PT Cemerlang Indo Properti (CIP), a subsidiary of PT Pakuwon Jati Tbk., officially announced its strategic partnership with Ascott Limited, the hospitality business unit of Singapore’s CapitaLand Investment (CLI), to develop Ascott Batam. The project contained in a mixed use development is claimed to be the largest in Batam, Riau Islands. The project is located at Bukit Permata and is planned to be completed in 2028.