Asia PR News

SINGAPORE, May 27 /PRNewswire-AsiaNet/ –

Launches for Jakarta properties are returning to Singapore, reflecting a
new confidence in Indonesia’s economy, now expected to surpass 6% GDP growth in
2005. This weekend, Singapore welcomes the first Jakarta luxury serviced
apartment project to launch sales here in more than a decade — the Oakwood
Premier Cozmo Jakarta.

The launch will take place 28-29 May at the Singapore Marriott Hotel,
located at 320 Orchard Road. Exhibition hours on both Saturday and Sunday
will be 11am — 8pm.

Located in Jakarta’s ultra-prime Mega Kuningan (nestled within the Golden
Triangle), Oakwood Premier Cozmo Jakarta will offer 226 luxury furnished
residences to be sold strata-title by developer PT Cozmo Internasional. The
property site is located next to the JW Marriott Hotel Jakarta, near the
Embassy of Singapore and Embassy of China.

Oakwood Premier Cozmo Jakarta will be loaded with luxury features,
including gourmet kitchens; spectacular bathrooms with drench showers; a
beautiful health club and swimming pool; plus exceptional security features
including a Helipad. Buyers can choose posh owner-occupancy or place their
flats into a leasing pool to be managed as serviced residences by Oakwood
Worldwide.

"This is the prime opportunity for investors seeking the higher potential
of the Indonesian market," says Kan Kum Wah, Director of Sales & Marketing for
PT Cozmo Internasional. "Investments in Indonesian Rupiah will deliver
guaranteed returns of 7% nett in US dollars the first two years.*"

Prices for Oakwood Premier Cozmo Jakarta start at Rupiah 17,000,000
(S$2,974) per square meter.**

Founded in 1960, Oakwood (www.oakwood.com) is the leading global
management company in serviced apartments, with locations throughout Asia,
North America and Europe. The luxurious Oakwood Premier brand has debuted in
Korea and the Philippines and expansion is underway in Indonesia, India, Japan
and Thailand.

"This will be the Oakwood Premier flagship in Indonesia," says Robert
Philips, Director of Sales & Marketing of Oakwood Asia Pacific. "Buyers who
place their flats into the leasing pool will benefit from the excellence of
Oakwood management and our international marketing network."

PT Cozmo Internasional has ensured the project’s success by aligning it
with an award-winning development team, including Oakwood, SCDA Architects and
interior designer Hirsch Bedner Associates. Marketing agents for the launch
will be Knight Frank and OrangeTee.

"The combination of the Mega Kuningan location, the Oakwood Premier brand,
and the development team aligned on this project make this a smart investment
in Indonesia," says buyer Mr. Seah C.M.

For more information about Oakwood Premier Cozmo Jakarta, please contact
the appointed marketing agents (Knight Frank or OrangeTee) or
www.oakwoodjakarta.com.

* Terms and conditions apply.
** Currency conversion subject to change.

SOURCE: Oakwood Asia Pacific

CONTACT: Robert Philips,
Director of Sales & Marketing of Oakwood Asia Pacific,
+65-6336-6900,
rphilips@oap.com.sg

Web site: http://www.oakwood.com
http://www.oakwoodjakarta.com