23 Developments offer luxury lifestyle
COMPANY Ciputra Development Tbk PT
BRAND VALUE US $512 million
YEAR ON YEAR CHANGE 8%
INDUSTRY Real Estate
YEAR FORMED 1990
Ciputra Development is a leading developer of large-scale commercial and residential developments in over 33 Indonesian cities. Commercial projects include shopping centers, offices, hotels, hospitals and golf courses. It specializes in upscale residential properties that are marketed to higher income earners and those seeking luxury lifestyles. Key projects in the last year include Ciputra World 2, a mixed residential and office development on Jalan Profesor Doktor Satrio, one of Jakarta’s main shopping and business streets, and CitraLand Bandar Lampung, a large luxury residential development in Bandar Lampung, southern Sumatra. Early in 2017, business operations were streamlined when Ciputra Development was merged with the two other publicly listed companies in the Ciputra Group – Ciputra Surya and Ciputra Property. Ciputra Development is the name of the new, merged entity. The Ciputra company was founded by the architect Ciputra, now a billionaire philanthropist, whose vision of an Indonesia fueled by entrepreneurs is behind huge education projects run around the country and for Indonesian migrant workers abroad. The Ciputra Group mantra is: “Creating world entrepreneurs”. Ciputra Development is listed on the Indonesia Stock Exchange.