Gold Coast Apartments – PIK

by | Jul 1, 2020

Gold Coast Seaview Apartments is a midrange residential complex in Pantai Indah Kapuk (North Jakarta). It features 4 towers of 37 floors, for a total of 570 units. There is still an empty piece of land on the property so it is possible that more towers will be built in the future.

Because of its location near the sea, and because it has a huge swimming pool, I spent a few nights there for a staycation. Below is my full review of it:

Quick Facts

Year Built

2019

Developer

Gold Coast PIK was developed by the group Agung Sedayu, whose reputation is fairly good in the mid-to-upper segment. It is a large conglomerate that has built mostly townships (Bukit Golf Mediterania, Grand Galaxy City, Green Mansion, etc) and high-rise apartments (The Mansion at Kemang, The Mansion @ Kemayoran, Menteng Park, and District 8).

Architect

The main architect for this project was the reputed Singaporean firm Ong & Ong (also behind Menteng Park, Puri Mansion, The Summit).

Contractor

The contractor was PT. Pakubumi Semesta, a middle size company with few completed projects (among them, Pakubuwono Terrace).

Land Certificate

Strata Title di atas HGB Murni (full ownership of the apartment, but not of the land it is built upon)

Facilities and services

Huge lagoon-shaped swimming pools for adults and kids, semi-indoor pools for adults and kids, jacuzzi (non-heated water), gym, sauna, kids playground and playroom, jogging track, garden, meeting room, function room, KTV, tennis and multi-purpose court, BBQ area, reflexology track, minimarket, laundry.

There are some empty shops on the ground floor of the property that will probably welcome property agents, cafés, and restaurants in the future.

Types of units available (with the average price for a furnished unit)

Studio (1 bathroom) – 28m2:
– around IDR 800 million (buy)
– IDR 3.5 million per month (yearly rent)

1-bedroom (1 bathroom) – 51m2
– around IDR 1,3 billion (buy)
– IDR 4.2 million per month (yearly rent)

2-bedroom (2 bathrooms + maid room) – 91m2
– around IDR 2,3 billion (buy)
– IDR 7 million per month (yearly rent)

3-bedroom (2 bathrooms + maid room) – 113m2
– around IDR 3,4 billion (buy)
– IDR 10 million per month (yearly rent)

Rental prices are quite low at the moment. I’m not sure if it is because of the Covid-19 or because there is not enough demand for this property. Anyway, the value for money is excellent.

For the investor, the ROI (Return on Investment) can be disappointing, especially for the larger units (from 6,5% for studios to 3,5% for the 3-bedroom units).

Location

Address

Gold Coast Apartment
Jl. Pantai Indah Utara 2,
RT.8/RW.1, Kamal Muara, Penjaringan District
West Jakarta, DKI Jakarta 14470, Indonesia

Neighborhood

Pantai Indah Kapuk is one of the richest neighborhoods in Jakarta, with a strong Indonesian-Chinese community. Until now, there weren’t many high-rise buildings, but instead, many luxury villas and gated communities.

While it is quite far from the center of the city, it is a self-sufficient area with its own malls, schools, office buildings, hospitals, hotels, restaurants, and bars. I have some friends living there who almost never go to Sudirman. They even make the joke that it is easier for them to go to Singapore than to South Jakarta.

Distances:

  • Jakarta Airport (CGK): 20 minutes
  • Grand Indonesia Mall: 50 minutes
  • Sudirman Business District: 60 minutes
  • Kota Tua: 30 minutes
  • Kemang: 70 minutes

Photos of the surroundings:

Important landmarks nearby:
Nearby, there are a few landmarks you can go to:

Malls:
PIK Avenue, a midsize, upmarket mall is just 5 minutes away by car and you can even go there on foot. It has a nice selection of shops, boutiques and restaurants, including Ace Hardware, Best Electronic, Guardian, Celebrity Fitness, FoodHall, H&M, Muji, Uniqlo, or Sephora.

Supermarkets:
Fresh Market, just across the street from Gold Coast, is a traditional market with a large choice of fruits, vegetables, meat, fish, nuts and spices. It is quite clean and the prices are very competitive.

Another option is Market City, 2 minutes away from the complex. It has many imported and high-quality products, for a reasonable price.

Finally, you can go to FoodHall in PIK Avenue but it is more expensive.

Food and Nightlife:
It is a great area for eating out, with plenty of restaurants, from cheap warungs to upscale dining.

If you like street food, you can go to Fresh Market every night. There are dozens of stalls there, including some that sell excellent seafood.

PIK Avenue has some good restaurants, with an entire food court dedicated to Japanese cuisine. It also has a busy Union restaurant where rich locals hang out.

On Jalan Marina Raya, you have an even bigger selection of restaurants and bars. Most of them target young Indonesian-Chinese customers and, as such, they do serve pork.

Education:

→ Universities: Universitas Satyagama, Universitas Gunadarma (Kampus L2), UIC College (PIK Campus)
→ Schools: Singapore Intercultural School, Tzu Chi School, Saint Nicholas
→ Preschools: Modern Montessori Preschool, Erta Little Star

Hospitals:
Pantai Indah Kapuk Hospital

Parks and Recreation:
Taman Wisata Alam Mangrove
Waterbom PIK

Transportation

Access by car:
The toll road Jalan Sedyatmo is 1 kilometer away. It is connected to the Jakarta Inner Ring Road and the Jakarta Outer Ring Road. It is also connected to the airport toll road.

TransJakarta and buses:
There is a TranJakarta halt just in front of the complex that goes to Balai Kota via Kota Tua and Harmoni (line 1A). The whole trip can take more than 2 hours with the traffic, though.

Train station, MRT (Mass Rapid Transit), or LRT (Light Rail Transit):
None nearby for now.

Photos

From Outside (Facade)

Entrance

Reception

Landscaping and Public Areas

Corridors

Facilities

Pool and jacuzzi

Pool deck

Semi indoor swimming pool

Sauna

Gym – Lifting equipment

Gym

Kids playroom

Kids playground

Family Mart convenience store

Quality

Building Quality

I considered several factors such as the design, the quality of the finishes (paint, attention to details, etc), and the materials used (tiles, pipes, concrete, lights, doors, windows, furniture, artwork, etc). I’ve rated each area of the property from 1 – worst – to 10 – best.

  • Building: 7.5/10 – Modern design with floor-to-ceiling windows
  • Entrance: 6/10
  • Lobby: 7/10 – Not enough places to sit in the main lobby
  • Corridors: 7/10 – Wide corridor but no AC
  • Units: 7/10
  • Elevators: 7/10 – A bit slow
  • Gardens: 7/10
  • Swimming pool: 8/10 – Really nice
  • Gym: 6/10 – Not enough diversity of machines
  • Electricity: No known issues
  • Parking: No known issues

Overall building quality: 7.2/10:
Good quality apartment complex with affordable price

Maintenance

I didn’t see many maintenance issues as the building is still new.

Overall maintenance: 7.5/10

Cleanliness

The cleanliness is satisfactory.

Overall cleanliness: 8/10

Security

  • Guards: There are 24/7 guards at the main gate and at the entrance of each tower
  • CCTV cameras: Near the lift area, in the lift, in the corridor, and in the lobby
  • Access: You need an access card to enter the lift area and to exit the garden

Overall security: 8.5/10

 

Ratings

Gold Coast Apartments – PIK
3.8 / 5 My Rating
{{ reviewsOverall }} / 5 Readers' Rating (0 votes)
What I Liked
- Great neighborhood with plenty of facilities, markets, shops, and restaurants nearby
- Quiet environment, surrounded by nature (as of 2020)
- Huge garden and resort-style swimming pool
- Modern apartments
- Reasonable price
What I Didn't Like
- Far from the city center of Jakarta
- You can often see or hear planes above the complex
- The surroundings of the property will soon be developed
- The gym could be bigger
Location
Quality
Comfort
Management
Value
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