Indonesia 3rd President B.J. Habibie’s US$1B superblock in Batam Attracts Global Investors with the Launch of Luxury Erleseen Tower

BATAM, INDONESIA�- Media OutReach - 30 April
2019 – (PT. Pollux Barelang
Megasuperblok) As Batam continues to transform itself from a manufacturing
center into a international property and tourism hub, international investors
will be buoyed with the launch of the ultra-luxurious Erlesen Tower by PT
Pollux Properti Indonesia Tbk (IJ:POLL).

Mr. Po Sun Kok and Indonesia 3rd President B.J. Habibie

Mr. Po Sun Kok and Indonesia 3rd President B.J. Habibie

Dr. Nico Po, Mr. Po Sun Kok, Prof. Dr. -Ing. B.J Habibie, Dr. -Ing. Ilham Akbar Habibie, and Dr. -Ing. Thareq Kemal Habibie.

Boasting 385 units of 1, 2,
and 3 bedroom units, the luxury penthouse collection will further enhance
Batam’s reputation as a rising investment and tourism destination in the
region. The Erlesen Tower will rival Singapore’s Marina Bay Sands with its own
sky pool and lounge which will provide sweeping vistas of the surrounding
isands.

The Erlesen Tower is part of US$
1  billion B.J. Habibie Superblock
development.  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, BJ. Habibie.

“Batam has always been close
to my heart as from its very beginning we envisioned it as a bridge between
Indonesia and the world,” said former president BJ Habibie. “In the beginning
we started with attracting manufacturing investments and it was a very
successful as today Batam today is a major center for heavy industries.”

The former president added
that the Meisterstadt development will enable Batam  to undertake the second phase of development
into an international investment and tourism destination.

“We must continue to innovate,
to develop and to progress. I am very happy and very proud to be part of this
development project as Meisterstadt is a concrete example of what Batam can
achieve if we have the courage and the vision to think big.”

Just as the iconic Barelang
Bridge has come to define Batam and improved connectivity between Batam and the
islands to its south, Meisterstadt will define the Batam of the future.

Meisterstadt, a collaboration
between Indonesia real estate tycoon Po Sun Kok and Indonesia’s third President
B.J. Habibie, is only one of several world class projects undertaken by Pollux
Properti Indonesia Tbk. 

The two men established the joint
venture commonly known as Pollux Habibie International and Po wants to develop the nine hectare site
into a landmark project in Batam.

Po, who established a garment
business in Semarang in the early 1970s has emerged in recent years as one of
Indonesia’s most innovative property developers. Pollux Properti is one of few
Indonesian companies that has a regional presence with operations in Singapore
and Indonesia.

Batam will be a major
statement of intent for Po and Pollux Properti given the scale and economic
impact that Meisterstadt will have on the islands’s economy as it seeks to
transition from heavy industries to tourism and services.

Situated just 30 minutes by
ferry from Singapore, Batam is seen by investors as a future Shenzhen, a
manufacturing hub supported by services. It can act as a base for international
investors and businesses who want to access Indonesia’s vast domestic market
much as HongKong does for China.

“As a property development
company, PT Pollux Properti Indonesia Tbk. has the ambition to create world-class
projects,” said Po Sun Kok, Chairman of PT Pollux Properti Indonesia Tbk.

“We strongly believe that
Meisterstadt will position Pollux Properti as one of the most innovative
property developers in Indonesia and the region.”

The Meisterstadt is a ?nine
hectare multi-functional development project. It will feature 11 skyscrapers including
8 apartment towers with 6500 units, 1 five star hotel, 1 international
hospital, shopping mall, shop houses and 1 landmark tower with a plan of 100
floors. The Gross Project Development cost exceeds US$900 million for what is
to be the largest project in Batam. The area is designed with reference to the
standard German city which integrates apartment buildings with offices and
hospitals.

About Pollux Properti Indonesia Tbk

Pollux Properti
Indonesia Tbk was listed on the Indonesia Stock Exchange on July 11, 2018
(IJ:POLL), making it one of the 10 largest property developers in the country,
with a market capital exceeding US$1.1 billion as of December 31, 2018.

Its property project
portfolio includes: World Capital Tower 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.