Four Seasons Residences
Four Seasons Residences is a complex with 4 luxury residential towers of 35 floors each, for a total of 470 units. Built on 2.4 hectares of land in 1998-1999, it was developed by a group of investors including a cousin of Suharto (Sudwikatmono), the Salim family (Indofood), and the Japanese conglomerate Nissho Iwai (now called Sojitz).
I stayed in this property for a couple of days in 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 Four Seasons Residences located?
Four Seasons Residences is located in Setiabudi, just between Jalan Rasuna Said and Jalan Sudirman. Those two streets are the most important of the business district of Jakarta, with many prestigious office towers and hotels.
Setiabudi itself is a rather quiet neighborhood, with mostly low-rise buildings. While there are some luxurious houses and apartments, it is still a middle-class area with a traditional Indonesian life. In fact, you only need to walk a couple of hundred meters from Four Seasons Residences to find some local street food. On the negative side, it is not as clean as modern areas like SCBD or Mega Kuningan. It is also more difficult to walk around.
How does it look like around the apartments?
This is the street in front of the entrance gate of Four Seasons Residences:
How far is the property from:
– Jakarta Airport (CGK): 60 minutes
– Grand Indonesia Mall: 5-10 minutes
– Sudirman Business District: 5 minutes
– Kota Tua: 40 minutes
– Kemang: 45 minutes
Public transportation and access to highways:
– Nearest Transjakarta halt: Setiabudi Utara AINI or Dukuh Atas 2 (600 meters away)
– Nearest MRT station: Setiabudi Astra (1.2 km away)
– Nearest train station: Sudirman Station (1.5 km away)
– Train station to airport: Sudirman Baru (1.7 km away).
– Nearest toll road: Jakarta Inner Ring Road (20 minutes away)
What are the important landmarks nearby?
Nearby, there are a few landmarks you can go to:
In about 10 minutes, you can reach Grand Indonesia, one of the largest upscale malls in Jakarta. It has pretty much anything you may need, including 2 supermarkets, some popular fashion brands (Zara, H&M), a huge cinema and 3 department stores (Sogo, Seibu, Central). It is also a popular hangout spot with plenty of coffee shops, restaurants, and bars.
Plaza Indonesia, opposite Grand Indonesia, is the most luxurious mall in Jakarta. It is home to brands like Louis Vuitton, Cartier, Chanel, etc. On the higher and lower floors, there are also some more affordable shops, a supermarket, a cinema, bars, restaurants, etc.
The nearest ones are Ranch Market in Grand Indonesia or FoodHall in Plaza Indonesia. Both are quite expensive but they have a wide diversity of imported products. You can also go to the smaller Daily FoodHall in Setiabudi 2 building (5 minutes away).
There aren’t any restaurants walking distance to Four Seasons Residences (except local warungs), but you can reach many within a short car ride. For instance, I recommend going to Setiabudi One where you will find about 40 midrange eateries.
In 2020, the hotel St Régis will open on the street opposite Four Seasons Residences, so a few fine dining options should become available.
Bars and Nightlife:
Nearby nightlife areas are around Grand Indonesia (Skye, Cloud), in Mega Kuningan (Basque, Loewy) or in SCBD (Fairgrounds complex). All these places are within 10-20 minutes of Four Seasons Residences.
This is not the best area if you have kids or if you are a student. There are not many universities or International schools. Here a few within a reasonable distance:
– Universities: Bakrie University, Atma Jaya Semanggi, London School of Public Relations, Sahid University, STIE Perbanas
– Schools: Royal Primary Academy (Sekolah Royal Tunas Mulia – 10 minutes away), Highscope (from preschool to high school – in Taman Rasuna), International Islamic School.
None nearby. The closest one would be the Monas or Bung Karno.
Plenty of offices nearby: Chase Plaza, MidPlaza, Sampoerna Strategic Square, IFC, World Trade Center, Indofood, etc.
Many within easy reach: Australia, Saudi Arabia, Philippines, Italy, Serbia, Greece, Canada, etc.
Building and Architecture
Who is the developer?
Since the property is more than 20 years old, it was a bit difficult to find who was the developer.
According to what I found on the Internet, it was built under the name Four Seasons Regent Residences by the group PT Dewata Wibawa. The latter was a joint venture with several investors:
– Sudwikatmono (the younger cousin of Suharto)
– The Japanese conglomerate Nissho Iwai (now called Sojitz) and the Japanese company Toyo Real Estate Co Ltd.
– Several members of the Salim family (David Salim, Henry Liem, Hendra Liem).
– A man called Irwan Sutisna
The current ownership has changed, though. It is now part of the Aldiron Hero Group, a relatively unknown conglomerate involved in various industries (property, mining, services, etc).
Who is the architect?
I didn’t find this information.
Who is the contractor?
I didn’t find this information, but I know that the structural engineering was done by Korra Antarbuana.
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 design of the towers is modern, even though they were built in the late 90s.
Entrance and Lobby:
The style of the lobby is classic, with some beautiful marble panels on the walls and on the floor. That said, it looks a bit quaint and old-fashioned.
Landscaping and Public Areas:
The Balinese-themed garden of Four Seasons Residences is large, with several pools and places to relax. It reminded me of the gardens of those old resorts in Bali (for instance the Kuta Discovery Kartika Plaza Hotel).
Corridors and lifts:
Size and Types of Apartments
The apartments’ size is approximately the following:
– 2 bedroom unit (2 bathrooms, maid room): 192-198m2
– 3-bedroom unit (2-3 bathrooms, maid room): 208m2
There are also 12 penthouses and 2 grand penthouses.
All the units have a private lift.
Here are a few pictures I took from an apartment in Four Seasons Residences:
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: 8.5
Painting (wall, ceiling): 7
Lighting fixtures: 7.5
Gym equipment: 8
Pool equipment: 8
In the apartments:
Bathroom equipment: 8.5
Kitchen equipment: 7
Overall Quality: 7.8/10
Facilities and Services
What are the facilities provided in the property?
It is a resort-style pool with different basins. Very pleasant area with many trees and a Balinese vibe. There is also a kids’ pool.
It is rather large, but it feels like there are too many machines in a small space. Not enough free weights.
Other facilities and services not pictured here:
Tennis court, Basketball court, Jacuzzi, Sauna, Minimarket, Laundry, ATM
Are there issues with the electricity supply?
None that I know about.
Are there issues with parking?
None that I know about.
Are there enough lifts?
Is the property busy?
It is not really busy. I suspect that many apartment owners bought a unit as an investment but they are not living there full-time.
Is it noisy?
It is rather quiet, especially thanks to a large empty field at the north of the property. On its southern side, you have a mosque that can be heard.
What is the background of the residents?
Residents are a mix of rich Indonesians and expats.
Are there visible damages?
The property is still in a good condition, but you can see that it isn’t brand-new (normal tear and wear)
Overall maintenance rating: 8/10
The cleanliness was excellent.
Overall cleanliness rating: 9/10
The maintenance of the garden was good.
Overall gardening rating: 8/10
– Guards: There are 24/7 guards at the main gate of the property and at the lobby entrance.
– CCTV cameras: In the lobby, in the lift, and outside.
– Access: You need an access card in the lift to go to your unit
Overall security rating: 9/10
The staff is friendly and professional.
Overall hospitality rating: 9/10
Rooms and Prices
Prices at Four Seasons Residences 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 (198m2) – Well-furnished:
- Rental 1 Year: Approximately IDR 444 million (or IDR 37 million per month)
- Buy: Approximately IDR 9,000,000,000
- Break Even Point (Buying Price/Gross Annual Rental): 20.3 years
- Average buying price/m2: IDR 45.5 million/m2
Reasons to buy:
– Prestigious property
– Central location
– Spacious units
Reasons NOT to buy:
– Old property
– Rents are quite low compared with the price of buying
– Most apartments need to be refurbished
Would I buy this property? (On a scale from 0 = “not at all” to 10 = “yes absolutely” ):
Four Seasons Residences
Jalan Setia Budi Tengah, Kuningan,
South Jakarta 12910, Indonesia
Phone number: +62 (0) 21 5790 1888
or +62 (0) 21 480 3845
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.
- Nice Balinese garden with large pools.
- Spacious apartments.
- Luxurious lobby.
- Rather quiet.
- The style is a bit old-fashion.
- The surroundings of the residence can be dirty.
- Few of the units are modern.
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