Waskita Accelerates Vasaka City Development Through Subsidiary

Waskita Accelerates Vasaka City Development Through Subsidiary

PT Waskita Karya (Persero) Tbk through its granddaughter PT Waskita Modern Relati successfully carried out the G round B reaking of the AVASTA Cluster which is the first stage of the Vasaka City Mandiri City Area Development and also as a marker for the start of the Cluster construction on Thursday, February 24, 2022. The AVASTA Cluster is located in a 640-hectare New Independent City Area with the concept of Oasis Urban Development in East Jakarta, North Bekasi to be precise. This is one of the Company's efforts to continue to support the One Million Houses Program which is one of the national strategic programs to meet housing needs for the community.

Waskita Modern Realty's President Director, Dono Parwoto, said that during this pandemic period, Waskita Modern Realty's commitment to immediately present the first residence in the Vasaka City area. The collaboration between these two large development companies, PT Waskita Karya Realty and PT Modernland, Tbk. will produce harmony in the development of the Vasaka City area, which is also the first project of PT Waskita Modern Realty.

"We sincerely want to enter and compete in the property market, especially in the East Jakarta area; therefore, we accelerate the process of developing the Avasta Cluster," said Dono Parwoto.

Dono Parwoto added that the harmonious development of infrastructure in the JABODETABEK area, especially the eastern area of Jakarta, which began in 2020, will increase the potential that the AVASTA Cluster will be able to compete in the property market in Bekasi.

Avasta has superior selling points compared to its competitors. The first residence in Vasaka City, built on an area of 12 hectares with a total of 969 units consisting of AVASTA 1, type 22/60, AVASTA 2, type 29/60 and type 36/76, and AVASTA GRANDE, type 45/ 84 and 50/84 type. Not only residential, but also equipped with a RUKI (House Kiosk) commercial area with a mezzanine concept that will be built on AVASTA boulevard. Each type of cluster is equipped with complete supporting facilities that are able to meet the living needs of its residents.

AVASTA, which is under the development of the Vasaka City area, has access that is directly integrated with the Cibitung – Cilincing Toll Access which is the main access for Vasaka City. PT Waskita Karya has started working on this toll access which will soon be opened in 2023, making Vasaka City the only area in Bekasi that has access to toll interchanges.

Marketing & Business Development Director Feriyawati Surja said that with the concept of AVASTA residential development, which has adopted the new normal design concept, it would be superior to its competitors.

"We will market this AVASTA with prices starting from 250 million, but what we offer is housing with a one stop living concept, because later AVASTA residents will get complete conveniences and facilities in the Vasaka City area," said Feriyawati.

Feriyawati added that buying AVASTA at an initial price would be very profitable considering the VASAKA CITY development plan which has been matured in less than 10 years.

PT Waskita Modern Realty was officially established in Jakarta on May 11, 2018. Through a successful alliance between PT Waskita Karya Realty and PT Modernland Realty Tbk. PT Waskita Modern Realti was born as a trusted Joint - Venture Company that aims to create innovative property development concepts.

Waskita Karya

Waskita Karya

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