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Grage Group | Residential Property Development
Apartments & High-Rise Residential Building Development

As a property developer eager to expand upon its capabilities and propel advancements in the residential property segment, Grage Group is well prepared to introduce Indonesia’s local market to its latest projects in apartments and high-rise residential buildings. Through its subsidiary unit PT Grage Trimitra Usaha, the company is currently developing the Sima Izzara apartment complex and office tower in one of Jakarta’s highly-anticipated central business districts (CBD). Widely viewed as a future commercial hub and international business district, the TB Simatupang area holds extensive market potential as companies begin moving away from Jakarta’s traditional CBDs for their flagship locations. In catering to the rising demand, the Sima Izzara apartment complex and office tower is set to be the answer for the local market’s preference for combining comfort with the convenience of proximity for living and working spaces when selecting residential property.

Grage Group’s Izzara apartment complex area will offer tenants ease of access which will appeal to families and individuals seeking to reside outside of the congested Golden Triangle district. In maximising the potential of the TB Simatupang area, the Sima Izzara apartment complex will also be adjacent to the Sima Izzara office tower bringing to life the meaning of ‘Reinventing Modern Living’. As the number of ultra-high net worth individuals in Indonesia is expected to experience a 144% increase within the next decade (Knight Frank, 2014) and with the take-up rate of Jakarta’s apartment market reaching 87% in Q4 2014 (Colliers International), the Sima Izzara apartments will serve to facilitate upper class consumers seeking to invest in high-rise apartments in prominent business locations.

With greater connectivity occurring in Jakarta upon completion of the city’s MRT project, Grage Group’s Sima Izzara apartment complex and office tower will additionally provide homeowners with long-term value given its prime location and fully-serviced amenities. Presently set for notable success with the Jakarta-based Sima Izzara apartment complex and office tower, Grage Group’s future ventures include apartment construction in its commercial stronghold of Cirebon.