Cianjur – Housing Development for Large Factory
- Projected Return based on Profit Sharing
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This Affordable Housing estate is built for PT Glostar Indonesia (GSI), the largest manufacturer in Cianjur with 4 shoe factories for global brands (Nike, Adidas, Reebok & New Balance) and 30,000 workers. The housing estate is beside one of these factories, with 430 small units of 2-bedroom landed houses. All 430 units are already sold and GSI has submitted information of approved buyers. Licensed Developers PT Ethis Indo Asia (PT Ethis) & PT Palapa (together referred to as ‘the developers’) require initial funding of S$1.1million for this project, of Gross Development Value S$4.5million. The developers will give Crowd-investors a pre-agreed profit- share of this project. The exchange rate is fixed at entry, and developers will absorb any changes over the investment period.