CORPORATE ANNOUNCEMENT
VASANTA GROUP PARTNERS WITH SAMTY ASIA INVESTMENTS
TO LAUNCH THE PENINSULA PROJECT IN SAWANGAN, DEPOK
Jakarta — Vasanta Group reaffirms its commitment to expanding its business in the premium property market and bringing world-class developers to Indonesia. Through its subsidiary, PT Pakuan Tbk, Vasanta Group in collaboration with Samty Asia Investments Pte. Ltd. (based in Singapore, hereinafter referred to as "SAI"), has established a new entity named PT Vasamty Land Sawangan. This strategic partnership will launch its inaugural project, a series of elegant apartments called The Peninsula.
Strategically located between the Depok and Sawangan areas, this project offers convenient access to various facilities such as shopping centers, fine dining restaurants, and recreational facilities. Additionally, positioned just 12 minutes away from the JORR 2 Toll Road, which connects to downtown Jakarta, the project aims to provide modern living with appeal in every corner.
"Vasanta Group is proud to collaborate with Samty Asia Investments Pte. Ltd., a renowned investment and development company from Japan. This partnership aligns with our goals to meet the increasing demand for high-quality housing in the community. We are very optimistic that The Peninsula will become a dream residence offering boundless comfort," said Nicholas Hum, Group CEO of Vasanta Group.
The apartment project, which reflects exclusivity and meticulous detail, is planned to offer two-bedroom and three-bedroom units. With Sawangan Lake as its backdrop, residents of these apartments will have the opportunity to immerse themselves in nature while still being close to urban conveniences.
"As Samty Group expands into Indonesia, we believe The Peninsula is an attractive project, especially with experienced members from Vasanta as our partners. This project aims to provide safe and secure homes that many people will love to live in. Furthermore, we also want to make this project a bridge between Indonesia and Japan and strengthen the relationship between the two countries," said Tetsuro Kawamoto, Managing Director of Samty Asia Investments Pte. Ltd.
Construction of The Peninsula is scheduled to begin in 2025. However, the project has already attracted significant interest from prospective buyers. "With completion expected within the next few years, this project represents an exciting opportunity for investors and homeowners alike to be a part of a thriving community in one of Indonesia's most desirable locations," added Nicholas.
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