The wellbeing of a nation’s economy can easily be indicated by the flourishing of its land and properties. Developers who are able to execute effectively planned projects for the long and short run, coupled with sustainable and smart design helps establish a community and space that is safe and comfortable to live and work in. In this issue, Top 10 of Indonesia takes a look at the top property developers shaping the Indonesian property landscape today.

One of Indonesia’s property giant, the Agung Podomoro Group (APG) was founded in 1969 by the late Anton Haliman. Through its early projects in Sunter, North Jakarta, APG has become the pioneer of the concept of real estate in Indonesia and progressed to turn Sunter into one of the exclusive areas in North Jakarta. What began as a residential complex with complete facilities including schools, recreation centres, places of worship and hospital became one of the remarkable achievements for real estate development in Jakarta. Admirably, APG survived the 1997-1998 financial crisis through the strategies undertaken by the management of the group, making it one of the developers that did not have to abandon any of its projects during the crisis. Since 1995, the group has begun spearheading projects meant to address limited land in urban areas, one of it by developing the Menteng Executive Apartment where it provides an option for people to live in a collective area located in a nearby suburb. Again, it made another breakthrough in Indonesia’s real estate development, and subsequently, APG began focusing on the development of apartments. Its completed laudable projects to date includes Podomoro City in West Jakarta, as well as one of the most visited mall Senayan City in Jakarta. Due to its performance, the group has undeniably earned a stellar reputation in Indonesia. (photo credit: https://www.agungpodomoro.com/ )

 

Driven by its vision of impacting lives while continuously creating values for its stakeholders, PT Lippo Karawaci focuses on the development of sustainable independent townships within green environments and first class physical and social infrastructure. Its impressive list of large-scale integrated development project includes its first project City of Tomorrow in Surabaya, build on a 2.6 hectares of land, comprising a strata-titled mall, residential condominium, six office towers, five-star hotel, and university. Another more recent project is the Millennium Village, a new CBD Located in the middle of an area of 132 hectares in Lippo Village Adopting the concept of Global Smart City making it comparable to the world’s best global city. Lippo Karawaci is now the largest listed property company in Indonesia by total assets and revenue. (photo credit : http://www.themillenniumvillage.com/index.aspx

 

Ciputra Development, a name no stranger to Indonesia was established in 1981 which later became known as one of the leading and most diversified property developers in Indonesia. The company offers a distinct advantage in its residential and commercial property development projects through its unique and modern building architecture. Until now, the company has developed approximately 76 projects such as housing, apartments, shopping centers, hotels, golf courses, hospitals and offices spread over more than 33 major cities throughout Indonesia. With its large portfolio and landholdings, it has gained the trust of the wider community for more than three decades and also has become one of the leading property developers in Indonesia. (photo credit: https://citragardencity.com/ )

Another leading property developer, Agung Sedayu Group based in Jakarta, was established in 1971 and focuses on providing the ideal comfort and ease for a modern lifestyle. Its portfolio spans various areas in Indonesia, including prestigious areas in Jakarta, Bogor, Depok, Tangerang and Bekasi consisting of a township, superblock, apartment, office tower, mall, industrial estate and hotels. Its most recent development includes the prestigious Bukit Gold Mediteranea and Sedayu City in Kelapa Gading, North Jakarta.

 

Vertically integrated across the full real estate value chain from land acquisition, property development, marketing and operational management, PT Pakuwon Jati was established in 1982 and have been listed on both Jakarta and Surabaya stock exchange since 1989. The company is a pioneer of the “Superblock” concept in Indonesia, a large-scale integrated mixed-use development of retail shopping mall, office, condominium, and hotel.  Laudable superblock projects include the Kota Kasablanka Superblock in Jakarta as well as Tunjungan City Superblock in Surabaya. (photo credit : http://www.pakuwon.com/ )

 

Although only founded in 2013, PP Properti nevertheless makes a noteworthy mention for its continuous effort in making property development breakthrough through its projects. With a tagline of ‘Beyond Space’, the company innovates architectural design and goes beyond mere space design by harmonizing with natural surroundings, making it an ideal concept for modern residential, office, retail and commercial projects. Operating in three different sectors – namely commercial, residential and hotel, PP Properti’s commendable projects includes Balikpapan Ocean Square, Lagoon Avenue in Bekasi and Surabaya, Grand Kamala Lagoon in Bekasi and its own hospitality chain PP Hospitality. (photo credit : http://www.grandkamala.com/ )

 

PT. Bumi Serpong Damai, running under the Indonesian operation of Sinar Mas Land, owns multi hectares of strategic land bank with projects focusing on in-city development, township, residential, commercial, retail, industrial estates, and hospitality properties. PT Bumi Serpong Damai’s signature development, BSD City, is a mixed-use development estimated to be half the size of Paris. It encompasses a total area of approximately 6,000 hectares that has been in development for more than 19 years in the greater Jakarta region of Tangerang. (photo credit : https://www.bsdcity-development.com/ )

Moving to boutique properties, Asiana Group, founded in 2005 as a boutique property developer focusing on developing luxurious, groundbreaking and highly attractive living and working environments, focuses on development of commercial, office and living spaces. The group also creates design-oriented products geared towards enriching high-end lifestyle options both domestically and internationally. Among its esteemed projects are the Senopati Suites 1, 2 and 3, BiuBiu Jimbaran in Bali, Kemang ID, Bangka Tree, SOULBOX, Koiki Eatery at Senopati Suites and a multi-brand boutique, FOU.

Other commendable lands and property developers are PT. Modernland Realty with its innovative and serene cluster river garden project, Jakarta Garden City and PT Chitaland Perkasa with its iconic Chitaland Tower in the heart of Jakarta.