Cikunir Property (CP), a subsidiary of Titan Group, was established to capture business opportunities in the property and real estate market in Indonesia. CP core businesses are ranging from land acquisition and real estate development in various regions in Indonesia.
CP realizes the growing needs for an affordable and reliable housing in Jabodetabek and other big cities on Indonesia. The opportunity is supported by Indonesian government efforts to lower interest rate below 10% in the coming years. This lower interest rate is expected to spur on the market for residential housing by encouraging the buying (ownership) of housing because most buyers are still depending on mortgages.
To capitalize on the niche market of housing ownership, CP has strengthened it’s marketing efforts by offering longer installment periods, allowing minimum down payment, providing extensive and attractive model house/exhibitions, giving special rates for cash payment and offering ’rental guarantee’ program specifically designed for investors who plans to lease their commercial area unit.