The Capital Residence
The Capital Residence is a luxury residential complex of 3 towers (38 floors each) for a total of 350 units. It has a strategic location in the business district (SCBD), just across the street from the mall Pacific Place.
Completed in 2007, it was built by Graha PutraNusa, a joint venture between the Mahaka Group (Erick Thohir) and the Artha Graha Group (Tomy Winata).
I visited the property with an agent in June 2019, and this is my full review of it.
- 1 Location:
- 2 Building Quality
- 3 Comfort
- 4 Management
- 5 Rooms and Prices
- 6 Investment Potential
- 7 Address
- 8 More Photos
- 9 My Ratings
Neighborhood and Transportation
In which neighborhood of Jakarta is The Capital Residence located?
The Capital Residence is part of a prestigious mixed-used development concept called SCBD (Sudirman Central Business District). This 47-hectare area is privately-owned by various shareholders, including the Artha Graha Group of Tomy Winata. It includes famous buildings like Pacific Place Mall, the Ritz-Carlton Hotel, the Alila Hotel, District 8, the Equity Tower, the Energy Building, the Jakarta Stock Exchange, etc.
It is one of the most modern parts of Jakarta, together with Mega Kuningan. The streets, drawn according to a master plan, are spacious and they have a proper sidewalk. You can walk around without bumping into a street vendor, and you won’t see much garbage. Almost all the buildings are new and high-rise, except for a few blocks that are still waiting to be developed.
To summarize, while SCBD is in Jakarta, it isn’t really Jakarta: It just looks like the business district of any large metropolises.
How does it look like around the apartment?
This is what you can see near the apartment:
By car, with normal traffic conditions, how far is it from:
– Jakarta Airport (CGK): 50 minutes
– Grand Indonesia Mall: 20 minutes
– Sudirman Business District: 0 minutes
– Kota Tua: 70 minutes
– Kemang: 35 minutes
Public transportation and access to highways:
– Nearest Transjakarta halt: Polda Metro Jaya (500 meters away)
– Nearest MRT station: Istora Mandiri (500 meters away)
– Nearest train station: Sudirman Station (3 km away)
– Nearest toll road: Jakarta Inner Ring Road (600 meters away).
The strategic Semanggi Interexchange is just 5 minutes from The Capital Residence. It allows you to go faster to any directions in Jakarta (including to the airport).
The traffic is generally reasonable within SCBD, except during peak hours (8-10 AM and 5-7 PM).
What are the important landmarks nearby?
Nearby, there are a few landmarks you can go to:
Mall Pacific Place is just across the street from The Capital Residence. You can also go there with an underground tunnel.
It is a medium-sized luxury mall with a Galerie Lafayette department store, a cinema, a supermarket, a gym, a Kidzania, plenty of restaurants and high-end shops.
There is a Kem Chicks supermarket in Pacific Place that has many imported products. A cheaper and larger option is Grand Lucky Supermarket, about 600 meters away (less than 10 minutes by foot).
Restaurants and Nightlife:
SCBD is one of the best locations in Jakarta for eating out and partying. You will have plenty of options, such as Potato Head, Lucy in the Sky, Cork & Screw, Hard Rock Café, Hakkasan, etc.
Two expensive private universities have a campus nearby: Binus and Pelita Harapan.
There are no international schools but Al Alzhar and SMA 82 are reputed among Indonesians.
For preschool, you can check Apple Tree on Jalan Senopati.
Siloam Semanggi, just 10 minutes away by car, is recommended.
You can reach Gelora Bung Karno Stadium in about 10-15 minutes by foot. It is suitable for running or walking.
Building and Architecture
Who is the developer?
The Capital Residence was developed by Graha PutraNusa, a joint venture between the Mahaka Group (Erick Thohir) and the Artha Graha Group of Tomy Winata (via its subsidiary PT Danayasa Arthatama). The latter is the owner of SCBD and it has shares in most of the buildings there, such as Equity Tower, Kusuma Chandra, Pacific Place, Artha Graha Office, SCBD Suites, and the Alila Hotel.
Who is the architect?
The architectural firm was the Indonesian firm Airmas Asri, which has already worked on several high-end projects like Pakubuwono Signature, Pakubuwono View and District 8.
Who is the contractor?
The contractor was PT Adhi Persada Gedung, one of the largest in Indonesia. They have built many properties, including Kuningan City, Seasons City, and La Maison Barito.
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):
The towers, thin and elegant, are covered with dark glass windows. They look more like office buildings than apartments:
Entrance and Lobby:
With beautiful marble tiles and unique artwork pieces, the lobby feels really exclusive. It is spacious, with several resting areas, including a small café.
Landscaping and Public Areas:
Public areas are limited within The Capital Residence. This is not the best apartment building for those who like to walk around in a garden.
Corridors and lifts:
The units are all served by a private lift.
Size and Types of Apartments
The apartments’ size is approximately the following:
2-bedroom units (2 bathrooms + 1 maid room): 150 m2
3-bedroom units (3 bathrooms + 1 maid room): 171 m2
4-bedroom units (4 bathrooms + 1 maid room): 325 m2
All the units have a private lift.
These are photos of a 2-bedroom unit that I took during my visit:
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: 9
Painting (wall, ceiling): 8
Lighting fixtures: 8.5
Elevator: 7 (Fujitec brand)
Gym equipment: 7
Pool equipment: 7.5
In the apartments:
Bathroom equipment: 8
Kitchen equipment: 7
Overall Quality: 7.5/10
Facilities and Services
What are the facilities provided in the property?
These are the facilities available within The Capital Residence:
What are the services available within the property?
Many services are available, including ATM, minimarket, laundry, coffee shop. You can also go to Pacific Place Mall easily by crossing the street (or by using the underground tunnel).
Are there issues with the electricity supply?
None that I know about.
Are their issues with parking?
None that I know about.
Are there enough lifts?
Is the property busy?
The lobby was surprisingly very busy.
The agent told me the occupancy rate was around 90%, which seems believable considering the strategic location.
Is it noisy?
I didn’t find it noisy.
What is the background of the residents (ethnicity, social status)?
The residents are a mix of Indonesians (including Indonesian Chinese) and expats.
Are there visible damages?
There are not too many damages, even though the property is more than 12 years old. However, most of the apartments I visited had not been refurbished and they looked old. The value for money seemed inferior compared to that of newer luxury properties like District 8 or Anandamaya.
Overall maintenance rating: 8.5/10
The cleanliness was excellent.
Overall cleanliness rating: 9/10
The maintenance of the garden was good.
Overall gardening rating: 8.5/10
– Guards: There are 24/7 guards at the main gate of the property, in the parking area, and at the lobby of each tower.
– CCTV cameras: In the lobby, and in the lifts.
– Access: You need an access card to reach your unit.
Overall security rating: 9/10
The staff is friendly and professional.
Overall hospitality rating: 8.5/10
Rooms and Prices
Prices at The Capital Residence may vary depending on many factors such as the floor, the unit type, the room condition and the furnishings.
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 (150m2) – Well-furnished:
- Rental 1 Year: Approximately IDR 420 million (or IDR 35 million per month)
- Buy: Approximately IDR 7,500,000,000
- Break Even Point (Buying Price/Gross Annual Rental): 17.8 years
- Average buying price/m2: IDR 50 million/m2
Reasons to buy:
Excellent location in Central Business District
Connected to Pacific Place Mall
Many expat tenants
Reasons NOT to buy:
There are still several empty plots of land in SCBD, meaning more luxury apartments will be built nearby in the future. They will probably make The Capital Residence less attractive.
Would I buy this property? (On a scale from 0 = “not at all” to 10 = “yes absolutely” ):
The Capital Residence
Jalan Jend. Sudirman No.52-53,
Senayan, Kebayoran Baru,
South Jakarta 12190
The Capital Residence
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.
- 5-minute walking distance to Pacific Place Mall.
- Modern neighborhood, perfect for young expats who enjoy going out and shopping.
- Spacious apartments with private lift and luxury finishes.
- Large pool, complete gym.
- No garden or green areas.
- Prices are quite high compared to some similar high-end properties.
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