PT TASPEN PROPERTY INDONESIA COOKED COVE, READY TO EDUCE INDONESIA CO-LIVING MARKET

Jakarta, August 26, 2025 – PT Taspen Properti Indonesia or Taspro, a subsidiary of PT Taspen (Persero), officially entered the market living together Indonesia through the signing of a cooperation agreement with the company Proptech foremost, Small bay. This partnership has launched Aspena Cove’s residence, A rental apartment product in the Batuceper area, Tangerang that applies concepts living together. This strategic step expands the focus of Taspro to a wider modern society market through the support of the cap capabilities in the realm living together.

“As a company that continues to adapt to property trends, Taspro sees the significant growth of the residential model living together In Indonesia, especially with the advantages of lifestyle facilities and rental flexibility. The relevance of the trend is encouraging us to collaborate with Coves to present concepts living together on our apartment products. We are sure, Cove Aspena Residence is not only a promising business opportunity, but also our commitment in providing alternative rental housing that suits the needs of modern society, “said said Cecilia Kristywulan, President Director of PT Taspen Properti Indonesia.

In this collaboration, the Cove will manage 60 ASPENA Residence Apartment Rooms from Taspro in Subprivation Aspena Cove’s residence. Coves are responsible for the management of these rooms, including increasing interior design, occupancy management, and other property operational needs. In line with principles living togetherThe property offers rooms that are equipped with a number of public facilities that can support the development of communities between residents such as shared kitchen space, the loungeswimming pool, and area playground. This property is also equipped with a number function room which can be used by residents to hold meeting and other events.

“Cove seeing an increase in the number of managers who began to apply the concept living together To their apartment, one of them is Taspro. This application allows managers to expand their target residents through lease flexibility, units fully completedand service All included which was not found in the sale of empty apartment units. Therefore, we will make the Aspena Residence Cove as a multifunctional rental residence by accommodating the needs of monthly residences and daily accommodations like hotels, “explained Rizky Kusumo, Country Director of Investment, Cove.

The entire apartment building called Aspena Residence Semulan was built with a focus to provide affordable dwellings for the community, one of which for ASN. However, through the rooms offered in the Aspena Residence, TASPRO and COVE COVE products, now expanding the target consumers to more diverse segments with flexible monthly and daily rental offers. Aspena Residence Cove is intended as an alternative to rental residences for professionals and young couples who need comfort and close access to the Soekarno-Hatta and West Jakarta Airport areas. In addition, close access to the airport also makes this residential a daily accommodation option to rest both before or after business and tourism.

About PT Taspen Properti Indonesia

PT Taspen Properti Indonesia, previously named PT Arthaloka Indonesia, was established in April 1988, where its shares are owned by PT Taspen (Persero) and other shareholders. In the context of greater business development, in December 2017 PT Arthaloka Indonesia changed its name to PT Taspen Properti Indonesia. Aside from being a building manager, the company is also a developer to maximize property assets owned by the company and owned by PT Taspen (Persero).

About Cove

Cove is a property technology company (Proptech) which carries the concept of “Flexible Co-Living” in a variety of ready-to-live properties with complete facilities and strategic locations. At present, Cove has been present in more than 150 locations inhabited by 30,000 people in Indonesia every month, both monthly and daily.

Founded in 2018 in Singapore, Cove has been present in several major cities in Indonesia since 2020 and has been operating in Japan and South Korea. Cove applications can be downloaded at Application store And Google Play. Get the latest information from COVE via Cove.id/press, Instagram @cove_idAnd Tiktok @cove_id.