Urban Sanctuary

For investors who are interested in Indonesia’s property market, there’s no better place to consider than Savyavasa, a luxurious 402-unit condominium development in the south of Jakarta.

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MANY DISCERNING INVESTORS, including US president Franklin D Roosevelt, once labelled real estate as the safest type of investment. Certainly, it’s hard to deny the allure of a wealth enhancement asset that can double as a second home. With Indonesia relaxing its policies on foreign ownership of property, including no additional foreign tax or duties, since August 2023, it is a good time for real estate investors to gain an early mover advantage by entering this relatively new market as soon as possible.

If you are among those inclined to do so, then Savyavasa, a luxury residential project located in Jakarta’s most sought-after neighbourhood of Dharmawangsa, ought to rank at the top of your list. The stunning 402-unit property is a joint venture by Swire Properties and Jakarta Setiabudi International Group and marks the Hong Kong-based developer’s first project in Indonesia. The acclaimed developers demonstrate their pedigree with Savyavasa, which is the first high-rise residential development in Jakarta to earn the Green Mark Gold standard, a building rating that certifies its environmental impact and performance.