Setiabudi Sky Garden
Setiabudi SkyGarden is a luxury residential complex that consists of 2 condominium towers and 1 serviced apartment tower (managed by Frasers Hospitality under the name Fraser Place Setiabudi). There are 746 apartment units in total:
– Sky Tower = 41 floors and 426 units
– Garden Tower = 34 floors and 160 units
– Fraser Place: 28 floors and 160 units
The complex was completed in 2015 by the developer PT Jakarta Setiabudi International Tbk, in collaboration with Tokyu Land and Shimizu Corporation from Japan.
I visited the property in early 2019 and this is my complete review of it:
Note: I will write a separate review of Fraser’s Place Setiabudi in the near future.
- 1 Location:
- 2 Building Quality
- 3 Comfort
- 4 Management
- 5 Rooms and Prices
- 6 Investment Potential
- 7 Address
- 8 More Photos
- 9 My Ratings
In which neighborhood of Jakarta is Setiabudi Sky Garden located?
Setiabudi SkyGarden is located in Karet, Setiabudi, in a street parallel to Jalan Rasuna Said. The latter is one of the most important roads in Jakarta and it is lined with office towers, hotels, government buildings, hospitals, and embassies. It is a very strategic location for anyone working in the Golden Triangle of Jakarta as you can access most offices there in a relatively short time: Jalan Sudirman, Mega Kuningan and Jalan Thamrin are all less than 15 minutes away.
While this area of Jakarta is within the business district, it remains quite authentic as you have a low-rise, local neighborhood next to it. Personally, I find it more pleasant than the sterile atmosphere of more modern neighborhoods like Mega Kuningan, SCBD or Rasuna Epicentrum.
By car, with normal traffic conditions, how far is it from:
– Jakarta Airport (CGK): 70 minutes
– Grand Indonesia Mall: 15-20 minutes
– Sudirman Business District: 10-15 minutes
– Kota Tua: 70 minutes
– Kemang: 40 minutes
How does it look like around the apartment?
What are the important landmarks nearby?
Nearby, there are a few landmarks you can go to:
There is a small Daily FoodHall supermarket just across the street from Setiabudi SkyGarden. You will find many imported products there but they are quite expensive.
For a wider choice and cheaper prices, you can go to Carrefour in Ambassador Mall, Farmer’s Market in Epicentrum Walk or Lotte Mart in Kuningan City.
Just across the street, you can walk to Setiabudi One. It is a food court with a large variety of restaurants and coffee shops: Gula Merah, Dapur Sunda, Burger King, Starbucks, Duck King, etc.
Bars and Nightlife:
There is an excellent nightlife in Mega Kuningan, just 10 minutes away, in bars like Basque, Loewy, Bauhaus, Flow, etc.
University: STIE Perbanas, Bakrie University
Schools: Royal Primary Academy (Sekolah Royal Tunas Mulia – 10 minutes away), Highscope (from preschool to high school – in Taman Rasuna), ISEC preschool (in Epicentrum Mall).
About 10 minutes away by car, you have small parks like Taman Menteng or Taman Tangkuban Perahu. You can also walk a bit in the Rasuna Epicentrum area, for instance along the river.
Many office towers are nearby: Bakrie, Cyber 2, Menara Karya, etc.
Many within easy reach: Australia, Saudi Arabia, Singapore, India, Holland, India, UK, Russia, Ukraine, Greece, Belarus, Hungary, etc.
Is there a Transjakarta bus stop nearby?
The closest Transjakarta station is Karet Kuningan. You can go there by foot in just 5-10 minutes. From Karet Kuningan, you can use the lines 6A, 6M, 6F, 6H and 4D, going directly to Ragunan, Dukuh Atas, Senen, Lebak Bulus, Manggarai, and TU Gas.
Is there a train station nearby?
Not really. The closest one is Sudirman station but it is 3 kilometers away. You can take the train to CGK airport from this station.
How about the MRT (Mass Rapid Transit) or LRT (Light Rapid Transit)?
In the future, an LRT station should be located at GOR Sumantri in front of Plaza Festival (10 minutes by foot from Setiabudi SkyGarden)
Building and Architecture
Who is the developer?
Setiabudi SkyGarden was built by two developers working together:
– PT Jakarta Setiabudi International Tbk, a large Indonesian company whose main shareholders are Jan Darmadi and his family. They also own properties like the Hyatt hotels in Bali, the Mandarin Oriental in Jakarta, Mercure Ancol, the Jakarta Theater, Setiabudi One, Setiabudi Residences, etc.
– Tokyu Land Corporation, from Japan, a reputed firm that also built Branz BSD, Branz Mega Kuningan and Branz Simatupang in Indonesia.
Who is the architect?
The group Shimizu from Japan was the architect for Setiabudi Sky Garden. They were assisted by Tongg, Clarke & McCelvey (US) for the landscaping. The latter previously worked on prestigious projects like the Grand Hyatt Kauai and the Hyatt Regency Maui in Hawaii.
What is the situation with the land certificate?
The developer has a Hak Guna Bangunan Murni, which means the property was built on its own land. As an apartment owner, you get a “Strata Title di atas HGB Murni”.
Design and Appearance
How does the building look like?
From Outside (Facade):
Not too big, but I found it very elegant.
Landscaping and Public Areas:
The property was built on 2.1 hectares of land, of which 70% were used for public areas. Thanks to that, you have a large garden that was designed by the US consultants Tongg, Clarke & McCelvey. For me, it is the best part of living in Setiabudi Sky Garden.
Corridors and lifts:
Size and Types of Apartments
The apartments’ size is the following:
3-bedroom units: 114m2 and 130m2 (2 bathrooms, maid room)
2-bedroom units: 52m2, 65m2, 73m2 and 76m2 (1 bathroom, maid room)
3-bedroom units: 111m2 (1 bathroom, maid room)
Here are a few pictures I took inside the apartments I visited:
Materials and Equipment
What is the quality of the materials, furniture, and equipment used in the construction?
This is an evaluation of the quality I observed (ranked from 1 – worst – to 10 – best):
In common areas:
Tiles lobby: 8
Tiles corridors: 5
Gym equipment: 8
Pool equipment: 8
In the apartments:
Bathroom equipment: 8
Kitchen equipment: 6
Overall Quality: 7.5/10
Facilities and Services
What are the facilities provided in the property?
– Swimming pool: It is beautiful and massive, in the middle of a lush tropical garden. There are plenty of sunbeds to relax and you have an area for kids (smaller pool, playground).
– Gym with brand-new professional equipment.
– Other facilities (I didn’t take pictures of all): Playground/playroom for kids, sauna, jacuzzi, basketball court, tennis court, jogging track, BBQ area, lounge.
What are the services available within the property?
There are several services available within Setiabudi Skygarden: Minimarket, drug store, laundry, restaurant.
Are there issues with the electricity supply?
None that I know about.
Are their issues with parking?
No, there is more than one parking space per unit.
Are there enough lifts?
Is the property busy?
Yes, there is a good occupancy rate.
Is it noisy?
Some units can be noisy if they are facing a mosque. In particular, avoid the units facing the West.
What is the background (ethnicity, social status) and attitude of residents?
It is rather diverse. I would say mostly expatriates, particularly from Japan.
How old is the property?
Most of the property was completed in 2015.
Are there visible damages?
Overall maintenance rating: 9/10
I found the property to be very clean.
Overall cleanliness rating: 9/10
The garden is very well-maintained.
Overall gardening rating: 9/10
– Guards: On duty at the gates 24/7
– CCTV cameras: In the lobby, lift and public areas.
– Access: You need an access card to reach the lift.
Overall security rating: 8.5/10
The staff is friendly and professional.
Overall hospitality rating: 9/10
Rooms and Prices
Prices at Setiabudi Sky Garden may vary depending on many factors such as the floor, the unit type, the room condition and the furnishings. Some units also have a private lift.
Be aware that you may also need to pay for additional fees: Service charge, parking fee, electricity and water bills, etc. Here are a few examples of prices and ratios for this property:
2-Bedroom (79m2) – Well-furnished:
- Rental 1 Year: Approximately IDR 264 million (or 22 million per month)
- Buy: Approximately IDR 3,400,000,000
- Break Even Point (Buying Price/Gross Annual Rental): 12.8 years
- Average buying price/m2: IDR 43 million/m2
Reasons to buy:
Very good property benefiting from a positive word-of-mouth
Strong demand from renters, especially expats
Very central location
Reasons NOT to buy:
There are new towers currently being built nearby and competing with Setiabudi Sky Garden: La Vie and South Hills
Would I buy this property? (On a scale from 0 = “not at all” to 10 = “yes absolutely” ): 7
Setiabudi Sky Garden
Jalan Setia Budi Selatan Raya Kav. 62,
Kuningan, South Jakarta 12920, Indonesia
Phone: +62 21 30030800
I do my best to write honest and detailed reviews of the apartments I visit. If you disagree with my rating, please let me know why and leave your own rating at the end of this page.
- Local neighborhood
- Complete facilities including a huge swimming pool, a large garden, and a brand-new gym.
- Near a supermarket and only 200 meters from Setiabudi One. - Clean and well-maintained
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