Intiland Introduces Rentown, a Practical Way to Live and Own Property

Jakarta (26/08) – Property developer PT Intiland Development Tbk (Intiland; DILD) has launched Rentown, a program designed to make renting and buying property easier for the public. This innovative scheme allows consumers to first experience living in their chosen unit before deciding to purchase it.

Intiland Director Simon J. Wirawan explained that the launch of Rentown is aimed at meeting the needs of prospective buyers who want certainty and comfort before committing to a long-term property purchase. Designed for both end users and investors seeking rental yield, the program offers consumers flexibility as well as security in choosing the right home for their needs.

“We created the Rentown program to give prospective buyers the flexibility to truly experience and get to know their living environment before deciding to own the property,” said Simon J. Wirawan in a statement on Wednesday (26/08).

Every prospective buyer who takes part in the program will have the opportunity to live in their preferred unit for a period of one to two years. During this rental period, consumers can assess whether the home suits their needs and lifestyle before deciding to purchase the unit.

According to Simon J. Wirawan, the main advantage of Rentown lies in its significantly lighter upfront payment scheme. Typically, prospective buyers can only occupy their unit under a rent to own arrangement after paying around 70 percent of the unit’s selling price. Through Rentown, however, consumers only need to pay around 8 percent to receive the keys immediately.

“The key benefit of Rentown is that the rent paid is not lost and it can be converted into part of the down payment when the tenant decides to move forward with the program,” Simon added.

Another benefit is price certainty for consumers after the rental period ends. The unit’s selling price for the following one to two years is fixed from the outset, giving tenants price certainty when they decide to purchase later on. The rental fee also already includes the service charge, offering tenants added convenience and cost transparency.

“Rentown reflects our commitment to consistently offering housing solutions that adapt to market needs. We understand that buying property is a major decision, and we want to give consumers the time and space to feel confident before committing to purchase their chosen unit,” he further stated.

Rentown is currently available across a number of Intiland’s apartment developments in Jakarta and Surabaya, including strata-title office units. In North Jakarta, for example, Regatta Apartment at Pantai Mutiara offers rental rates starting from Rp175 million per year. Meanwhile, in the Thamrin business district, Fifty Seven Promenade Apartment can be rented from around Rp30 million per month or approximately Rp360 million per year. Another option is available along the TB Simatupang corridor at SQ Rés Apartment, with rental rates starting from around Rp22 million per month or Rp240 million per year. All listed rental rates already include furnishing and service charges, making the units move-in ready and hassle-free for tenants.

To meet housing demand in Surabaya, the Company offers The Rosebay, a low-rise residential development in Graha Famili, with rental rates starting from Rp12.5 million per month or Rp150 million per year. Also available are Praxis Apartment starting from Rp10 million per month or Rp120 million per year, and Sumatra36 Apartment with rental rates starting from Rp15 million per month or Rp180 million per year.

The Company also offers office space for rent and purchase in Surabaya. First is Praxis Office, located in the central business district, with rental rates starting from Rp8 million per month or Rp96 million per year. Another option is Spazio Tower office space, located in West Surabaya, starting from Rp6 million per month, or Rp72 million per year.

The Company is confident that Rentown will be well received by the public, as it offers prospective consumers an easier path to living in and owning their dream property through a smarter and more advantageous scheme.***