Property development is currently becoming a byword in Jakarta. How not, currently the property sector is starting to be watched by many people, especially millennials. In the long term, the increase in property prices is on a downward trend: up only 1.77% in 2019, 2.95% in 2018, 3.5% in 2017, 2.38% in 2016, 4.62% in 2015 and 6.29% in 2014. This certainly makes various property companies in Jakarta increasingly compete. Not expecting this, that many leading property developer in Jakarta offer a variety of attractive residences for long-term investment. The property project value being developed by property developers could reach 1.21 billion dollars, or the equivalent of IDR 15.77 trillion. So do not be surprised if Indonesia is called the major property. The following are some of the leading property developers in Jakarta.
PT Ciputra Development Tbk
PT Ciputra Development Tbk. (The Company) is a well-known property company in Jakarta. The Company's long history as a leading property company in Indonesia. By implementing a solid strategy and targeted performance, now the Company has grown and is known as the leading property company in the country. In contrast to other property companies, the Company continues to conduct business by adhering to the Company's core philosophy and values, namely Integrity, Professionalism and Entrepreneurship. The Company always prioritizes quality and beauty so that it has succeeded in getting a special position as a leading property company in the hearts of the wider community.
PT Pakuwon Jati Tbk
PT. Pakuwon Jati Tbk (PWON) is a diversified real estate developer that focuses on Jakarta and Surabaya. The Company's main property portfolio includes retail, residential, commercial and hospitality development. The company started commercial operations in May 1986. In the first two decades of operation, the Company was still in Surabaya through the development of the Superblock Tunjungan City and the independent city of Pakuwon City. Pakuwon Group specializes in the construction of malls, housing, offices, hotels and superblocks in Surabaya and Jakarta. We are constantly working to raise awareness and bring sustainability to our industry right down to our customers.
PT Wijaya Karya Realty
PT Wika Realty Tbk is a subsidiary of the state-owned company PT Wijaya Karya (Persero) Tbk. which was established on January 20, 2000. The company, previously one of the business units of its parent company, is engaged in Realty Development (Developer), Property Management, and Construction Services. Until now, Wika Realty has developed and managed various areas, ranging from residential real estate, apartments, hotels, office buildings, to industrial estates.
PT PP Properti Tbk
PT. PP Properti Tbk (PPRO) was established on December 12, 2013. At this time the scope of the Company's activities is the construction of apartments and settlements. The projects developed by the Company are Grand Sungkono Lagoon, Grand Kamala Lagoon, Grand Dharmahusada Lagoon, and others. The Company started its commercial business activities in 2013. PT. PP (Persero) Tbk (PTPP) is the owner or the ultimate parent entity of the business group. As one of the leading state-owned companies, PT PP (Persero) Tbk, which develops three business lines, namely Residential, Mall and Edutainment, Hotels which are spread throughout Jakarta.
PT Agung Podomoro Group
PT. Agung Podomoro Group is the largest development company in the property sector in Jakarta. Founded by Salimin and Anton [1] PT Agung Podomoro built housing in Sunter and Kelapa Gading areas. In addition, this company also provides housing for the poor outside Jabodetabek, such as Subang, Lebak and Kresek. APG builds housing complexes and facilities such as: schools, recreation centers, places of worship, hospitals and markets. Now APG is one of the pioneers in creating an integrated and complete housing concept. Over time, APG has spread its wings to develop superblocks, malls, industrial estates and warehouses.