Mitsubishi Estate is strengthening its presence in Indonesia, bringing world-class expertise in mixed-use developments to one of Southeast Asia’s most dynamic markets. The company is focusing on premium real estate projects, creating integrated urban spaces tailored to modern Indonesian consumers, while also enhancing Japan-Indonesia business relationships.
“We combine our global development experience with local insights through strategic partnerships,” Yasuaki Oda, president director of Mitsubishi Estate Indonesia, said. Since its 2019 market entry, the company has unveiled notable projects including Trinity Tower, a premium office complex, and The Grand Outlet in Karawang, an upscale retail destination.
Supported by the country’s economic resilience and infrastructure development, Indonesia’s real estate sector shows continued growth despite global economic headwinds, “maintaining its growth trajectory even amid global challenges,” Oda noted.
The expansion of Jakarta’s transportation infrastructure, including the Mass Rapid Transit and Light Rapid Transit rail systems, has increased demand for mixed-use developments that offer greater convenience. “Today’s Indonesian consumers increasingly prefer integrated environments that seamlessly blend work, living, shopping and leisure activities,” Oda said.
Two Sudirman Jakarta represents the centerpiece of Mitsubishi Estate’s Indonesian vision. This flagship mixed-use development aims to reduce commuting stress and enhance urban living by combining office spaces, residences, retail outlets and green areas in a strategically connected location. “Our TSJ project delivers an integrated solution that minimizes commuting challenges while maximizing convenience,” Oda said.
Uniquely balancing urbanity and nature in one harmonious environment, TSJ features a convenient walkway connecting to major transit stations, an open space larger than 1,000 square meters and extensive green spaces throughout the residential area. The development will house the Hyatt Group’s Andaz hotel and feature innovative retail concepts, elevating Jakarta’s urban experience by thoughtfully integrating business and living spaces.
Additionally, the project’s direct integration with public transportation ensures smooth connectivity throughout the capital.
The company is now looking beyond Jakarta with plans for The Grand Outlet Bali, a luxury retail destination designed for both domestic and international visitors. “The expansion of Indonesia’s middle class and growing transit infrastructure creates substantial long-term opportunities for premium urban developments,” Oda noted. Mitsubishi Estate’s long-range strategy involves bringing high-caliber properties and premium lifestyle experiences to Jakarta that rival those found in Tokyo and Singapore.
By fusing Japanese innovation with a profound understanding of Indonesian market needs, Mitsubishi Estate is pioneering a new chapter in urban development. This approach not only strengthens Japan-Indonesia business ties, but also plays a transformative role in reshaping Indonesia’s real estate landscape.
