A moderate amount of office supplies is expected to become available up until 2023. This would help the office market catch up in balancing supply and demand. As of Q2 2019, total office space in Jakarta reached 10 million sq m, and occupancy level is considered stable by H1 2019 at 83%. Located in Jalan Kapten Tendean, South Jakarta, M-Ten office building will add to the available supply (23,628-sq m office space and 3,142-sq m retail space) in 2020.

Rendering of the fully completed M-Ten Tower. Supplied: Colliers International

This week (September 16, 2019), M-Ten had its topping-off ceremony that marks the last step of its building construction phase. Expected to operate in 2020, M-Ten will then continue with the finishing touches of its building before finally opening its offices and retail spaces to tenants. 

From Left to right: Bapak Hillarius Handojo (Commercial PT Singa Propertindo Haryono), Bapak Didi Korompis (Direksi PT Karyadeka Grup), Bapak Hanny Batuna (Presiden Komisaris PT Singa Propertindo Haryono), Bapak Ferry Yusuf Lubis (Pimpinan Project Menara Tendean), Bapak P.K Jalan (Direktur PT Karyadeka Graha Lestari)

Mr. Boediono Tjiptodihardjo from PT Singa Propertino Haryono and Mr. Solidi S. Korompis from Karyadeka Group, both M-Ten developers, mentioned that the building took 28 months to reach its topping-off stage, from its ground-breaking in 19 April 2017. M-Ten will be the seventh building of Karyadeka Group, the company behind established office buildings such as Cyber 1, Cyber 2, Menara Kadin Indonesia, Menara Karya, Alamanda Tower and Alamanda Bali Office.

M-Ten’s objective is to revolutionise the way people work and perceive their workspaces. It is about resource efficiency and increasing productivity, whilst taking a more committed effort to improve the livelihood of employees. It has developed a plug-and-play environment where employees can simultaneously work and enjoy an exciting mix of well-integrated retail and lifestyle facilities within its compound. 

It promises to be a more integrated workspace where employees will have access to not just advance Information and Communication Technology (ICT) for business essentials, but also dynamic working space and environment with modern lifestyle facilities. With a humble touch, M-Ten is presenting perfect working spaces to accommodate the needs of a “working lifestyle”.

Source: Colliers International

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