WIKA Realty Board of Commissioners Visit to 5 Projects in Surabaya and Bali

Wednesday, 26 June 2019

On 25-26 June 2019, the Board of Commissioners of WIKA Realty attend a working visit to five projects located in Surabaya and Bali, namely Tamansari Emerald in Surabaya and Tamansari Jivva, Tamansari Gangga Anantara Ubud, and Tamansari Jineng in Bali. The Board of Commissioners WIKA Realty is represented by Ismono Wijayanto, Seno Utomo, Puji Hariyadi and I Ktut Hadipriyatna, and Secretary of the Board of Commissioners of WIKA Realty Prihastuti and Members of the Nomination and Remuneration Committee M. Fakhrur Rozi, accompanied by WIKA Realty Corporate Secretary Juni Ermawan.

On the first day the Board of Commissioners visited Tamansari Emerald Surabaya, which is the second apartment and condotel product developed in Surabaya. With the theme of 'Redefine Stylish Living', this apartment collaborates with architecture consultant Urbane to develop residential with luxury and green living concept that will be equipped with exclusive facilities in each unit, namely smart home technology and ready to drink installation. Several other facilities in this residence, including private cinema room, skybar, skygarden, BBQ area, infinity swimming pool, luxury spa, gym, jogging track, putting green area, to virtual golf. Currently Tamansari Emerald has a development progress of approximately 8%.

On the second day this activity is continued on the WIKA Realty project in Bali, which began by visiting Wyndham Tamansari Jivva Resort, Klungkung. This hotel is the second project developed in Bali that has been operating since November 2016 and is operated by an international hotel group, Wyndham Hotel Group. This hotel is the first hotel developed in the Klungkung area and has a variety of 5-star facilities, one of which is a beach club that is equipped with an infinity pool, spa, gym and more. In addition, the hotel also has direct access to Lepang Beach which has black sand, making it more exotic than the beaches in other regions in Bali.

Furthermore, Anantara Ubud is one of the newest properties being developed by WIKA Realty through its subsidiary, PT Wika Realty Minor Development, which is the result of collaboration with a developer from Thailand, Minor Hotel Group. The hotel is built on 4 Ha of land and is planned to be developed into 50 villatel units and 50 hotel units with various 5 star facilities. Currently, the development progress has reached 35 percent and is targeted to start operating in 2020 by international hotel operators, Anantara Hotel. The development of this Anantara Ubud hotel is believed to attract domestic and international tourists who want a cool and quiet atmosphere typical of Ubud, which is far from the hustle and bustle of the city center.

The visit then continued to Tamansari Gangga which is located in the Tabanan area. The development of this property will be carried out in two stages, namely Phase 1 covering 1.3 Ha to be developed as 97 condotel units and 38 villa units and Phase 2 covering an area of ??1.08 Ha which will be developed as 30 units of villas and beach clubs. At present, the construction of Tamansari Gangga Phase 1 has a progress of 81% in condotel buildings and is targeted to be completed in the first semester of 2020. WIKA Realty hopes that this condotel can start operating at the end of 2020 and as a whole can start operating in 2021.

This activity was closed on the last visit at Tamansari Jineng which was the first hotel of WIKA Realty in Bali located on Jalan Sunset Road. The location of this hotel is located in the middle of the prime area adjacent to the business district, the tourist area of ??Kuta and Seminyak, and Ngurah Rai Airport. This hotel has been operating since mid-2016 and has an average occupancy rate of 85% per June 2019.

The series of project visit activities is one part of the work plan of the WIKA Realty Board of Commissioners. The Board of Commissioners hopes that the projects being developed by WIKA Realty can be completed according to the target time and provide significant investment to companies and investors.