Partners
Creed Group – Selective Partners throughout Asia
Creed works with a local partner in each country in the areas where local players have strengths such as land acquisition, securing development permits and arranging construction finance.
Mustika Land is a property developer with more than 30 years of experience which has developed over 25,000 units in the West Java-Bekasi area in Indonesia.
Scientex is on of the top producers of flexible plastic packaging films as well as a reputable developer of affordable yet quality homes in Malaysia.
AnGia has carved a niche in Vietnam as a developer, rapidly grown over the past few years. They develop several projects in Ho Chi Minh City, some of them holding up to thousands of units.
Emerging developer founded in 2014. Differentiates their products by always planning effective projects from the customers' point of view.
JCX Developments Ltd. is a property developer specialized in high-end residential projects in Bahundhara Residential Area in Dhaka, Bangladesh.
Triple Gem is a company that is experienced in land and license acquisition. They also have land banking functions.
INDONESIA
Kawana Golf Residence
Kawana Golf Residence is a development of 26-storey condominium located beside Jababeka Golf & Country Club in Cikarang. The project is a joint venture between Creed and PT Jababeka Tbk, a publicly listed industrial estate developer in Indonesia. The building is completed in 2020 and is operated as serviced apartments.
Location
Type
Number of units
GDV (USD)
Land Area
Started
Completed
: Cikarang, Indonesia
: Condominium
: 234
: 20.0M
: 2,714 sqm
: 2017
: -
Serpong Garden Apartment is a mixed-use development with 2,500+ residential units located in front of the Cisauk Station, the 8th station from the central Jakarta by the Green Commuter Line. The project site is also located next to BSD City via Cisauk Station. Two towers out of total five towers are completed.
Serpong Garden Apartment
Location
Type
Number of units
GDV (USD)
Land Area
Started
Completed
: South Tangerang, Indonesia
: Condominium
: 5,371
: 158M
: 28,173 sqm
: 2018
: 2018
Mustika Village Sukamulya
Mustike Village Sukamulya is a development of 3,200+ landed houses over 35 hectare land located in the outskirts of Cikarang. The project is a joint venture between Creed and PT Mustika Land, a reputable local developer specialized in middle class landed houses. Typical unit is sold as 1-storey 30m2 building on 60m2 land and priced around at IDR 200 - 250 million (USD 13-17K) per unit. Phase 1 (600+ units) of the project is successfuly completed.
Location
Type
Number of units
GDV (USD)
Land Area
Started
Completed
: Cikarang, Indonesia
: Landed Housing & Shophouse
: 3,084 units & 16 units
: 44.2M
: 355,122 sqm
: 2019
: -
VIETNAM
An Gia Riverside & Skyline
Joint venture with our local strategic partner, An Gia Investment. We conducted back finance for our partner’s equity. Invested in both projects at once. We acquired land from the master developer using deferred payment method. Project succeeded in branding as a JV project with a Japanese firm. Sold out all units in a short period of time: Riverside in August 2017, Skyline in December 2017. The target for this project is middle-class locals.
Location
Type
Number of units
GDV (USD)
Land Area
Started
Completed
: Ho Chi Minh City, Vietnam
: Condominium
: total 718 units：247 + 471 units
: 69.5M
: 7,800 sqm (2 towers total)
: 2015
: -
River Panorama & Sky89
Fourth project with local strategic partner, An Gia Investment.
Acquired land from the same master developer as Riverside & Skyline.
Equity was invested by a Japanese listed developer, Hoosiers. Creed acted as AM. Targeted local mid-income class.
Location
Type
Number of units
GDV (USD)
Land Area
Started
Completed
: Ho Chi Minh City, Vietnam
: Condominium
: total 2,586 units：1,006+430
: 189.3M
: -
: 2017
: -
The Sóng
A resort condominium project in Vung Tau city, which is 90km and 2 hours by car from Ho Chi Minh city. The project can meet different needs such as actual demand in locals, for vacation house and for investment purposes.Vung Tau is a popular location for Vietnamese locals as a beach resort easily accessible from Ho Chi Minh due to close distance and good infrastructure. It has a very small supply of condominiums, and many that are present do not have sophisticated / modern designs. Creed & An Gia can differentiate our products in this market very well.
Location
Type
Number of units
GDV (USD)
Land Area
Started
Completed
: Vung Tau, Vietnam
: Condotel & Shophouse & Hotel
: 1,274 units
: 180.0M
: 8,800 sqm
: 2019
: -
CAMBODIA
Borey Maha Sen Sok
Land acquisition, construction, then sales. Local mid-income class as target customers. Since mid-income households find it difficult to receive bank loans, the developer ourselves carried out installment sales (for 240 units). Construction was supervised and managed by a Japanese staff. Creed Cambodia has all functions from construction & development to sales & marketing
Location
Type
Number of units
GDV (USD)
Land Area
Started
Completed
: Phnom Penh, Cambodia
: Condominium
: 581 units
: 70.0M
: 14,000 sqm
: 2015
: 2018
Bodaiju Residences
Condominium development at a strategic land near the airport. Creed carries out all development aspects of the project, from project planning, sales, architecture management to management after sales (includes café management inside building).
Location
Type
Number of units
GDV (USD)
Land Area
Started
Completed
: Phnom Penh, Cambodia
: Landed Housing
: 759 units
: 44.5M
: 114,000 sqm
: 2015
: 2018
Arata Garden Residences
Land acquisition, construction and sales of landed housing for local mid high income class. Designed by a Japanese architect. Creed carries out all aspects of the project (construction management, sales, etc.) under Japanese staffs’ supervision and management.
Location
Type
Number of units
GDV (USD)
Land Area
Started
Completed
: Phnom Penh, Cambodia
: Landed Housing
: 737units
: 104.0M
: 126,000 sqm
: 2017
: 2021
THAILAND
Altitude Unicorn
Joint venture (Creed 49%) with an emerging local developer, Altitude Development. Altitude was founded in 2014, and currently involved in condominium / landed housing / home office developments for locals (Total 9 projects, GDV: USD 150M). They are aiming for IPO in a few years. The project targets middle income singles or DINKs employed in offices in the Sathorn-Silom area, and has started sales in July 2019. In recent years in Bangkok, there are increasing number of nuclear families (parents and children, two generation family). Therefore there is a rising demand for condominium units near the city center with an affordable price range.
Location
Type
Number of units
GDV (USD)
Land Area
Started
Completed
: Bangkok, Thailand
: Condominium
: 711 units
: 76.7M
: 4,813 sqm
: 2018
: -
Altitude Kraf Vibe Bangna
The joint venture with Altitude Development (51.0%), a local developer, and Scientex (24.5%), a listed Malaysian developer. This project is a landed house development in the Bangna area, a popular area for both supply and demand for housing. The project targets middle class and primary homebuyers.
Location
Type
Number of units
GDV (USD)
Land Area
Started
Completed
: Bangna, Bangkok
: Landed Housing
: 334 units
: 42.0M
: 40,948 sqm
: 2022
: -
BANGLADESH
Creed City Park
Kawana Golf Residence is a development of 26-storey condominium located beside Jababeka Golf & Country Club in Cikarang. The project is a joint venture between Creed and PT Jababeka Tbk, a publicly listed industrial estate developer in Indonesia. The building is completed in 2020 and is operated as serviced apartments.
Location
Type
Number of units
GDV (USD)
Land Area
Started
Completed
: Bangkok, Thailand
: Condominium
: 711 units
: 76.7M
: 4,813 sqm
: 2018
: -
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