SOLD OUT! 460 CENDANA PARC LIPPO KARAWACI HOMES SOLD IN JUST 5 HOURS

Jakarta, June 7, 2021 – Landed homes have proven to be the most resilient property sector amid the Covid-19 pandemic. According to the “Jakarta Property Market Update” report by international property consultancy JLL Indonesia, released earlier this year using the Greater Jakarta (Jabodetabek) area as a research benchmark, there has been a clear upward trend in demand for landed housing.

Yunus Karim, Head of Research at JLL Indonesia, stated, “Landed homes with two to three bedrooms are the most sought-after types. We observed that approximately 35,000 new landed house units are expected to enter the market in 2021.”

In line with this trend, PT Lippo Karawaci Tbk. (LPKR) has successfully captured the market opportunity during the pandemic by repeating its sold-out success story. A total of 460 units of Cendana Parc landed homes were sold out in just five hours, with an average price of around IDR 900 million per unit. The project was oversubscribed by more than twice the available units.

Located in the heart of Lippo Village, these two-storey homes with two- and three-bedroom options were offered starting from approximately IDR 650 million. The public response to the Cendana Parc unit selection event, held on Saturday, June 5, 2021, at Maxx Box Lippo Village, was overwhelming. The event was conducted under strict health protocols and monitored by the Tangerang Regency Covid-19 Task Force.

John Riady, CEO of LPKR, expressed his gratitude for the public’s trust in LPKR’s quality housing products. “We sincerely thank all Cendana Parc buyers. We have delivered the best design for Cendana Parc—healthy two-storey homes at highly affordable prices. The collaboration between two renowned designers, Alex Bayu and Karl Princic, has successfully blended the harmony of nature with the urban lifestyle of our primary audience—millennials. Situated in the center of Lippo Village with access to well-established city infrastructure, Cendana Parc is not only a place to live, but also a future-proof investment.”

“We are truly grateful for the successful sell-out of Cendana Parc. However, we also want to extend our apologies to those who were interested but unable to secure a unit. We are currently preparing the next phase of our flagship Cendana Series—Cendana Parc Phase 2—and we will give priority to those who missed out this time,” he concluded.