Family oriented business Video
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Align strategy, structure and people to drive sustainable growth
Spanning about six hectares in the Intermoda district of Bumi Serpong Damai BSD City, the new transit-oriented development TOD will offer access to multiple public transportation options, including road, rail, and park-and-ride facilities. Said Michael Widjaja, group chief executive officer family oriented business Sinarmas Land: "Despite the onset of Covid, we remain encouraged by the market's strong fundamentals and continued interest in BSD City's product offerings. The recent announcements by our government to promote foreign investment in Indonesia present tremendous potential for property development in BSD City. According to Sinarmas Land, the Indonesian central bank's family oriented business eased mortgage policies - such as the relaxation of loan-to-value ratios for property mortgages and easing of mortgage disbursements to accredited property developers - are expected to improve overall affordability for local buyers and spur demand.
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