MGM Propertindo

B Residence BSD

Tangerang

B Residence is a luxury apartment in BSD City, Tangerang. With a very strategic location, this apartment is surrounded by well-known educational facilities such as Prasetya Mulya University, Sriwijaya School, and Swiss German University. Nearby commercial areas include AEON Mall and the International Convention and Exhibition (ICE) Convention Center.   B Residence is built on an area of ??6,800 m2 with a total of 39 floors. This residence has 3 towers, namely Tulip Tower, Rose Tower, and Lotus Tower. Facilities offered include a swimming pool, children's playground, meeting rooms, sky garden, food court, 24-hour security, and a sports club (table tennis, billiards, fitness center, jogging track, and others).   There are two types of units offered at B Residence, namely studio, and one bedroom. This type of studio has a semi-gross area of ??25-28 m2. Meanwhile, type one bedroom has a semi-gross area of ??38 m2. With the handover to consumers in early 2019, the development of apartment project construction was designed for 1,956 units in three towers. Since being marketed on October 10, 2016, the price of this apartment has experienced a growth of 60 percent.   Initially, not all B Residence units were released to the market. A total of 150 apartment units in Menara Lotus will be used as condotels. This concept is adapted to the condition of the completeness of the facilities around the apartment environment adjacent to the ICE BSD, as the second-largest convention and exhibition space in Southeast Asia. However, given the aspects of fairness and the commitment of the developer to realize attractive investment to consumers, the concept of condotel was eliminated.   Instead, the units in B Residence will be managed like a hotel by PT MGM Propertindo. Through this pattern, opportunities for all owners to rent out their apartment units with attractive sharing benefits. Illustration of these apartment rental investment calculations is more attractive compared to bank deposits that offer only 5 percent interest. By renting an apartment, consumers will get potential income above deposits or more than Rp 2 million with the market share of ICE BSD visitors.   For your information, the average length of events taking place at ICE BSD is around 2 weeks (14 days). In addition to ICE BSD, the presence of campuses also adds to B Residence's market share.