, Bandung and Surabaya. Demand for quality accommodation in Indonesia is booming with its rising middle-class population and its growing attractiveness as an investment and tourism destination. This is especially so in the capital city of Jakarta, an important business hub and popular destination for corporate meetings and business conferences. Indonesia saw more than 14 million overseas visitors in 2017, an increase of over two million from 2016 . Business and leisure travel spending is expected to rise respectively by 7.1% and 5.4% per year to 2028 .

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Four Awards for Ir Ciputra on His 87th Birthday

Dr. (HC) Ir. Ciputra, founder of several companies in Indonesia starting from Jaya Group, Metropolitan Group, and Ciputra Group, celebrated its 87th Anniversary. The celebration was held solemnly and simply at Dian Ballroom, Raffles Hotel Jakarta, attended by all family members, business partners, and company management. The celebration this year was also more special because Mr. Ciputra was awarded two international awards, namely the Brand Life Hall of Fame – the Lifetime Achievement Brand Icon Leadership Award and The Brand Life Book of World Records. In addition to two international awards, Mr. Ciputra was also awarded two national awards namely the Property and Empu Industry Industry, Artpreneurship, from the Indonesian Record Museum (MURI).

“Prayer and gratitude I endlessly pray to God for all the gifts given to me, my family and company because everything can work well. In the 87th period which resulted in young prices again, I still had dreams, hopes, and strong determination to create more of this beloved family, community and nation, “said Mr. Ciputra.

Mr. Ciputra also conveyed several ways how he would maintain his daily health. According to Mr. Ciputra, the principle to maintain health is 5 D namely Prayer to God, Doctor who is expert, Life discipline, Regular diet, and last is Fund or money. He further explained that prayer is a form of gratitude and hope to God. If God wants someone to do long, then it happens clearly.

An expert doctor is also needed so that someone can know correctly about his health condition. Then about the third principle, namely Life Discipline, Mr. Ciputra explained the importance of discipline in life because disciplinary lifestyles correlate with the level of health, for example the discipline of exercise. Mr. Ciputra also always applies a regular diet, especially about food. Then the last principle, namely funds or money, he gave that money for everything, but money was also needed to support a healthy lifestyle.

Meanwhile, the celebration of the 87th Anniversary was enlivened by the awarding of two international awards, namely the Brand Life Hall of Fame – the Lifetime Achievement Brand Icon Leadership Award and the Brand Life Book of World Records. The award was given by an international organization The Asia Pacific Brand Foundation and received directly by Mr. Ciputra.

According to Chew Bee Peng, CEO of The Asia Pacific Brand Foundation, giving awards to Mr. Ciputra has produced various kinds of independent goods. Related indicators that are used to build and build brands that build in the economy and social, and positive dissemination in building the community.

Since its establishment in 2005, The Asia Pacific Brand Foundation has awarded awards to world leaders who have backgrounds as entrepreneurs, statesmen, writers, social activists, sports athletes and others. People who have been awarded with awards include Jack Ma (founder of Alibaba), Mark Zuckerberg (Found Facebook), Nelson Mandela (former President of South Africa), JK Rowling (author), Jeff Bezoz (Amazon Store), Sir Alex Fergusson (football coach) , Lee Kuan Yew (former Prime Minister of Singapore), and other figures.

(Text by Boni Pramudya, Photo by Devina Wijaya)

CTRA Will Launch Five New Projects

Ciputra Group, through PT Ciputra Development Tbk, will launch five new projects by the end of 2018. The five projects are, CitraLand City Jakarta in Pulo Gadung, East Jakarta. They collaborated with Gama Land Group to develop 17 tower apartments on an area of ​​14 hectares. Ciputra Development Director and Corporate Secretary Tulus Santoso said that CitraLand City Jakarta was for the lower middle class.

“Because this class still survives, despite the sluggish economic conditions caused by the uncontrolled Rupiah. The lower middle market is still good,” said Tulus, Friday (08/24/2018 ).

Tulus revealed that the price of CitraLand City Jakarta apartment is around Rp. 400 million, with sales expectations of around Rp. 400 billion. Next is CitraLand Bagya City Medan Phase II, in Medan. In this project, Ciputra Development also cooperated with Gama Land Group. The third project is located in Ciracas, East Jakarta. Although it will be reported in the fourth quarter of 2018, but the middle to lower apartment projects with a starting price of Rp 400 million for this 25 square meter studio type have not been named.

“Same as in Pulo Gadung, we are aiming for this project to contribute sales of Rp. 400 billion,” Tulus said.

While the fourth project is in the Sentul area, Bogor, titled Citra Circuit Sentul Residence on an area of ​​100 hectares. It includes landed houses, apartments and commercial centers. According to Tulus, the residential price at Citra Sirkuit Residence starts from Rp. 800 million.

The last project was Newton 2 in the development area of ​​Ciputra World 2 Jakarta. Director of Ciputra Development Artadinata Djangkar said, Newton 2 will be released in the fourth quarter of 2018.

“The price is higher than Newton I, which is around Rp. 1 billion for the cheapest unit,” said Arta. Optimistic with the launch of the five projects, Ciputra Development is optimistic that this year’s sales target of Rp 7.7 trillion can be achieved. Although the realization until June has only reached Rp3.3 trillion. Sincerely acknowledging the current condition is indeed heavy, everything is uncertain, following the Rupiah that has not been controlled.

“Even though the interest rate is raised, but the Rupiah continues to decline, Rp. 14,600 per US dollar, this is beyond tolerance. But, hopefully, until the end of the year we can print positive sales. After August, we hope things will get better,” Tulus finished his statements.

(Text quoted from, photo illustration by the CTRA team)

PT Ciputra Development Tbk Distributes Rp176.09 Billion Dividend

PT Ciputra. Tbk under the name of shares of CTRA distributes dividends of Rp176.09 billion, or Rp9.5 per share of net profit of fiscal year 2017.

It has been approved in the AGM held Monday, June 4, 2018, at Ciputra Artpreneur Jakarta. Dividends to be launched on July 5, 2018 is worth 19.69 percent of the total net profit of 2017 book year amounted to Rp894, 35 billion.

In 2017, CTRA recorded total revenues of Rp6.4 trillion. Acquisition of revenue segment involving the center of expenditure, hotel, office rent, and hospital reached Rp1, 7 trillion. While the revenue from the property development segment which includes sales of residential houses, shophouses, land, apartments, and office buildings amounted to Rp4, 7 trillion.

Throughout the year 2017 CTRA also has offices in four new residential projects namely Barsa City Yogyakarta, CitraLand Cibubur, CitraLand Tallasa City Makassar, and CitraPlaza Nagoya Batam. This makes it possible to reach CTRA in the business property arena and provide benefits to the local economy.

CTRA President Director Candra Ciputra is optimistic that the financial performance in 2018 will be better than the year, with many demand for backlog sales for revenue recognition this year. This optimism is also to see marketing marketing revenue in the first period of 2018 amounting to Rp1, 6 trillion. The achievement represents 21 percent of the target of marketing sales in 2018 of Rp7, 7 trillion.

“The first achievement of the first year of 2018 is a positive indicator of growth occurred by 33 percent compared to the same period last year. Companies are optimistic to achieve this year’s sales targets for products, broad taps, strong brands, and still growing market demand, “said Candra Ciputra.

Independent Corporate Director Tulus Santoso added, in order to support the target of marketing sales target in 2018, the Company has and will launch several new projects. The newly launched project is Vertu Apartment at Ciputra World Surabaya. New projects will include Newton 2 Apartment at Ciputra World 2 Jakarta, a new township project in Sentul, a new apartment project in Cawang.

Newton 2 apartment in Ciputra World 2 Jakarta consists of 624 units of apartments with an area ranging from 24 square meters to 61 square meters. The new city project in Sentul is a 1,000-hectare cooperation project consisting of residential, apartment and commercial areas. While the new apartment project in Cawang has an area of ​​7 hectares equipped shop and kiosk, with the target segment of the middle and lower market. In addition, several ongoing projects have also launched a new cluster in Citra Maja Raya and a new cluster in CitraRaya Tangerang.