Jakarta, the bustling capital city of Indonesia, is home to a thriving real estate industry. While the term „real estate“ in the Indonesian dictionary (KBBI) refers to „residential land,“ it is commonly understood as physical buildings and land that make up properties. The government officially regulated the real estate industry in 1974, leading to rapid growth and development that continues to this day. Today, real estate has become increasingly popular among young people, with many choosing to pursue careers in the property sector.
For those interested in joining this dynamic industry, it is essential to be familiar with some of the largest real estate companies in Indonesia. Here is a list of some of the biggest players in the Indonesian real estate market:
1. PT Agung Podomoro Land Tbk: This company is one of the largest property developers in Indonesia, with its first project being a housing complex in Simprug, South Jakarta. PT Agung Podomoro Land Tbk has received numerous awards, including the Property and Bank Award 2022, BCI Asia Award 2021, Euro Money Real Estate Award 2020, and Real Estate Creative Awards 2019. Some of their notable projects include Parkland Podomoro, Bukit Podomoro Jakarta, and Podomoro Park Bandung.
2. PT Bumi Serpong Damai Tbk: A subsidiary of Sinar Mas Land, this company is known for developing the largest planned city project in Indonesia, BSD City. Their projects include BSD Plaza, ITC BSD, BSD Junction, Giant Hypermarket BSD, AEON Mall, and Teraskota. PT Bumi Serpong Damai Tbk has received prestigious awards such as FIABCI Awards, Asia Pacific Property Awards, MIPIM Asia Awards, and Asia Property Awards.
3. Alam Sutera Group: A leading property development company located in Tangerang, Banten, Alam Sutera Group has successfully completed projects like EleVee Condominium. The company, originally founded as PT Adhihutama Manunggal in 1993, changed its name to Alam Sutera in 1994 and later to Alam Sutera Group in 2007.
4. PT Metropolitan Land Tbk: With over 30 years of experience in the property sector, PT Metropolitan Land Tbk is a trusted and reputable developer in Indonesia. Their projects focus on creating quality housing and comfortable environments, with Metland Cikarang being one of their notable developments.
5. Ciputra Development Tbk: Established in 1981, Ciputra Development Tbk is one of the largest property companies in Indonesia. The company has successfully completed numerous large-scale projects in various cities and has been recognized with awards such as the Asia Africa Business Awards and BCI Asia Awards.
6. PT Lippo Karawaci Tbk: Founded in 1990, PT Lippo Karawaci Tbk is a prominent Indonesian property company and a subsidiary of Lippo Group. The company has developed residential properties, commercial buildings like Siloam Hospitals, Hotel Aryaduta, and San Diego Hills Memorial Park.
7. PT Pakuwon Jati Tbk: Headquartered in Surabaya, PT Pakuwon Jati Tbk has developed two residential complexes and four superblocks in Jakarta, Surabaya, Yogyakarta, and Solo. Their projects include Pakuwon Mall, Tunjungan City, Gandaria City, Kota Kasablanka, Pakuwon Bekasi, and Blok M Plaza.
8. PT Agung Sedayu Group: Known for building luxury residences in Pantai Indah Kapuk (PIK), PT Agung Sedayu Group has developed projects like Green Lake City, Green Village, and Golf Lake Residence.
These companies represent the diversity and growth of the real estate industry in Indonesia, offering a range of projects and opportunities for those looking to enter this dynamic sector. Whether you are a young professional seeking a career in real estate or an investor looking for promising opportunities, these companies play a significant role in shaping the landscape of Indonesia’s property market. Stay informed and explore the latest news and articles on Google News and follow Medcom.id’s WhatsApp channel for more updates. (Ridini Batmaro)