Located in Rasuna, Kuningan this condominium is part of a mix development by PT Bakrieland Development, which occupies a land area of 44.7 hectares. The development itself is targeted to spread through 10 to 15 years. Currently they have developed and are developing 21 hectares of the whole projected area. The Grove will be part of the 12 hectares of development within the next three years along with their office towers, malls.
The Grove itself consists of 3 towers, 2 towers for residence and one tower for serviced apartments. Built on a 1.3 hectares land with a gross building area of 120,000 sq m and roughly around 75,000 sq m of saleable area, this project just had its groundbreaking ceremony on March 21st 2007 and is scheduled for hand over in mid of 2009.
Their features divide the two residential towers. The first tower offers the luxury of a private lift whilst the other uses a common elevator. The average price range for the first tower is between Rp 15 million per sqm to Rp 19 million per sqm with two bedrooms sizes at 83.43sqm and 105sqm as well as a three bedrooms type sized at 176.38sqm and 147.29sqm (two floors). The price for the second tower ranges from Rp 14 million/sqm to Rp 17 million/sqm with two bedrooms sized at 86.64sqm and three bedrooms sized at 127.29sqm. Allegedly this project has sold out up to over 70%
Located in the heart of Kuningan and CBD triangle, this projects looks to be promising mainly because of its mix development, making it a residential town within the city as a multi complex residence. As they are building office towers as well as the surrounding area is mainly office their target would be most likely the higher class of Professionals within the area.
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