​Sinar Mas Land and Vasanta Group
Collaborate to Develop a 28-Hectare Residential and Commercial Area in Depok

Depok, March 18, 2025 – Sinar Mas Land, through PT Cisadane Perdana, and Vasanta Group, through PT Vasanta Daria Development, held a signing ceremony for the Joint Operation Agreement (KSO) "Sinergi Sinar Vasanta" to develop a ±28-hectare residential and commercial project in Depok, West Java. The partnership agreement ceremony took place on March 18, 2025, at the Marketing Office, BSD City, represented by Sherly Najoan (President Director of PT Cisadane Perdana) and Denny Asalim (Group CEO of Vasanta Group).

Through this collaboration, both companies will develop an area comprising approximately 2,000 housing units and a commercial area in a strategic location in the Telaga Golf Sawangan area, a rapidly growing district equipped with various facilities. The new project is set to be marketed starting in the third quarter of 2025, aiming to meet the demand for housing and commercial spaces in the region.

Herry Hendarta, Deputy Group CEO of Strategic Development & Assets at Sinar Mas Land, stated, “We recognize the high demand for well-designed residential areas in Depok. This development will offer a comfortable living experience in an integrated area within a lush natural environment. Surrounded by green spaces and a natural lake, the project provides a serene residential atmosphere while maintaining connectivity to modern lifestyles. We hope that this housing project will become an ideal choice for professionals, young families, and property investors.”

Denny Asalim, Group CEO of Vasanta Group, expressed, “We are very proud to collaborate with Sinar Mas Land, one of Indonesia’s leading developers that has successfully introduced a wide range of high-quality real estate products. With Sinar Mas Land’s extensive experience and Vasanta Group’s innovative approach, we are confident that this partnership will add significant value to Depok’s real estate market and contribute positively to Indonesia’s property sector growth.”

This new residential and commercial development boasts a prime and strategic location with two main access roads, namely Jalan Bojongsari and Jalan Muchtar. Additionally, the area is situated between two major toll roads: the JORR 2 Toll Road (Serpong-Cinere) and the Desari Toll Road (Depok-Antasari), further enhancing residents' mobility to Jakarta, BSD City, Soekarno-Hatta International Airport, and other parts of Greater Jakarta. The project’s advantages are further reinforced by supporting facilities, including internationally accredited healthcare services such as Aspen Medical Hospital (accredited in Australia), Brawijaya Hospital, and Depok General Hospital. In terms of education, the area is near international schools and renowned universities, including the University of Indonesia, Pancasila University, and Gunadarma University. Additionally, the development is close to The Park Sawangan Mall and various well-known retail brands, such as Mitra 10, Hokben, Burger King, Vilo Gelato, and Starbucks.

The collaboration between Sinar Mas Land and Vasanta Group in this project reflects the commitment of both companies to delivering high-quality residential areas that balance modern living with environmental sustainability. With its innovative housing concept and comprehensive facilities, this project is expected to be a top choice for those seeking premium living in Depok. (*)

For further information, please contact:

Atikah Sunarya
Vice President of Corporate Communications
Sinar Mas Land
Tel: +62 21 50 368 368
Email: atikah.sunarya@sinarmasland.com

Elisabet Lisa Listiani Putri
Public Relations Manager
Vasanta Group
Email: elisabet.putri@vasanta.co.id

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https://mediaindonesia.com/ekonomi/753212/sinar-mas-land-gandeng-vasanta-group-kembangkan-kawasan-residensial-dan-komersial-seluas-28-hektare-di-depok

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