Property developers in Jakarta make the bustling capital city of Indonesia an ever-evolving metropolis. The city has a skyline that continues to morph with towering steel and glass construction. Real estate developers breathe life into blueprints, transforming empty lots into thriving residential, commercial, and industrial properties that cater to the country’s booming population and growing economy. This article dives into the six best property developers in Jakarta.
Property developers in Jakarta
There are several property developers in Jakarta. This article discusses the six best property developers in Jakarta, which are:
- Agung Podomoro Group
- Agung Sedayu Group
- Ciputra Development
- RDTX Group
- Duta Anggada Realty
- PP Properti
1. Agung Podomoro Group
Agung Podomoro Group (APLN), established in 1969 by Anton Haliman, has quickly risen to become one of the top property developers in Indonesia. The firm is recognized for undertaking large-scale projects with APLP, a subsidiary created in 2004, which has already won several awards in just a few years, including the Best Developer award in 2017 by BCI.
Property types
Primarily, APLN develops residential projects that include townships, large-scale villages, integrated development projects, and high-rise apartments. However, the company also has a portfolio of a few industrial parks and other commercial, retail, and leisure properties.
Current and future projects
Currently, they are working on several projects like Orchard Park, Podomoro Golf, Metro Park Residence, Makassar Project, and Borneo Bay Residence. Development plans include Pluit City, SOHO City, Harco Glodok, Plaza Kenari Mas, and Vimala Hills.
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2. Agung Sedayu Group
Established in 1971, the Agung Sedayu Group has developed residential and commercial projects. The company has many accolades, including being ranked as the best developer in 2017 by Property Report Awards and receiving the Best Property Developer Award for 2017 by Property Guru.
Property types
Agung Sedayu Group develops all properties, including residential apartments, office towers, shopping malls, hotels, industrial estates, and resorts. Residential projects typically include townships, large residential superblocks, and apartment buildings.
Current and future projects
The group’s current projects include Langham Residence, District 8 Apartment, Green Mansion, and Green Lake City. Future developments include Senayan Golf Residence, Green Village, Menara Jakarta, and PIK 2.
3. Ciputra Development
Established in 1981 by Dr. Hc. Ciputra, the Ciputra Group owns various real estate, healthcare, media, telecommunication subsidiaries, brokerage, insurance, and finance. Their real estate arm, Ciputra Development, has completed hundreds of projects across Indonesia and abroad.
Property types
Ciputra Group develops almost all properties, including residential townships, city blocks, apartment buildings, hotels, malls, mixed-use buildings, resorts, office towers, and other commercial buildings.
Current and future projects
Ciputra Group’s current projects include Aeroworld 8, Citra City, Citra 6, Citra Indah, and Citra Mitra City Banjarbaru. Future projects include Ascott, CitraLand Jayapura, and CitraLand City Jakarta.
4. RDTX Group
RDTX, founded in 1980, is one of Jakarta’s leading property developers and trading companies. The real estate arm of the RDTX Group, Chaitaland Perkasa PT, was ranked as the second-best property developer in Indonesia by BCI Asia Top 10 Awards for 2017, making it one of the best property developers in Jakarta.
Property types
Chaitaland Perkasa PT primarily develops commercial projects, such as office buildings for rental purposes, alongside commercial warehousing. There are also a few residential projects under their name.
Current and future projects
RDTX Group’s current projects include Chitaland Tower, RDTX Tower, and PHE Tower. No information about future residential projects is available, but reports suggest that RDTX is partnering with DT Group to develop several luxury residential projects.
5. Duta Anggada Realty
Duta Anggada Realty, founded in 1983, is a leading real estate developer based in Indonesia. In the last 30 years, they have completed around 25 residential, commercial, and retail projects, making it one of the important property developers in Jakarta.
Property types
Most of Duta Anggada Realty’s projects are commercial and office buildings, with several retail and residential complexes developed. Their residential projects include both apartments and townships.
Current and future projects
The company’s current projects include Citywalk Sudirman, Panjaitan, Plaza Bapindo, Plaza Chase, and Plaza Jatinegara. Future projects include Holiday Inn & Suites, Hotel Bali, Icon Towers, and La Maison Barito.
6. PP Properti
PP Properti PT, although founded only in 2013, is backed by the state-owned PT PP TBK, founded in 1953. The parent company is involved in all central government buildings and owns eight subsidiaries working in the real estate sector.
Property types
PP Properti PT develops many residential, commercial, hotel, and retail properties. Most residential projects are high-rise apartment buildings, a few townships, and housing complexes.
Current and future projects
Their current projects include Grand Kamala Lagoon, Grand Sungkono Lagoon, Grand Dharmahusada Lagoon, Grand Shamaya, Amartha View, and Gunung Putri Square. The company’s plans include Palm Park, Amartha View Tower 2, The Alton Apartments Tower 2 and 3, Victoria GKL Tower, and planned apartment projects in Cibubur, Jogya, Kertajati, and Paragon Semarang.
Who is the best property developer in Jakarta?
Determining the best of all property developers in Jakarta can be somewhat subjective, depending on the criteria used. Some might measure it in terms of the number of projects, others by the range of property types, awards, influence in the market, or some combination of these and other factors.
However, Agung Podomoro Group and Agung Sedayu Group stand out from all property developers in Jakarta for a few reasons:
- Agung Podomoro Group was recognized as the best developer by BCI in 2017, and their property arm, APLP, has also won several awards in a relatively short time. They are known for their large-scale projects and have completed over 70 residential projects.
- Agung Sedayu Group has numerous awards, including Best Luxury Condo Development Award, Best High-End Condo Development Award, Best Office Development Award, Best Luxury Hotel Development Award, and Best Mixed-Use Development Award. They were also ranked the best developer in 2017 by Property Report Awards and Property Guru.
Both property developers in Jakarta are reputable, have a significant portfolio of property types, and have garnered industry recognition. As such, either could be considered among the best property developers in Jakarta based on the information you provided.
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Frequently Asked Questions (FAQs)
Who is the largest real estate developer in Indonesia?
It’s hard to say who Indonesia’s largest real estate developer is. However, Agung Podomoro Group, Ciputra Group, and Lippo Group are seen as the three most prominent real estate and property developers in Jakarta.
Can foreigners buy property in Jakarta?
Foreigners can buy property in Jakarta individually or through a PT PMA. It’s possible to buy a freehold or a leasehold property, depending on whether it’s done individually or through a PT PMA (foreign-owned company). You read how to buy property in Jakarta in our complete guide.
Who is the best property developer in Jakarta?
Agung Podomoro Group and Agung Sedayu Group stand out as the best property developers in Jakarta.
