Ever heard of St. Regis? This internationally-renowned hotel and luxury housing brand is now coming to Jakarta. For investors looking for a luxury property in Indonesia to invest in, this newest real estate development might be the opportunity you’re looking for.
St. Regis Washington D.C. | Photo courtesy of Starwoods Hotels
The New Luxury Property in Town
According to Indonesia’s latest property news, it has been confirmed that the famous luxury housing brand St. Regis will be coming to Jakarta. A management agreement between Starwood Hotels and the Rajawali Property Group for the development of this property in Indonesia has been already reached earlier in the year.
This new property in Indonesia will be composed of two properties under the same brand name. The first is St. Regis Jakarta, a hotel that will be composed of 280 luxury guestrooms and suites. The second is The Residences which will offer luxury apartments for upscale customers. The idea is to develop luxury residences next to or above a hotel. Although Jakarta currently features this kind of mixed-use development, only few offer the luxury and refinement tied to the St. Regis brand name.
St. Regis Washington Beijing | Photo courtesy of Starwoods Hotels
St. Regis, is a premier luxury brand that is known for their 5 star service, contemporary design and refined elegance. It has hotels and luxury apartments in more than 20 countries all over the world. Thus, this property in Indonesia is already garnering a lot of expectations from the local property market.
Jakarta’s Booming Luxury Property Market
Bringing St. Regis to Jakarta is a testament to the rising demand for luxury homes, not only in this country but also around Asia. Asia properties in this sector are nowadays receiving more domestic and overseas property investments, especially in Indonesia. Developers such as Starwood are finding more growth opportunities in targeting the affluent who are interested in investing in real estate. It is just as Stephen Ho, the President of Starwood Hotels & Resorts, had said, “The St. Regis Jakarta and The Residences at The St. Regis Jakarta are a great testament to the growing wealth and appetite for luxury in Indonesia’s capital.”
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