PROPERTY INSIDE – Bally Saputra with Riyadh Group Indonesia might be called as one of the rising stars in the property industries. Proven in quite a short time, various projects of high-rise buildings are being developed by this national developer. The most prestigious is the development of the Anai Golf and Resort and its investment is predicted to cost up to Rp. 5 trillion.
“The 400 Hectare area of the Anai Golf and Resort has only been built around 20%. This is because we still want to keep this resort area natural. We estimate that the development would have an investment of Rp 5 trillion. The first phase will take about five years with the investment allocation of Rp 5 trillion,” explained Bally.
The developer is optimistic that their investment is capable of giving benefits on portfolios of PT Andalas Anai Permai International. Even the company has plans to go public with initial public offerings shortly after the development of Anai Golf and Resort. It is reasonable that this big company is stepping into public, because the company continues to open its wings of business development widely.
In addition to the Anai Golf and Resort, this group of developers is also currently working on Setiabudi Condominium in Medan, North Sumatera. This first low cost condominium is developed by PT Lima Putra Realti, a subsidiary of Riyadh Group Indonesia. Medan became their first choice because vertical residential demand in Indonesia’s third largest city is quite high. Setiabudi Condominium consists of three towers with a total of 848 units.
The Anai Golf & Resort
Earlier, Riyadh Group Indonesia had successfully built the Pancoran Riverside Apartments. The The apartments stand on an area of about 5 acres in South Jakarta’s elite location that was developed by PT Graha Rayhan Tri Putra. These apartments possess a very strategic location, which is accessible from 4 corners, through MT. Haryono, Perdatam Pancoran, Kalibata and Jl. Dewi Sartika. Uniquely, the towers of the Pancoran Riverside Apartments were entitled with the names of the tribes in West Sumatra such as Chaniago, Piliang, Koto, Melayu, Bariang, Panai and Guci. The main idea behind this action is to give different nuance and also to safeguard the nation’s cultural wealth.
This developer of residential property, commercials, and hospitality is also currently planning the construction of a resort-style property of 3000 ha on Rempang Island, Batam and Riau Islands. This project will be one of the largest investment projects of Riyadh Group Indonesia. Furthermore, the resort is said to be the largest golf course construction project in Asia with international standard.
Setiabudi Condominium, Medan
Target market of the project located on Rempang island are retirees from Japan in Batam and surrounding areas. Moreover, a captive market also emerges from neighboring countries such as Malaysia, Singapore and Viet Nam. Currently, however, the company is still facing licensing complications.
For hospitality businesses, the company targets the market of budget hotels and 3 stars hotels. Under the banner of Bally International Management Hotel, Riyadh Group Indonesia is building a brand with the name ‘Rocks Hotel’. Several potential locations were aimed, including Puncak area in Bogor, Bukittinggi, Bali and Batam.
Bally Condotel, Koto Baru Lakeside, West Sumatera
