Blood Donation Drive in Collaboration with PMI Jakarta Timur at Jakarta Garden City

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  JGC Collaborates to Enhance Public Safety Initiatives Over the Festive Season

  Jakarta, December 31, 2024 – In anticipation of potential security risks during the 2024 Christmas and New Year (Nataru) holiday season and as part of its active participation in community safety programs, Jakarta Garden City’s Town Management Division (TMD) has collaborated with relevant agencies to ensure public order and safety in Cakung District, East Jakarta. A joint readiness drill was held within the Jakarta Garden City township as part of this initiative. Led by Yandi Ramayadi, Township Management Head of Jakarta Garden City, the drill involved all parties concerned with the security of the 2024 Christmas and New Year celebrations. The aim was to prepare for any unforeseen incidents that might occur in the Cakung area. In addition to the joint readiness drill, JGC has also stepped up security patrols, particularly in public areas such as parks, shopping centers, schools, commercial districts, and residential neighborhoods. In his address, Yandi Ramayadi emphasized the importance of preparedness and vigilance against potential threats, no matter how small, to ensure a safe and peaceful Nataru holiday. “We hope that the community can enjoy this holiday season smoothly and under control,” Yandi Ramayadi concluded.

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  Following the approval of its Extraordinary General Meeting of Shareholders (EGMS), Modernland Realty is poised to implement its strategic plan for asset guarantee.

  Jakarta, December 30, 2024 – Property developer PT Modernland Realty Tbk. (MDLN) reaffirmed its commitment to strengthening its business through an Extraordinary General Shareholders Meeting (EGSM) held on Monday, December 30, 2024, at the Jakarta Garden City Clubhouse. Shareholders, Commissioners, and Directors attended the event. The primary agenda of the EGSM was to seek shareholder approval for a plan to guarantee the company’s assets or property exceeding 50% of its current and/or future net assets. “This approval is necessary as an anticipatory measure given the potential for the Company to guarantee assets or property exceeding 50% of its net assets, either based on new guarantees or due to future collateral exchanges,” stated Iwan Suryawijaya, the Independent Commissioner who chaired the meeting. Iwan Suryawijaya explained that the approval for the plan to guarantee the Company’s assets or property exceeding 50% of its current and/or future net assets, including but not limited to providing mortgage, fiduciary, pledge, corporate guarantees, and/or other guarantees to secure debts in one or more transactions, whether related or unrelated, including but not limited to the debts of the Company and/or its subsidiaries, until the next Annual General Meeting of Shareholders, is subject to the Company’s Articles of Association and applicable laws and regulations. In the decision of this Extraordinary General Meeting, shareholders approved the corporate actions and granted the Board of Directors the authority to carry out the approved resolutions. As of the third quarter of 2024, PT Modernland Realty Tbk. recorded marketing sales of Rp855 billion. The residential segment, as the main contributor, achieved Rp648 billion, representing an 18% increase compared to the previous quarter but a 21% decrease compared to the same period last year. Sales were dominated by Jakarta Garden City, followed by two other flagship projects, Modernland Cilejit and KotaModern. The industrial segment contributed Rp79 billion, or a 2% growth compared to the same period last year. Following the industrial segment, the hospitality, golf and country club, and other segments contributed Rp128 billion in marketing sales, a 17% increase from the same period last year. Modernland Realty is optimistic that sales of residential properties, especially landed houses and commercial areas, will remain the backbone of the domestic property industry in 2025. This is supported by government policies and the establishment of the Ministry of Public Works and Housing, which aims to strengthen inter-institutional coordination, create regulations, address housing shortages, and ensure appropriate financing programs for the public. On the other hand, as part of its development strategy focused on innovation and sustainability, the Company remains committed to launching property products that cater to various market segments.