Surabaya, March 31, 2021 — Sinar Mas Land believes this year’s property industry will rise again thanks to the national vaccination acceleration and property incentives, all from the government. Such optimism has driven Sinar Mas Land and PermataBank to sign a cooperation agreement on providing Apartment Ownership Loan (KPA) for the Klaska Residence project. With this cooperation, PermataBank will help the customers wanting to buy units at the Klaska Residence Apartment in Surabaya, East Java, by providing some supporting facilities. This collaboration, between the Indonesian highly reputable property developer and national banking institution, targets the premium segment customers who wish to own good quality products with high investment values by using financial facilities.

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East Indonesia CEO of Sinar Mas Land Franky Najoan said the PermataBank’s KPA, with a small interest rate, would surely help the buyers wanting to purchase properties cashless. “We are certain that the cooperation between Sinar Mas Land and PermataBank will boost the Surabaya-based Klaska Residence Apartment’s sales. Not to mention, Sinar Mas Land is currently running the Wish for Home (WFH) program that allows easy payments during the pandemic. In addition, the Klaska Residence Apartment receives an incentive from the government, which means the government 100 percent pays the value-added tax (PPN),” he said. He hoped all the reliefs offered by both Sinar Mas Land and PermataBank would attract customers, tenants, or investors.

As a response to the cooperation, Head of Secure Lending PermataBank Rosalia Abadi said, “Thanks to the general public’s interest in the good quality Klaska Residence Apartment, PermataBank offers easy payments with its top financial product called PermataKPR Bijak which gives the customers reliefs with an up to zero percent interest and can help the customers pay off their credit earlier. With Sinar Mas Land’s reputation and the solid cooperation between both companies, we believe we can attract the customers or general public to have some units at this brand new apartment in Surabaya.”

Klaska Residence is the first apartment project developed by Sinar Mas Land following the successful landed houses development in Surabaya. The apartment, boasting a resort-like concept, has three towers. Azure is the first Klaska Residence’s tower which comes with 36 apartment floors, one basement, five parking floors that stands on a 1.2-hectare land. It offers Superior (Studio), Deluxe (1BR), and Suite (2BR) unit types, starting from Rp500 million to Rp1 billion.

Klaska Residence is a perfect apartment to live in thanks to the complete facilities and smart system bonus for every unit. The residents will have a good time at the swimming pool, fitness center, children play area, and vast hanging garden for the whole family. It is strategically located at Surabaya's CBD, close to the commercial, education, shopping, and industrial centers. All these should increase the investment values and rental opportunities for the Klaska Residence’s owners.

For information, the Wish for Home program is available from March 6 to December 31, 2021. It offers ready-stock and under-construction property products which include houses, plots of land, apartments, shophouses, and kiosks. Wish for Home runs for three periods; March 6 to June 30, July 1 to September 30, and October 1 to December 31. The biggest promos are available during the first period and will gradually lessen for the next periods. The first period buyers will get financing reliefs such as up to 15 percent discount, up to ten percent occupancy incentive for cash payment or up to 15 percent Down Payment (DP) subsidy, interest subsidy, as well as free switching cost and BPHTB (land and building rights acquisition tax). There will be more additional discounts for some other products.

In addition, Sinar Mas Land gives a 0.75 percent incentive to referees. This promo applies for everyone who wants to make an extra income from home. It is so easy, as one only needs to provide the contacts of the people they are referring who might be interested in purchasing the property products offered in the Wish for Home program. Sinar Mas Land will later process those contacts until transactions are made. For the referral program registration, please click Also, there is an additional one percent discount for property products purchase, especially for the customers making transactions for the Move in Quickly program last year.