8 Top Residential Property Developers in Indonesia

As one of the countries with the largest economy in Southeast Asia and world’s 16th largest economy by GDP, Indonesia currently focuses their growth in their infrastructure, including property development.

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Published

03.02.2021

As one of the countries with the largest economy in Southeast Asia and the world’s 16th largest economy by GDP, Indonesia currently focuses its growth on its infrastructure, including property development.

Running a business in the property sector in Indonesia is indeed very attractive and promising because the price of buildings from each year has been increasing rapidly. Many developers run property development and real estate businesses such as housing and apartments, both on a small scale and on a large scale.

Among numerous property developers in Indonesia, these 8 companies are the ones who managed to build the country’s best residential properties and even won several awards for their developments.

1. Sinarmas Land

As the winner of PropertyGuru’s Indonesia Property Awards 2020, Sinarmas Land Limited or also known as AFP Properties Limited is one of the largest residential and commercial property developers in Indonesia. Founded in 1988 by Eka Tjipta Widjaja, PT Sinarmas Land has three prestigious subsidiaries, which are PT Bumi Serpong Damai, PT Duta Pertiwi, and PT Puradelta Lestari Tbk.

Sinarmas Land is well known for its residential and commercial projects, such as City & townships, residential housing projects, apartments and high-rise buildings, commercial & industrial buildings, shopping malls, trade centres, exhibition centres, hotels, golf courses and resorts. In addition to Indonesia, they’ve also developed a number of residential projects in China, Singapore and Malaysia.

Current Projects:

City and township projects

  • BSD City
  • Kota Deltamas
  • Kota Wisata
  • Grand Wisata

Residential projects

  • Balikpapan Baru
  • Banjar Wijaya
  • Grand City – Balikpapan
  • Legenda Wisata
  • Li Shui Jin Du – Chengdu, China
  • Li Shui Jin Yang – Shenyang, China
  • Taman Duta Mas Batam
  • Taman Permata Buana
  • Telaga Golf – Sawangan
  • Wisata Bukit Mas Surabaya

Commercial and industrial projects

  • BSD Techno Park
  • Greenland International Industrial City (GIIC) Deltamas
  • Karawang International Industrial City (KIIC)
  • Orchard Towers – Singapore
    Plaza BII
  • Wisma BCA – BSD City
  • Wisma BII Medan
  • Wisma BII Surabaya
  • Wisma Eka Jiwa

Retail and trade centre projects

  • ITC Mangga Dua
  • Mal Mangga Dua
  • Harco Mas Mangga Dua
  • Epicentrum Walk
  • Plaza Indonesia
  • DP Mall Semarang
  • ITC BSD
  • The Breeze
  • AEON Mall BSD
  • ITC Cempaka Mas
  • ITC Kuningan
  • Mal Ambassador
  • ITC Depok
  • ITC Fatmawati
  • ITC Kuningan
  • ITC Permata Hijau
  • ITC Roxy Mas
  • ITC Surabaya Mega Wholesale
  • Mal Ambasador
  • Mal Mangga Dua

Hotel, resort and golf course projects

  • Damai Indah Golf – BSD
  • Damai Indah Golf – PIK
  • Grand Hyatt
  • Kota Bunga
  • Le Grandeur Balikpapan
  • Le Grandeur Jakarta
  • Le Grandeur Palm Resort – Johor, Malaysia
  • Palm Spring Golf – Batam
  • Sedana Golf – Karawang
  • Le Premier Kota Deltamas

Future Projects:

Sinar Mas Land is currently planning to develop high-end mixed-use projects in BSD City, Banten, and Tangerang, in a partnership with Mitsubishi. They’re also planning to invest more than USD 500 million in the development of an integrated smart digital city in BSD in the coming years.

2. Ciputra Group

Established in 1981 by Dr. HC. Ir. Ciputra, Ciputra Development under Ciputra Group is one of the leading diversified property developers in Indonesia. As the winner of Euromoney Real Estate Survey in the category of Overall Developers for Indonesia, Ciputra Group developed some of the most upscale real estate in Indonesia, including Pondok Indah residential area in Jakarta under one of their subsidiary companies, the Metropolitan Group.

Ciputra builds almost all types of property. Completed projects include residential townships, city blocks, apartment buildings, hotels, malls, mixed-use buildings, resorts, office towers, and other commercial buildings. So far, they’ve completed more than 75 development projects in 33 different cities along with a few projects in Vietnam, China, and Cambodia.

Current Projects:

Ciputra has 75 Residential projects in 34 cities in Indonesia and 4 malls in Jakarta, Semarang, and Surabaya. Ciputra Development has also built 9 hotels, 8 office towers, 6 superblocks, and 5 healthcare projects in Indonesia.

Future Projects:

Ciputra Development is currently developing CitraLand Jayapura and CitraLand City Jakarta

3. Lippo Group

Lippo Group, sometimes referred to as PT Lippo Karawaci Tbk, was founded by Mochtar Triady in 1950. It is one of the oldest property developers in Indonesia and has been ranked among the 50 Best Companies in Indonesia by Forbes.

PT Lippo Karawaci Tbk owns many real estate subsidiaries including Lippo Village, Lippo Homes, Lippo Malls, Cinemaxx and more. Over more than a decade, this company has proven itself to be a highly trusted property developer with a most recognisable brand name. It is the owner of the largest diversified landbank and a leader in pioneering projects in strategic locations throughout Indonesia.

Lippo Group also owns Lippo Limited, a Hongkong incorporated listed company, and Lippo China Resources. Lippo Group develops different types of property in Indonesia, including hospitals, universities, malls, hotels, and residentials. They are known for their large scale residential projects like Lippo Village.

Current Projects:

  • Lippo Cikarang
  • Lippo Village
  • Lippo Land Club
  • Lippo Malls
  • Benton Junction
  • Bellanova Country Mall
  • Cibubur Junction
  • Depok Town Square
  • Lippo Plaza Bogor
  • Gajahmada Plaza
  • Grand Mall Bekasi
  • Lippo Plaza Kramat Jati
  • Lippo Mall Kemang
  • Lippo Mall Puri
  • Mal Lippo Cikarang
  • Metropolis Town Square
  • Plaza Semanggi
  • Pejaten Village
  • Pluit Village
  • PX Pavilion @ St. Moritz
  • Tamini Square
  • WTC Matahari
  • Bandung Indah Plaza
  • Istana Plaza
  • City of Tomorrow
  • Lippo Plaza Sidoarjo
  • Lippo Plaza Kendari
  • Malang Town Square
  • Lippo Plaza Batu
  • GTC Makassar
  • Lippo Plaza Manado
  • Plaza Medan Fair
  • Grand Palladium
  • Binjai Supermall
  • Sun Plaza
  • Palembang Square
  • Lippo Plaza Jakabaring
  • Lippo Mall Yogya
  • Lippo Plaza Jember
  • Lippo Homes
  • Benton Junction
  • Country Club
  • Permata Sport Club
  • Maxx Coffee
  • San Diego Hills Memorial Park
  • Menara Matahari
  • Pelita Harapan University
  • Pelita Harapan School
  • Dian Harapan School
  • Atisa Dipamkara School
  • Aryaduta Hotels
  • Siloam Hospitals
  • BeritaSatu Plaza

Future Projects:

  • Millenium Village, Jakarta
  • Meikarta, Cikarang

4. Agung Podomoro

Founded by Anton Haliman in 1969, Agung Podomoro Land under Agung Podomoro Group is one of the top developers in Indonesia, known for building large scale projects. It’s property arm APLP is a relatively new subsidiary founded in 2004, but has already won several awards in the last few years, including the best developer in 2017 by BCI. So far, they’ve completed more than 70 residential projects.

Within 10 (ten) years, the Agung Podomoro has completed more than 50 property projects, with the majority addressed to middle-class segments of society, with projects ranging from low-cost apartments to high-end apartments in South Jakarta, high end and the neighbourhood mall, shop houses, hotels and office towers.

PT Agung Podomoro builds housing in Sunter and Kelapa Gading areas. In addition, this company also provides affordable housing for the lower-income citizens outside the Jabodetabek area, such as Subang, Lebak and Kresek. One of their latest and biggest projects is Podomoro Park which has an area of 100 hectares located in South Bandung.

Current Projects:

  • Podomoro City
  • SOHO @ Podomoro City
  • Neo Soho
  • Central Park Mall
  • Pullman Central Park
  • Royal Mediterania Garden
  • Mediterania Garden Residences
  • APL Tower
  • Garden Shopping Arcade
  • SOHO Capital
  • Green Bay Pluit
  • Baywalk Mall
  • Kuningan City
  • Denpasar Residences
  • Kuningan City Mall
  • Senayan City
  • Green Lake Sunter
  • Lindeteves Trade Center
  • Gading Nias Residence
  • The Lavande Residences
  • Grand Taruma, Karawang
  • Green Permata
  • Emporium Pluit Mall
  • Festival Citylink, Bandung
  • Amaris Hotel
  • Indigo Hotel, Seminyak, Bali
  • SOHO Pancoran, South Jakarta
  • Podomoro City, Medan
  • Borneo Bay, Balikpapan, Kalimantan
  • Pullman Grand Central, Bandung
  • Sofitel Beach Resort, Bali
  • Metro Park Residences
  • Parahyangan Residence, Bandung
  • BnB Hotel, Kelapa Gading
  • Metro Park
  • Harco Glodok
  • Plaza Kenari Mas
  • Balikpapan Trade Centre (BTC)
  • Orchard Park, Batam

Future Projects:

  • Grand Madison @Podomoro City
  • Pullman Vimala Hills
  • AXA Tower by Kuningan City
  • The Pakubuwono Spring Jakarta
  • Podomoro Golf View
  • Podomoro River View
  • The Plaza Balikpapan
  • Podomoro Industrial Park
  • Podomoro Park Bandung

5. PP Property

PT PP Properti Tbk was established in 2013 as a subsidiary of PT PP TBK, a state-owned construction company. PP Properti integrates its development with various facilities. For more than 20 years PP Properti has developed its capabilities. PT PP Properti Tbk has 3 business focuses, namely Residential, Hotel and Commercial. PT PP Properti is one of the largest state-owned businesses in property development.

PT PP Properti Tbk has won several prestigious awards in the property development sector, such as BCI Asia Award 2019, Asia Pacific Property Award, Real Estate Award, Real estate Creative Award 2019, and Properti Indonesia Award.

Current Projects:

Residences

  • Puri Lembana, Bandung
  • Grand Kamala Lagoon, Bekasi
  • Grand Sungkono Lagoon, Surabaya
  • Grand Dharmahusada Lagoon, Surabaya
  • Grand Shamaya, Surabaya
  • Grand Sagara, Surabaya
  • The Ayoma Apartment, Serpong
  • Gunung Putri Square, Bogor
  • Westown View, Surabaya
  • Amartha View, Semarang
  • Evenciio Apartment, Margonda Depok
  • The Alton, Semarang
  • Begawan Apartment, Malang
  • Louvin, Jatinangor
  • Tana Babarsari, Yogyakarta
  • Mazhoji, Depok
  • Riverview Residence, Cikarang
  • Little Tokyo, Cikarang
  • Verdura, Sentul
  • Grand Anila Apartment – Majalengka, Bandung
  • Greenpark Terrace, Cilegon
  • Paladian Park, Jakarta
  • Pavilion Permata, Surabaya
  • Permata Prima, Semarang
  • Payon Amartha, Semarang

Mall & Edutainment

  • Kidzania, Surabaya
  • Lagoon Avenue Bekasi, Bekasi
  • Lagoon Avenue Sungkono, Surabaya
  • Lagoon Avenue Dharmahusada, Surabaya
  • Balikpapan Ocean Square, Balikpapan
  • Kaza City, Surabaya
  • De Tjolomadoe, Jawa Tengah
  • Grand Slipi Tower, Jakarta
  • Sungkono Business Park, Surabaya

Hotels

  • Palm Park Hotel & Convention, Surabaya
  • Prime Park Hotel, Bandung
  • Park Hotel, Jakarta
  • Prime Park Hotel & Convention. Pekanbaru
  • Swiss-Belhotel, Balikpapan

6. Agung Sedayu Group

Agung Sedayu Group is a leading developer based in the Greater Jakarta area. It was founded in 1971 by Sugianto Kusuma and develops both residential and commercial projects.

The company was ranked as the best developer in 2017 by Property Report Awards. They’ve also won the Best Luxury Condo Development Award, Best High-End Condo Development award, Best Office Development Award, Best Luxury Hotel Development Award, Best Mixed-Use Development Award and several other awards.

They’ve also won the Best Property Developer Award for 2017 by Property Guru and their latest award as Best Township Masterplan Design by PropertyGuru Indonesia Property Awards 2020.

Current Projects:

City & Township

  • Golf Island
  • Bukit Golf Mediterania
  • PIK2
  • Green Village
  • River Valley Residence
  • Green Mansion
  • Green Puri
  • Green Lake City
  • Golf Lake Residence
  • Puri Mansion
  • Grand Galaxy City
  • Grand Cibubur Country
  • Golf Residence at Kemayoran
  • Senayan Golf Residence

High Rise Building

  • Gold Coast
  • Puri Mansion Apartment
  • District 8 Lot 28 SCBD
  • Menteng Park
  • Menara Jakarta
  • Taman Anggrek Residences
  • Fatmawati City Center
  • Senayan Residence
  • Kelapa Gading Square
  • The Mansion at Kemang
  • Residence One at Serpong Boulevard
  • Residence 8 @ Senopati
  • The Mansion at Dukuh Golf Kemayoran
  • Ancol Mansion
  • Sedayu City @Kelapa Gading
  • Green Sedayu Apartment
  • The Boulevard
  • City Resort Residence

Mall

  • Mall of Indonesia
  • Mall PIK avenue
  • Mall Darmawangsa square
  • Mall Buaran Plaza
  • Grand Galaxy Park Mall
  • Mall Agung Sedayu
  • ASHTA
  • Green Sedayu Mall

Commercial & Industrial

  • Green Sedayu Biz Park, Cakung
  • Green Sedayu Biz Park, Daan Mogot
  • Sedayu Square

7. PT Adhi Karya

One of Indonesia’s largest property companies is the state-owned company PT Adhi Karya (Persero) Tbk. This company is engaged in Town Management & Support and Property. PT Adhi Karya is among the first construction companies listed on the Indonesia Stock Exchange.

PT Adhi Karya has two subsidiary companies, PT Adhi Persada Properti that focuses on high rise property development, and PT Adhi Commuter Property that focuses on TOD (Transit Oriented Development) and hotels.

ADHI has been able to demonstrate its capability as the leading construction company in Southeast Asia through its competitiveness and experience proven in the success of construction projects that have been executed.

Current Projects:

  • Apartemen Grand Dhika City Bekasi
  • Arlington
  • Dhika Universe Malang
  • Dhika Universe Yogyakarta @Sardjito
  • Grand Dhika City Jatiwarna
  • Grand Dhika Commercial Estate Semarang
  • Grand Taman Melati Margonda 2
  • Mardhika Park Bekasi
  • Taman Dhika Batu Tulis
  • Taman Dhika Cinere
  • Taman Melati @ Sinduadi Yogyakarta
  • Taman Melati Jatinangor
  • Taman Melati Malang Dinoyo
  • Taman Melati Surabaya
  • The Anggana Village
  • The Conexio LRT Superblock
  • The Padmayana
  • The Taman Dhika Ciracas
  • The Taman Dhika Sidoarjo Kota

Future Projects:

LRT City by PT Adhi Commuter Properti

 

8. Trans Property Developer

Chairul Tanjung, owner and founder of CT Corp. Group envisioned a transformation of ambitions into excellence for the growth and advancement of Indonesia and its people. In lieu of that vision, CT Corp. Group expanding its wings in the property development sector with PT. Trans Property acting as the subsidiary in 1996.

Also known as Trans Park, Trans Property was formerly known as PT Para Inti Propertindo. Trans Property develops Transpark in various locations in Indonesia. Each of these real estate properties will have apartment towers, shopping mall, amusement park, office building,

Current Projects:

  • Transpark Cibubur
  • Transpark Juanda
  • Transpark Bintaro
  • Transpark Lampung
  • Transpark Kupang
  • Transpark Jember
  • The Trans Icon