FARPOINT Partners with a Reputable Japanese Developer - Tokyo Tatemono

Jakarta, 12 December 2018 - FARPOINT and Tokyo Tatemono --a leading developer company from Japan-- announce their joint venture, aimed at contributing to growing the property industry in Indonesia and fulfilling consumer needs. The inaugural project of FARPOINT and Tokyo Tatemono is called “The Loggia”, a condominium that brings a new living space for upper-middle class in South Jakarta that plans to be marketed in 2019. 
The signing ceremony of the joint venture was carried out by Husodo Angkosubroto, President Commissioner of PT Farpoint Realty Indonesia and Hitoshi Nomura, President Director & CEO of Tokyo Tatemono Co., Ltd. The signing ceremony also marks the first of the Tokyo Tatemono inaugural projects in Indonesia and added into the portfolios of FARPOINT. 

"The joint venture of FARPOINT and Tokyo Tatemono is based on a same vision and values of both companies in fulfilling the needs of consumers in the market. It also reflects FARPOINT's philosophy Think Beyond, that we present consumers with innovative developments that understand and meet their need and lifestyle for now and later," said Mulyadi Janto, Head of SBU Residential FARPOINT. 

Katsuhito Ozawa, Executive Managing Director and Head of Overseas Business Division of Tokyo Tatemono Co. Ltd. explained, "Indonesia is a very important market for Tokyo Tatemono. And we are very pleased to be able to build a partnership with FARPOINT, as one of the most reputable developers in Indonesia. We honor the same principle, which prioritizes the trust of our customers by providing solid quality to pay attention to all aspects to details other than functions and aesthetics." 

"The Indonesian economy has been growing positively in recent years, marked by the highest achievement of GDP from ASEAN countries. The purchasing power of the upper-middle class has also increased, which convinced us to invest in Indonesia. The strategic partnership with FARPOINT is the fourth partnership in ASEAN countries after Singapore, Myanmar, and Thailand and this is the first step in contributing to grow with Indonesia’s real estate industry," added Ozawa.

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