Cinity, IDR 20 Trillion Jumbo Project in Cikarang, Officially Launched

PT Sri Pertiwi Sejati (SPS) launched Cikarang International City (Cinity) as a residential and commercial center in Cikarang, West Java. The property built in this industrial area has an area of 500 hectares and the initial development is around 50 hectares with 70 hectares of green area. Cinity CEO Ming Liang said the total investment value spent for the first phase was around IDR 20 trillion with investment in 2023 of IDR 3 trillion. "So we are also collaborating with several foreign investors from Japan, one of which is Premier Lake Residence and we are still opening up investment opportunities, both locally and abroad," explained Ming Liang in response to Kompas.com at a press conference in Jakarta on Wednesday (1/2 ). /2023). Premier Lake Residence is a residential property developed by PT Premier Qualitas Indonesia and is the first housing product in Cinity. Apart from residential properties, Cinity will also build an outdoor shopping street area covering an area of 35 hectares. This area is included in the initial stage of the project starting in 2023. For its first commercial product, Cinity launched Urban Hub which is a shop house (ruko) with the concept of The Trilogy. The Urban Hub will provide 96 3-story shophouse units with individual access on each floor. "This year's shopping street we have 2 clusters, Urban Hub and Morrocan, we are targeting to be sold out this year. Construction will take 12-18 months," added Ming Liang. To achieve the target of becoming an Entrepreneur City and International Trade City, Cinity also collaborates with the Ministry of Cooperatives and MSMEs, the Association of Indonesian Retailers and Shopping Center Tenants (HIPPINDO), and the Indonesian Internet Service Providers Association (APJII). "We must collaborate with the Government as a regulator to support MSMEs to develop. Collaborate with HIPPINDO because they are directly involved in the field and can support the occupancy of retail street presence in City," Ming Liang added again. APJII in this case will support the acceleration of internet services in City and encourage the area to become a smart city. This is realized through the provision of underground fiber optic cables so that the New City will be tidier. Ming Liang targets to achieve a sales value of up to IDR 2 trillion in 2023, which is an accumulation of residential and commercial properties. Source: https://www.kompas.com/properti/read/2023/02/01/130000321/cinity-proyek-jumbo-rp-20-triliun-di-cikarang-resmi-diluncurkan?page=all