B.J. Habibie�s One Billion Megadollar Superblock Project Conducts Topping Off for Third Tower

BATAM,
INDONESIA�- Media OutReach - April 16, 2019 – PT Pollux
Properti Indonesia Tbk (POLL), has advanced its position as a trusted developer
in Indonesia as it continued to consistently complete the construction of its
project portfolios in a good and timely manner.

 

Adding to the register of
on-schedule project milestones in Phase one of the Meisterstadt Batam
mega-block construction project is Tower A3. The topping-off of Tower A3
follows closely after the topping off ceremonies for Tower A1 and A2 in
mid-January and March 2019 respectively.

 

“The topping off of Tower A3
represents our commitment to develop the Meisterstadt Batam mega-block area as
a whole, on schedule — as was also demonstrated with Tower A2 a month
ago,” said Po Sun Kok, President Commissioner of PT Pollux Properti
Indonesia Tbk.

 

The topping off ceremony was
held last Wednesday on 10 April at Swiss – Belhotel Harbor Bay, Batam and was
attended by the Board of Directors and Board of Commissioners of PT Pollux
Barelang Megasuperblok and PT Pollux Properti Indonesia Tbk.

 

PT Pollux Barelang
Megasuperblok, or commonly known as Pollux Habibie International, is a
collaboration between PT Pollux Properti Indonesia Tbk. and the family of
former President of Indonesia, B.J. Habibie.

 

Mr. Po shared that in
addition to timely project developments, the company is also committed to
upholding a high standard of quality, as shown by its selection of construction
partners.

 

“We are collaborating
with PT PP (Persero) Tbk. — a company renowned for their quality materials,
while elevators and escalators will be supplied by KONE, a world market-leader
in this business, “said Mr. Po.

 

The symbolic topping off
ceremony of Tower A3 was held concurrently with a VVIP Investor Gathering.

 

Official Marketing of Tower A5

At the event, Maikel
Tanuwidjaya, Sales and Marketing Director of PT Pollux Properti Indonesia Tbk.,
also provided a preview to Tower A5 — the fourth tower to be developed in the
first phase of the mega-block construction project.

 

Tower A5 will contain 385
units which will be available in various sizes: Studio (24 sqm), 1-Bedroom (49
sqm), 2-Bedroom (66 sqm) and 3-Bedroom (80 sqm) with prices ranging from
US$113,700 (2-Bedroom) to US$142,150 (3-Bedroom). It will also feature
penthouse units.  Only 88 apartments are
currently available for sale.

 

“Unlike other towers,
Tower A5 will be offered on a more exclusive basis. We believe this tower will
win the hearts of our investors and clients. Response has been overwhelming and
it’s been oversubscribed twice over since it was marketed last month,”
explained Maikel Tanuwidjaya.

 

The Meisterstadt mega
superblok is a ??9-hectare multi-functional development project. It will
feature 11 skyscrapers, including 8 apartment towers with 6500 units, a hotel,
an international hospital, malls, shops and an office tower with a plan of 100
floors. The gross project development cost exceeds US$800 million, making it
potentially the largest project in Batam. The area is designed with reference
to a standard German city which integrates apartment buildings with offices and
hospitals.

 

“Meisterstadt was built
with the aim of creating a world-class commercial area that supports the
activities of the Asian free trade zone for the city of Batam,” said
Maikel Tanuwidjaya.

 

“This project is a
result of Habibie’s vision to create a vertically-integrated city inspired by
the standard of progress of the German state,” said Ilham Akbar Habibie,
President Commissioner of Pollux Habibie International.

 

The first three apartment
towers – A1, A2 and A3, feature 2,200 units of 1-Bedroom (24.82 sqm), 1-Bedroom
Plus (??42.51 sqm) and 2-Bedroom (??51.59 sqm) units with prices from US$28,400
to US$78,200.  Also in this phase are 113
shop units available at US$213,200 and malls with food and beverage (F&B)
and entertainment outlets. Towers A1 and A2 were completely sold out in just
one day, while 70 percent of Tower A3 has been sold.

About Pollux Properti Indonesia

PT Pollux Properti Indonesia
Tbk. and PT Pollux Investasi International Tbk. are subsidiaries of Pollux
Group International, an international property developer which has successfully
expanded to a number of Southeast Asian countries.

 

It has been consistently
named as one of the best property developers in Indonesia (BCI Asia in 2015,
2017 and 2018), recognised for its strong business performance, growth,
sustainability and business value.

 

Pollux Properti was listed on
the Indonesia Stock Exchange on July 11, 2018 (“POLL”), making it one
of the 10 largest property developers in the country, with a market capital of
1 Billion USD as of December 31, 2018.

 

Its property project
portfolio includes: World Capital Tower (WCT) offices in Mega Kuningan Jakarta,
Megasuperblok Meisterstadt in Batam, Amarsvati luxury Condotel in Lombok,
Chadstone Superblock in Cikarang, Pollux Technopolis CBD in Karawang, Gangnam
District in Bekasi and the latest luxury apartment project Pollux Sky Suites in
Mega Kuningan, Jakarta.