Japan's Kasumigaseki Capital to engage in Indonesian housing project

24, May. 2021

Architectural images of houses to be developed by Kasumigaseki Capital Co.'s local unit in Indonesia, PT. Kasumigaseki Development Indonesia. (Photo courtesy of Kasumigaseki Capital Co.)
Architectural images of houses to be developed by Kasumigaseki Capital Co.'s local unit in Indonesia, PT. Kasumigaseki Development Indonesia. (Photo courtesy of Kasumigaseki Capital Co.)

JAKARTA, NNA - Japanese real estate consulting firm Kasumigaseki Capital Co. has tied up with Indonesian developer PT Baruna Realty, known for its trademark Greenwoods Group, for a housing development project in the suburbs of Jakarta.

Kasumigaseki Capital's local subsidiary, PT. Kasumigaseki Development Indonesia, and Baruna Realty will construct 316 housing units in the Bekasi Regency of West Java for sale beginning in September.

They will be built on a 37,303-square-meter plot of land under a joint project named "Citaville Pilar Cikarang," for which road construction and other fundamental groundwork will begin in June, Tokyo-based Kasumigaseki Capital said.

Baruna Realty was established in 2005 and has since engaged in more than 50 projects, mainly in apartment and housing development, according to Kasumigaseki Capital. (NNA/Kyodo)