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PUBLIC EXPOSE PT URBAN JAKARTA PROPERTINDO Tbk Transit Oriented Development Company JULI 2024 | Strictly Private & Confidential
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IMPORTANT NOTICE This document has been prepared by and on behalf of the PT Urban Jakarta Propertindo Tbk (herein after referred as the “Company” or “PT UJP” or “UJP”) in connection with the company and is solely for informational purposes. You should not definitively rely upon it or use it to form the definitive basis for any decision, contract, commitment or action whatsoever, with respect to any proposed transaction or otherwise. You and your directors, officers, employees, agents and affiliates must hold this document and any oral information provided in connection with this document in strict confidence and may not communicate, reproduce, distribute or disclose it to any other person, or refer to it publicly, in whole or in part at any time except with our prior written consent. If you are not the intended recipient of this document, please delete and destroy all copies immediately. We have prepared this document and the analyses contained in it based, in part, on certain assumptions and information obtained by us from various sources. Our use of such assumptions and information does not imply that we have independently verified or necessarily agree with any of such assumptions or information, and we have assumed and relied upon the accuracy and completeness of such assumptions and information for purposes of this document. Neither we nor any of our affiliates or advisors, or our or their respective officers, employees or agents, make any representation or warranty, express or implied, in relation to the accuracy or completeness of the information contained in this document or any oral information provided in connection herewith, or any data it generates and accept no responsibility, obligation or liability whatsoever (whether direct or indirect, in contract, tort or otherwise) in relation to any of such information. We and our affiliates and advisors and our and their respective officers, employees and agents expressly disclaim any and all liability which may be based on this document and any errors therein or omissions therefrom. Neither we nor any of our affiliates or advisors, or our or their respective officers, employees or agents, make any representation or warranty, express or implied, that any transaction has been or may be effected on the terms or in the manner stated in this document, or as to the achievement or reasonableness of future projections, management targets, estimates, prospects or returns, if any. Any views or terms contained herein are preliminary only, and are based on financial, economic, market and other conditions prevailing as of the date of this document and are therefore subject to change. We undertake no obligation or responsibility to update any of the information contained in this document. Past performance does not guarantee or predict future performance. This document and the information contained herein do not constitute an offer to sell or the solicitation of an offer to buy any security, commodity or instrument or related derivative, nor do they constitute an offer or commitment to lend, syndicate or arrange a financing, underwrite or purchase or act as an agent or advisor or in any other capacity with respect to any transaction, or commit capital, or to participate in any trading strategies, and do not constitute legal, regulatory, accounting or tax advice to the recipient. We recommend that the recipient seek independent third party legal, regulatory, accounting and tax advice regarding the contents of this document. This document does not constitute and should not be considered as any form of financial opinion or recommendation by us or any of our affiliates.
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ABOUT UJP
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ABOUT URBAN JAKARTA PROPERTINDO UJP is Indonesia’s first private development company focusing on Transit Oriented Development (TOD) development Commenced in 2016, PT Urban Jakarta Propertindo Tbk (UJP) focusing on real estate development and property sector. UJP is the first privately-owned company with exposure to Transit Oriented Development (TOD) on Government Connectivity and Infrastructure program of Light Rail Transit (LRT). Since its listing at Indonesia Stock Exchange (IDX) in 2018, UJP has grown its exposure to 5 (five) portfolio of TOD Projects in partnership with State Owned Enterprises. With direct connection and access to public transportation, UJP hopes to bring a new paradigm of efficiency in an urban living concept.
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Legend:
(1) Ultimate Controlling
EXISTING SHAREHOLDING AND GROUP STRUCTURE
Shareholder
Passive
Controlling
Ibukota Development PT Nusa Wijaya
Public
Ltd Propertindo(1)
9.6% 74.3% 11.1%
Public
50.0% 50.0% 100.0% 100.0% 51.0% 100.0%
Project Gateway Park Project Urban Signature PT Jakarta River City
Project Urban Sky Project Urban Suites PT Urban Jakarta
LRT City Jatibening LRT City Ciracas LRT Cikunir 1
LRT Cikunir 2 LRT Cikunir 1 Komersial
Joint Operation (KSO) Joint Operation (KSO) Joint Venture (JV)
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Legend:
Passive
UJP DEVELOPMENT PORTOFOLIOS Controlling
Gateway Park Urban Signature Jakarta River City
Urban Sky Urban Suites
LRT City Jatibening LRT City Ciracas LRT Ciliwung
LRT Cikunir 2 LRT Cikunir 1
Joint Operation (KSO) Joint Operation (KSO) Joint Venture (KSO)
PROJECT HIGHLIGHTS PROJECT HIGHLIGHTS PROJECT HIGHLIGHTS PROJECT HIGHLIGHTS PROJECT HIGHLIGHTS
▪ 0km from Jaticempaka LRT ▪ 0km from Ciracas LRT Station ▪ Across the highway from Cikunir ▪ 0km from Cikunir 1 LRT Station ▪ 0km from Ciliwung LRT Station
Station ▪ 5 Apartment Towers and 3 2 LRT Station ▪ 2 Apartment Towers, 2 Mixed ▪ 8 Apartment Towers, 1 Mall and
▪ 5 Apartments Towers and 1 Mall Commercial Areas ▪ 2 Apartment Towers and 1 Used Towers and 1 Commercial 1 Office Tower
▪ Project Value at IDR 6.1Tn ▪ Project Value at IDR 5.8 Tn Commercial Area Area ▪ Project Value at IDR 13 Tn
▪ Land Area at 63,676 sqm ▪ Land Area at 62,239 sqm ▪ Project Value at IDR 1.3 Tn ▪ Project Value at IDR 2.7 Tn ▪ Land Area at 60.332 sqm
▪ Total Development at 265.677 ▪ Total Development at 258.271 ▪ Land Area at 12,597 sqm ▪ Land Area at 14,000 sqm ▪ Total Development at 258.853
sqm sqm ▪ Total Development at 107.591 ▪ Total Development at 54.307 sqm
sqm sqm
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Legend:
Passive
UJP DEVELOPMENT PORTOFOLIOS (cont’d) Controlling
Strategically located portfolios across the main line of Light Rail Transit to Jakarta
COMPANY NICHE POSITIONING
TRAFFIC FACT
Gateway Park Urban Suites
LRT City Jatibening LRT Cikunir 1 ▪ Upon maturity, expected to have 1.5
MILLION traffic per day to Cawang
Station
▪ As of June 2024, since its inception, 11.4
million people used LRT from
Bekasi Timur Station to Cawang and from
Station Cibubur to Cawang everyday
PROPERTY DEVELOPMENT WITH TOD
CONCEPT
▪ Strategic Location in TOD Property
Development by Urban Jakarta Group
▪ Currently UJP have 5 portfolios of
Jakarta River City Urban Signature Urban Sky property development in LRT phase 1 ready
LRT Ciliwung LRT City Ciracas LRT Cikunir 2 to develop
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PORTFOLIO PROJECTS
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GATEWAY PARK
LRT City Jatibening – a joint operation with Adhi Commuter Property
Project Overview
0km LRT Jatibening Station
Jl. Kapin Raya, Jati Cempaka, Pd. Gede
Apartment (Residential) and Mall and
Shophouses (Commercial)
Land Area ± 60,000 sqm
6 Towers with 5,580 units Apartments
with total area ± 240,000 sqm
1 Mall with total Leasable Area of ±
20,000 sqm
18 Shophouses with total area of ± 4,300
sqm
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GATEWAY PARK (cont’d)
LRT City Jatibening – a joint operation with Adhi Commuter Property
Lot 3 Lot 2
Project Overview
Lot 4 Lot 6
± 44,000 sqm
Lot 1
Lot 5 891 Units
Lot 1
± 27,000 sqm
Lot 2
620 Units
± 35,000 sqm
Lot 3
750 Units
± 63,000 sqm
Lot 4
1,460 Units
± 36,000 sqm
Lot 5
852 Units
± 38,000 sqm
Commercial Lot 6
950 Units
Area
Commercial ± 52,000 sqm
Area Mall & 18 Units Shophouses
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GATEWAY PARK (cont’d) LRT City Jatibening – a joint operation with Adhi Commuter Property
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URBAN SIGNATURE
LRT City Ciracas – a joint operation with Adhi Commuter Property
Project Overview
0km LRT City Ciracas Station
Jl. Pengantin Ali, Ciracas, Jakarta Timur
Apartment (Residential) and Mall
(Commercial)
Land Area ± 62,239qm
5 Towers with 3,688 units Apartments
with total area of 213,389sqm
3 Commercial Areas with total area of
23,384sqm
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URBAN SIGNATURE (cont’d)
LRT City Ciracas – a joint operation with Adhi Commuter Property
Lot 4A Project Overview
Tower 4 Tower 3 Lot 3 Tower 2 Lot 2
Lot 4B
Tower 5 Tower 1
± 49,000 sqm
Lot 5 Tower 1
1,087 Units
Lot 1
± 38,000 sqm
Tower 2
543 Units
± 38,000 sqm
Tower 3
477 Units
± 49,000 sqm
Tower 4
1,087 Units
Commercial
Area
± 40,000 sqm
Tower 5
Commercial 474 Units
Area
Mall ± 24,000 sqm
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URBAN SIGNATURE (cont’d) LRT City Ciracas – a joint operation with Adhi Commuter Property
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URBAN SKY
LRT Cikunir 2 – a bulk-sold project
Project Update as of July 2024
Construction Progress Sales Progress Apartment
Tower 1/ Tower H Tower 1/ Tower H
60% 95%
Tower 2/ Tower T Tower 2/ Tower T
30% 100%
Construction Mall Area Handover Progress Apt. Tower 2
65% 0%
Target completion to be discussed Target completion to be discussed
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URBAN SUITES
LRT Cikunir 1 – UJP’s crown jewel project
Project Overview
0km LRT Cikunir 1 Station
Caman Raya No. 1, Jatibening, Bekasi
Apartment (Residential) and Mall
(Commercial)
Land Area ± 15,000 sqm
4 Towers with Apartments with total area
of ± 60,000 sqm
1 Commercial Areas with total area of ±
24,000 sqm
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URBAN SUITES (cont’d)
LRT Cikunir 1 – UJP’s crown jewel project
Project Overview
Tower 1/ ± 32,000 sqm
Urbain 896 Units
Tower 2/ ± 13,000 sqm
Shelton 167 Units
Tower 3 Under planning and progress
Tower 4 Under planning and progress
Tower 5 Under planning and progress
Mall 20.660 sqm
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URBAN SUITES MALL Its own commercial area as a supporting facility to the compound
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URBAN SUITES MALL (cont’d) Its own commercial area as a supporting facility to the compound
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JAKARTA RIVER CITY
LRT Ciliwung - a joint venture company with WIKA Realty
Project Overview Project Overview
• Project site is located in East Jakarta at
border to South Jakarta
Office • Strategically located along;
F & B Mall o the Inner City Toll Road (JORR) and Jl. MT
Haryono in close proximity to major 51.0% 49.0%
STAGE Business Hotel Cawang Toll Interchange and positioned
1 right to (0km) LRT Ciliwung station that is
expected to run and operate by August
2022
o Jakarta Economic Corridor – Sudirman,
Mega Kuningan, Rasuna Epicentrum,
SCBD, Blok M area located within 8 km
from the site Project Plan Development
STAGE 3
STAGE 2 o Soekarno Hatta International Airport
currently accessible through the Inner City
Mid-Up
Upper-High Toll Road connecting to Airport Toll Road. STAGE 1 STAGE 2 STAGE 3
Apartments
Apartments Approximately travel time 40-70 minutes
Office Building 4 Blocks Mid-up 4 Blocks Upper-
o Halim Perdanakusuma Airport is located F&B Mall Scale Apartment High Scale
only 4 km to the east within travel time 20
minutes
Business Hotel Apartment
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JAKARTA RIVER CITY (cont’d)
LRT Ciliwung - a joint venture company with WIKA Realty
Project Overview
0km LRT Ciliwung LRT Station
Jl. M.T Haryono, Cawang, Jakarta Timur
Apartment (Residential) and Mall
(Commercial)
Land Area ± 60,000 sqm
8 Towers with ± 4,000 units Apartments
with total area of ± 203,000 sqm
1 Commercial Areas with total area of ±
13,000 sqm and 1 Office Area with total ±
7,000 sqm
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JAKARTA RIVER CITY (cont’d)
LRT Ciliwung - a joint venture company with WIKA Realty
Project Overview
± 53,000 sqm
Tower 1 & 2
1,047 Units
± 50,000 sqm
Tower 3 & 4
994 Units
± 52,000 sqm
Tower 5 & 6
1,170 Units
± 44,000 sqm
Tower 7 & 8
888 Units
± 7,000 sqm
Office
9,048 Sqm
Mall ± 13,000 sqm
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PASREN ASTHANA
Commercial Area – an effort to create sustainable revenue
URBAN, CREATIVE
COMPOUND.
As you enter the Gapura of Pasren Asthana, you will find a wide selection of
brands that brings you an immersive experience without the guilt. Let your
senses spark as you enter the commercial compound of Pasren Asthana,
welcomed by the cosmopolitan atmosphere combined gracefully with the
authentic style of culture. Enjoy the very best life has to offer, one step
from your door.
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PASREN ASTHANA Commercial Area – an effort to create sustainable and recurring revenue
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PASREN ASTHANA Commercial Area – past events
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PASREN ASTHANA Commercial Area – past events
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PASREN ASTHANA Commercial Area – past events
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PIPELINE PROJECTS
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PIPELINE - GATEWAY PARK MALL
An ecosystem of living and enjoyment in one proximity
Area Mall 5 Lantai dengan 2 Basement Located in a strategic and dense population area, Gateway Park Mall is
the perfect one-stop shopping, dining and entertainment mall equipped
CFA (m2) ± 45.000 m2 with an open style concept.
NLA (m2) ± 20.600 m2 Currently, Gateway Park Mall has its own captive market with 891 units
from Tower Accordion and Bandoneon with >80% occupancy rate also
Land Area
± 8.000 m2 traffic from existing LRT users stopping by
(m2)
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PIPELINE - GATEWAY PARK MALL (cont’d)
Captive market and supporting facilities in numbers
> 7,000 15 public
11.4 million facilities
commuters residents Of public and private school,
From apartment and Government agencies &
Since LRT inception surrounding area Hospitals within
5km radius
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PIPELINE - GATEWAY PARK MALL (cont’d)
Current condition and target completion
Currently at 30% overall
progress . We estimated
the completion of
construction will be
done during 18
(eighteenth months) and
ready for operation
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PIPELINE - GATEWAY PARK MALL (cont’d) Tenancy pipelines that already were in discussion to open in GWP Mall
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PIPELINE – NAYARA TOWNHOUSE
Our effort to diversify our developments, yet still within our core business
Introducing a strategically located Townhouse equipped
with An entry gate that exudes elegance and
sophistication, with lush greenery, luxurious lighting and
an impressive feel wrought iron gate with a width of 6 - 8
meters.
Security is the most important thing, with dedicated
security teams and systems, offering residents top level
security and sophistication.
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Excellent
Connectivity
7 10 30
Minutes Minutes Minutes
from from from
Tanjung Barat Toll Gate JOR Halim Perdana Kusuma
Train Station TB Simatupang Airport (via Toll Road)
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Type 92 Navara
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Type 92 Navara
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Type 82 Yarra
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Type 82 Yarra
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Type 223 Ralana
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Site Plan
15
Units
LB : 81 𝑀2
LT :5x8M
10
Units
LB : 92 𝑀2
LT : 5 x 11 M
2
Units
LB : 208 𝑀2
LT : 7,5 x 12 M
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10 KM to 5 KM to
RSPI Pondok Indah RSUD Pasar Minggu
Surrounding Area
Hospital 9 KM to
Mayapada Hospital
7 KM to
RSUP Fatmawati
3 KM to
RSUD Pasar Rebo
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6 KM to
Pejaten Village
9 KM to
Kemang Village
Surrounding Area
Lifestyle 7 KM to
Cilandak Town Square
500 M to
AEON Mall
& Entertainment Center
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8 KM to Nord Anglia School
7 KM to AIS School
10 KM to JIS High School
4 KM to ACG School
9 KM to Highscope School
4 KM to SMKN 57 Jakarta
4 KM to IISIP Institute
4 KM to SMUN 38 Jakarta
Surrounding Area 5 KM to Pancasila University
Education 7 KM to Indonesia University
Center
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13 KM to
Airport
4 KM to
Toll Gate Lenteng Agung
Surrounding Area
Transportation 650 M to
Train Station Tj. Barat
Hub
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FINANCIAL STATAEMENT FY23
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HISTORICAL BALANCE SHEET
As of FY2023, UJP recorded a total asset of IDR 4.1 trillion
Balance Sheet
IDR million 2019 2020 2021 2022 2023 IDR million 2019 2020 2021 2022 2023
Current assets Current liability
Cash and cash equivalent 917,292 101,488 153,958 160,189 13,921 Trade payables 484,486 509,044 519,574 766,904 758,570
Trade receivables 15,863 22,683 26,894 11,784 17,954 Bank loan - current portion 90,000 86,000 86,000 492,000 492,000
Other receivables 166,382 605,926 556,367 626,927 741,989 Unearned revenue 795,465 866,807 940,801 901,387 753,291
Real estate inventories 1,431,735 1,394,604 1,468,864 1,517,071 1,415,110 Other current liabilities 7,264 217,370 398,698 82,128 78,604
Other current assets 63,963 160,255 163,140 164,184 145,901 Total current liabilities 1,377,215 1,679,221 1,945,073 2,242,419 2,082,465
Total current assets 2,595,235 2,284,958 2,369,223 2,480,155 2,334,875
Non - current liabilities
Non-current assets Bank loan - non current portion 258,000 172,000 86,000 - 455
Real estate inventories 44,025 1,564,586 1,476,497 1,476,449 1,476,481 Other non-current liabilities 1,950 2,520 1,466 1,390 1,210
Fixed assets - net 28,783 26,643 24,239 24,789 42,217 Total non - current liabilities 259,950 174,520 87,466 1,390 1,665
Due from related party 62,478 62,478 182,478 182,478 182,478
Other non-current assets - 3,000 3,000 105,935 99,200 IDR million 2019 2020 2021 2022 2023
Total non-current assets 135,286 1,656,706 1,686,214 1,789,651 1,800,376 Share capital 323,212 323,212 323,212 323,212 323,212
TOTAL ASSETS 2,730,522 3,941,664 4,055,436 4,269,806 4,135,250 Additional paid in capital 760,850 760,851 641,302 641,302 641,301
Retained earnings 2,911 89,228 154,941 159,562 185,020
Other equity 6,384 914,632 903,441 901,920 901,587
Total equity 1,093,357 2,087,923 2,022,897 2,025,996 2,051,120
TOTAL LIABILITIES & EQUITY 2,730,522 3,941,664 4,055,436 4,269,806 4,135,250
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HISTORICAL INCOME STATEMENT
As of FY2023, UJP obtained net profit of IDR 24.9bn or net profit margin of 11.3%
Income Statement
IDR million 2019 2020 2021 2022 2023
Revenue (1) 57,051 291,864 220,974 112,804 221,526
Cost of revenue (32,327) (101,351) (50,269) (30,450) (169,531)
Gross profit 24,724 190,512 170,705 82,354 51,995
Sales and marketing expenses (2,496) (1,302) (2,212) (738) (140)
General and administrative expenses (28,961) (41,898) (31,349) (27,645) (26,795)
Final tax (1,426) (3,193) (1,613) (987) (5,687)
EBITDA (8,159) 144,120 135,531 52,985 19,372
Depreciation & amortization expenses (494) (2,416) (1,977) (3,310) (3,634)
EBIT (8,653) 141,704 133,554 49,675 15,737
Finance income (expenses) - net 29,151 25,922 (26,948) 6,082 16,684
Other income (expenses) - net (94) 113,681 128,477 42,311 (3,845)
EBT 20,404 281,306 235,083 98,069 28,577
Income tax expense - (19,113) (21,240) (13,815) (3,651)
Net profit 20,404 262,194 213,843 84,254 24,926
Ratio 2019 2020 2021 2022 2023
Gross profit margin 43.3% 65.3% 77.3% 73.0% 23.5%
EBT margin 35.8% 96.4% 106.4% 86.9% 12.9%
Net profit margin 35.8% 89.8% 96.8% 74.7% 11.3%
(1) Adjusted Revenue including Income on Cessie Gain for period FY20, FY21 & FY22
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THANK YOU FOR YOUR ATTENTION
Contact us
PT Urban Jakarta Propertindo Tbk
Kantor Pusat
District 8 Treasury Tower – Lt 19 F-G – SCBD Lot 28,
Jl. Jendral Sudirman Kav. 52-53, Jakarta Selatan, 12190
Tel : +62 21 40111717
Website : https://urbanjakarta.co.id/
Email : corsec@ujp.co.id
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Names mentioned 8 people and organisations named in the text · linked when the evidence is strong
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PT UJP
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Indonesia Stock Exchange
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PT Nusa Wijaya Public Ltd
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PT Jakarta River City Project Urban Sky
p.5
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PT Urban Jakarta LRT City Jatibening
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